OCC: Trading Revenue Down in Q2

Commercial banks reported total trading revenue of $6.7 billion in the second quarter of 2017, down 4.9 percent from the first quarter but up 4.5 percent from a year prior, 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 was up by $11.7 billion, or 3.3 percent, in the second quarter, the report said. The notional amount of derivatives banks held increased by 4 percent to $185.5 trillion.