OCC: Bank Trading Revenues Fell in Q3

Commercial banks reported total trading revenue of $6.4 billion in the third quarter of 2016, down from $7 billion in the previous quarter, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today. Trading revenue decreased 9 percent from the second quarter of 2016, largely due to a decline in combined interest rate and foreign exchange revenue, the OCC said. Despite this decrease, however, trading revenue was up 20 percent year-on-year.

The net current credit exposure decreased $24 billion, or 4.7 percent in the third quarter, the report said. The notional amount of derivatives held by banks decreased $12.4 trillion to total 177.5 trillion.


About Author

Monica C. Meinert

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