RCFDK660: Custodial Bank Deduction
RCFDK660 is the call report code for custodial bank deduction, reported on Schedule RC-O, Other Data for Deposit Insurance Assessments. For Q2 2026, 25 banks reported it, totaling $4.47T; the median among the 22 with a nonzero amount was $74.72B. The largest value reported for Q2 2026 was $970.16B, by JPMorgan Chase Bank, N.A.
Definition
An institution that meets the definition of a custodial bank is eligible to have certain assets deducted from its assessment base, subject to a limit. Report in this item the custodial bank deduction, which equals average qualifying low-risk assets. Qualifying low-risk assets are determined without regard to the maturity of the assets. Average qualifying low-risk assets equals the sum of:
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDK660 sits on the call report
| Code | RCFDK660 (prefix RCFD, item K660) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-O, Other Data for Deposit Insurance Assessments |
| 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 K660 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONK660 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 10 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDK660 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $970.16B |
| Bank of America, N.A. | Charlotte, NC | $885.36B |
| Citibank, N.A. | Sioux Falls, SD | $750.51B |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $470.78B |
| The Bank of New York Mellon | New York, NY | $218.60B |
| State Street Bank and Trust Company | Boston, MA | $216.93B |
| U.S. Bank N.A. | Cincinnati, OH | $156.70B |
| PNC Bank, N.A. | Wilmington, DE | $132.69B |
| Truist Bank | Charlotte, NC | $125.20B |
| The Northern Trust Company | Chicago, IL | $86.96B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 25 | $4.47T |
| March 31, 2026 | 25 | $4.43T |
| December 31, 2025 | 25 | $4.42T |
| September 30, 2025 | 25 | $4.44T |
| June 30, 2025 | 25 | $4.46T |
| March 31, 2025 | 25 | $4.37T |
| December 31, 2024 | 24 | $4.42T |
| September 30, 2024 | 24 | $4.39T |
Related
All codes on Schedule RC-O · All call report schedules · Find the code for a loan type · What a call report is