News Release 2021-70 | June 28, 2021

WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $10.5 billion in the first quarter of 2021. The first quarter trading revenue was $4.2 billion, or 65.9 percent, more than the previous quarter.

In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC noted that trading revenue in first quarter 2021 increased by 56.6 percent compared with the $6.7 billion reported in first quarter 2020.

The OCC reported that

  • while four large banks held 89 percent of the total banking industry notional amount of derivatives, a total of 1,385 insured U.S. commercial banks and savings associations held derivatives at the end of first quarter 2021.
  • derivative contracts remained concentrated in interest rate products, which represented 72.7 percent of total derivative notional amounts.
  • the percentage of centrally cleared derivatives transactions increased quarter-over-quarter to 38.2 percent in first quarter 2021.

Related Link

Media Contact

Stephanie Collins
(202) 649-6870




Source link

Author: Editor
Editor represents multiple online news sites, including STL.News, RSSNews.Press and more. We believe that our "direct source news" concept helps provide accurate information to the public without bias. We want to help improve technology so the news is presented as it was intended to be.