Volume 4, No. 6

Diving 1994 Derivatives Disclosures: 10 Banks:  The application of Statement of Financial Accounting Standards No. 119 in 1994 financial statements resulted in much more information being added to the footnotes regarding derivatives activities, trading income arising from derivative instruments, fair value of assets and liabilities associated with derivatives, and many other aspects of derivatives usage. Heightened SEC vigilance on disclosures has helped as well. A survey of the ten largest banks illustrates how they complied with the new standard, and demonstrates the uses analysts may have for the new disclosures.

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