RCFDC972: Credit Derivatives: Notional Amounts-credit Options-guarantor
RCFDC972 is the call report code for credit derivatives: notional amounts-credit options-guarantor, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $354.71B; the median among the 5 with a nonzero amount was $64.83B. The largest value reported for Q2 2026 was $126.63B, by JPMorgan Chase Bank, N.A.
Definition
Report the notional amount of all credit options for which the bank is the protection seller. A credit option is a structure that allows investors to trade or hedge changes in the credit quality of the reference asset. For example, in a credit spread option, the option writer (protection seller or guarantor) assumes the obligation to purchase or sell the reference asset at a specified 'strike' spread level. The option purchaser (protection purchaser or beneficiary) buys the right to sell the reference asset to, or purchase it from, the option writer at the strike spread level.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDC972 sits on the call report
| Code | RCFDC972 (prefix RCFD, item C972) |
|---|---|
| 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 | 2006 |
The same item under other prefixes
Item C972 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONC972 | 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 | RCFDC972 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $126.63B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $97.33B |
| Bank of America, N.A. | Charlotte, NC | $64.83B |
| Citibank, N.A. | Sioux Falls, SD | $54.90B |
| Goldman Sachs Bank USA | New York, NY | $11.03B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $354.71B |
| March 31, 2026 | 80 | $438.11B |
| December 31, 2025 | 80 | $236.02B |
| September 30, 2025 | 80 | $352.81B |
| June 30, 2025 | 80 | $314.53B |
| March 31, 2025 | 82 | $263.13B |
| December 31, 2024 | 82 | $203.93B |
| September 30, 2024 | 82 | $255.58B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is