The Office of the Comptroller of the Currency published its Quarterly Report on Bank Trading and Derivatives Activities for the first quarter of 2025, reporting cumulative trading revenue of USD 15.0 billion across U.S. commercial banks and savings associations. Trading revenue was 2.7% (USD 408 million) lower than the previous quarter and 1.9% (USD 297 million) lower than a year earlier. As of the first quarter, 1,213 insured U.S. national and state commercial banks and savings associations held derivatives, and four large banks accounted for 87.1% of the banking industry’s total derivatives notional amount. Initial credit exposure from derivatives before netting decreased quarter on quarter, with NCCE down USD 21.3 billion (7.9%) to USD 249.0 billion, while derivative notional amounts rose USD 23.9 trillion (12.8%) to USD 210.4 trillion. Interest rate products remained the largest category at USD 141.0 trillion, representing 67.0% of total derivatives notional.
Office of the Comptroller of the Currency 2025-06-23
Office of the Comptroller of the Currency reports USD 15.0 billion first-quarter 2025 bank trading revenue and derivatives notional rising to USD 210.4 trillion
The Office of the Comptroller of the Currency released its Quarterly Report on Bank Trading and Derivatives Activities for Q1 2025, noting a trading revenue of USD 15.0 billion, down 2.7% from the previous quarter. Four large banks held 87.1% of the industry's derivatives notional amount, which increased by USD 23.9 trillion to USD 210.4 trillion. Interest rate products dominated, accounting for 67.0% of total derivatives notional.