Using the pics to discuss the following:
- How have these values increased since 2015?
- Use charts or tables to illustrate the difference between the numbers.
Derivative Contracts by Product* Insured U.S. Commercial Banks and Savings Associations 2019 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $250,000 $200,000- $150,000 in billions $100,000 ex $50,000 $0 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q1 Futures & Forwards Total Options Total Swaps Credit Derivatives In billions of dollars 2017 2018 2019 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Q4 Q4 04 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Futures & Forwards $11,370 $12,057 $14,882 $18,867 $22,529 $29,652 $35,539 $37,469 $41,621 $40,027 $43,380 $35,691 $34,201 $34, 162 $36, 144 $46, 165 17,754 18,858 26,277 27,727 29,747 31,884 32,078 32,505 30,375 32,305 33,081 30,889 29,373 38,841 38,009 44, 134 Total Options 97,923 106,837 Total Swaps 56,411 64,712 81,340 103, 102 143, 111 139, 138 149,331 146,266 136,608 152,469 135, 169 107,392 96,384 94,784 5,293 4,186 4,277 4, 145 Credit Derivatives C 9,020 15,863 16,029 14, 112 14, 151 14,759 13, 190 11, 191 9,449 6,986 176,353 201,281 Total Notional 85.536 95,627 131,519 165,559 211,416 214,786 231,099 230,998 221,794 235,992 221,078 180,959 165,252 171,973 *Notional amount of total: futures, exchange-traded options, over the counter options, forwards and swaps. Note: Numbers may not add up to total due to rounding. Source: Call reports-.-,.. . Four Banks Dominate in Derivatives" Insured U3. Commercial Banks and Savings Associations Futures 8. Forwards Total Swaps I All Other Banks I Top4 Total Options Credit Derivatives Total Notional 0 10,000 20,000 30,000 40,000 50,000 60,000 70.000 00,000 90,000 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 in billions of dollars In billions of dollars Top 4 All other Banks Grand Total Futures 8. Forwards $37,374 $8,792 $46,165 Total Swaps 94,806 12,031 106,837 Total Options 41 ,676 2,458 44,134 Credit Derivatives 3,923 222 4,145 Total Notional 177,779 23,503 201,281 NOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS TOP 25 COMMERCIAL BANKS, SAVINGS ASSOCIATIONS AND TRUST COMPANIES IN DERIVATIVES MARCH 31, 2019, MILLIONS OF DOLLARS TOTAL LEGAL TOTAL TOTAL CREDIT ENTITY TOTAL TOTAL FUTURES OPTIONS FORWARDS SWAPS OPTIONS DERIVATIVES SPOT RANK BANK NAME INDENTIFIED ASSETS DERIVATIVES (EXCH TR) (EXCH TR) (OTC) JPMORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 $2,292,334 $59,038,291 $1, 101,374 $2,890,091 $12,219,549 $31,407,699 $10,081,222 $1,338,356 $703,288 CITIBANK NATIONAL ASSN E570DZWZ7FF32TWEFA76 1,430,122 51,219,006 880,018 8,824,265 29,578,122 9,323,474 1,831,022 935,202 GOLDMAN SACHS BANK USA KD3XUN7C6T14HNAYLUO2 195,860 47,085, 103 1, 190,954 3,801,289 7,135,587 22,788,029 11,995,017 174,227 346,763 BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 1,775,353 20,436,421 263,409 5,856,457 11,031,925 2,537,072 579,513 431,354 WELLS FARGO BANK NA KB1H1DSPRFMYMCUFXT09 1,667,769 11,039,117 232,095 3,991,759 5,218,143 1,370,233 37,905 5,934 HSBC NA 1IE8VN30JCEQV1H4R804 177,494 5,458,824 136,224 4,216 1,088,875 3,737,452 374,726 117,331 42,675 STATE STREET