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 $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.

Related Data

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