Citi, State Street grow off-balance sheet exposures
Big US banks add $11 billion in exposures during Q3
US systemically important banks added $11 billion of off-balance sheet exposures in the third quarter of the year.
Citi saw the biggest increase in dollar terms across the eight G-Sibs at $26 billion, a rise of 2.3% from the previous quarter. The bank’s total notional off-balance sheet amounts reached $1.15 trillion at end-September, an all-time high.
State Street saw the highest percentage rise of 3.5% ($1.2 billion), bringing the total to $36 billion. JP Morgan and BNY Mellon increased
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