BANK&TRUST CO 571474TGEMMWANRLN572 225,137 2,264,710 4,801 2,212,464 19,152 28,293 73,929 BANK OF NEW YORK MELLON HPFHUOOQ28E 4NONFVK49 271, 195 1,063,628 25,264 271,256 746, 104 165 118,773 U S BANK NATIONAL ASSN 6BYL5QZYBDK8S7L73M02 467,322 457,138 14,371 1,300 62,504 103,863 8,420 496 PNC BANK NATIONAL ASSN AD6GFRVSDTO1YPT1CS68 380,593 406,616 5,067 5,383 19,099 336,255 31,094 9,719 771 NORTHERN TRUST CO 6PTKHDJ8HDUF78PFWH30 301,799 281,757 19,186 857 3,838 MUFG UNION BANK NA OX3PU53ZLPQKJ4700D47 133,366 297,878 2,140 211,268 76,774 7,495 201 319 SUNTRUST BANK IYDOJBGJWY9T8XKCSX06 214,042 246,288 3,754 13,691 20,611 155,685 47,186 5,361 106 TD BANK NATIONAL ASSN 03DOJEWFDFUSOSEEKG89 301,450 204, 138 2,406 562 CAPITAL ONE NATIONAL ASSN 207 ALC1P1YMOOVDVOK75 306,751 161,602 410 2,605 153,333 672 4,581 184 CITIZENS BANK NATIONAL ASSN DRMSV1QOEKMEXLAU1P80 161,403 161,206 3,656 9,624 124,791 20,033 3, 102 360 FIFTH THIRD BANK OFROUN1UWUYUODVIWD51 147,398 108,976 1,008 229 6,459 72,437 23,422 5,421 449 KEYBANK NATIONAL ASSN HUX2X73FUCYHUVH1BK78 139,878 108,508 4,836 87,256 14,390 373 589 REGIONS BANK EQTWLK1G70DGC2MGLV11 128,089 92,431 967 40 4, 169 69,653 12,784 4,818 20 BOKF NATIONAL ASSN FU7RSW4CQQY98A207J66 39,779 83,336 751 190 75, 165 5,323 1,904 MANUFACTURERS&TRADERS TR CO WWB2VOFCW3AOEE3ZJN75 119,582 79,643 58, 191 19,472 82 MORGAN STANLEY BANK NA G1MLHISON3213QPILB75 140,568 72,800 251 22,268 23,526 18,479 8,276 2,875 BRANCH BANKING&TRUST CO JJKC32MCHWD171265206 219,793 60,630 124 46,040 7,353 674 51 COMPASS BANK C90VT034MO3BN29IRA40 92,635 47,460 3,462 1,750 9,541 657 HUNTINGTON NATIONAL BANK 108,053 43,905 180 ooo 3,324 36,613 1,446 2,343 TOP 25 COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES $11,257,394 $200,539,455 $3,730,907 $7,996,632 $42,336,477 $106,291,589 $36,051,382 $4, 132,468 $2,668,064 OTHER COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 5,009,419 742,004 4,421 670 93,624 85,547 12,460 TOTAL COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 16,266,813 201,281,459 3,735,327 7,997,302 42,430, 101 106,836,871 36, 136,929 4, 144,928 2,669,561 Note: Credit derivatives have been included in the sum of total derivatives. Credit derivatives have been included as an "over the counter" category, although the call report does not differentiate by market currently. Note: Before the first quarter of 1995 total derivatives included spot FX. Beginning in that quarter, spot FX has been reported separately. Note: Numbers may not add up to total due to rounding. Source: Call reports, Schedule RC-LNOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS (HOLDING COMPANIES) TOP 25 HOLDING COMPANIES IN DERIVATIVES MARCH 31, 2019, MILLIONS OF DOLLARS LEGAL CREDIT ENTITY TOTAL TOTAL FUTURES OPTIONS FORWARDS SWAPS OPTIONS DERIVATIVES SPOT RANK HOLDING COMPANY INDENTIFIED ASSETS DERIVATIVES (EXCH TR) (EXCH TR) (OTC (OTC) (OTC) FX JPMORGAN CHASE & CO. 815DZWZKVSZI1NUHU748 $2,737,188 $58,748,422 $1,125,380 $3,133,382 $ 12,761,902 $30,593,227 $9,768,170 $1,366,361 $691,378 CITIGROUP INC. 6SHGI4ZSSLCXXQSBB395 1,958,413 51,482,576 955,586 2, 176,765 10,321,826 27,526,054 9,043,788 1,458,557 935,684 GOLDMAN SACHS GROUP, INC., THE 784F5XWPLTWKTBV3E584 