Problem -
Go to the website of the Office of the Comptroller of the Currency and update Table 16-5 using the following steps. Click on "Publications." Click on "Quarterly Report on Bank Derivatives Activities." Click on the most recent date. Under "Bookmarks," click on "Tables." This will bring the file onto your computer that contains the relevant data. What is the dollar value increase in these values over those reported in Table 16-5?
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Table 16-5: Derivative Contracts Held by Commercial Banks, by Contract Product (in billions of dollars)
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1992
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1996
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2000
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2004
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2008
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2012 (first quarter)
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Futures and forwards
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$4,780
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$8,041
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$9,877
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$11,343
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$22,512
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$40,604
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Swaps
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2,417
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7,601
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21,949
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56,411
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131,706
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138,671
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Options
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1,568
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4,393
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8,292
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17,750
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30,267
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34,656
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Credit derivatives
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-
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-
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426
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2,347
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15,897
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14,051
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Total
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$8,765
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$20,035
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$40,544
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$87,880
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$200,382
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$227,982
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