brokers Q3 hedging status

Merrill Lynch --$4 bil derivative assets (embed in contractual obligations) --$1 tril asset and $400 bil financial instruments --1%, much lower compared to BSC Goldman Sachs --87 bil derivative contracts (where credit deritive at most 36 bil) --1 tril total assets and 669 bil financial assets --at least 10% Morgan Stanley --64 bil derivative assets (credit at most 26 bil) --1.2 tril asset and 416 bil financial instrument owned --at least 10% Lehman Brother --35.7 bil derivative assets (credit NM) --660 bil and 282 bil fin instruments --at least 10%