The US Office of the Comptroller of the Currency’s quarterly report on bank trading and derivatives activities for Q4 2008 is out.

Somewhat counterintuitively, the notional value of derivatives held by US banks increased 14 per cent in the period, to $200 trillion.

It’s not quite £1.6 QUADRILLION! of course, but we can’t help reprise this photo.

Related links:
Quarterly Report on Bank Trading and Derivatives Activities Q4 2008 – OCC
US commercial banks lost $9.2bn on derivatives trades in Q4 08 – FT Alphaville
Banks rip up credit derivatives - FT

This entry was posted by Tracy Alloway on Thursday, April 2nd, 2009 at 14:05 and is filed under Capital markets. Tagged with Banks, CDS, derivatives. Edit this entry.