RCONJ294: Managed Assets Held in Fiduciary Accounts:investments in Unregistered Funds and Private Equity Investments-employee Benefit and Retirement-related Trust and Agency Accounts
RCONJ294 is the call report code for managed assets held in fiduciary accounts:investments in unregistered funds and private equity investments-employee benefit and retirement-related trust and agency accounts, reported on Schedule RC-T, Fiduciary and Related Services. For Q2 2026, 8 banks reported it, totaling $304K; the median among the 2 with a nonzero amount was $152K. The largest value reported for Q2 2026 was $297K, by Fremont Bank.
Definition
FFIEC031 - Report the market value of managed assets held in employee benefit and retirement-related trust and agency accounts of all holdings of funds exempt from registration under Sections 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940, for example, 'hedge funds.' Report all holdings of private equity investments exempt from registration under Securities Act of 1933 Regulation D. Private equity investments is an asset class consisting of purchased equity securities in operating companies that are not publicly traded on a stock exchange or otherwise registered with the SEC under federal securities laws. Private equity-related funds are funds that invest primarily in private equity investments. Unregistered private equity funds should be reported in this item. Investments in family businesses that are associated with the grantors or beneficiaries of a fiduciary account should not be reported in this Memorandum item as a 'private equity investment.' Such investments may arise, for example, from an in-kind transfer to a fiduciary account of securities in a closely-held family business or an increase in a fiduciary account's percentage ownership of an existing closely-held family business whose securities are held in the account. Such investments should be reported in Schedule RC-T, Memorandum item 1.o, 'Miscellaneous assets.'
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONJ294 sits on the call report
| Code | RCONJ294 (prefix RCON, item J294) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-T, Fiduciary and Related Services |
| Reported on | FFIEC 041, FFIEC 051 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2009 |
The same item under other prefixes
Item J294 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFDJ294 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | — |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONJ294 |
|---|---|---|
| Fremont Bank | Fremont, CA | $297K |
| Greenleaf Trust N.A. | Kalamazoo, MI | $7K |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 8 | $304K |
| March 31, 2026 | 10 | $367K |
| December 31, 2025 | 974 | $503.3M |
| September 30, 2025 | 8 | $7K |
| June 30, 2025 | 7 | $7K |
| March 31, 2025 | 7 | $7K |
| December 31, 2024 | 1,001 | $565.0M |
| September 30, 2024 | 7 | $0 |
Related
All codes on Schedule RC-T · All call report schedules · Find the code for a loan type · What a call report is