Second Quarter 2020

Quarterly Report on Bank Trading and Derivatives Activities

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $14.7 billion in the second quarter 2020, which was $8.0 billion, or 119.3 percent, more than the previous quarter.

In the report, the OCC also noted that trading revenue in the second quarter 2020 increased by 81.5 percent compared with the $8.1 billion reported in the second quarter 2019.

The OCC reported:

  • While four large banks held 86.7 percent of the total banking industry notional amount of derivatives, a total of 1,733 insured U.S. commercial banks and savings associations held derivatives at the end of the second quarter 2020.
  • Derivative contracts remained concentrated in interest rate products, which represented 73.5 percent of total derivative notional amounts.
  • The percentage of centrally cleared derivatives transactions decreased quarter-over-quarter to 40.3 percent in the second quarter 2020.

Related Data