Key facts
- US FCMs held a record $198.7 billion in customer funds for swaps in mid-May.
- This is the highest level recorded since 2012.
- Customer funds increased by 3.7% in the two weeks leading up to mid-May.
- Year-over-year, customer funds for swaps are up 19.3%.
- Wells Fargo and Bank of America saw significant increases in their held funds.
- Barclays and BNP Paribas achieved new record highs for customer funds.
US futures commission merchants (FCMs) reported a record $198.7 billion in customer funds for swaps transactions as of mid-May. This figure represents the highest level recorded since data collection began in 2012.
The total amount of customer funds held by FCMs for swaps saw a 3.7% increase in the two weeks preceding mid-May. On an annual basis, this represents a substantial 19.3% rise in customer funds.
Among the FCMs, Wells Fargo and Bank of America experienced the most significant increases in the customer funds they hold for swaps. Additionally, Barclays and BNP Paribas both reached new record highs for their respective customer fund balances in this category.