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The PCS, the biggest participant in the walkouts, claimed support among members was "very strong".
Citigroup, the industry's biggest participant, is formulating its own workout plans.
Humana, the biggest participant in Tricare, and Aetna lost a joint bid for the north region.
That figure is roughly in line with a breakdown of expected national contributions by the European commission and would make Britain the second biggest participant after Germany.
The biggest participant is the United Way, which says that the money raised has been deemed exempt from all management expenses.
The head of investment banking, Ed Brown, said in a statement that Mr. Sandelman had turned Bank of America from "a relatively minor player" in equity derivatives to the biggest participant in the United States.
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Experts say there is limited incentive to regulate a market in which government agencies are some of the biggest participants.
Thirteen were selected, including some of the biggest participants in the current system, such as Kaiser Permanente, Health Net, and Blue Shield of California.
The nine biggest participants in the derivatives market — including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America — created a lobbying organization, the CDS Dealers Consortium, on Nov. 13, a month after five of its members accepted federal bailout money.
Mr. Rosen's confidential memo, dated Feb. 10 and obtained by The New York Times, recommended that the biggest participants in the derivatives market should continue to be overseen by the Federal Reserve Board.
Commercial banks are among the biggest participants — at the end of the third quarter of 2007, the top 25 banks held credit default swaps, both as insurers and insured, worth $14 trillion, the currency office said, up $2 trillion from the previous quarter.
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