RIAD4513: Interest Expense Incurred to Carry Tax-exempt Securities, Loans, and Leases Acquired After August 7, 1986, That Is Not Deductible for Federal Income Tax Purposes
RIAD4513 is the call report code for interest expense incurred to carry tax-exempt securities, loans, and leases acquired after august 7, 1986, that is not deductible for federal income tax purposes, reported on Schedule RI, Income Statement. For Q2 2026 (year to date), 1,015 banks reported it, totaling $1.09B; the median among the 379 with a nonzero amount was $199K. The largest value reported for Q2 2026 (year to date) was $333.0M, by JPMorgan Chase Bank, N.A.
Definition
Includes the bank's best estimate of the amount of the year-to-date interest expense included in 'Total Interest Expense (4073)' (Schedule RI) that is subject to a 100 percent loss of deductibility for federal income tax purposes because it is deemed to have been incurred to carry tax-exempt securities, loans, and leases of states and political subdivisions in the U.S. acquired after August 7, 1986. Tax-exempt securities, loans, and leases are those securities, loans, and leases of states and political subdivisions in the U.S. whose interest is excludable from gross income under the regular tax system for federal income tax purposes, regardless of whether the income must be included in the bank's alternative minimum taxable income. Excludes interest expense incurred to carry (1) tax-exempt securities, loans, and leases of states and political subdivisions in the U.S. acquired after December 31, 1982, but before August 8, 1986, and (2) so-called 'qualified tax-exempt obligations' acquired after August 7, 1986, 20 percent of which is not deductible for federal income tax purposes. The general formula that may be used for computing the amount of interest expense that is subject to a 100 percent loss of deductibility is as follows: Tax-Exempt Securities, Loans, And Leases Of States And Political Subdivisions In The U.S. Acquired After August 7, 1986 (Excluding Year-To-Date Total Interest 'Qualified Tax-Exempt Obligations') (Year-To-Date Average) X Expense (Schedule RI, item 4073) Total Assets (Year-To-Date Average)
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RIAD4513 sits on the call report
| Code | RIAD4513 (prefix RIAD, item 4513) |
|---|---|
| Prefix RIAD | Income statement items (Schedule RI and its supporting schedules). |
| Schedule | RI, Income Statement |
| Reported on | FFIEC 031, FFIEC 041, FFIEC 051 |
| Value | Dollar amount, reported in thousands, year to date |
| In the MDRM since | 1987 |
Largest reported values, Q2 2026
| Bank | Headquarters | RIAD4513 |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Columbus, OH | $333.0M |
| Citibank, N.A. | Sioux Falls, SD | $156.0M |
| Wells Fargo Bank, N.A. | Sioux Falls, SD | $93.0M |
| Bank of America, N.A. | Charlotte, NC | $57.0M |
| TD Bank, N.A. | Wilmington, DE | $50.7M |
| U.S. Bank N.A. | Cincinnati, OH | $35.4M |
| Frost Bank | San Antonio, TX | $21.5M |
| Zions Bancorporation, N.A. | Salt Lake City, UT | $17.2M |
| Banc of California | Los Angeles, CA | $17.2M |
| Truist Bank | Charlotte, NC | $17.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 1,015 | $1.09B |
| March 31, 2026 | 1,026 | $538.8M |
| December 31, 2025 | 1,067 | $2.52B |
| September 30, 2025 | 1,077 | $1.94B |
| June 30, 2025 | 1,095 | $1.33B |
| March 31, 2025 | 1,112 | $667.3M |
| December 31, 2024 | 1,135 | $3.29B |
| September 30, 2024 | 1,139 | $2.53B |
Related
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