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OCC: Trading revenue at US banks increased 25% YOY in Q2

Trading revenue at U.S. banks and thrifts totaled $6.88billion in the second quarter, up 25.0% from a year earlier.

Trading revenue was up 19.5% from the previous quarter, the OCCreported Oct. 4, citing increases in combined interest rate and foreignexchange revenues.

The notional amount of derivatives held by banks decreasedby $3.1 trillion, or 1.6%, quarter over quarter to $189.8 trillion, driven by a$3.4 trillion decrease in interest rate notionals. The OCC saidfour banks held 91% of the notional amount of derivatives.

Net current credit exposure rose by $45.7 billion, or 9.9%,from the previous quarter to $505.7 billion.

The release added that the percentage of centrally clearedderivatives transactions rose to 39.1% in the second quarter from 36.5% in thelinked quarter.