RCFD8713: Purchased OTC Interest Rate Option Contracts
RCFD8713 is the call report code for purchased otc interest rate option contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $18.20T; the median among the 39 with a nonzero amount was $3.61B. The largest value reported for Q2 2026 was $4.80T, by Goldman Sachs Bank USA.
Definition
Interest rate options includes options to purchase and sell interest-bearing financial instruments and whose predominant risk characteristic is interest rate risk as well as contracts known as caps, floors, collars, corridors, and swaptions. Included is the notional principal amount for interest rate caps and floors that the reporting entity purchases. For interest rate collars and corridors, a notional amount for the written portion of the contract is reported in item 8709 and the purchased portion of the contract is reported in this item. Purchased options. Reported is the aggregate par value of the financial instruments or commodities that the reporting entity has, for a fee or premium, purchased the right to either purchase or sell under OTC option contracts that are outstanding as of the report date. Also reported is an aggregate notional amount for purchased caps, floors, and swaptions and for the purchased portion of collars and corridors.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8713 sits on the call report
| Code | RCFD8713 (prefix RCFD, item 8713) |
|---|---|
| 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 8713 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8713 | 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 | RCFD8713 |
|---|---|---|
| Goldman Sachs Bank USA | New York, NY | $4.80T |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $3.86T |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $3.46T |
| Citibank, N.A. | Sioux Falls, SD | $2.90T |
| Bank of America, N.A. | Charlotte, NC | $1.81T |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $1.06T |
| U.S. Bank N.A. | Cincinnati, OH | $96.98B |
| Capital One, N.A. | McLean, VA | $45.38B |
| The Bank of New York Mellon | New York, NY | $30.89B |
| Citizens Bank, N.A. | Providence, RI | $25.28B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $18.20T |
| March 31, 2026 | 80 | $18.33T |
| December 31, 2025 | 80 | $13.78T |
| September 30, 2025 | 80 | $14.17T |
| June 30, 2025 | 80 | $13.91T |
| March 31, 2025 | 82 | $13.37T |
| December 31, 2024 | 82 | $12.91T |
| September 30, 2024 | 82 | $13.49T |
Related
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