FOR IMMEDIATE RELEASE
September 27, 2017
Contact: William Grassano
OCC Reports Second Quarter 2017 Bank Trading Revenue
WASHINGTON — Trading revenue of U.S. commercial banks and savings associations fell to $6.7 billion in the second quarter 2017, $348 million, or 4.9 percent, lower than the previous quarter, according to a report released today by the Office of the Comptroller of the Currency (OCC).
In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also noted that trading revenue in the second quarter 2017 decreased by 4.5 percent compared with the $7 billion reported in the second quarter 2016. Combined interest rate and foreign exchange (FX) revenue led the quarterly decrease, with revenue decreasing $419 million to $5.2 billion. Since dealers often use interest rate contracts to hedge exposures in FX derivatives, it is useful to view these categories collectively. The decrease in these categories was partially offset by an increase in equity trading revenue.
The OCC also reported:
# # #