925,362 50,771,518 2,027,008 4,762,553 8,063,480 21,840,276 12,951,074 1,127, 127 343,969 BANK OF AMERICA CORPORATION 9DJT3UXIJIZJI4WX0774 2,377,362 37,916,534 1,285,644 1, 163,513 9,237,398 21,154,937 4,114,228 960, 814 411,040 MORGAN STANLEY IGJSJL3JD5P3016NJZ34 875,964 34,992, 111 1,386,630 1,616,899 4,885,225 17,755,842 8,882, 192 465,323 82, 104 WELLS FARGO & COMPANY PBLDOEJDB5FWOLXP3B76 1,887,792 11,365,559 197,266 247,340 4,454, 160 5,062,676 1,368,051 36,066 5,901 HSBC NORTH AMERICA HOLDINGS INC. 213800JCL 1FHBOK3M654 279,310 8,464,723 368, 158 529,858 1,089,065 5,977,496 382,817 117,331 42,675 MIZUHO AMERICAS LLC 39,954 6,424,676 14,521 2,511 361,515 5,966, 145 78,868 1, 116 8, 149 SMBC AMERICAS HOLDINGS, INC. 22,878 4,571,266 203,310 1,437,225 712,375 1,572,572 645,555 229 STATE STREET CORPORATION 54930OZFEEJ2IP5VME73 228,332 2,257,488 4,801 2,212,464 11,930 28,293 73,929 BANK OF NEW YORK MELLON CORPORATION, THE WELLPEPC7FZXENRZV188 346,205 1,064, 190 26,451 108 292,171 724,501 20,794 165 118,906 BARCLAYS US LLC 213800H14XVWOV870172 155,685 791,931 28,633 347,041 336,507 23,472 56,278 41 RBC US GROUP HOLDINGS LLC 123,887 521,173 141,353 153,784 19,371 205,994 355 315 250 14 U.S. BANCORP N1GZ7BBF3NP8G1976H15 475,775 457,984 14,371 1,300 61,791 268,239 103,863 8,420 496 15 PNC FINANCIAL SERVICES GROUP, INC., THE CFGNEKWOP8842LEUIA51 392,854 402,731 5,099 5,383 22,078 329,359 31,094 9,719 771 CREDIT SUISSE HOLDINGS (USA), INC. 549300YHT5NGRKJD1R94 125,614 384,574 8,796 4,352 233,344 75,833 6,665 55,583 MUFG AMERICAS HOLDINGS CORPORATION 5493004K1ECE43Q0BX47 170,708 312,592 4,473 394 223,138 76,890 7,495 201 319 TD GROUP US HOLDINGS LLC 549300ARWZ5E3L64UH29 384,067 303,456 75,037 3,613 15,478 208,765 562 NORTHERN TRUST CORPORATION 549300GLF98S992BC502 121,869 300,549 281,757 17,936 857 3,838 SUNTRUST BANKS, INC. 7E1PDLW1JL6TSOBS1G03 220,667 242,087 3,754 13,691 20,611 152,718 45,951 5,361 106 CAPITAL ONE FINANCIAL CORPORATION ZUEST73ROZOF6FLBAR73 373,191 218,790 $10 12,514 200,613 672 4,581 184 CITIZENS FINANCIAL GROUP, INC. 2138004JDDA4ZQUPFW65 161,724 161,206 3,656 9,624 124,791 20,033 3,102 360 DB USA CORPORATION 529900RO45LRDMWLR157 133,145 136,281 4,601 88,378 19,476 22,705 1,121 BNP PARIBAS USA, INC. RKPI3RZGV1V1FJTH5T61 120,526 129,791 117 5 110,314 17,609 1,746 19 FIFTH THIRD BANCORP THRNG6BD57P9QWTQLG42 167,853 115,453 1,008 229 77,007 24,558 5,794 149 TOP 25 HOLDING COMPANIES WITH DERIVATIVES $14,806,327 $272,537,660 $7,886,062 $15,688,325 $55,764,441 $139,987,587 $47,527,681 $5,683,563 $2,724,336 Note: Currently, the Y-9 report does not differentiate credit derivativ Note: Before to the first quarter of 2005, total derivatives included spot FX. Beginning in that quarter, spot FX has been reported separately. Note: Numbers may not add up to total due to rounding. Source: Consolidated Financial Statements for Bank Holding Companies, FR Y- 9, Schedule HC-LDISTRIBUTION OF CREDIT DERIVATIVE CONTRACTS HELD FOR TRADING TOP 25 COMMERCIAL BANKS, SAVINGS ASSOCIATIONS AND TRUST COMPANIES IN DERIVATIVES MARCH 31, 2019, MILLIONS OF DOLLARS TOTAL CREDIT PURCHASED SOLD TOTAL DERIVATIVES CREDIT OTHER CREDIT TOTAL OTHER ENTITY TOTAL TOTAL CREDIT CREDIT DEFAULT