OCC Publishes Report on Trading and Derivatives Activities of Banks

By Regulatory News

September 24, 2019

Basel III

OCC published a report on trading revenue of U.S. commercial banks and federal savings associations. The trading revenue of U.S. commercial banks and federal savings associations was USD 8.0 billion in the second quarter 2019, which was USD 2.0 billion, or 19.8%, less than that in the previous quarter. Additionally, the data reveal that derivative contracts remained concentrated in interest rate products, which represented 74.1% of total derivative notional amounts.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, OCC noted that trading revenue in the second quarter 2019 increased by 9.0% compared with the USD 7.4 billion reported in the second quarter 2018. While four large banks held 87.8% of the total banking industry notional amount of derivatives, a total of 1,340 insured U.S. commercial banks and savings associations held derivatives at the end of the second quarter 2019. The percentage of centrally cleared derivatives transactions increased quarter-over-quarter to 42.5% in the second quarter 2019.

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Keywords: Americas, US, Banking, OTC Derivatives, Interest Rate Derivatives, Derivatives Contracts, OCC

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