Quarterly Report on Bank Trading and Derivatives Activities

Cumulative trading revenue of U.S. commercial banks and savings associations of $16.6 billion in the second quarter of 2025. Trading revenue was $1.6 billion, or 10.7 percent, more than in the previous quarter and $355 million, or 2.2 percent, more than a year earlier.

As of the second quarter of 2025:

• a total of 1,217 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 87.3 percent of the total banking industry notional amount of derivatives.
• initial credit exposure from derivatives before netting increased in the second quarter of 2025 compared with the first quarter of 2025. Net current credit exposure increased $18.8 billion, or 7.6 percent, to $267.0 billion.
• derivative notional amounts increased in the second quarter of 2025 by $13.1 trillion, or 6.2 percent, to $223.5 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $148.7 trillion or 66.5 percent of total derivative notional amounts.

Related Data

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• Quarterly Report on Bank Trading and Derivatives Activities: Second Quarter 2025 (XML)