RCFDG402: Notional Amounts by Regulatory Capital Treatment: Positions Covered Under the Market Risk Rule: Purchased Protection
RCFDG402 is the call report code for notional amounts by regulatory capital treatment: positions covered under the market risk rule: purchased protection, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 7.c.(1)(b)). For Q2 2026, 80 banks reported it, totaling $2.81T; the median among the 10 with a nonzero amount was $214.99B. The largest value reported for Q2 2026 was $810.29B, by JPMorgan Chase Bank, N.A.
Definition
For those credit derivatives that are covered positions under the Market Risk Rule, report the notional amount of credit derivative contracts where the bank is the protection purchaser (beneficiary).
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDG402 sits on the call report
| Code | RCFDG402 (prefix RCFD, item G402) |
|---|---|
| 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 |
| Line item | FFIEC 031 Schedule RC-L, item 7.c.(1)(b); FFIEC 041 Schedule RC-L, item 7.c.(1)(b) |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2009 |
The same item under other prefixes
Item G402 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONG402 | 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 | RCFDG402 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $810.29B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $616.64B |
| Citibank, N.A. | Sioux Falls, SD | $541.36B |
| Goldman Sachs Bank USA | New York, NY | $401.04B |
| Bank of America, N.A. | Charlotte, NC | $333.40B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $96.58B |
| HSBC Bank USA, N.A. | Tysons, VA | $9.21B |
| Truist Bank | Charlotte, NC | $1.78B |
| UMB Bank, N.A. | Kansas City, MO | $406.9M |
| Safra National Bank of New York | New York, NY | $48.3M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $2.81T |
| March 31, 2026 | 80 | $2.39T |
| December 31, 2025 | 80 | $2.35T |
| September 30, 2025 | 80 | $2.73T |
| June 30, 2025 | 80 | $2.27T |
| March 31, 2025 | 82 | $2.33T |
| December 31, 2024 | 82 | $1.88T |
| September 30, 2024 | 82 | $2.17T |
Related
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