OCC’s Quarterly Report on Bank Trading and Derivatives Activities
First Quarter 2010

• “The notional value of derivatives held by U.S. commercial banks increased $3.6 trillion in the first quarter, or 1.7%, to $216.5 trillion.
• U.S. commercial banks reported trading revenues of $8.3 billion in the first quarter, 15% lower than $9.8 billion of revenue in the first quarter of 2009.
• Credit exposure from derivatives continues to decline. Net current credit exposure decreased 10%, or $40 billion, to $359 billion. Net current credit exposure dropped 50% during 2009.
• Derivative contracts remain concentrated in interest rate products, which comprise 84% of total derivative notional values. The notional value of credit derivative contracts, at $14.4 trillion, represents 7% of total notionals. Credit derivatives increased by 2.3% during the quarter.”
• Related postings on financial system
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