BANK PARTICIPATION IN FUTURES OPTIONS MARKETS

(IN CONTRACTS - NOT DELTA ADJUSTED)



                                          BANK     BANK      LONG         SHORT            CALL      LONG          SHORT           PUT
 DATE       COMMODITY                     TYPE     COUNT     CALLS   %    CALLS    %       O. I.     PUTS    %     PUTS    %       O. I.

02/01/05 CBT U.S. TREASURY BONDS          U.S.        4     20,050  7.7    1,700  0.6    261,957    12,159  2.6    6,935  1.5    458,969
                                          NON U.S.   12      6,275  2.4    6,600  2.5               13,401  2.9   12,213  2.7
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     16     26,325 10.1    8,300  3.1               25,560  5.5   19,148  4.2

02/01/05 NYME NO. 2 HEATING OIL, N.Y. HARBOR
                                          U.S.        3        390  0.8      165  0.3     50,534        50  0.1      155  0.4     37,674
                                          NON U.S.    3      5,640 11.2    2,640  5.2                1,690  4.5    2,865  7.6
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                      6      6,030 12.0    2,805  5.5                1,740  4.6    3,020  8.0

02/01/05 NYME NATURAL GAS                 U.S.        4      4,809  1.3    5,492  1.5    377,237     8,890  1.6    5,814  1.0    554,906
                                          NON U.S.    6     24,982  6.6   23,461  6.2               38,392  6.9   41,396  7.5
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     10     29,791  7.9   28,953  7.7               47,282  8.5   47,210  8.5

02/01/05 NYME OTC NATURAL GAS OPTIONS     U.S.        5      5,834  1.6    5,238  1.4    374,056     7,741  1.6    4,945  1.0    477,621
                                          NON U.S.    6     41,104 11.0   50,286 13.4               57,198 12.0   53,156 11.1
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     11     46,938 12.6   55,524 14.8               64,939 13.6   58,101 12.1

02/01/05 CBT 10-YEAR U.S. TREASURY NOTES  U.S.        5     98,382  9.8   35,432  3.5  1,007,381    47,841  3.4   44,786  3.2  1,415,435
                                          NON U.S.   36     65,518  6.5   53,803  5.3              189,653 13.4   92,600  6.5
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     41    163,900 16.3   89,235  8.8              237,494 16.8  137,386  9.7

02/01/05 CBT 5-YEAR U.S. TREASURY NOTES   U.S.        4      8,314  3.3   24,032  9.5    252,741    26,171  3.8   29,577  4.2    696,964
                                          NON U.S.   17      5,750  2.3   16,162  6.4               39,525  5.7   32,886  4.7
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     21     14,064  5.6   40,194 15.9               65,696  9.5   62,463  8.9

02/01/05 CBT 30-DAY FEDERAL FUNDS         U.S.        2     17,450  5.7   14,527  4.7    308,831     4,563  2.0   17,608  7.7    229,622
                                          NON U.S.   12     20,300  6.6   12,350  4.0               29,250 12.7   10,450  4.6
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     14     37,750 12.3   26,877  8.7               33,813 14.7   28,058 12.3

02/01/05 NYME CRUDE OIL, LIGHT SWEET      U.S.        4     33,633  6.6   22,953  4.5    506,889    41,393  5.0   27,115  3.3    821,090
                                          NON U.S.   10     45,742  9.0   73,160 14.4               88,518 10.8   97,147 11.8
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     14     79,375 15.6   96,113 18.9              129,911 15.8  124,262 15.1

02/01/05 NYBT SUGAR NO. 11                U.S.        1          0  0.0       69  0.0    273,701         0  0.0      400  0.2    170,645
                                          NON U.S.    4      2,952  1.1    5,616  2.1                1,723  1.0    1,595  0.9
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                      5      2,952  1.1    5,685  2.1                1,723  1.0    1,995  1.1

02/01/05 CMX SILVER                       U.S.        1        150  0.2    1,071  1.7     63,471         0  0.0      700  3.1     22,515
                                          NON U.S.    6      6,504 10.2    8,395 13.2                1,715  7.6    4,010 17.8
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                      7      6,654 10.4    9,466 14.9                1,715  7.6    4,710 20.9

02/01/05 CMX GOLD                         U.S.        1     20,990  8.9   25,628 10.9    234,593    20,575 11.1   11,710  6.3    185,097
                                          NON U.S.    7     19,605  8.4   25,450 10.8               28,680 15.5   20,660 11.2
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                      8     40,595 17.3   51,078 21.7               49,255 26.6   32,370 17.5

02/01/05 CME CANADIAN DOLLAR              U.S.        3      1,204  9.4    1,814 14.2     12,780     1,551 13.4    2,276 19.6     11,595
                                          NON U.S.    3      1,087  8.5      850  6.7                  850  7.3      850  7.3
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                      6      2,291 17.9    2,664 20.9                2,401 20.7    3,126 26.9

02/01/05 CME JAPANESE YEN                 U.S.        3      2,132  5.7    1,880  5.0     37,707     2,506  8.0      902  2.9     31,278
                                          NON U.S.    2        750  2.0      800  2.1                  850  2.7      200  0.6
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                      5      2,882  7.7    2,680  7.1                3,356 10.7    1,102  3.5

02/01/05 CME EURO FX                      U.S.        4      6,292  8.8    3,340  4.7     71,330     6,025  8.9    2,861  4.2     67,407
                                          NON U.S.    8      3,366  4.7      197  0.3                5,000  7.4      886  1.3
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     12      9,658 13.5    3,537  5.0               11,025 16.3    3,747  5.5

02/01/05 CME 3-MONTH EURODOLLARS          U.S.        8    354,365  5.0  450,366  6.4  7,072,795   799,371  9.9  308,390  3.8  8,063,140
                                          NON U.S.   52    429,653  6.1  572,084  8.1              910,066 11.3  734,595  9.1
                                                   ----    ------- ----  ------- ----              ------- ----  ------- ----
                                                     60    784,018 11.1  1022450 14.5              1709437 21.2  1042985 12.9

02/01/05 CME S&P 500 STOCK INDEX          NON U.S.    5      2,464  1.5    1,979  1.2    162,378    10,674  2.4    9,834  2.2    453,340