RCFDG418: Over the Counter Derivatives: Net Current Credit Exposure - Banks and Securities Firms
RCFDG418 is the call report code for over the counter derivatives: net current credit exposure - banks and securities firms, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 16.a). For Q2 2026, 50 banks reported it, totaling $183.07B; the median among the 40 with a nonzero amount was $229.6M. The largest value reported for Q2 2026 was $55.07B, by JPMorgan Chase Bank, N.A.
Definition
Report the sum of the net current credit exposures on OTC derivative contracts by Banks and Securities Firms. The sum of the net current credit exposures reported in columns A through E for this item may not equal the amount reported in Schedule RC-R, Memorandum item 1, 'Current credit exposure across all derivative contracts covered by the risk-based capital standards,' because the amount reported in Schedule RC-R, Memorandum item 1, excludes, for example, OTC derivatives not covered by the risk-based capital standards. All transactions within the consolidated bank should be reported on a net basis. The current credit exposure (sometimes referred to as the replacement cost) is the fair value of a derivative contract when that fair value is positive. The current credit exposure is zero when the fair value is negative or zero. For purposes of this item, the net current credit exposure to an individual counterparty should be derived as follows: Determine whether a legally enforceable bilateral netting agreement is in place between the reporting bank and the counterparty. If such an agreement is in place, the fair values of all applicable derivative contracts with that counterparty that are included in the scope of the netting agreement are netted to a single amount, which may be positive, negative, or zero.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDG418 sits on the call report
| Code | RCFDG418 (prefix RCFD, item G418) |
|---|---|
| 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 16.a; FFIEC 041 Schedule RC-L, item 16.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 G418 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONG418 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 100 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDG418 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $55.07B |
| Goldman Sachs Bank USA | New York, NY | $40.18B |
| Citibank, N.A. | Sioux Falls, SD | $28.97B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $25.74B |
| Bank of America, N.A. | Charlotte, NC | $11.87B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $7.48B |
| HSBC Bank USA, N.A. | Tysons, VA | $1.98B |
| The Bank of New York Mellon | New York, NY | $1.94B |
| State Street Bank and Trust Company | Boston, MA | $1.71B |
| PNC Bank, N.A. | Wilmington, DE | $1.23B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 50 | $183.07B |
| March 31, 2026 | 50 | $150.41B |
| December 31, 2025 | 49 | $121.31B |
| September 30, 2025 | 49 | $122.46B |
| June 30, 2025 | 49 | $118.14B |
| March 31, 2025 | 50 | $114.02B |
| December 31, 2024 | 51 | $148.65B |
| September 30, 2024 | 51 | $112.34B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is