U.S. banks hold a staggering $192.46 trillion in derivative notional, with just four banks dominating 87.4%

U.S. Banks ended fiscal 2023 with $192.46 Trillion in derivative notional on the books.

Out of the 1,185 banks reporting, just four of them hold 87.4% ($168.26T) of these open contracts:

JPM Chase, BofA, Goldman, & Citi 🏦 pic.twitter.com/61lqLghwPd

— M.B. (@741trey) April 18, 2024