RCFDJ294: Managed Assets Held in Fiduciary Accounts:investments in Unregistered Funds and Private Equity Investments-employee Benefit and Retirement-related Trust and Agency Accounts
RCFDJ294 is the call report code for managed assets held in fiduciary accounts:investments in unregistered funds and private equity investments-employee benefit and retirement-related trust and agency accounts, reported on Schedule RC-T, Fiduciary and Related Services.
Definition
FFIEC031 - Report the market value of managed assets held in employee benefit and retirement-related trust and agency accounts of all holdings of funds exempt from registration under Sections 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940, for example, 'hedge funds.' Report all holdings of private equity investments exempt from registration under Securities Act of 1933 Regulation D. Private equity investments is an asset class consisting of purchased equity securities in operating companies that are not publicly traded on a stock exchange or otherwise registered with the SEC under federal securities laws. Private equity-related funds are funds that invest primarily in private equity investments. Unregistered private equity funds should be reported in this item. Investments in family businesses that are associated with the grantors or beneficiaries of a fiduciary account should not be reported in this Memorandum item as a 'private equity investment.' Such investments may arise, for example, from an in-kind transfer to a fiduciary account of securities in a closely-held family business or an increase in a fiduciary account's percentage ownership of an existing closely-held family business whose securities are held in the account. Such investments should be reported in Schedule RC-T, Memorandum item 1.o, 'Miscellaneous assets.'
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDJ294 sits on the call report
| Code | RCFDJ294 (prefix RCFD, item J294) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-T, Fiduciary and Related Services |
| 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 J294 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix |
|---|---|
| RCONJ294 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| December 31, 2025 | 46 | $45.22B |
| December 31, 2024 | 48 | $40.62B |
| December 31, 2023 | 49 | $39.51B |
Related
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