The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $10.6 billion in the first quarter of 2022. The first quarter trading revenue was $3.4 billion, or 47.8 percent, more than in the previous quarter and $10.0 million, or 0.1 percent, more than in the first quarter of 2021.

OCC Reports First Quarter 2022 Bank Trading Revenue https://t.co/pBugWxy4nU

— OCC (@USOCC) June 21, 2022

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also reported that as of the the first quarter of 2022:

• a total of 1,291 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 89.0 percent of the total banking industry notional amount of derivatives.
• derivative contracts remained concentrated in interest rate products, which represented 72.8 percent of total derivative notional amounts.
• the percentage of centrally cleared derivatives transactions increased quarter-over-quarter to 43.4 percent.

Related Link

• Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2022 (PDF)

Source: OCC