FR 2248 quarterly

FR 2248
OMB No. 7100-0005
Approval expires October 31, 2011

INSTRUCTIONS
C. Liens on real estate - loans, whatever the purpose,
secured by liens on real estate as evidenced by mortgages,
deeds of trust, land contracts or other instruments.

Public reporting burden for this collection of information is estimated to average
0.3 hours per response (1.4 hours per response in March, June, September, and
December), including the time to gather and maintain data in the required form
and to review instructions and complete the information collection. Send
comments regarding this burden estimate, including suggestions for reducing
this burden to: Secretary, Board of Governors of the Federal Reserve System,
20th and C Streets, N.W., Washington, DC 20551; and to the Office of
Management and Budget, Paperwork Reduction Project (7100-0005),
Washington, DC 20503. The Federal Reserve may not conduct or sponsor, and
an organization (or a person) is not required to respond to, a collection of
information unless it displays a currently valid OMB control number.

Item Instructions
Please answer all questions. Include that your company
does not engage in a particular line of business by entering
a zero for that line item on the reporting form.

Purpose and Scope of Report

ASSETS

The purpose of this report is to provide data for consumer
and business credit series. Include the consolidated
operations of the U.S. parent finance company and all
finance company affiliates and subsidiaries (whether
partially or wholly owned), that are located in the fifty
states of the United States, the District of Columbia, Puerto
Rico, or U.S. dependencies and territories and that are
engaged in domestic consumer and business financing
activities. Exclude from the consolidation the operations
of all domestic nonfinance company affiliates and
subsidiaries and all companies not located in the fifty states
of the United States, the District of Columbia, Puerto Rico,
or U.S. dependencies and territories.

Receivables include direct loans and paper purchased from
manufacturers and retailers before deduction of reserves
for unearned income and reserves for losses.
Include bulk purchases of paper from vendors. In the case
of participation loans, include only that portion of the
original loan owned by you and appearing on your balance
sheet.
In the case of companies requiring full repayment to be
accumulated against indebtedness before crediting, exclude
from liabilities the amount of deposits already accumulated.
Net these accumulated deposits against appropriate
receivables in the Assets section.

Definitions
1. Consumer receivables
For purposes of this questionnaire, a finance company is
defined as a company (excluding credit unions, savings
banks, investment banks, commercial banks, cooperative
banks, industrial loan corporations, and savings and loan
associations) in which the largest portion of the company’s
assets are in one or more of the following kinds of
receivables:

A. Motor vehicle financing: Credit arising from retail
sales of passenger cars and other vehicles such as minivans,
vans, sports-utility vehicles, pickup trucks, and similar light
trucks for personal use. Exclude fleet sales, personal cash
loans secured by automobiles already paid for, loans to
finance the purchase of commercial vehicles and farm
equipment, and lease financing.

A. Consumer receivables - receivables arising from retail
sales of passenger cars and mobile homes, other consumer
goods, such as general merchandise, apparel, furniture and
household appliances, and/or from outlays for home
improvement loans not secured by real estate. Unsecured
personal loans, such as loans for education or to pay for
insurance policies; or personal loans secured by collateral,
such as insurance policies or autos already paid for, etc.;

B. Revolving credit: Retail credit that is extended on a
credit-line basis and that arises from the sale of consumer
goods other than passenger cars and mobile homes. A single
contract governs multiple use of the account and purchases
may be made with a credit card. Generally, credit extensions
can be made at the consumer’s discretion, provided that
they do not cause the outstanding balance of the account to
exceed a prearranged credit limit.

B. Short- and intermediate-term business receivable
including leasing - loans on commercial accounts
receivable, inventory loans, factoring, leasing, retail
installment sales (or purchases) of commercial, industrial
and farm equipment and commercial vehicles, and
wholesale financing of consumer and business goods;

C. Other consumer receivables: All credit arising from
retail sales of consumer goods other than passenger cars
and other vehicles that is not extended under a revolving
credit line. Paper arising from retail sales of mobile homes,
defined as complete dwelling units built on a chassis and
capable at time of initial purchase of being towed over the
highway by truck but not by car.
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FR 2248
OMB No. 7100-0005
Approval expires October 31, 2011

INSTRUCTIONS
Include goods like general merchandise, apparel, furniture,
household appliances, campers, trailers, motorcycles,
airplanes, helicopters, and boats purchased for personal use;
automobile repair paper; credit to finance alterations or
improvements in existing residential properties occupied
by the borrower; secured and unsecured loans made directly
to the borrower for household, family, or other personal
expenses; and unsecured loans to purchase auto insurance
policies as well as loans secured by insurance policies,
automobiles already paid for, and other collateral.

