Key facts
- US global systemically important banks held $139.7 billion in equity securities as collateral in Q2 2026.
- Equity collateral represented 14.3% of the $977 billion total collateral for OTC derivatives.
- Equities surpassed US Treasuries as the fourth-largest OTC collateral type for the first time since 2021.
The largest US banks reported a record $139.7 billion in equity securities held as collateral against over-the-counter (OTC) derivatives in the second quarter of 2026. This figure represents 14.3% of the total $977 billion in collateral securing these contracts. For the first time since 2021, equity securities have overtaken US Treasuries, becoming the fourth-largest type of collateral used in OTC transactions.