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OCC Reports First Quarter 2018 Bank Trading Revenue

June 21, 2018 / Source: OCC

NR 2018-66
FOR IMMEDIATE RELEASE
June 21, 2018
Contact: William Grassano
(202) 649-6870

OCC Reports First Quarter 2018 Bank Trading Revenue

WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $8.2 billion in the first quarter 2018, which was $3.2 billion, or 62.8 percent, higher than the previous quarter.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also noted that trading revenue in the first quarter 2018 increased by 15 percent compared with the $7.1 billion reported in the first quarter 2017.

The OCC reported:

  • While four large banks held 89.8 percent of the total banking industry notional amount of derivatives, a total of 1,357 insured U.S. commercial banks and savings associations held derivatives at the end of the first quarter 2018.
  • Derivative contracts remained concentrated in interest rate products, which represented 76.3 percent of total derivative notional amounts.
  • The percentage of centrally cleared derivatives transactions increased slightly to 39.8 percent in the first quarter 2018.

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