Big US banks cut OTC notionals by $10trn in Q3

Cleared notionals made up 54% of aggregate total notionals outstanding

The eight US global systemically important banks (G-Sibs) shrunk their over-the-counter swap portfolios by 4.3% in notional terms in the third quarter of the year. 

Citi cut its derivatives book the most, by 9% to $42.5 trillion, followed by Goldman Sachs, which reduced notionals by 8% to $43.3 trillion. 

Morgan Stanley’s notionals fell 4% to $34.9 trillion, Bank of America’s 3% to $37.4 trillion and JP Morgan’s 0.3% to $51.6 trillion.

  !function(e,i,n,s){var t="InfogramEmbeds",d=e

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here