RCFD8720: Commodity and Other Swaps
RCFD8720 is the call report code for commodity and other swaps, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $599.80B; the median among the 19 with a nonzero amount was $9.48B. The largest value reported for Q2 2026 was $239.05B, by JPMorgan Chase Bank, N.A.
Definition
Includes the notional principal amount of all other swap agreements that are not reportable as either interest rate, foreign exchange, or equity derivative contracts in items 3450, 3826 or 8719. The notional amount reported for commodity contracts with multiple exchanges of principal is the contractual amount multiplied by the number of remaining payments (or exchanges of principal) in the contract.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8720 sits on the call report
| Code | RCFD8720 (prefix RCFD, item 8720) |
|---|---|
| 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 8720 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8720 | 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 | RCFD8720 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $239.05B |
| Citibank, N.A. | Sioux Falls, SD | $92.21B |
| Bank of America, N.A. | Charlotte, NC | $70.78B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $46.04B |
| U.S. Bank N.A. | Cincinnati, OH | $39.59B |
| Goldman Sachs Bank USA | New York, NY | $32.72B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $21.81B |
| Fifth Third Bank, N.A. | Cincinnati, OH | $15.34B |
| Capital One, N.A. | McLean, VA | $11.21B |
| Citizens Bank, N.A. | Providence, RI | $9.48B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $599.80B |
| March 31, 2026 | 80 | $630.18B |
| December 31, 2025 | 80 | $525.48B |
| September 30, 2025 | 80 | $509.61B |
| June 30, 2025 | 80 | $478.33B |
| March 31, 2025 | 82 | $477.13B |
| December 31, 2024 | 82 | $423.48B |
| September 30, 2024 | 82 | $408.77B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is