RCFD2107: Obligations (Other Than Securities and Leases) of States and Political Subdivisions in the U.S.
RCFD2107 is the call report code for obligations (other than securities and leases) of states and political subdivisions in the u.s., reported on Schedule RC-C, Part I, Loans and Leases. For Q2 2026, 80 banks reported it, totaling $136.74B; the median among the 42 with a nonzero amount was $510.1M. The largest value reported for Q2 2026 was $29.51B, by JPMorgan Chase Bank, N.A.
Definition
Includes all obligations of states and political subdivisions in the United States (including those secured by real estate), other than leases and other those obligations reported as securities issued by such entities in 'Securities Issued by States Political Subdivision in the U.S. (8496, 8497, 8498, and 8499)' or 'Mortgage-backed securities (8500, 8501, 8502, and 8503). Excludes all such obligations held for trading. States and political subdivisions in the U.S. includes: (1) the fifty states of the United States and the District of Columbia and their counties, municipalities, school districts, irrigation districts, and drainage and sewer districts, and (2) the governments of Puerto Rico and of the U.S. territories and possessions and their political subdivisions. Industrial Development Bonds (IDBs), sometimes referred to as 'industrial revenue bonds,' are typically issued by local industrial development authorities to benefit private commercial and industrial development. For purposes of these reports, all IDBs that are rated by a nationally-recognized rating service are included in items 8496, 8497, 8498, and 8499 in Schedule RC-B, as securities issued by states and political subdivisions in the U.S. IDBs that are not rated but meet the definition of 'security' in FASB Statement No. 115 must be measured in accordance with Statement No. 115 and categorized as loans in this item unless the bank chooses to review each nonrated IDB it holds in order to determine whether its characteristics are more like those of a security or a loan. In such a case, the bank shall categorize nonrated IDBs with more of the characteristics of securities in Schedule RC-B, item 3, and nonrated IDBs with more of the characteristics of loans in this item. In addition to those IDBs that are to be categorized in this item in accordance with the preceding paragraph, also included in this item are all obligations (other than securities) of states and political subdivisions in the U.S.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD2107 sits on the call report
| Code | RCFD2107 (prefix RCFD, item 2107) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-C, Part I, Loans and Leases |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 1984 |
The same item under other prefixes
Item 2107 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON2107 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 4,297 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFD2107 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $29.51B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $18.63B |
| Bank of America, N.A. | Charlotte, NC | $17.14B |
| PNC Bank, N.A. | Wilmington, DE | $12.93B |
| Truist Bank | Charlotte, NC | $12.59B |
| Capital One, N.A. | McLean, VA | $7.49B |
| Regions Bank | Birmingham, AL | $7.38B |
| U.S. Bank N.A. | Cincinnati, OH | $7.26B |
| TD Bank, N.A. | Wilmington, DE | $4.81B |
| Manufacturers and Traders Trust Company | Buffalo, NY | $2.68B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $136.74B |
| March 31, 2026 | 80 | $135.96B |
| December 31, 2025 | 80 | $135.38B |
| September 30, 2025 | 80 | $136.81B |
| June 30, 2025 | 80 | $136.06B |
| March 31, 2025 | 82 | $135.41B |
| December 31, 2024 | 82 | $136.81B |
| September 30, 2024 | 82 | $137.90B |
Related
All codes on Schedule RC-C, Part I · All call report schedules · Find the code for a loan type · What a call report is