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September 2020

Quarterly Report on Bank Trading and Derivatives Activities

Quarterly Report on Bank Trading and Derivatives Activities Cover Image

This publication is part of:

Collection: Quarterly Report on Bank Trading and Derivatives Activities

Transmittal

NR 2020-121, OCC Reports Second Quarter 2020 Bank Trading Revenue

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.