Quarterly Report on Bank Trading and Derivatives Activities

The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $13.2 billion in the third quarter of 2023. The third quarter trading revenue was $470 million, or 3.4 percent, less than in the previous quarter and $474 million, or 3.7 percent, more than in the third quarter of 2022.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also reported that as of the third quarter of 2023

• a total of 1,185 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 87.8 percent of the total banking industry notional amount of derivatives.
• credit exposure from derivatives increased in the third quarter of 2023 compared with the second quarter of 2023. Net current credit exposure increased $35.0 billion, or 12.9 percent, to $308.0 billion.
• derivative notional amounts decreased in the third quarter of 2023 by $17.7 trillion, or 8.0 percent, to $204.2 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $145.8 trillion or 71.4 percent of total derivative notional amounts.

Related Data

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• Quarterly Report on Bank Trading and Derivatives Activities: Third Quarter 2023 (XML)