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Fourth Quarter 2019

Quarterly Report on Bank Trading and Derivatives Activities

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Collection: 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 $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also noted that trading revenue in the fourth quarter 2019 increased by 78.5 percent compared with the $4.0 billion reported in the fourth quarter 2018.

The OCC reported:

  • While four large banks held 85.7 percent of the total banking industry notional amount of derivatives, a total of 1,324 insured U.S. commercial banks and savings associations held derivatives at the end of the fourth quarter 2019.
  • Derivative contracts remained concentrated in interest rate products, which represented 72.9 percent of total derivative notional amounts.
  • The percentage of centrally cleared derivatives transactions decreased quarter-over-quarter to 37.1 percent in the fourth quarter 2019.

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