RETURN CREDIT RANK BANK NAME INDENTIFIED DERIVATIVES DERVATIVES PURCHASED SOLD SWAPS OPTIONS DERIVATIVES SWAPS SWAPS OPTIONS DERIVATIVES JPMORGAN CHASE BANK NA 7H6GLXDRUGOFU57RNE97 $2,292,334 $677,635 $660,721 628,765 $18,017 $618,619 $21, 189 $20,700 $213 CITIBANK NATIONAL ASSN E570DZWZ7FF32TWEFA76 1,430, 122 49,387,984 1,831,022 893,318 848,458 20,706 68,540 810,711 6,676 GOLDMAN SACHS BANK USA KD3XUN7CT14HNAYLU02 195,860 46,910,876 174,227 94,945 79,282 85,771 2,768 6,271 135 70,027 6,33 BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 1,775,353 19,856,908 579,513 296,377 283,136 233,334 9,290 53,753 13,694 WELLS FARGO BANK NA KB1H1DSPRFMYMCUFXT09 1,667,769 11,001,212 37,905 23,306 14,599 3,883 100 19,323 2,828 HSBC NA 1IE8VN30JCEQV1H4R804 177,494 5,341,493 55,065 6,406 STATE STREET BANK&TRUST CO 53,726 1,339 BANK OF NEW YORK MELLON 571474TGEMMWANRLN572 225,137 HPFHUOOQ28E4NONFVK49 271, 195 1,063,463 165 165 165 US BANK NATIONAL ASSN 6BYL50ZYBDK8S7L73M02 467,322 448,718 8,420 3,133 5,287 756 2,377 5,257 PNC BANK NATIONAL ASSN AD6GFRVSDTO1YPT1CS68 380,593 6,735 2,969 6,735 NORTHERN TRUST CO 6PTKHDJ8HDUF78PFWH30 301,799 MUFG UNION BANK NA OX3PU53ZLPQKJ4700D47 133,366 201 201 201 SUNTRUST BANK IYDOJBGJWY9T8XKCSX06 214,042 240,927 5,361 3,130 2,230 927 2,196 2,196 TD BANK NATIONAL ASSN 03DOJEWFDFUSOSEEKG89 301,450 204,138 CAPITAL ONE NATIONAL ASSN 207ALC1P1YMOOVDVOK75 306,751 157,021 4,581 2,679 CITIZENS BANK NATIONAL ASSN DRMSV1QOEKMEXLAU1P80 161,403 158, 104 2,679 3,102 3,102 FIFTH THIRD BANK OFROUN1UWUYUODVIWD51 147,398 103,554 5,421 985 0 KEYBANK NATIONAL ASSN 4,436 HUX2X73FUCYHUVH1BK78 139,878 108,135 373 193 180 193 REGIONS BANK EQTWLK1G70DGC2MGLV11 128,089 87,613 4,818 1,291 43 3,484 BOKF NATIONAL ASSN FU7RSW4CQQY98A207J66 39,779 83,333 MANUFACTURERS&TRADERS TR CO WWB2VOFCW3AOEE3ZJN75 119,582 79,643 0 MORGAN STANLEY BANK NA G1MLHISON3213QPILB75 140,568 64,524 8,276 8,022 254 7,412 BRANCH BANKING&TRUST CO JUKC32MCHWD171265Z06 219,793 59,956 674 590 oo oo ooo ooo ooooooooo 590 COMPASS BANK 034MO3BN29IRA40 92,635 649 649 HUNTINGTON NATIONAL BANK 41,563 1,515 828 828 TOP 25 COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES $11,257,394 $196,406,987 $4, 132,468 $2,115,847 $2,016,621 $67,399 $147,291 $35,365 $1,777,846 $48,014 $151,539 $39,222 OTHER COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 5,009,419 729,544 12,460 7,091 5,369 26 4,453 4,891 TOTAL AMOUNT FOR COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 16,266,813 197,136,531 4,144,928 2,122,937 1,865,817 37,977 1,778,323 151,539 44,113 (% (%) (%) (%) (%) (%) (%) (%) (% TOP 25 COMMERCIAL BANKS, SAs & TCs: % OF TOTAL COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 99.7 51.0 45.0 3.6 0.9 42.9 1.2 3.7 0.9 OTHER COMMERCIAL BANKS, SAs & TCs: % OF TOTAL COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 0.3 0.2 0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 TOTAL AMOUNT FOR COMMERCIAL BANKS, SAs & TCs: % OF TOTAL COMMERCIAL BANKS, SAs & TCs WITH DERIVATIVES 51.2 18.8 45.0 3.6 0.9 42.9 37 Note: Credit derivatives have been excluded from the sum of total derivatives here. Note: Numbers may not add up to total due to rounding. Source: Call reports, Schedule RC-L