RCFDB570: Assets Under the Reporting Bank's Management in Proprietary Mutual Funds and Annuities
RCFDB570 is the call report code for assets under the reporting bank's management in proprietary mutual funds and annuities, reported on Schedule RC-M, Memoranda. For Q2 2026, 80 banks reported it, totaling $477.93B; the median among the 7 with a nonzero amount was $10.36B. The largest value reported for Q2 2026 was $236.62B, by The Northern Trust Company.
Definition
Report the amount of assets (stated in U.S. dollars) held by mutual funds and annuities as of the report date for which the reporting bank or a subsidiary of the bank acts as investment adviser. A general description of a proprietary product is included in the instruction to Schedule RC-M, item 6. Proprietary mutual funds and annuities are typically created by large banking organizations and offered to customers of the banking organization's subsidiary banks. Therefore, small, independent banks do not normally act as investment advisers for mutual funds and annuities. If neither the bank nor any subsidiary of the bank acts as investment adviser for a mutual fund or annuity, the bank should report a zero or the word 'none' 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 RCFDB570 sits on the call report
| Code | RCFDB570 (prefix RCFD, item B570) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-M, Memoranda |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2001 |
The same item under other prefixes
Item B570 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONB570 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 936 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDB570 |
|---|---|---|
| The Northern Trust Company | Chicago, IL | $236.62B |
| U.S. Bank N.A. | Cincinnati, OH | $212.26B |
| Manufacturers and Traders Trust Company | Buffalo, NY | $15.22B |
| City National Bank | Los Angeles, CA | $10.36B |
| Citibank, N.A. | Sioux Falls, SD | $2.66B |
| Bank of Hawaii | Honolulu, HI | $653.1M |
| First Hawaiian Bank | Honolulu, HI | $165.4M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $477.93B |
| March 31, 2026 | 80 | $457.99B |
| December 31, 2025 | 80 | $436.14B |
| September 30, 2025 | 80 | $419.64B |
| June 30, 2025 | 80 | $403.40B |
| March 31, 2025 | 82 | $411.52B |
| December 31, 2024 | 82 | $406.83B |
| September 30, 2024 | 82 | $392.39B |
Related
All codes on Schedule RC-M · All call report schedules · Find the code for a loan type · What a call report is