The Office of the Comptroller of the Currency reported cumulative trading revenue of $21.6 billion for U.S. commercial banks and savings associations in the second quarter of 2026.
Second-quarter trading revenue rose $5.3 billion, or 32.5 percent, from the previous quarter and $5.1 billion, or 30.6 percent, from a year earlier, according to the agency's Quarterly Report on Bank Trading and Derivatives Activities.
As of the second quarter, 1,173 insured U.S. national and state commercial banks and savings associations held derivatives, and four large banks held 80.2 percent of the total banking industry notional amount of derivatives.
Initial credit exposure from derivatives before netting increased by $106 billion, or 3.6 percent, to $3.1 trillion, while net current credit exposure decreased by $34.3 billion, or 10.6 percent, to $291 billion.
Derivative notional amounts increased by $4 trillion, or 1.3 percent, to $300.5 trillion. Derivative contracts remained concentrated in interest rate products, which totaled $205.9 trillion, or 68.5 percent of total derivative notional amounts.
The OCC charters, regulates, and supervises national banks and federal savings associations, ensuring they operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.