(a) Secured by first liens. Report the amount of all closedend loans secured by first liens on 1-to-4 family residential
properties.
(b) Secured by junior liens. Report the amount of all
closed-end loans secured by junior (i.e., other than first)
liens on 1-to-4 family residential properties. Include loans
secured by junior liens in this item even if the finance
company also holds a loan secured by a first lien on the
same 1-to-4 family residential property and there are no
intervening junior liens.

Exclude loans for business purposes, rediscounted loans,
loans secured by real estate, and wholesale and lease
financing.

B. Multifamily: Credit arising from permanent nonfarm
residential loans secured by real estate as evidenced by
mortgages (FHA or conventional) or other liens on nonfarm
properties with 5 or more dwelling units in structures
(including apartment buildings and apartment hotels) used
primarily to accommodate households on a more or less
permanent basis; 5 or more unit housekeeping dwellings
with commercial units combined where use is primarily
residential; cooperative-type apartment buildings
containing 5 or more dwelling units; and vacant lots in
established multifamily residential sections or in areas set
aside primarily for multifamily residential properties.

2. Loans secured by real estate
A. 1-4 family: Credit arising from revolving or permanent
loans secured by real estate as evidenced by mortgages
(FHA, FmHA, VA, or conventional) or other liens (first or
junior) on nonfarm property containing 1-4 dwelling units
(including vacation homes) or more than 4 dwelling units
if each is separated from other units by dividing walls that
extend from ground to roof (row houses, townhouses, or
the like); mobile homes where state laws define the
purchase or holding of a mobile home as the purchase or
holding of real property and where the loan to purchase
the mobile home is secured by that mobile home as
evidenced by a mortgage or other instrument on real
property; individual condominium dwelling units and loans
secured by an interest in individual cooperative housing
units, even if in a building with 5 or more dwelling units;
vacant lots in established single-family residential sections
or in areas set aside primarily for 1-4 family homes; and
housekeeping dwellings with commercial units combined
where use is primarily residential and where only 1-4 family
dwelling units are involved.

C. Commercial and farm: Credit arising from loans
secured by real estate as evidenced by mortgages or other
liens on business and industrial properties, hotels, motels,
churches, hospitals, educational and charitable institutions,
dormitories, clubs, lodges, association buildings, care
facilities for aged persons and orphans, golf courses,
recreational facilities, and similar properties.
Credit arising from loans secured by farmland and
improvements thereon, as evidenced by mortgages or other
liens. Farmland includes all land known to be used or usable
for agricultural purposes, such as crop and livestock
production, grazing or pasture land, whether tillable or not,
and whether wooded or not.

(1) Revolving, open-end loans secured by 1-4 family
residential properties and extended under lines of credit.
Report the amount outstanding under revolving, open-end
lines of credit secured by 1-to-4 family residential
properties. These lines of credit, commonly known as home
equity lines, are typically secured by a junior lien and are
usually accessible by check or credit card.

Include all other nonresidential loans secured by real estate
as evidenced by mortgages or other liens.
3. Business Receivables
A. Motor vehicle financing

(2) Closed-end loans secured by 1-4 family residential
properties. Report in the appropriate subitem the amount
of all closed-end loans secured by 1-to-4 family residential
properties (i.e., closed-end first mortgages and junior liens).

(1) Retail (commercial vehicles): Credit arising from
retail sales of commercial land vehicles to business. Include
trucks, buses, taxicabs, truck trailers, and other on-the-road
vehicles for which motor vehicle licensing is required.

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FR 2248
OMB No. 7100-0005
Approval expires October 31, 2011

INSTRUCTIONS
Include fleet sales of passenger cars. Exclude lease
financing and paper on business, industrial, or farm
equipment.

homes, campers, and travel trailers. Exclude operating
leases as defined by FAS 13, but include in Assets Items
4.B and 5 below.

(2) Wholesale: Credit arising from transactions between
manufacturers and dealers or other floor plan loans secured
by passenger cars and commercial land vehicles. Exclude
paper secured by mobile homes, passenger car trailers,
boats, airplanes, helicopters, and business, industrial, and
farm equipment.

Business credit with original maturities of up to five years.
Include loans secured by commercial accounts receivable
less the balances withheld for customers pending collection
of receivables. Also include commercial accounts
receivable purchased from factored clients less any amount
due and payable to factored clients. Include secured and
unsecured advances of funds to factored clients.

