RCON8714: Purchased OTC Foreign Exchange Option Contracts
RCON8714 is the call report code for purchased otc foreign exchange option contracts, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 935 banks reported it, totaling $87.1M; the median among the 3 with a nonzero amount was $3.0M. The largest value reported for Q2 2026 was $81.4M, by Israel Discount Bank of New York.
Definition
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 a fee, purchased the right 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 RCON8714 sits on the call report
| Code | RCON8714 (prefix RCON, item 8714) |
|---|---|
| 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 8714 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD8714 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON8714 |
|---|---|---|
| Israel Discount Bank of New York | New York, NY | $81.4M |
| 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 | $87.1M |
| March 31, 2026 | 946 | $103.1M |
| December 31, 2025 | 987 | $108.4M |
| September 30, 2025 | 997 | $116.1M |
| June 30, 2025 | 1,015 | $102.0M |
| March 31, 2025 | 1,030 | $122.8M |
| December 31, 2024 | 1,053 | $104.4M |
| September 30, 2024 | 1,057 | $83.0M |
Related
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