RCFDA126: Total Gross Notional Amount of Interest Rate Derivative Contracts Held for Trading
RCFDA126 is the call report code for total gross notional amount of interest rate derivative contracts held for trading, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $199.17T; the median among the 28 with a nonzero amount was $87.71B. The largest value reported for Q2 2026 was $51.62T, by Goldman Sachs Bank USA.
Definition
Includes the total notional amount or par value of those off-balance-sheet interest rate derivative contracts reported in items 8693, 8697, 8701, 8705, 8709, 8713 and 3450 that are held for trading purposes. Contracts held for trading purposes includes those used in dealing and other trading activities accounted for at market value (or at lower of cost or market value) with gains and losses recognized in earnings. Derivative instruments used to hedge trading activities are also reported. Derivative trading activities includes (a) regularly dealing in interest rate contracts, foreign exchange contracts, equity derivative contracts, and other off-balance sheet commodity contracts, (b) acquiring or taking positions in such items principally for the purpose of selling in the near term or otherwise with the intent to resell (or repurchase) in order to profit from short-term price movements, or (c) acquiring or taking positions in such items as an accommodation to customers. The reporting entity's trading department may have entered into a derivative contract with another department or business unit within the consolidated entity (and which has been reported on a net basis in accordance with the instructions to Schedule RC-L, item 14). If the trading department has also entered into a matching contract with a counterparty outside the consolidated entity, the contract with the outside counterparty should be designated as held for trading or as held for purposes other than trading consistent with the contract's designation for other financial reporting purposes.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDA126 sits on the call report
| Code | RCFDA126 (prefix RCFD, item A126) |
|---|---|
| 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 A126 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONA126 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 1,582 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDA126 |
|---|---|---|
| Goldman Sachs Bank USA | New York, NY | $51.62T |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $44.36T |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $38.08T |
| Citibank, N.A. | Sioux Falls, SD | $35.36T |
| Bank of America, N.A. | Charlotte, NC | $15.58T |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $11.04T |
| U.S. Bank N.A. | Cincinnati, OH | $1.33T |
| PNC Bank, N.A. | Wilmington, DE | $437.97B |
| Truist Bank | Charlotte, NC | $259.69B |
| The Bank of New York Mellon | New York, NY | $230.46B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $199.17T |
| March 31, 2026 | 80 | $196.20T |
| December 31, 2025 | 80 | $129.68T |
| September 30, 2025 | 80 | $148.46T |
| June 30, 2025 | 80 | $142.72T |
| March 31, 2025 | 82 | $135.22T |
| December 31, 2024 | 82 | $120.34T |
| September 30, 2024 | 82 | $144.75T |
Related
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