RCFD8705: Purchased Exchange-traded Interest Rate Option Contracts
RCFD8705 is the call report code for purchased exchange-traded interest rate option contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $1.25T; the median among the 11 with a nonzero amount was $85.37B. The largest value reported for Q2 2026 was $330.04B, by JPMorgan Chase Bank, N.A.
Definition
Purchased options. Reported is the aggregate par value of the financial instruments or commodities that the reporting bank has, for a fee or premium, purchased the right to either purchase or sell under exchange-traded option contracts that are outstanding as of the report date.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8705 sits on the call report
| Code | RCFD8705 (prefix RCFD, item 8705) |
|---|---|
| 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 8705 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8705 | 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 | RCFD8705 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $330.04B |
| Goldman Sachs Bank USA | New York, NY | $322.39B |
| Citibank, N.A. | Sioux Falls, SD | $249.87B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $112.23B |
| U.S. Bank N.A. | Cincinnati, OH | $94.42B |
| Bank of America, N.A. | Charlotte, NC | $85.37B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $53.35B |
| PNC Bank, N.A. | Wilmington, DE | $4.00B |
| Truist Bank | Charlotte, NC | $895.0M |
| Fifth Third Bank, N.A. | Cincinnati, OH | $165.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $1.25T |
| March 31, 2026 | 80 | $1.32T |
| December 31, 2025 | 80 | $1.08T |
| September 30, 2025 | 80 | $1.34T |
| June 30, 2025 | 80 | $1.02T |
| March 31, 2025 | 82 | $983.08B |
| December 31, 2024 | 82 | $1.15T |
| September 30, 2024 | 82 | $1.77T |
Related
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