$15.0 billion in the first quarter of 2025 was the cumulative trading revenue for U.S. banks and savings associations, the national bank regulator said Monday, which was down from the previous quarter.
According to the Office of the Comptroller of the Currency (OCC), first quarter 2025 trading revenue was down 2.7% (408 million) from the fourth quarter 2024. The trading revenue was also down compared to a year earlier, the OCC said, by 1.9% ($297 million).
The OCC also reported that:
- While 1,213 insured U.S. national and state commercial banks and savings associations held derivatives, four large banks held 87.1% of the total banking industry notional amount of derivatives.
- Initial credit exposure from derivatives before netting decreased in the first quarter of 2025 compared with the fourth quarter of 2024. NCCE decreased $21.3 billion, or 7.9%, to $249.0 billion.
- Derivative notional amounts increased in the first quarter of 2025 by $23.9 trillion, or 12.8%, to $210.4 trillion.
- Derivative contracts remained concentrated in interest rate products, which totaled $141.0 trillion or 67% of total derivative notional amounts.
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