Quarterly Report on Bank Trading and Derivatives Activities: Third Quarter 2024

Cumulative trading revenue of U.S. commercial banks and savings associations was $16.5 billion in the third quarter of 2024. Trading revenue was $263 million, or 1.6 percent, more than in the previous quarter and $3.3 billion, or 25.0 percent, more than a year earlier.

As of the third quarter of 2024:

• a total of 1,225 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 88.1 percent of the total banking industry notional amount of derivatives.
• credit exposure from derivatives decreased in the third quarter of 2024 compared with the second quarter of 2024. Net current credit exposure decreased $23 billion, or 9 percent, to $237.0 billion.
• derivative notional amounts increased in the third quarter of 2024 by $10.7 trillion, or 5.2 percent, to $218.8 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $150.5 trillion or 68.8 percent of total derivative notional amounts.

Quarterly Report on Bank Trading and Derivatives Activities: Third Quarter 2024 (XML). Download the XML file and open it with Excel to view the data as tables.