RCFDG437: Over the Counter Derivatives: Fair Value of Collateral: U.S. Treasury Securities - Corporations and All Other Counterparties
RCFDG437 is the call report code for over the counter derivatives: fair value of collateral: u.s. treasury securities - corporations and all other counterparties, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 16.b.(3)). For Q2 2026, 50 banks reported it, totaling $28.95B; the median among the 12 with a nonzero amount was $1.02B. The largest value reported for Q2 2026 was $12.13B, by JPMorgan Chase Bank, N.A.
Definition
Report in the appropriate counterparty column the fair value of U.S. Treasury securities held directly by 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 RCFDG437 sits on the call report
| Code | RCFDG437 (prefix RCFD, item G437) |
|---|---|
| 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.(3); FFIEC 041 Schedule RC-L, item 16.b.(3) |
| 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 G437 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONG437 | 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 | RCFDG437 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $12.13B |
| Bank of America, N.A. | Charlotte, NC | $4.99B |
| Citibank, N.A. | Sioux Falls, SD | $4.96B |
| Goldman Sachs Bank USA | New York, NY | $2.54B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $1.82B |
| Morgan Stanley Bank, N.A. | Salt Lake City, UT | $1.38B |
| State Street Bank and Trust Company | Boston, MA | $667.0M |
| The Bank of New York Mellon | New York, NY | $272.0M |
| HSBC Bank USA, N.A. | Tysons, VA | $94.7M |
| The Northern Trust Company | Chicago, IL | $89.7M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 50 | $28.95B |
| March 31, 2026 | 50 | $25.70B |
| December 31, 2025 | 49 | $21.29B |
| September 30, 2025 | 49 | $21.57B |
| June 30, 2025 | 49 | $22.91B |
| March 31, 2025 | 50 | $22.15B |
| December 31, 2024 | 51 | $25.45B |
| September 30, 2024 | 51 | $21.55B |
Related
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