RCONG485: Loans and Leases Held for Sale - Level 1 Fair Value Measurements
RCONG485 is the call report code for loans and leases held for sale - level 1 fair value measurements, reported on Schedule RC-Q, Assets and Liabilities Measured at Fair Value on a Recurring Basis (FFIEC 031 Schedule RC-Q, item 3). For Q2 2026, 501 banks reported it, totaling $339.6M; the median among the 8 with a nonzero amount was $14.5M. The largest value reported for Q2 2026 was $189.5M, by First United Bank and Trust Company.
Definition
Report in the appropriate column the total fair value of those loans held for sale reported in Schedule RC-C, part I, that the bank has elected to report under the fair value option, the fair values determined using Level 1, Level 2, and Level 3 measurement inputs, and any netting adjustments. Loans held for sale that the bank has elected to report under the fair value option are included in Schedule RC-C, part I, and Schedule RC, item 4.a. Exclude loans held for sale that are reported at the lower of cost or fair value in Schedule RC, item 4.a, and loans that have been reported as trading assets in Schedule RC, item 5. Leases are generally not eligible for the fair value option.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONG485 sits on the call report
| Code | RCONG485 (prefix RCON, item G485) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-Q, Assets and Liabilities Measured at Fair Value on a Recurring Basis |
| Line item | FFIEC 031 Schedule RC-Q, item 3; FFIEC 041 Schedule RC-Q, item 3 |
| 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 G485 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFDG485 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 66 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONG485 |
|---|---|---|
| First United Bank and Trust Company | Durant, OK | $189.5M |
| Needham Bank | Needham, MA | $59.9M |
| Texas Exchange Bank | Crowley, TX | $40.6M |
| City National Bank of Florida | Miami, FL | $18.2M |
| BCB Community Bank | Bayonne, NJ | $10.8M |
| Fremont Bank | Fremont, CA | $8.6M |
| Dollar Bank, Federal Savings Bank | Pittsburgh, PA | $7.7M |
| The Bank of Missouri | Perryville, MO | $4.2M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 501 | $339.6M |
| March 31, 2026 | 506 | $373.8M |
| December 31, 2025 | 520 | $700.5M |
| September 30, 2025 | 523 | $292.2M |
| June 30, 2025 | 531 | $278.3M |
| March 31, 2025 | 540 | $292.2M |
| December 31, 2024 | 545 | $257.2M |
| September 30, 2024 | 544 | $247.1M |
Related
All codes on Schedule RC-Q · All call report schedules · Find the code for a loan type · What a call report is