RCFDK661: Custodial Bank Deduction Limit
RCFDK661 is the call report code for custodial bank deduction limit, reported on Schedule RC-O, Other Data for Deposit Insurance Assessments. For Q2 2026, 25 banks reported it, totaling $1.07T; the median among the 22 with a nonzero amount was $6.94B. The largest value reported for Q2 2026 was $288.54B, 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 limit, which equals the average amount of the institution's transaction account deposit liabilities identified by the institution as being directly linked to a fiduciary, custodial, or safekeeping account. For deposits in domestic offices, 'transaction account' is defined in Federal Reserve Regulation D and in the Glossary entry for 'deposits.' In general, a transaction account is a deposit or account from which the depositor or account holder is permitted to make transfers or withdrawals by negotiable or transferable instruments, payment orders of withdrawal, telephone transfers, or other similar devices for the purpose of making payments or transfers to third persons or others or from which the depositor may make third party payments at an automated teller machine, a remote service unit, or another electronic device, including by debit card. For purposes of reporting the custodial bank deduction limit in this item, a custodial bank with deposits in foreign offices should include foreign office deposit liabilities with the characteristics of a transaction account that are linked to a fiduciary, custody, or safekeeping account. This average should be calculated on a daily or weekly basis consistent with the custodial bank's calculation of its average consolidated total assets in Schedule RC-O, item 4 (and as reported in Schedule RC-O, item 4.a).
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDK661 sits on the call report
| Code | RCFDK661 (prefix RCFD, item K661) |
|---|---|
| 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 K661 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCONK661 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 31 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFDK661 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $288.54B |
| State Street Bank and Trust Company | Boston, MA | $246.56B |
| The Bank of New York Mellon | New York, NY | $199.51B |
| Citibank, N.A. | Sioux Falls, SD | $162.61B |
| The Northern Trust Company | Chicago, IL | $76.60B |
| U.S. Bank N.A. | Cincinnati, OH | $18.26B |
| Truist Bank | Charlotte, NC | $11.76B |
| UMB Bank, N.A. | Kansas City, MO | $11.09B |
| PNC Bank, N.A. | Wilmington, DE | $9.02B |
| Manufacturers and Traders Trust Company | Buffalo, NY | $8.64B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 25 | $1.07T |
| March 31, 2026 | 25 | $1.05T |
| December 31, 2025 | 25 | $1.02T |
| September 30, 2025 | 25 | $993.14B |
| June 30, 2025 | 25 | $1.00T |
| March 31, 2025 | 25 | $933.94B |
| December 31, 2024 | 24 | $915.86B |
| September 30, 2024 | 24 | $896.67B |
Related
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