RCON3411: Commercial and Similar Letters of Credit
RCON3411 is the call report code for commercial and similar letters of credit, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 4,217 banks reported it, totaling $1.37B; the median among the 444 with a nonzero amount was $456K. The largest value reported for Q2 2026 was $180.6M, by BNC National Bank.
Definition
Includes the amount outstanding and unused as of the report date of issued or confirmed commercial letters of credit, travelers' letters of credit not issued for money or its equivalent, and all similar letters of credit, but excluding standby letters of credit (which are reported in items 3819 and 3821 for the FFIEC 031, 032, 033, and 034 reports and are reported in items 3375, 3376, 3377, and 3378 for the FFIEC 002 report). (See the Glossary entry for 'letter of credit' in the Report of Condition and Income Instruction Booklet.) Legally binding commitments to issue commercial letters of credit are reported in this item. Travelers' letters of credit and other letters of credit issued for money or its equivalent by the reporting entity or its agents are reported as demand deposit liabilities in Schedule RC-E of the Call report and in Schedule E of the branch and agency report.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCON3411 sits on the call report
| Code | RCON3411 (prefix RCON, item 3411) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-L, Derivatives and Off-Balance-Sheet Items |
| Reported on | FFIEC 041, FFIEC 051 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 1983 |
The same item under other prefixes
Item 3411 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD3411 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON3411 |
|---|---|---|
| BNC National Bank | Glendale, AZ | $180.6M |
| ServisFirst Bank | Homewood, AL | $90.9M |
| Peoples Security Bank and Trust Company | Dunmore, PA | $72.2M |
| Origin Bank | Choudrant, LA | $66.8M |
| Israel Discount Bank of New York | New York, NY | $60.0M |
| Bank of Hope | Los Angeles, CA | $39.9M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $37.1M |
| MVB Bank, Inc. | Fairmont, WV | $36.9M |
| Fulton Bank, N.A. | Lancaster, PA | $25.7M |
| First Merchants Bank | Muncie, IN | $22.6M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 4,217 | $1.37B |
| March 31, 2026 | 4,256 | $1.41B |
| December 31, 2025 | 4,314 | $1.51B |
| September 30, 2025 | 4,355 | $1.55B |
| June 30, 2025 | 4,397 | $1.61B |
| March 31, 2025 | 4,437 | $1.60B |
| December 31, 2024 | 4,461 | $1.53B |
| September 30, 2024 | 4,490 | $1.45B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is