Data for JRFM publication

Financial industries are the most important users of derivatives. Thus, derivative accounting should be of economic significance to bank holding companies. Moreover, bank holding companies are required by law to provide detailed information on derivative holdings in a uniform format through regulatory filing (Quarterly FR-Y9C reports filed with the Federal Reserve Bank). The sample used in this study covers bank holding companies during the period from 2001 through 2005. The sample period is restricted up to 2005 because the key variable in this study that captures the hedging derivatives’ impact on income was only included in the FR-Y9C reports during this period. Bank holding companies in my sample must meet the following criteria: (1) quarterly financial statement data are available through COMPUSTAT, (2) stock return data are available through CRSP, and (3) the bank holding company filed FR-Y9C reports with the Federal Reserve Bank during the sample period, (4) This selection procedure yields a final sample of 168 unique bank holding companies

金融行业是衍生品的最主要使用者。因此，衍生品会计对银行控股公司而言具有经济上的重要意义。此外，银行控股公司根据法律规定，需以统一格式通过监管申报（向联邦储备银行提交的季度FR-Y9C报告）提供有关衍生品持有的详细信息。本研究中使用的样本涵盖了2001年至2005年期间的银行控股公司。样本期间被限制在2005年之前，因为本研究中用以捕捉对冲衍生品对收入影响的关键变量，仅在2005年期间的FR-Y9C报告中包含。我所选取的样本中的银行控股公司必须满足以下条件：（1）通过COMPUSTAT可以获得季度财务报表数据，（2）通过CRSP可以获得股票回报率数据，（3）在样本期间，银行控股公司向联邦储备银行提交了FR-Y9C报告，（4）此选择程序最终得出一个包含168家独特银行控股公司的样本。