US DATA: OCC says commercial banks reported trading revenue of $4.2
billion in Q3:2010, -27% YOY and -37% from Q2. Net current credit
exposure (NCCE) increased $43 billion, or 11 percent, to $440b vs $800b
peak at end-’09. Notional amount of derivatives held by insured U.S.
commercial banks increased by $11.3T (or 5 percent) in the third quarter
to $234.7 trillion. Interest rate contracts increased $7.9 trillion (4
percent) to $196.5 trillion, while FX contracts increased 14 percent to
$20.8 trillion.