RCFD2148: Net Deferred Tax Assets
RCFD2148 is the call report code for net deferred tax assets, reported on Schedule RC-F, Other Assets. For Q2 2026, 80 banks reported it, totaling $65.25B; the median among the 70 with a nonzero amount was $206.7M. The largest value reported for Q2 2026 was $16.61B, by Citibank, N.A.
Definition
Includes the net amount after offsetting deferred tax assets (net of valuation allowance) and deferred tax liabilities measured at the report date for a particular tax jurisdiction if the net result is a debit balance. If the result for a particular tax jurisdiction is a net credit balance, the amount is reported in 'Net Deferred Tax Liabilities (3049)' (reported in Schedule RC-G in the FFIEC 031-034 reports). If the result for each tax jurisdiction is a net credit balance, a zero or the word 'none' is entered in this item. (A bank may report a net deferred tax debit, or asset, for one tax jurisdiction, such as for federal income tax purposes, and also report at the same time a net deferred tax credit, or liability, for another tax jurisdiction, such as for state or local income tax purposes).
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD2148 sits on the call report
| Code | RCFD2148 (prefix RCFD, item 2148) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-F, Other Assets |
| 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 2148 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON2148 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 4,217 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFD2148 |
|---|---|---|
| Citibank, N.A. | Sioux Falls, SD | $16.61B |
| Capital One, N.A. | McLean, VA | $6.88B |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $4.82B |
| U.S. Bank N.A. | Cincinnati, OH | $4.44B |
| Charles Schwab Bank, SSB | Westlake, TX | $2.90B |
| Synchrony Bank | Draper, UT | $2.49B |
| USAA Federal Savings Bank | Phoenix, AZ | $2.03B |
| TD Bank, N.A. | Wilmington, DE | $1.98B |
| BMO Bank N.A. | Chicago, IL | $1.86B |
| Truist Bank | Charlotte, NC | $1.78B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $65.25B |
| March 31, 2026 | 80 | $64.31B |
| December 31, 2025 | 80 | $63.58B |
| September 30, 2025 | 80 | $66.56B |
| June 30, 2025 | 80 | $75.68B |
| March 31, 2025 | 82 | $78.15B |
| December 31, 2024 | 82 | $85.07B |
| September 30, 2024 | 82 | $78.63B |
Related
All codes on Schedule RC-F · All call report schedules · Find the code for a loan type · What a call report is