The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $16.6 billion in the second quarter of 2025. The second quarter trading revenue was $1.6 billion, or 10.7 percent, more than in the previous quarter and $355 million, or 2.2 percent, more than a year earlier.
In the report, Quarterly Report on Bank Trading and Derivatives Activities, the OCC also reported that as of the second quarter of 2025:
- a total of 1,217 insured U.S. national and state commercial banks and savings associations held derivatives.
- four large banks held 87.3 percent of the total banking industry notional amount of derivatives.
- initial credit exposure from derivatives before netting increased in the second quarter of 2025 compared with the first quarter of 2025. NCCE increased $18.8 billion, or 7.6 percent, to $267.0 billion.
- derivative notional amounts increased in the second quarter of 2025 by $13.1 trillion, or 6.2 percent, to $223.5 trillion.
- derivative contracts remained concentrated in interest rate products, which totaled $148.7 trillion or 66.5 percent of total derivative notional amounts.
