RCON3821: Performance Standby Letters of Credit
RCON3821 is the call report code for performance standby letters of credit, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 4,217 banks reported it, totaling $8.35B; the median among the 1,252 with a nonzero amount was $950K. The largest value reported for Q2 2026 was $453.0M, by Preferred Bank.
Definition
Excludes: (1) performance standby letters of credit where the beneficiary is a consolidated subsidiary of the reporting bank, (2) financial standby letters of credit, and (3) signature or endorsement guarantees of the type associated with the clearing of negotiable instruments or securities in the normal course of business.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCON3821 sits on the call report
| Code | RCON3821 (prefix RCON, item 3821) |
|---|---|
| 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 | 1990 |
The same item under other prefixes
Item 3821 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD3821 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON3821 |
|---|---|---|
| Preferred Bank | Los Angeles, CA | $453.0M |
| Commerce Bank | Kansas City, MO | $305.0M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $301.8M |
| CTBC Bank Corp. (USA) | Los Angeles, CA | $189.6M |
| Texas Capital Bank | Dallas, TX | $181.9M |
| Fulton Bank, N.A. | Lancaster, PA | $161.4M |
| Wilson Bank & Trust | Lebanon, TN | $152.0M |
| Atlantic Union Bank | Richmond, VA | $149.5M |
| Amarillo National Bank | Amarillo, TX | $139.6M |
| Associated Bank, N.A. | Green Bay, WI | $129.1M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 4,217 | $8.35B |
| March 31, 2026 | 4,256 | $8.17B |
| December 31, 2025 | 4,314 | $8.44B |
| September 30, 2025 | 4,355 | $8.28B |
| June 30, 2025 | 4,397 | $7.88B |
| March 31, 2025 | 4,437 | $7.82B |
| December 31, 2024 | 4,461 | $7.94B |
| September 30, 2024 | 4,490 | $7.84B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is