RCFD8714: Purchased OTC Foreign Exchange Option Contracts
RCFD8714 is the call report code for purchased otc foreign exchange option contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $4.45T; the median among the 26 with a nonzero amount was $1.14B. The largest value reported for Q2 2026 was $1.16T, by Citibank, 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 OTC option contracts whose predominant risk characteristic is foreign exchange risk.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8714 sits on the call report
| Code | RCFD8714 (prefix RCFD, item 8714) |
|---|---|
| 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 8714 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8714 | 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 | RCFD8714 |
|---|---|---|
| Citibank, N.A. | Sioux Falls, SD | $1.16T |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $1.15T |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $936.46B |
| Bank of America, N.A. | Charlotte, NC | $562.60B |
| Goldman Sachs Bank USA | New York, NY | $556.94B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $50.33B |
| HSBC Bank USA, N.A. | Tysons, VA | $22.02B |
| The Bank of New York Mellon | New York, NY | $3.92B |
| State Street Bank and Trust Company | Boston, MA | $2.32B |
| Fifth Third Bank, N.A. | Cincinnati, OH | $1.94B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $4.45T |
| March 31, 2026 | 80 | $4.71T |
| December 31, 2025 | 80 | $2.82T |
| September 30, 2025 | 80 | $3.51T |
| June 30, 2025 | 80 | $4.05T |
| March 31, 2025 | 82 | $3.82T |
| December 31, 2024 | 82 | $3.12T |
| September 30, 2024 | 82 | $3.26T |
Related
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