Question
Go to the FDIC website at www.fdic.gov and find the total amount of unused commitments and letters of credit and the notional value of interest
Go to the FDIC website at www.fdic.gov and find the total amount of unused commitments and letters of credit and the notional value of interest rate swaps of FDIC-insured commercial banks for the most recent quarter available using the following steps. Click on Analysts. From there click on Statistics on Banking. Next click on Assets and Liabilities and Run Report. Select Total Unused Commitments, then Letters of Credit, and finally Derivatives to get the relevant data. This will bring the three files onto your computer that contains the relevant data. What is the dollar value increase in these amounts over the first-quarter 2015 values reported in Table 164?
*The question is copy and pasted straight from the textbook, no steps are missing. The picture I provided is a condensed version of Table 16-4 with only the 1st quarter 2015 values.
2015 S 5,926.4 Commitments to lend Future and forward contracts (excludes FX) On commodities and equities On interest rates 306.6 30,070.7 Notional amount of credit derivatives 4,456.4 4,559.5 Bank is guarantor Bank is beneficiary Standby contracts and other option contracts 11,253.3 11,715.1 3,301.4 3,272.3 1,214.5 1,080.3 16,914.0 628.9 (217.9) 19.3 Written option contracts on interest rates Purchased option contracts on interest rates Written option contracts on foreign exchange Purchased option contracts on foreign exchange Written option contracts on commodities and equities Purchased option contracts on commodities and equities Commitments to buy FX (includes USS), spot, and forward Standby LCs and foreign office guarantees (amount of these items sold to others via participations) Commercial LCs Securities lent Other significant commitments and contingencies Notional value of all outstanding interest rate, FX, and commodity swaps Loans sold, with recourse 1,284.9 98.7 117,686.3 105.0 (27.9) 213,893.6 14,736.6 Outstanding principal balance of loans sold (Amount of recourse exposure on these loans) Total Total assets (on-balance-sheet items 2015 S 5,926.4 Commitments to lend Future and forward contracts (excludes FX) On commodities and equities On interest rates 306.6 30,070.7 Notional amount of credit derivatives 4,456.4 4,559.5 Bank is guarantor Bank is beneficiary Standby contracts and other option contracts 11,253.3 11,715.1 3,301.4 3,272.3 1,214.5 1,080.3 16,914.0 628.9 (217.9) 19.3 Written option contracts on interest rates Purchased option contracts on interest rates Written option contracts on foreign exchange Purchased option contracts on foreign exchange Written option contracts on commodities and equities Purchased option contracts on commodities and equities Commitments to buy FX (includes USS), spot, and forward Standby LCs and foreign office guarantees (amount of these items sold to others via participations) Commercial LCs Securities lent Other significant commitments and contingencies Notional value of all outstanding interest rate, FX, and commodity swaps Loans sold, with recourse 1,284.9 98.7 117,686.3 105.0 (27.9) 213,893.6 14,736.6 Outstanding principal balance of loans sold (Amount of recourse exposure on these loans) Total Total assets (on-balance-sheet itemsStep by Step Solution
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