Trading revenue at banks and thrifts fell in the fourth quarter because of weak demand as well as seasonal patterns, the Office of the Comptroller of the Currency said Friday.

Trading revenue dipped to $2.9 billion — down 34% from the third quarter and 32% from the fourth quarter of 2012, the agency said in a report. While the OCC had predicted the decline from the third quarter based on seasonal factors, softening demand was the main reason for the year-over-year decrease.

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