RCFDG405: Notional Amounts by Regulatory Capital Treatment: All Other Positions: Purchased Protection That Is Not Recognized as a Guarantee for Regulatory Capital Purposes
RCFDG405 is the call report code for notional amounts by regulatory capital treatment: all other positions: purchased protection that is not recognized as a guarantee for regulatory capital purposes, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 7.c.(2)(c)). For Q2 2026, 80 banks reported it, totaling $306.67B; the median among the 20 with a nonzero amount was $2.22B. The largest value reported for Q2 2026 was $78.05B, by Morgan Stanley Bank, N.A.
Definition
Report the notional amount of credit derivative contracts where the bank is the protection purchaser (beneficiary) and the protection is not recognized as a guarantee for regulatory capital purposes. The credit derivative contracts to be reported in this item are limited to those providing purchased protection where the protection is not being used to hedge an underlying position or where the 'hedging' credit derivative contract does not meet the criteria for recognition as a guarantee under the regulatory capital standards of the bank's primary federal regulator. These 'naked' purchased protection positions sometimes arise when a bank has sold the asset that was being hedged by the credit derivative contract while retaining the credit derivative contract.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDG405 sits on the call report
| Code | RCFDG405 (prefix RCFD, item G405) |
|---|---|
| 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.(2)(c); FFIEC 041 Schedule RC-L, item 7.c.(2)(c) |
| 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 G405 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONG405 | 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 | RCFDG405 |
|---|---|---|
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $78.05B |
| Goldman Sachs Bank USA | New York, NY | $75.23B |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $61.07B |
| Citibank, N.A. | Sioux Falls, SD | $51.62B |
| Bank of America, N.A. | Charlotte, NC | $15.63B |
| PNC Bank, N.A. | Wilmington, DE | $5.76B |
| Capital One, N.A. | McLean, VA | $5.68B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $4.70B |
| U.S. Bank N.A. | Cincinnati, OH | $3.18B |
| Truist Bank | Charlotte, NC | $2.84B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $306.67B |
| March 31, 2026 | 80 | $973.33B |
| December 31, 2025 | 80 | $222.08B |
| September 30, 2025 | 80 | $227.82B |
| June 30, 2025 | 80 | $206.22B |
| March 31, 2025 | 82 | $214.72B |
| December 31, 2024 | 82 | $197.50B |
| September 30, 2024 | 82 | $211.38B |
Related
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