Quarterly Report on Bank Trading and Derivatives Activities

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $10 billion in the first quarter 2019, which was $5.9 billion, or 141 percent, more than the previous quarter.

In the report, the OCC also noted that trading revenue in the first quarter 2019 increased by 30.6 percent compared with the $7.7 billion reported in the first quarter 2018.

The OCC reported:

• While four large banks held 88.3 percent of the total banking industry notional amount of derivatives, a total of 1,318 insured U.S. commercial banks and savings associations held derivatives at the end of the first quarter 2019.
• Derivative contracts remained concentrated in interest rate products, which represented 74.1 percent of total derivative notional amounts.
• The percentage of centrally cleared derivatives transactions increased quarter-over-quarter to 42.4 percent in the first quarter 2019.

Related Data

• Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2019 (XML)