The Office of the Comptroller of the Currency published its Quarterly Report on Bank Trading and Derivatives Activities for the fourth quarter of 2025, reporting USD 2.9 billion of trading revenue for the quarter and cumulative trading revenue of USD 14.9 billion for U.S. commercial banks and savings associations. Fourth quarter trading revenue was down USD 2.9 billion or 16.3 percent from the prior quarter and down USD 680 million or 4.4 percent from a year earlier. As of the fourth quarter of 2025, 1,197 insured U.S. national and state commercial banks and savings associations held derivatives, with four large banks accounting for 85.1 percent of the industry’s total notional amount. Total derivatives notional decreased by USD 23.8 trillion or 10.3 percent to USD 208.1 trillion, remaining concentrated in interest rate products at USD 135.8 trillion or 65.3 percent of notional. Credit exposure measures also declined, with net current credit exposure down USD 10.7 billion or 4.2 percent to USD 241 billion and initial credit exposure before netting lower than in the third quarter.
Office of the Comptroller of the Currency 2026-03-31
Office of the Comptroller of the Currency reports Q4 2025 bank trading revenue down 16.3% quarter on quarter and derivatives notional falling to USD 208.1 trillion
The Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for Q4 2025 showed USD 2.9 billion in trading revenue for the quarter and USD 14.9 billion for the year, with quarterly revenue down 16.3 percent from Q3 and 4.4 percent year-on-year. At quarter-end, 1,197 insured U.S. commercial banks and savings associations held derivatives, with four large banks accounting for 85.1 percent of the USD 208.1 trillion total notional, down 10.3 percent and still concentrated in interest rate products. Net current credit exposure fell 4.2 percent to USD 241 billion.