RCFDA589: Interest Rate Swaps Where the Bank Has Agreed to Pay a Fixed Rate
RCFDA589 is the call report code for interest rate swaps where the bank has agreed to pay a fixed rate, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $1.84T; the median among the 48 with a nonzero amount was $6.00B. The largest value reported for Q2 2026 was $562.01B, by Bank of America, N.A.
Definition
Includes the notional amount of all outstanding interest rate swaps included in Schedule RC-L, items 8725 and 8729, on which the reporting bank is obligated to pay a fixed rate. The interest rate swaps that are reported in this item will also have been reported in Schedule RC-L, item 3450. Interest rate swaps that are held for trading should not be reported in this item.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDA589 sits on the call report
| Code | RCFDA589 (prefix RCFD, item A589) |
|---|---|
| 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 | 1997 |
The same item under other prefixes
Item A589 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONA589 | 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 | RCFDA589 |
|---|---|---|
| Bank of America, N.A. | Charlotte, NC | $562.01B |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $409.59B |
| TD Bank, N.A. | Wilmington, DE | $148.06B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $114.20B |
| The Bank of New York Mellon | New York, NY | $88.91B |
| PNC Bank, N.A. | Wilmington, DE | $74.06B |
| Goldman Sachs Bank USA | New York, NY | $55.54B |
| Regions Bank | Birmingham, AL | $46.44B |
| State Street Bank and Trust Company | Boston, MA | $37.59B |
| Truist Bank | Charlotte, NC | $30.85B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $1.84T |
| March 31, 2026 | 80 | $1.80T |
| December 31, 2025 | 80 | $1.77T |
| September 30, 2025 | 80 | $1.81T |
| June 30, 2025 | 80 | $1.77T |
| March 31, 2025 | 82 | $1.71T |
| December 31, 2024 | 82 | $1.62T |
| September 30, 2024 | 82 | $1.67T |
Related
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