OCC: Trading Revenue Jumps Year-on-Year

Commercial banks reported total trading revenue of $6 billion in the final quarter of 2016, down 6.8 percent from the third quarter but up 40 percent from the fourth quarter of 2015, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today. The quarter-on-quarter decline reflects a persistent seasonal trend.

The net current credit exposure dropped by $79.6 billion, or 16.5 percent, in the fourth quarter, the report said. The notional amount of derivatives banks held fell by 6.9 percent to $165.2 trillion.