Quarterly Report on Bank Trading and Derivatives Activities

Cumulative trading revenue of U.S. commercial banks and savings associations was $15.6 billion in the first quarter of 2024. Trading revenue was $4.0 billion more, or 34.2 percent, than in the previous quarter and $2.0 billion less, or 11.1 percent, than a year earlier.

As of the first quarter of 2024:

• a total of 1,208 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 87.6 percent of the total banking industry notional amount of derivatives.
• credit exposure from derivatives increased in the first quarter of 2024 compared with the fourth quarter of 2023. Net current credit exposure increased $11.0 billion, or 4.6 percent, to $251.0 billion.
• derivative notional amounts increased in the first quarter of 2024 by $13.6 trillion, or 7.1 percent, to $206.1 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $144.4 trillion or 70.1 percent of total derivative notional amounts.

Related Data

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• Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2024 (XML)