Trading revenue was up 10.7% at the nation’s banks at midyear, or $1.6 billion, outdistancing growth from a year before, the national bank regulator said Thursday.
In its Quarterly Report on Bank Trading and Derivatives Activities, the Office of the Comptroller of the Currency (OCC) said the cumulative trading revenue of U.S. commercial banks and savings associations of $16.6 billion at the end of the second quarter. The agency said the revenue was 2.2% ($355 million) from a year ago.
As is typically reported, the OCC said a small numer of large banks – four – hold the vast majority – 87.3% — of the total banking industry notional amount of derivatives. However, 1,217 insured U.S. national and state commercial banks and savings associations do held derivatives, the agency said.
The OCC also reported:
- 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%, to $267.0 billion.
- derivative notional amounts increased in the second quarter of 2025 by $13.1 trillion, or 6.2%, to $223.5 trillion.
- derivative contracts remained concentrated in interest rate products, which totaled $148.7 trillion or 66.5% of total derivative notional amounts.
OCC Reports Second Quarter 2025 Bank Trading Revenue
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