The Office of the Comptroller of the Currency (OCC) announced that U.S. commercial banks and savings associations generated $16.3 billion in cumulative trading revenue during the first quarter of 2026. This figure represents an increase of $1.7 billion, or 11.4 percent, from the previous quarter, and $862 million, or 5.6 percent, compared to the same period a year earlier.
The OCC's Quarterly Report on Bank Trading and Derivatives Activities also revealed that 1,192 insured U.S. national and state commercial banks and savings associations held derivatives as of Q1 2026. A significant concentration was noted, with four large banks accounting for 79.1 percent of the total banking industry's notional amount of derivatives.
Furthermore, the report indicated a rise in derivative activity. Initial credit exposure from derivatives before netting increased, and net current credit exposure grew by $84.1 billion, or 34.8 percent, reaching $325 billion. Total derivative notional amounts surged by $88.4 trillion, or 42.5 percent, to $296.5 trillion, with interest rate products comprising the majority at $203.2 trillion, or 68.5 percent of the total.