OCC: Bank Trading Revenues Increase in Q1

Commercial banks reported total trading revenue of $5.8 billion in the first quarter of 2016, up from $4.3 billion in the previous quarter, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today. Trading revenue increased by 35.3 percent from the fourth quarter of 2015, but was down 24.9 percent year-on-year.

The net current credit exposure increased $65.1 billion, or 16.5 percent in the first quarter, the report said. The notional amount of derivatives banks increased $12 trillion to total $192.9 trillion.

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About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and a senior editor at the American Bankers Association, where she oversees ABA Daily Newsbytes.