Quarterly Report on Bank Trading and Derivatives Activities

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $10.5 billion in the first quarter of 2021. The first quarter trading revenue was $4.2 billion, or 65.9 percent, more than the previous quarter.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC noted that trading revenue in first quarter 2021 increased by 56.6 percent compared with the $6.7 billion reported in first quarter 2020.

The OCC reported that

• while four large banks held 89 percent of the total banking industry notional amount of derivatives, a total of 1,385 insured U.S. commercial banks and savings associations held derivatives at the end of first quarter 2021.
• derivative contracts remained concentrated in interest rate products, which represented 72.7 percent of total derivative notional amounts.
• the percentage of centrally cleared derivatives transactions increased quarter-over-quarter to 38.2 percent in first quarter 2021.

Related Data

• Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2021 (XML).
  Download the XML file and open it with Excel to view the data as tables.