RCON8710: Written OTC Foreign Exchange Option Contracts
RCON8710 is the call report code for written otc foreign exchange option contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 935 banks reported it, totaling $89.3M; the median among the 3 with a nonzero amount was $3.0M. The largest value reported for Q2 2026 was $83.5M, by Israel Discount Bank of New York.
Definition
A written currency option contract conveys the obligation to exchange two different currencies at a specified exchange rate. Includes the gross amount (stated in U.S. dollars) of foreign (non-U.S.) currency and U.S. dollar exchange that the reporting entity has, for compensation, obligated itself to either purchase or sell under OTC option contracts whose predominant risk characteristic is foreign exchange risk.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCON8710 sits on the call report
| Code | RCON8710 (prefix RCON, item 8710) |
|---|---|
| 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 8710 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD8710 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON8710 |
|---|---|---|
| Israel Discount Bank of New York | New York, NY | $83.5M |
| BOKF, N.A. | Tulsa, OK | $3.0M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $2.8M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 935 | $89.3M |
| March 31, 2026 | 946 | $104.0M |
| December 31, 2025 | 987 | $106.8M |
| September 30, 2025 | 997 | $111.7M |
| June 30, 2025 | 1,015 | $95.3M |
| March 31, 2025 | 1,030 | $124.2M |
| December 31, 2024 | 1,053 | $108.9M |
| September 30, 2024 | 1,057 | $83.2M |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is