Quarterly Report on Bank Trading and Derivatives Activities

Cumulative trading revenue of U.S. commercial banks and savings associations was $16.3 billion in the first quarter of 2026. Trading revenue was $1.7 billion, or 11.4 percent, more than in the previous quarter and $862 million, or 5.6 percent, more than a year earlier.

As of the first quarter of 2026:

• a total of 1,192 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 79.1 percent of the total banking industry notional amount of derivatives.
• initial credit exposure from derivatives before netting increased in the first quarter of 2026 compared with the fourth quarter of 2025. Net current credit exposure increased $84.1 billion, or 34.8 percent, to $325 billion.
• derivative notional amounts increased in the first quarter of 2026 by $88.4 trillion, or 42.5 percent, to $296.5 trillion.
• derivative contracts remained concentrated in interest rate products, which totaled $203.2 trillion or 68.5 percent of total derivative notional amounts.

Related Data

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• Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2026 (XML)