OCC: Trading income decreased in second quarter in comparison with first quarter

Commercial banks reported complete buying and selling income of $13.7 billion within the second quarter of 2023, down 22.4% from the earlier quarter however up 31.7% in contrast with the yr earlier than, in line with the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities launched right now.

A complete of 1,186 insured U.S. nationwide and state industrial banks and financial savings associations held derivatives, in line with the report. Four giant banks held 87% of the whole banking trade notional quantity of derivatives. Derivative contracts remained concentrated rate of interest merchandise, which totaled $164.1 trillion or 73.9% of complete by-product notional quantities.


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