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June 2023

Quarterly Report on Bank Trading and Derivatives Activities

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This publication is part of:

Collection: Quarterly Report on Bank Trading and Derivatives Activities

Transmittal

NR 2023-62, OCC Reports First Quarter 2023 Bank Trading Revenue

The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $17.6 billion in the first quarter of 2023. The first quarter trading revenue was $8.0 billion, or 83.3 percent, more than in the previous quarter and $7.0 billion, or 66.0 percent, more than in the first quarter of 2022.

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

  • a total of 1,176 insured U.S. national and state commercial banks and savings associations held derivatives.
  • four large banks held 89.0 percent of the total banking industry notional amount of derivatives.
  • derivative contracts remained concentrated in interest rate products, which totaled $160.3 trillion or 73.6 percent of total derivative notional amounts.

Download the XML file and open it with Excel to view the data as tables.