RCFDG412: Notional Amount of Purchased Credit Protection: Investment Grade - with Remaining Maturity of One Year or Less.
RCFDG412 is the call report code for notional amount of purchased credit protection: investment grade - with remaining maturity of one year or less., reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 7.d.(2)(a)). For Q2 2026, 80 banks reported it, totaling $585.59B; the median among the 19 with a nonzero amount was $139.0M. The largest value reported for Q2 2026 was $202.41B, by JPMorgan Chase Bank, N.A.
Definition
Report the remaining maturities of one year or less of credit derivative contracts where the underlying reference asset is rated investment grade or, if not rated, is the equivalent of investment grade under the bank's internal credit rating system.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDG412 sits on the call report
| Code | RCFDG412 (prefix RCFD, item G412) |
|---|---|
| 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.d.(2)(a); FFIEC 041 Schedule RC-L, item 7.d.(2)(a) |
| 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 G412 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONG412 | 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 | RCFDG412 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $202.41B |
| Citibank, N.A. | Sioux Falls, SD | $135.41B |
| Bank of America, N.A. | Charlotte, NC | $82.97B |
| Goldman Sachs Bank USA | New York, NY | $61.96B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $50.53B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $41.82B |
| HSBC Bank USA, N.A. | Tysons, VA | $8.09B |
| U.S. Bank N.A. | Cincinnati, OH | $1.48B |
| Fifth Third Bank, N.A. | Cincinnati, OH | $189.0M |
| The Bank of New York Mellon | New York, NY | $139.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $585.59B |
| March 31, 2026 | 80 | $569.29B |
| December 31, 2025 | 80 | $540.66B |
| September 30, 2025 | 80 | $559.93B |
| June 30, 2025 | 80 | $497.07B |
| March 31, 2025 | 82 | $458.08B |
| December 31, 2024 | 82 | $391.60B |
| September 30, 2024 | 82 | $453.05B |
Related
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