RCFDG428: Over the Counter Derivatives: Fair Value of Collateral: Cash Other Currencies - Banks and Securities Firms
RCFDG428 is the call report code for over the counter derivatives: fair value of collateral: cash other currencies - banks and securities firms, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 16.b.(2)). For Q2 2026, 50 banks reported it, totaling $33.12B; the median among the 9 with a nonzero amount was $1.66B. The largest value reported for Q2 2026 was $17.72B, by JPMorgan Chase Bank, N.A.
Definition
Report in the appropriate counterparty column in U.S. dollar equivalents the total of all cash denominated in non-U.S. currency held on deposit in the bank or by third party custodians on behalf of the bank that provide protection to the bank against counterparty risk on OTC derivatives.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDG428 sits on the call report
| Code | RCFDG428 (prefix RCFD, item G428) |
|---|---|
| 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.b.(2); FFIEC 041 Schedule RC-L, item 16.b.(2) |
| 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 G428 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONG428 | 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 | RCFDG428 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $17.72B |
| Citibank, N.A. | Sioux Falls, SD | $6.23B |
| Goldman Sachs Bank USA | New York, NY | $4.58B |
| Bank of America, N.A. | Charlotte, NC | $1.92B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $1.66B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $826.0M |
| State Street Bank and Trust Company | Boston, MA | $128.0M |
| The Bank of New York Mellon | New York, NY | $51.0M |
| HSBC Bank USA, N.A. | Tysons, VA | $7.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 50 | $33.12B |
| March 31, 2026 | 50 | $33.32B |
| December 31, 2025 | 49 | $30.35B |
| September 30, 2025 | 49 | $29.45B |
| June 30, 2025 | 49 | $27.69B |
| March 31, 2025 | 50 | $27.43B |
| December 31, 2024 | 51 | $33.03B |
| September 30, 2024 | 51 | $24.62B |
Related
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