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December 2022

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 2022-148, OCC Reports Third Quarter 2022 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 $12.7 billion in the third quarter of 2022. The third quarter trading revenue was $2.4 billion, or 22.9 percent, more than in the previous quarter and $5.8 billion, or 84.1 percent, more than in the third quarter of 2021.

In the report,Quarterly Report on Bank Trading and Derivatives Activities, the OCC also reported that as of the third quarter of 2022:

  • a total of 1,211 insured U.S. national and state commercial banks and savings associations held derivatives.
  • four large banks held 88.6 percent of the total banking industry notional amount of derivatives.
  • derivative contracts remained concentrated in interest rate products, which represented 72.8 percent of total derivative notional amounts.
  • the percentage of centrally cleared derivatives transactions decreased quarter-over-quarter to 41.7 percent.

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