Quarterly Report on Bank Trading and Derivatives Activities

Cumulative trading revenue of U.S. commercial banks and savings associations was $14.8 billion in the fourth quarter of 2024. Trading revenue was $1.8 billion, or 10.6 percent, less than in the previous quarter and $3.1 billion, or 26.7 percent, more than a year earlier.

As of the fourth quarter of 2024:

• a total of 1,202 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 86.5 percent of the total banking industry notional amount of derivatives.
• initial credit exposure from derivatives before netting decreased in the fourth quarter of 2024 compared with the third quarter of 2024, while net current credit exposure increased $33 billion, or 14.1 percent, to $270 billion.
• derivative notional amounts decreased in the fourth quarter of 2024 by $32.2 trillion, or 14.7 percent, to $186.5 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $125.9 trillion or 67.5 percent of total derivative notional amounts.

Related Data

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