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News Release 2017-75
July 3, 2017
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WASHINGTON—Trading revenue of U.S. commercial banks and savings associations increased to $7.1 billion in the first quarter 2017, $1.5 billion, or 26 percent, higher than the first quarter a year earlier, 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 first quarter 2017 grew 18 percent compared with the $6 billion reported in the fourth quarter 2016. While there seems to be a seasonality to the revenue increase in the first quarter 2017, the largest driver of the year-over-year increase in trading revenue was interest rate and foreign exchange trading.
The OCC also reported:
William Grassano (202) 649-6870