RCONB987: Federal Funds Sold
RCONB987 is the call report code for federal funds sold, reported on Schedule RC, Balance Sheet. For Q2 2026, 4,297 banks reported it, totaling $15.74B; the median among the 1,764 with a nonzero amount was $3.2M. The largest value reported for Q2 2026 was $970.6M, by International Bank of Commerce.
Definition
Report the outstanding amount of federal funds sold, i.e., immediately available funds lent (in domestic offices) under agreements or contracts that have an original maturity of one business day or roll over under a continuing contract, excluding such funds lent in the form of securities purchased under agreements to resell (which should be reported in Schedule RC, item 3.b) and overnight lending for commercial and industrial purposes (which generally should be reported in Schedule RC, item 4.b). Transactions that are to be reported as federal funds sold may be secured or unsecured or may involve an agreement to resell loans or other instruments that are not securities. Immediately available funds are funds that the purchasing bank can either use or dispose of on the same business day that the transaction giving rise to the receipt or disposal of the funds is executed. A continuing contract, regardless of the terminology used, is an agreement that remains in effect for more than one business day, but has no specified maturity and does not require advance notice of the lender or the borrower to terminate. Report federal funds sold on a gross basis, i.e., do not net them against federal funds purchased, except to the extent permitted under FASB Interpretation No. 39. Also exclude from federal funds sold: Also exclude from federal funds sold:
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONB987 sits on the call report
| Code | RCONB987 (prefix RCON, item B987) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC, Balance Sheet |
| Reported on | FFIEC 031, FFIEC 041, FFIEC 051 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2002 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONB987 |
|---|---|---|
| International Bank of Commerce | Brownsville, TX | $970.6M |
| First Community Bank | Bluefield, VA | $462.6M |
| Chambers Bank | Danville, AR | $269.6M |
| Quad City Bank and Trust Company | Bettendorf, IA | $198.2M |
| Central Bank | Provo, UT | $180.5M |
| FirstBank | Nashville, TN | $156.7M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $125.3M |
| Pinnacle Bank | Morgan Hill, CA | $120.0M |
| California Bank of Commerce, N.A. | San Diego, CA | $107.4M |
| Citibank, N.A. | Sioux Falls, SD | $100.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 4,297 | $15.74B |
| March 31, 2026 | 4,336 | $17.50B |
| December 31, 2025 | 4,394 | $15.66B |
| September 30, 2025 | 4,435 | $15.35B |
| June 30, 2025 | 4,477 | $15.80B |
| March 31, 2025 | 4,519 | $17.72B |
| December 31, 2024 | 4,543 | $14.96B |
| September 30, 2024 | 4,572 | $14.16B |
Related
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