B. Business, industrial, and farm equipment
Include dealer loans, capital loans, small loans used
primarily for business or farm purposes, multi-collateral
loans, rediscounted receivables of other finance companies
less balances withheld, and all other business loans not
elsewhere classified. Exclude loans secured by real estate
unless included as part of a multi-collateral loan. Real estate
loans are included in Assets Item 2.

(1) Retail and wholesale financing: Credit arising from
the retail sale to business of (or for the purchase of) business,
industrial, and farm equipment. Include all off-the-road
equipment for which motor vehicle licensing is not required.
Include airplanes, helicopters, and boats purchased for
business use. Loans may be secured by chattel mortgages
or conditional sales contracts (purchased money security
agreements) on the machinery or equipment. Exclude loans
to purchase commercial land vehicles secured by real estate.
Exclude lease financing. Wholesale financing is credit
arising from transactions between manufacturers and
dealers or other floor plan loans secured by business,
industrial, and farm equipment. Include all off-the-road
equipment for which motor vehicle licensing is not required,
such as airplanes, helicopters, and boats.

4. Motor vehicle leases: Lease receivables arising from
leasing of passenger cars and commercial land vehicles.
Exclude leasing of mobile homes, campers, motor trailers,
boats, airplanes, helicopters, and business, industrial, and
farm equipment.
PLEASE NOTE: If detail for Items 4.A.1 and 4.A.2 is not
available, provide the total on line 4.A. If detail for Items
4.B.1 and 4.B.2 is not available, provide total on line 4.B.

(2) Capital and leveraged leases: Lease receivables
arising from the leasing of business, industrial, and farm
equipment. Include lease financing of all off-the-road
equipment for which motor vehicle licensing is not required
and lease financing of airplanes, helicopters, and boats
leased for business use. Exclude lease financing of
airplanes, helicopters, and boats leased for personal or
family use (included in Assets Item 3.C). Exclude operating
leases as defined by Financial Accounting Statement 13
(FAS 13) but include in item 5 and in Supplemental Item 4
below.

A. Capital and leveraged
(1) Consumer: Refer to credit on types of receivables
covered by Assets Item 1.A above.
(2) Business: Refer to credit on types of receivables
covered by Assets Item 3.A.1 above.
B. Operating (as defined by FAS 13)
(1) Consumer: Refer to credit on types of receivables
covered by Assets Item 1.A above.
(2) Business: Refer to credit on types of receivables
covered by Assets Item 3.A.1 above.

C. Other business receivables (exclude operating
leases): All other wholesale financing not reported in
Assets Items 3.A.2 and 3.B.1 above including floor plan
transactions between manufacturers and dealers. Include
items such as mobile homes, campers, and travel trailers
as security.

5. Non-motor vehicle operating leases: For business,
industrial, and farm equipment, refer to credit on types of
receivables covered by Assets Item 3.B.1 above. For all
other, refer to credit on types of receivables covered by
Assets Items 1.C and 3.C above. Include all operating leases
as defined by FAS 13 and exclude from the Assets items
above.

All other business lease receivables not reported in Assets
Item 3.B.2 above and not reported in Assets Item 4.A.2
below, including credit arising from the leasing of mobile

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FR 2248
OMB No. 7100-0005
Approval expires October 31, 2011

INSTRUCTIONS
PLEASE NOTE: If detail for Items 5.A and 5.B is not
available, provide the total on line 5.

7.A. Less: Reserves for unearned income: Unearned
discounts and service charges on above receivables.

A. Consumer: Refer to credit on types of receivables
covered by Assets Item 1.C above.

7.B. Less: Reserves for losses: Allowance for bad debt,
unallocated charge-offs, and any other valuation allowances
except the amount of unearned income applicable to the
receivables included above.

B. Business: Refer to credit on types of receivables
covered by Assets Items 3.B.1 and 3.C above.

8. Total assets, net: Sum of Assets Items 1.A through
2.A and 2.B through 6 minus Items 7.A and 7.B. Total
assets, net must equal Total liabilities and capital
(Liabilities Item 7).

6. Other assets and accounts and notes receivable:
Include all assets not already included in line items 1
through 5 above.
A. Cash and cash equivalents: Currency on hand,
demand deposits with banks of other financial institutions
and other kinds of accounts that have the general
characteristics of demand deposits in that the customer may
deposit additional funds at any time and also effectively
may withdraw funds at any time without prior notice or
penalty. Also include cash equivalents defined as shortterm, highly liquid investments that are both readily
convertible to known amounts of cash and are so near their
maturity that they present an insignificant risk of changes
in value because of changes in interest rates. Generally,
only investments with original maturities of three months
or less qualify under this definition. Examples of items
generally considered to be cash equivalents are Treasury
bills, commercial paper, money market funds, and federal
funds sold. See FAS 95 for more information.

