The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $14.9 billion in the fourth quarter of 2025. The fourth quarter trading revenue was $2.9 billion, or 16.3 percent, less than in the previous quarter and $680 million, or 4.4 percent, less than a year earlier.
In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also reported that as of the fourth quarter of 2025:
- a total of 1,197 insured U.S. national and state commercial banks and savings associations held derivatives.
- four large banks held 85.1 percent of the total banking industry notional amount of derivatives.
- initial credit exposure from derivatives before netting decreased in the fourth quarter of 2025 compared with the third quarter of 2025. Net current credit exposure decreased $10.7 billion, or 4.2 percent, to $241 billion.
- derivative notional amounts decreased in the fourth quarter of 2025 by $23.8 trillion, or 10.3 percent, to $208.1 trillion.
- derivative contracts remained concentrated in interest rate products, which totaled $135.8 trillion or 65.3 percent of total derivative notional amounts.
