RCFD8706: Purchased Exchange-traded Foreign Exchange Option Contracts
RCFD8706 is the call report code for purchased 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 $7.17B; the median among the 4 with a nonzero amount was $1.87B. The largest value reported for Q2 2026 was $3.39B, by JPMorgan Chase 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 a fee, purchased the right to either purchase or sell under exchange-traded option contracts whose predominant risk characteristic is foreign exchange risk. In the case of option contracts giving the reporting entity the right to either purchase or sell a currency 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 RCFD8706 sits on the call report
| Code | RCFD8706 (prefix RCFD, item 8706) |
|---|---|
| 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 8706 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8706 | 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 | RCFD8706 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $3.39B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $2.74B |
| Goldman Sachs Bank USA | New York, NY | $1.00B |
| Citibank, N.A. | Sioux Falls, SD | $25.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $7.17B |
| March 31, 2026 | 80 | $5.06B |
| December 31, 2025 | 80 | $2.82B |
| September 30, 2025 | 80 | $3.90B |
| June 30, 2025 | 80 | $3.77B |
| March 31, 2025 | 82 | $1.67B |
| December 31, 2024 | 82 | $1.39B |
| September 30, 2024 | 82 | $5.20B |
Related
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