OCC Reports Second Quarter 2023 Bank Trading Revenue
WASHINGTONâThe Office of the Comptroller of the Currency (OCC)
reported cumulative trading revenue of U. S. commercial banks and
savings associations of $13. 7 billion in the second quarter of 2023.
The second quarter trading revenue was $3. 9 billion, or 22. 4
percent, less than in the previous quarter and $3. 3 billion, or 31. 7
percent, more than in the second quarter of 2022.
In the
report, Quarterly Report on Bank Trading and Derivatives Activities,
the OCC also reported that as of the second quarter of 2023 a total
of 1,186 insured U. S. national and state commercial banks and savings
associations held derivatives. four large banks held 87. 0 percent of
the total banking industry notional amount of derivatives. credit
exposure from derivatives increased in the second quarter of 2023
compared with the first quarter of 2023. Net current credit exposure
increased $27. 0 billion, or 10. 8 percent, to $273. 0 billion.
derivative notional amounts increased in the second quarter of 2023 by
$4. 3 trillion, or 2. 0 percent, to $221. 9 trillion. derivative
contracts remained concentrated in interest rate products, which
totaled $164. 1 trillion or 73. 9 percent of total derivative notional
amounts. Related Link