... of derivative instruments, in particular interest -rate options, interest -rate futures, and interest -rate forwards, is associated with higher growth rates in C&I loans. 5. Robustness Check ... and James T. Moser, 2000, Interest -rate derivatives and bank lending, Journal of Banking & Finance 24, 353-379. Brewer, Elijah, III, William E. Jackson III, and James T. Moser, 1996, Alligators ... of the notional principal amount of outstanding futures to total assets for banks reporting the use of futures. 2 BANK LENDING AND INTEREST- RATE DERIVATIVES Abstract Using recent...