RCONG405: Notional Amounts by Regulatory Capital Treatment: All Other Positions: Purchased Protection That Is Not Recognized as a Guarantee for Regulatory Capital Purposes
RCONG405 is the call report code for notional amounts by regulatory capital treatment: all other positions: purchased protection that is not recognized as a guarantee for regulatory capital purposes, reported on Schedule RC-L, Derivatives and Off-Balance-Sheet Items (FFIEC 031 Schedule RC-L, item 7.c.(2)(c)). For Q2 2026, 935 banks reported it, totaling $16.67B; the median among the 41 with a nonzero amount was $29.5M. The largest value reported for Q2 2026 was $12.96B, by EverBank, N.A.
Definition
Report the notional amount of credit derivative contracts where the bank is the protection purchaser (beneficiary) and the protection is not recognized as a guarantee for regulatory capital purposes. The credit derivative contracts to be reported in this item are limited to those providing purchased protection where the protection is not being used to hedge an underlying position or where the 'hedging' credit derivative contract does not meet the criteria for recognition as a guarantee under the regulatory capital standards of the bank's primary federal regulator. These 'naked' purchased protection positions sometimes arise when a bank has sold the asset that was being hedged by the credit derivative contract while retaining the credit derivative contract.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONG405 sits on the call report
| Code | RCONG405 (prefix RCON, item G405) |
|---|---|
| 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 |
| Line item | FFIEC 031 Schedule RC-L, item 7.c.(2)(c); FFIEC 041 Schedule RC-L, item 7.c.(2)(c) |
| Reported on | FFIEC 041 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2009 |
The same item under other prefixes
Item G405 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFDG405 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONG405 |
|---|---|---|
| EverBank, N.A. | Jacksonville, FL | $12.96B |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $1.02B |
| First Horizon Bank | Memphis, TN | $326.3M |
| Wilmington Savings Fund Society, FSB | Wilmington, DE | $325.1M |
| CIBC Bank USA | Chicago, IL | $277.5M |
| Associated Bank, N.A. | Green Bay, WI | $237.5M |
| Hancock Whitney Bank | Gulfport, MS | $192.8M |
| TriState Capital Bank | Pittsburgh, PA | $183.5M |
| Cambridge Savings Bank | Cambridge, MA | $160.4M |
| First Commonwealth Bank | Indiana, PA | $150.7M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 935 | $16.67B |
| March 31, 2026 | 946 | $17.39B |
| December 31, 2025 | 987 | $18.41B |
| September 30, 2025 | 997 | $19.00B |
| June 30, 2025 | 1,015 | $19.37B |
| March 31, 2025 | 1,030 | $20.19B |
| December 31, 2024 | 1,053 | $21.30B |
| September 30, 2024 | 1,057 | $22.20B |
Related
All codes on Schedule RC-L · All call report schedules · Find the code for a loan type · What a call report is