Quarterly Report on Bank Trading and Derivatives Activities

Cumulative trading revenue of U.S. commercial banks and savings associations was $21.6 billion in the second quarter of 2026. Trading revenue was $5.3 billion, or 32.5 percent, more than in the previous quarter and $5.1 billion, or 30.6 percent, more than a year earlier.

As of the second quarter of 2026:

• a total of 1,173 insured U.S. national and state commercial banks and savings associations held derivatives.
• four large banks held 80.2 percent of the total banking industry notional amount of derivatives.
• initial credit exposure from derivatives before netting increased in the second quarter of 2026 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 in the second quarter of 2026 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.

Related Data

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