Letter Re: Investigating Your Bank’s Level of Derivatives Exposure
Dear James With all of the talk about derivatives blow-ups, I decided to do some research on my bank, as I am concerned about the cash that I have in my personal account, as well as the cash that I use for my business. I first found this Treasury Department PDF and down around page 22, it lists the top 25 banks in the U.S., their assets and their derivatives exposure. I found that my bank is on the top 25 and has a fairly high exposure to derivatives, but nothing like the top 5. At that point, I decided …