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News Release 2016-38
March 30, 2016
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WASHINGTON—Trading revenue of U.S. commercial banks and savings associations fell to $4.3 billion in the fourth quarter of 2015 down from $5.3 billion in the previous quarter, according to a report released today by the Office of the Comptroller of the Currency (OCC).
The revenue declined by 20 percent from the third quarter and by 4 percent from a year ago, according to data presented in the OCC's Quarterly Report on Bank Trading and Derivatives Activities for the fourth quarter of 2015. The decline in the fourth quarter reflects a strong seasonal trend in trading revenue.
The report also shows that the notional amount of derivatives held by insured U.S. commercial banks declined $11 trillion during the fourth quarter to $181 trillion. The decline results from industry efforts to eliminate offsetting trades, an activity known as trade compression, rather than a significant reduction in the volume of trading activity.
The OCC also reported:
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