RCON3656: Direct and Indirect Investments in Real Estate Ventures
RCON3656 is the call report code for direct and indirect investments in real estate ventures, reported on Schedule RC, Balance Sheet. For Q2 2026, 4,217 banks reported it, totaling $5.62B; the median among the 145 with a nonzero amount was $5.1M. The largest value reported for Q2 2026 was $1.24B, by Webster Bank, N.A.
Definition
Includes the book value of direct and indirect investments in real estate ventures. This item should be reported net of any valuation allowance applicable to such investments. On the balance sheet, investments in real estate ventures is included in 'Other Real Estate Owned (2150)' or in 'Investments in Unconsolidated Subsidiaries and Associated Companies (2130)', as appropriate, based on the nature of the investment.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCON3656 sits on the call report
| Code | RCON3656 (prefix RCON, item 3656) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC, Balance Sheet |
| Reported on | FFIEC 041, FFIEC 051 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 1989 |
The same item under other prefixes
Item 3656 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD3656 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON3656 |
|---|---|---|
| Webster Bank, N.A. | Stamford, CT | $1.24B |
| Western Alliance Bank | Phoenix, AZ | $551.0M |
| NexBank | Dallas, TX | $427.8M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $372.4M |
| BOKF, N.A. | Tulsa, OK | $320.5M |
| Rockland Trust Company | Rockland, MA | $225.5M |
| First Merchants Bank | Muncie, IN | $208.9M |
| Associated Bank, N.A. | Green Bay, WI | $202.6M |
| First National Bank of Omaha | Omaha, NE | $179.2M |
| EverBank, N.A. | Jacksonville, FL | $156.2M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 4,217 | $5.62B |
| March 31, 2026 | 4,256 | $5.63B |
| December 31, 2025 | 4,314 | $6.21B |
| September 30, 2025 | 4,355 | $6.10B |
| June 30, 2025 | 4,397 | $5.77B |
| March 31, 2025 | 4,437 | $5.65B |
| December 31, 2024 | 4,461 | $5.64B |
| September 30, 2024 | 4,490 | $5.34B |
Related
All codes on Schedule RC · All call report schedules · Find the code for a loan type · What a call report is