The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $8.2 billion in Q1/18, which was $3.2 billion, or 62.8%, higher than the previous quarter.

In the report, the OCC also noted that trading revenue in Q1/18 increased by 15% compared with the $7.1 billion reported in Q1/17.

While four large banks held 89.8% of the total banking industry notional amount of derivatives, a total of 1,357 insured U.S. commercial banks and savings associations held derivatives at the end of the first quarter 2018.

Derivative contracts remained concentrated in interest rate products, which represented 76.3% of total derivative notional amounts.

The percentage of centrally cleared derivatives transactions increased slightly to 39.8% in Q1/18.