RCFDC978: Standby Letters of Credit Issued by a Federal Home Loan Bank on the Bank's Behalf
RCFDC978 is the call report code for standby letters of credit issued by a federal home loan bank on the bank's behalf, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 80 banks reported it, totaling $42.19B; the median among the 7 with a nonzero amount was $5.24B. The largest value reported for Q2 2026 was $15.40B, by Manufacturers and Traders Trust Company.
Definition
Report all significant types of off-balance sheet liabilities not covered in other items of this schedule. Standby letters of credit issued by a Federal Home Loan Bank on behalf of the reporting bank, which is the account party on the letters of credit and therefore is obligated to reimburse the issuing Federal Home Loan Bank for all payments made under the standby letters of credit. (Report the amount of these standby letters of credit in Schedule RC-L, item 9.c, if this amount exceeds 25 percent of the bank's total equity capital reported in Schedule RC, item 27.a.)
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDC978 sits on the call report
| Code | RCFDC978 (prefix RCFD, item C978) |
|---|---|
| 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 C978 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONC978 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 4,217 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDC978 |
|---|---|---|
| Manufacturers and Traders Trust Company | Buffalo, NY | $15.40B |
| TD Bank, N.A. | Wilmington, DE | $14.22B |
| East West Bank | Pasadena, CA | $5.90B |
| Citizens Bank, N.A. | Providence, RI | $5.24B |
| Cathay Bank | Los Angeles, CA | $865.9M |
| Falcon International Bank | Laredo, TX | $330.0M |
| United Fidelity Bank, FSB | Evansville, IN | $229.1M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $42.19B |
| March 31, 2026 | 80 | $40.35B |
| December 31, 2025 | 80 | $47.05B |
| September 30, 2025 | 80 | $46.64B |
| June 30, 2025 | 80 | $48.12B |
| March 31, 2025 | 82 | $48.47B |
| December 31, 2024 | 82 | $47.29B |
| September 30, 2024 | 82 | $62.83B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is