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March 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 2023-33, OCC Reports Fourth 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 $9.6 billion in the fourth quarter of 2022. The fourth quarter trading revenue was $3.1 billion, or 24.5 percent, less than in the previous quarter and $2.4 billion, or 33.9 percent, more than in the fourth quarter of 2021.

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

  • a total of 1,139 insured U.S. national and state commercial banks and savings associations held derivatives.
  • four large banks held 88.2 percent of the total banking industry notional amount of derivatives.
  • derivative contracts remained concentrated in interest rate products, which totaled $139.8 trillion or 73.2 percent of total derivative notional amounts.

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