WASHINGTON -(Dow Jones)- Derivatives trading rebounded during the first quarter of 2002 as the industry recovered from the Sept. 11 terrorist attacks, a mild recession and a number of high-profile corporate bankruptcies filed last year, according to a federal report released Wednesday. Trading resumed normal levels with a total of $46.3 trillion in notional derivatives outstanding at insured commercial banks during the three months ended March 30 - a $946 billion increase from the previous quarter, according to the OCC Bank Derivatives Report compiled by the Office of the Comptroller of the Currency.
Earnings also increased to $3.14 billion for the same time period, up from $ 2.6 billion in the previous quarter. And total credit risk from derivatives contracts dropped by $37 billion to $445 billion in the first quarter.
(This story was originally published by Dow Jones Newswires)
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