RCON8698: Foreign Exchange Forward Contracts
RCON8698 is the call report code for foreign exchange forward contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 935 banks reported it, totaling $5.87B; the median among the 37 with a nonzero amount was $40.6M. The largest value reported for Q2 2026 was $1.02B, by EverBank, N.A.
Definition
Includes the gross amount (stated in U.S. dollars) of all forward contracts committing the reporting entity to purchase foreign (non-U.S.) currencies and U.S. dollar exchange and whose predominant risk characteristic is foreign exchange risk. A foreign foreign exchange contract is an agreement for delayed delivery of a foreign (non-U.S.) currency or U.S. dollar exchange in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified amount at a specified exchange rate.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCON8698 sits on the call report
| Code | RCON8698 (prefix RCON, item 8698) |
|---|---|
| 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 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 1995 |
The same item under other prefixes
Item 8698 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD8698 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON8698 |
|---|---|---|
| EverBank, N.A. | Jacksonville, FL | $1.02B |
| Texas Capital Bank | Dallas, TX | $724.9M |
| Israel Discount Bank of New York | New York, NY | $691.4M |
| Western Alliance Bank | Phoenix, AZ | $611.2M |
| Associated Bank, N.A. | Green Bay, WI | $396.5M |
| First National Bank of Omaha | Omaha, NE | $393.6M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $324.0M |
| Stifel Bank and Trust | Saint Louis, MO | $307.8M |
| BOKF, N.A. | Tulsa, OK | $202.4M |
| CIBC Bank USA | Chicago, IL | $159.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 935 | $5.87B |
| March 31, 2026 | 946 | $4.96B |
| December 31, 2025 | 987 | $4.83B |
| September 30, 2025 | 997 | $5.27B |
| June 30, 2025 | 1,015 | $4.50B |
| March 31, 2025 | 1,030 | $4.20B |
| December 31, 2024 | 1,053 | $3.98B |
| September 30, 2024 | 1,057 | $3.96B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is