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 $14.7 billion in the second quarter 2020, which was $8.0 billion, or 119.3 percent, more than the previous quarter.

In the report, the OCC also noted that trading revenue in the second quarter 2020 increased by 81.5 percent compared with the $8.1 billion reported in the second quarter 2019.

The OCC reported:

• While four large banks held 86.7 percent of the total banking industry notional amount of derivatives, a total of 1,733 insured U.S. commercial banks and savings associations held derivatives at the end of the second quarter 2020.
• Derivative contracts remained concentrated in interest rate products, which represented 73.5 percent of total derivative notional amounts.
• The percentage of centrally cleared derivatives transactions decreased quarter-over-quarter to 40.3 percent in the second quarter 2020.

Related Data

• Quarterly Report on Bank Trading and Derivatives Activities: Second Quarter 2020 (XML)