Key facts
- US FCMs held a record $198.7 billion in customer funds for swaps in mid-May.
- This represents a 3.7% increase from two weeks prior.
- Customer funds held for swaps have increased by 19.3% over the past year.
- Wells Fargo and Bank of America saw the sharpest upticks in customer funds.
- Barclays and BNP Paribas reached new highs in customer fund holdings.
Futures commission merchants (FCMs) in the United States are currently holding a record amount of customer funds earmarked for swaps transactions. As of mid-May, these holdings reached $198.7 billion. This represents a notable increase of 3.7% compared to the figures from two weeks earlier. On a year-over-year basis, the customer funds held for swaps have grown by 19.3%.