RCFD8702: Written Exchange-traded Foreign Exchange Option Contracts
RCFD8702 is the call report code for written exchange-traded foreign exchange option contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $14.63B; the median among the 4 with a nonzero amount was $2.19B. The largest value reported for Q2 2026 was $10.22B, by Morgan Stanley Bank, N.A.
Definition
Includes the gross amount (stated in U.S. dollars) of foreign (non-U.S.) currency and U.S. dollar exchange that the reporting entity has, for compensation, obligated itself to either purchase or sell under exchange-traded option contracts whose predominant risk characteristic is foreign exchange risk. In the case of option contracts obligating the reporting entity to either purchase or sell a foreign exchange futures contract, the gross amount (stated in U.S. dollars) of the foreign (non-U.S.) currency underlying the futures contract is reported. Exchange-traded options on major currencies such as the Japanese Yen, British Pound Sterling and French Franc and options on futures contracts of major currencies are examples of such contracts.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8702 sits on the call report
| Code | RCFD8702 (prefix RCFD, item 8702) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-L, Derivatives and Off-Balance-Sheet Items |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 1993 |
The same item under other prefixes
Item 8702 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8702 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 935 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFD8702 |
|---|---|---|
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $10.22B |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $3.53B |
| Goldman Sachs Bank USA | New York, NY | $853.0M |
| Citibank, N.A. | Sioux Falls, SD | $24.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $14.63B |
| March 31, 2026 | 80 | $12.82B |
| December 31, 2025 | 80 | $3.60B |
| September 30, 2025 | 80 | $4.65B |
| June 30, 2025 | 80 | $3.71B |
| March 31, 2025 | 82 | $2.20B |
| December 31, 2024 | 82 | $1.55B |
| September 30, 2024 | 82 | $5.00B |
Related
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