RCFD8765: Spot Foreign Exchange Contracts
RCFD8765 is the call report code for spot foreign exchange contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $4.88T; the median among the 36 with a nonzero amount was $391.9M. The largest value reported for Q2 2026 was $1.39T, by Goldman Sachs Bank USA.
Definition
Includes the gross amount (stated in U.S. dollars) of all spot contracts committing the reporting entity to purchase foreign (non-U.S.) currencies and U.S. dollar exchange that are outstanding as of the report date. All transactions within the consolidated entity are reported on a net basis. A spot contract is an agreement for the immediate delivery, usually within two business days, of a foreign currency at the prevailing cash market rate. Spot contracts are considered outstanding (i.e., open) until they have been cancelled by acquisition or delivery of the underlying currencies. Only one side of a spot foreign exchange contract is reported. In those transactions where foreign (non-U.S.) currencies are bought or sold against U.S. dollars, only that side of the transaction that involves the foreign (non-U.S.) currency is reported. For example, if the reporting entity enters into a spot contract which obligates the entity to purchase U.S. dollar exchange against which it sells deutsche marks, then the entity would report (in U.S. dollar equivalent values) the amount of deutsche marks sold in this item. In cross-currency spot foreign exchange transactions, which involves the purchase and sale of two non-U.S. currencies, only the purchase side is reported (in U.S. dollar equivalent values).
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD8765 sits on the call report
| Code | RCFD8765 (prefix RCFD, item 8765) |
|---|---|
| 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 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFD8765 |
|---|---|---|
| Goldman Sachs Bank USA | New York, NY | $1.39T |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $1.35T |
| Citibank, N.A. | Sioux Falls, SD | $643.24B |
| Bank of America, N.A. | Charlotte, NC | $629.95B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $394.87B |
| The Bank of New York Mellon | New York, NY | $171.87B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $116.23B |
| State Street Bank and Trust Company | Boston, MA | $97.24B |
| HSBC Bank USA, N.A. | Tysons, VA | $51.85B |
| The Northern Trust Company | Chicago, IL | $23.54B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $4.88T |
| March 31, 2026 | 80 | $5.01T |
| December 31, 2025 | 80 | $3.11T |
| September 30, 2025 | 80 | $3.59T |
| June 30, 2025 | 80 | $3.52T |
| March 31, 2025 | 82 | $3.40T |
| December 31, 2024 | 82 | $2.40T |
| September 30, 2024 | 82 | $3.74T |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is