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News Release 2016-76
June 30, 2016
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WASHINGTON—Trading revenue of U.S. commercial banks and savings associations rose to $5.8 billion in the first quarter of 2016 from $4.3 billion in the previous quarter, according to a report released today by the Office of the Comptroller of the Currency (OCC).
The OCC's Quarterly Report on Bank Trading and Derivatives Activities for the first quarter of 2016 showed trading revenue increased by 35.3 percent from the fourth quarter of 2015 but decreased by 24.9 percent from a year ago. The increase in the first quarter reflects an increase in both combined interest rate and foreign exchange revenue, and credit revenue.
The report also shows that the notional amount of derivatives held by insured U.S. commercial banks increased $12 trillion during the first quarter to $192.9 trillion. This increase results primarily from growth in interest rate notionals.
The OCC also reported:
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