RCONA589: Interest Rate Swaps Where the Bank Has Agreed to Pay a Fixed Rate
RCONA589 is the call report code for interest rate swaps where the bank has agreed to pay a fixed rate, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items. For Q2 2026, 935 banks reported it, totaling $243.55B; the median among the 263 with a nonzero amount was $150.0M. The largest value reported for Q2 2026 was $25.35B, by SoFi Bank, N.A.
Definition
Includes the notional amount of all outstanding interest rate swaps included in Schedule RC-L, items 8725 and 8729, on which the reporting bank is obligated to pay a fixed rate. The interest rate swaps that are reported in this item will also have been reported in Schedule RC-L, item 3450. Interest rate swaps that are held for trading should not be reported in this item.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONA589 sits on the call report
| Code | RCONA589 (prefix RCON, item A589) |
|---|---|
| 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 | 1997 |
The same item under other prefixes
Item A589 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFDA589 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONA589 |
|---|---|---|
| SoFi Bank, N.A. | Cottonwood Heights, UT | $25.35B |
| SouthState Bank, N.A. | Winter Haven, FL | $15.62B |
| MidFirst Bank | Oklahoma City, OK | $15.44B |
| Western Alliance Bank | Phoenix, AZ | $9.06B |
| Beal Bank USA | Las Vegas, NV | $8.00B |
| NexBank | Dallas, TX | $7.80B |
| TD Bank USA, N.A. | Wilmington, DE | $7.43B |
| First Horizon Bank | Memphis, TN | $7.29B |
| Cedar Rapids Bank and Trust Company | Cedar Rapids, IA | $6.10B |
| Pacific Coast Bankers' Bank | Walnut Creek, CA | $5.48B |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 935 | $243.55B |
| March 31, 2026 | 946 | $241.76B |
| December 31, 2025 | 987 | $254.99B |
| September 30, 2025 | 997 | $230.91B |
| June 30, 2025 | 1,015 | $226.62B |
| March 31, 2025 | 1,030 | $222.99B |
| December 31, 2024 | 1,053 | $241.03B |
| September 30, 2024 | 1,057 | $244.87B |
Related
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