Question: Go to the Financial Management service of the United States Treasury at www.fms.treas.gov and find the latest information available on the Monthly U.S. Bank Positions in Foreign Currencies and Foreign Assets and Liabilities using the following steps. Click on "Treasury Bulletin (quarterly)." This will bring up the Table of Contents. Scroll down to and click on "Foreign Currency Positions." This will bring up a file containing the Monthly U.S. Bank Positions in Foreign Currencies and Foreign Assets and Liabilities.
1. Calculate the net foreign exchange exposure of U.S. banks to the Canadian dollar, Japanese yen, Swiss franc, British pound, and the euro.
2. What do the values say about the foreign exchange exposure of U.S. banks to these currencies?