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 savings associations of $9.0 billion in the third quarter of 2020. The third quarter trading revenue was $5.7 billion, or 38.9 percent, less than the previous quarter.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC noted that trading revenue in third quarter 2020 increased by 23.5 percent compared with the $7.2 billion reported in third quarter 2019.

The OCC reported that

• while four large banks held 87.3 percent of the total banking industry notional amount of derivatives, a total of 1,371 insured U.S. commercial banks and savings associations held derivatives at the end of third quarter 2020.
• derivative contracts remained concentrated in interest rate products, which represented 72.7 percent of total derivative notional amounts.
• the percentage of centrally cleared derivatives transactions decreased quarter-over-quarter to 38.9 percent in third quarter 2020.

Related Data

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