Bank One Corporation - Page 16

                                        -105-                                         
          on all swaps which were on the books of FNBC’s Chicago office at            
          each yearend and all adjustments used to reduce FNBC’s swaps                
          income.                                                                     
               With respect to all of FNBC’s swaps which it designated as             
          interest rate swaps, 95 percent of them were plain vanilla U.S.             
          dollar denominated interest rate swaps with standardized terms.             
          The remaining 5 percent were mainly exotic swaps that included:             
          (1) Amortizing or accreting swaps; (2) constant maturing swaps              
          (i.e., an interest rate swap in which the floating rate is tied             
          to a long-term constant maturity Treasury bond yield); (3) basis            
          swaps; and (4) forward-start swaps (interest rate swaps that                
          specify a future start date).  The remaining 5 percent also                 
          included Canadian dollar denominated interest rate swaps, all of            
          which, during the relevant years, were plain vanilla.  During               
          1993, FNBC generally entered into fewer than 10 Canadian dollar             
          denominated interest rate swaps a week.                                     
               During 1990 and 1991, the counterparties to FNBC’s interest            
          rate financial derivative products were from the following                  
          categories:                                                                 
                                                  1990      1991                      
                    Bank dealers                  33%       32%                       
                    Bank end users                16        21                        
                    Corporate end users            30       26                        
                    FCC, FNBC and its branches,                                       
                    its affiliates, and its own                                       
                    subsidiaries                 21        22                         
          100       100 (rounded)                                                     






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Last modified: May 25, 2011