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 $13.7 billion in the second quarter of 2023. The second quarter trading revenue was $3.9 billion, or 22.4 percent, less than in the previous quarter and $3.3 billion, or 31.7 percent, more than in the second quarter of 2022.

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

• a total of 1,186 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 87.0 percent of the total banking industry notional amount of derivatives.
• credit exposure from derivatives increased in the second quarter of 2023 compared with the first quarter of 2023. Net current credit exposure increased $27.0 billion, or 10.8 percent, to $273.0 billion.
• derivative notional amounts increased in the second quarter of 2023 by $4.3 trillion, or 2.0 percent, to $221.9 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $164.1 trillion or 73.9 percent of total derivative notional amounts.

Related Data

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