RCFD8746: Gross Negative Fair Value of Foreign Exchange Derivative Contracts Held for Purposes Other Than Trading That Are Marked to Market
RCFD8746 is the call report code for gross negative fair value of foreign exchange derivative contracts held for purposes other than trading that are marked to market, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $6.25B; the median among the 29 with a nonzero amount was $7.9M. The largest value reported for Q2 2026 was $2.34B, by Bank of America, N.A.
Definition
Includes the total fair value of 'Total Gross Notional Amount Of Foreign Exchange Derivative Contracts Held For Purposes Other Than Trading: Contracts Marked To Market (8726)' with negative fair values. The total fair value is reported as an absolute value, and should not be enclosed in parentheses or a minus (-) sign is not to be used.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8746 sits on the call report
| Code | RCFD8746 (prefix RCFD, item 8746) |
|---|---|
| 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 8746 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON8746 | 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 | RCFD8746 |
|---|---|---|
| Bank of America, N.A. | Charlotte, NC | $2.34B |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $1.39B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $1.09B |
| Citibank, N.A. | Sioux Falls, SD | $574.0M |
| First Financial Bank | Cincinnati, OH | $436.9M |
| First-Citizens Bank & Trust Company | Raleigh, NC | $82.0M |
| The Bank of New York Mellon | New York, NY | $59.0M |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $57.0M |
| East West Bank | Pasadena, CA | $56.4M |
| Regions Bank | Birmingham, AL | $48.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $6.25B |
| March 31, 2026 | 80 | $6.93B |
| December 31, 2025 | 80 | $5.61B |
| September 30, 2025 | 80 | $5.36B |
| June 30, 2025 | 80 | $11.02B |
| March 31, 2025 | 82 | $7.01B |
| December 31, 2024 | 82 | $7.89B |
| September 30, 2024 | 82 | $8.27B |
Related
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