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 $10.6 billion in the first quarter of 2022. The first quarter trading revenue was $3.4 billion, or 47.8 percent, more than in the previous quarter and $10.0 million, or 0.1 percent, more than in the first quarter of 2021.

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

• a total of 1,291 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 89.0 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 increased quarter-over-quarter to 43.4 percent.

Related Data

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• Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2022 (XML)