RCONC012: Derivatives with a Negative Fair Value Held for Purposes Other Than Trading
RCONC012 is the call report code for derivatives with a negative fair value held for purposes other than trading, reported on Schedule RC-G, Other Liabilities. For Q2 2026, 3,392 banks reported it, totaling $3.41B; the median among the 153 with a nonzero amount was $1.0M. The largest value reported for Q2 2026 was $606.7M, by SouthState Bank, N.A.
Definition
Report the amount of all other liabilities (other than those reported in Schedule RC-G, items 1, 2, and 3) that cannot properly be reported in Schedule RC, items 13 through 19. Include as all other liabilities, derivative instruments that have a negative fair value that the reporting bank holds for purposes other than trading. (Report this negative fair value in Schedule RC-G, item 4.d, if this amount is greater than $100,000 and exceeds 25 percent of the amount reported in Schedule RC-G, item 4.)
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONC012 sits on the call report
| Code | RCONC012 (prefix RCON, item C012) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-G, Other Liabilities |
| Reported on | FFIEC 041, FFIEC 051 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2001 |
The same item under other prefixes
Item C012 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFDC012 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONC012 |
|---|---|---|
| SouthState Bank, N.A. | Winter Haven, FL | $606.7M |
| Pacific Coast Bankers' Bank | Walnut Creek, CA | $356.1M |
| First Horizon Bank | Memphis, TN | $298.3M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $266.7M |
| CIBC Bank USA | Chicago, IL | $263.6M |
| Columbia Bank | Lake Oswego, OR | $189.5M |
| Cedar Rapids Bank and Trust Company | Cedar Rapids, IA | $114.3M |
| Provident Bank | Jersey City, NJ | $111.6M |
| TriState Capital Bank | Pittsburgh, PA | $105.7M |
| Eastern Bank | Boston, MA | $75.6M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 3,392 | $3.41B |
| March 31, 2026 | 121 | $3.17B |
| December 31, 2025 | 3,462 | $3.66B |
| September 30, 2025 | 145 | $3.01B |
| June 30, 2025 | 3,519 | $3.21B |
| March 31, 2025 | 143 | $3.36B |
| December 31, 2024 | 3,542 | $4.14B |
| September 30, 2024 | 152 | $3.21B |
Related
All codes on Schedule RC-G · All call report schedules · Find the code for a loan type · What a call report is