WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.8 billion in the second quarter of 2024. The second quarter trading revenue was $218 million, or 1.4 percent, more than in the previous quarter and $2.2 billion, or 16.0 percent, more than a year earlier.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also reported that as of the second quarter of 2024:

  • a total of 1,231 insured U.S. national and state commercial banks and savings associations held derivatives.
  • four large banks held 88.1 percent of the total banking industry notional amount of derivatives.
  • credit exposure from derivatives increased in the second quarter of 2024 compared with the first quarter of 2024. Net current credit exposure increased $9.0 billion, or 3.4 percent, to $260.0 billion.
  • derivative notional amounts increased in the second quarter of 2024 by $2 trillion, or 1.0 percent, to $208.1 trillion.
  • derivative contracts remained concentrated in interest rate products, which totaled $145.0 trillion or 69.7 percent of total derivative notional amounts.

Related Link

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

16 hours ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

1 day ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

2 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

3 days ago

Remarks by Assistant Secretary for Investment Security Paul Rosen at the Third Annual CFIUS Conference

As Prepared for Delivery Good afternoon.  I’d like to start by thanking our panelists today for…

3 days ago