RCFDB886: Investment Management Agency Accounts - Managed Assets
RCFDB886 is the call report code for investment management agency accounts - managed assets, reported on Schedule RC-T, Fiduciary and Related Services. For Q2 2026, 44 banks reported it, totaling $3.67T; the median among the 35 with a nonzero amount was $8.89B. The largest value reported for Q2 2026 was $1.14T, by State Street Bank and Trust Company.
Definition
Includes the market value for all individual and institutional investment management agency accounts that are administered within the fiduciary area of the institution. Investment management agencies are those agency accounts in which the institution has investment discretion, however, title to the assets remain with the client. Include accounts in which the institution serves as a sub-advisor. Exclude investment management agency accounts that are administered in bank subsidiaries that are SEC registered investment advisors. Include those mutual funds that are advised by the fiduciary area that is a separately identifiable department or division (as defined in section 217 of the Gramm-Leach-Bliley Act). Classes of the same mutual fund should be combined and reported as a single account. Report the total market value of assets held in managed fiduciary accounts. An account should be categorized as managed if the institution has investment discretion. Investment discretion is defined as the sole or shared authority (whether or not that authority is exercised) to determine what securities or other assets to purchase or sell on behalf of the fiduciary related account. An institution that delegates its authority over investments and an institution that receives delegated authority over investments are BOTH deemed to have investment discretion. An entire account should be reported as either managed or non-managed based on the predominant responsibility of the reporting institution.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDB886 sits on the call report
| Code | RCFDB886 (prefix RCFD, item B886) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-T, Fiduciary and Related Services |
| 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 B886 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONB886 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 427 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDB886 |
|---|---|---|
| State Street Bank and Trust Company | Boston, MA | $1.14T |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $706.39B |
| BlackRock Institutional Trust Company, N.A. | San Francisco, CA | $581.26B |
| Bank of America, N.A. | Charlotte, NC | $318.74B |
| The Northern Trust Company | Chicago, IL | $210.43B |
| PNC Bank, N.A. | Wilmington, DE | $95.03B |
| BNY Mellon, N.A. | Pittsburgh, PA | $94.75B |
| Citibank, N.A. | Sioux Falls, SD | $89.35B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $77.82B |
| U.S. Bank N.A. | Cincinnati, OH | $66.79B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 44 | $3.67T |
| March 31, 2026 | 44 | $3.32T |
| December 31, 2025 | 46 | $3.36T |
| September 30, 2025 | 42 | $3.30T |
| June 30, 2025 | 42 | $3.11T |
| March 31, 2025 | 43 | $2.92T |
| December 31, 2024 | 48 | $2.95T |
| September 30, 2024 | 44 | $2.95T |
Related
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