( 4 ) cds adjustment represents credit protection purchased from european peripherals 2019 banks on european peripherals 2019 sovereign and financial institution risk .
based on the cds notional amount assuming zero recovery adjusted for any fair value receivable or payable .
( 5 ) represents cds hedges ( purchased and sold ) on net counterparty exposure and funded lending executed by trading desks responsible for hedging counterparty and lending credit risk exposures for the company .
based on the cds notional amount assuming zero recovery adjusted for any fair value receivable or payable .
( 6 ) in addition , at december 31 , 2013 , the company had european peripherals exposure for overnight deposits with banks of approximately $ 111 million .
industry exposure 2014otc derivative products .
the company also monitors its credit exposure to individual industries for current exposure arising from the company 2019s otc derivative contracts .
the following table shows the company 2019s otc derivative products by industry at december 31 , 2013 : industry otc derivative products ( 1 ) ( dollars in millions ) .

industry
otc derivative products ( 1 ) ( dollars in millions )
utilities
$ 3142
banks and securities firms
2358
funds exchanges and other financial services ( 2 )
2433
special purpose vehicles
1908
regional governments
1597
healthcare
1089
industrials
914
sovereign governments
816
not-for-profit organizations
672
insurance
538
real estate
503
consumer staples
487
other
1157
total
$ 17614

( 1 ) for further information on derivative instruments and hedging activities , see note 12 to the consolidated financial statements in item 8 .
( 2 ) includes mutual funds , pension funds , private equity and real estate funds , exchanges and clearinghouses and diversified financial services .
operational risk .
operational risk refers to the risk of loss , or of damage to the company 2019s reputation , resulting from inadequate or failed processes , people and systems or from external events ( e.g. , fraud , legal and compliance risks or damage to physical assets ) .
the company may incur operational risk across the full scope of its business activities , including revenue-generating activities ( e.g. , sales and trading ) and control groups ( e.g. , information technology and trade processing ) .
legal , regulatory and compliance risk is included in the scope of operational risk and is discussed below under 201clegal , regulatory and compliance risk . 201d the company has established an operational risk framework to identify , measure , monitor and control risk across the company .
effective operational risk management is essential to reducing the impact of operational risk incidents and mitigating legal , regulatory and reputational risks .
the framework is continually evolving to account for changes in the company and respond to the changing regulatory and business environment .
the company has implemented operational risk data and assessment systems to monitor and analyze internal and external operational risk events , business environment and internal control factors and to perform scenario analysis .
the collected data elements are incorporated in the operational risk capital model .
the model encompasses both quantitative and qualitative elements .
internal loss data and scenario analysis results are direct inputs to the capital model , while external operational incidents , business environment internal control factors and metrics are indirect inputs to the model. .

Question: did the company have more exposure to the insurance industry than the real estate industry in its derivative portfolio?
Answer: yes
Calculation: greater(538, 503)