RCFDK202: Life Insurance Assets: Separate Account Life Insurance Assets
RCFDK202 is the call report code for life insurance assets: separate account life insurance assets, reported on Schedule RC-F, Other Assets. For Q2 2026, 80 banks reported it, totaling $77.74B; the median among the 34 with a nonzero amount was $537.6M. The largest value reported for Q2 2026 was $22.11B, by Bank of America, N.A.
Definition
Report the amount of the bank's holdings of life insurance assets associated with separate account insurance policies. In a separate account policy, the policy's cash surrender value is supported by assets segregated from the general assets of the insurance carrier. Under such an arrangement, the policyholder neither owns the underlying separate account created by the insurance carrier on its behalf nor controls investment decisions in the underlying account, but does assume all investment and price risk. Separate accounts are employed by life insurers to meet specific investment objectives of policyholders. The accounts are often maintained as separate accounting and reporting entities for pension plans as well as fixed benefit, variable annuity, and other products. Investment income and investment gains and losses generally accrue directly to such policyholders and are not accounted for on the general accounts of the insurer. On the books of the insurer, the carrying values of separate account assets and liabilities usually approximate each other with little associated capital. Because they are legally segregated, the assets of each separate account are not subject to claims on the insurer that arise out of any other business of the insurance company.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDK202 sits on the call report
| Code | RCFDK202 (prefix RCFD, item K202) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-F, Other Assets |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2011 |
The same item under other prefixes
Item K202 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONK202 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 4,217 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDK202 |
|---|---|---|
| Bank of America, N.A. | Charlotte, NC | $22.11B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $14.55B |
| JPMorgan Chase Bank, N.A. | Columbus, OH | $6.24B |
| Citibank, N.A. | Sioux Falls, SD | $5.43B |
| U.S. Bank N.A. | Cincinnati, OH | $5.39B |
| Truist Bank | Charlotte, NC | $3.55B |
| State Street Bank and Trust Company | Boston, MA | $3.31B |
| PNC Bank, N.A. | Wilmington, DE | $2.43B |
| BMO Bank N.A. | Chicago, IL | $2.32B |
| Capital One, N.A. | McLean, VA | $1.96B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $77.74B |
| March 31, 2026 | 80 | $74.88B |
| December 31, 2025 | 80 | $74.67B |
| September 30, 2025 | 80 | $73.83B |
| June 30, 2025 | 80 | $73.51B |
| March 31, 2025 | 82 | $72.37B |
| December 31, 2024 | 82 | $72.08B |
| September 30, 2024 | 82 | $70.69B |
Related
All codes on Schedule RC-F · All call report schedules · Find the code for a loan type · What a call report is