Banking


The Office of the Comptroller of the Currency (OCC) reports that U.S. commercial banks boosted their derivatives holdings to $51.3 trillion in the third quarter of 2001—an increase of $3.5 trillion over the previous three months. This continued an upward trend that began after the third quarter of 2000. The OCC says in last year’s third quarter banks’ credit-risk exposure fell by $583 billion because they used derivatives to offset the risk of default on loans they made. ( www.occ.treas.gov/ftp/release/2001-99.doc )

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.