LIABILITIES AND CAPITAL
1. Bank loans: Short- and long-term loans and notes
payable to banks. Include overdrafts. Exclude commercial
paper and bank portions of participation loans.
2. Commercial paper: Promissory notes of large
denominations sold directly or through dealers to the
investor, and issued for not longer than 270 days. Include
short-term or demand master notes and paper backed by
letters of credit or other guarantees. Exclude nonnegotiable
promissory notes held by officers of the firm, their families,
and other individuals (included in Liabilities Item 4).
3. Debt due to parent: In the case of a company that is
the subsidiary of another company (not a finance company),
include all short- and long-term indebtedness owed to the
parent company. Exclude the parent company’s equity
(included in Liabilities Item 6).

B. Securities: Value of all trading, available-for-sale or
held-to-maturity debt or equity securities as defined by FAS
115. Examples include debt securities issued by the U.S.
Treasury and other U.S. government corporations and
agencies, debt securities issued by states of the United States
and political subdivisions of the states, debt securities issued
by foreign governments, corporate debt securities, mortgage
and other asset-backed securities, and other debt securities.

4. Debt not elsewhere classified: All other short- and
long-term loans, notes, certificates, negotiable paper, or
other indebtedness not elsewhere classified. Exclude
amount of bank debt already included in Liabilities Item 1
and debt owed to paper included in Liabilities Item 3.

C. All other assets: Include all assets not already included
in line items 6.A and 6.B. Include consolidated companies’
investments in nonconsolidated foreign and domestic
subsidiaries and affiliates. Nonconsolidated subsidiary and
affiliate company claims on consolidated companies (except
debt due to parent) should be netted against the consolidated
companies investment. Exclude operating leases reported
as Items 4.B and 5 above. Exclude overdrafts.

5. All other liabilities: All liabilities not already reported
above or netted against assets. Include dealer reserves, all
tax accruals, short-term certificates of thrift or investment,
deposit liabilities (other than those not withdrawable during
term of loan), and all other liabilities. Exclude liabilities
of consolidated companies to nonconsolidated subsidiaries
of affiliated companies. Such liabilities should be netted
against assets in Assets Item 6 or shown in Liabilities Item
3. Exclude borrower repayment deposits accumulated but
not credited against indebtedness until repayment is made
in full. Such deposits should be netted against appropriate
receivables in the Assets section.

PLEASE NOTE: If detail for line items 6.A, 6.B and 6.C
is not available, please provide the total in line 6.

8

FR 2248
OMB No. 7100-0005
Approval expires October 31, 2011

INSTRUCTIONS
6. Capital, surplus, and undivided profits: All common
and preferred stock and other capital or surplus accounts.
Include undivided profits.

PLEASE NOTE: The characteristic that determines
reportability in Supplemental Items 2 through 6 is
securitization. For determination of the specific category
below in which securitized assets should be reported, please
refer to the item instructions for their counterparts in Assets
Items 1 through 5 above.

7. Total liabilities and capital: Sub of Liabilities Items
1 through 6. Total liabilities and capital must equal Total
assets, net (Assets Item 8).

Supplemental Item 2, Securitized consumer receivables:

SUPPLEMENTAL ITEMS
Supplemental Item 1, Sales of receivables during month:
(Check all boxes that apply.) Whole loan sales that took
place during the reporting month and were sold to U.S.
offices of the following:

A. Credit to consumers to purchase individual
consumer receivables: Refer to Assets Item 1.A above.
B. Revolving credit to consumers: Refer to Assets Item
1.B above.
C. Credit to consumers to purchase consumer goods
other than motor vehicles: Refer to Assets Item 1.C above.

Other finance companies: all finance companies that are
not consolidated in this report.

Supplemental Item 3, Securitized real estate loans:
PLEASE NOTE: If a security is backed by a pool of real
estate loans that contains a combination of multifamily
loans and commercial or farm loans: include it in
Supplementary Item 3.B if the majority of the pooled loans
are secured by multifamily dwellings; include it in
Supplementary Item 3.C if the majority of the pooled loans
are secured by commercial or farm real estate or if the
composition of the pool of loans is unknown.

Commercial banks in the United States: national banks,
state-chartered commercial banks, trust companies that
perform a commercial banking business, industrial banks,
private or unincorporated banks, Edge and agreement
corporations, and U.S. branches and agencies of foreign
banks.
All other financial institutions: all other depository
institutions (other than commercial banks defined above)
and all other nondepository financial institutions (other than
finance companies defined above).

A. 1-4 family: Refer to Assets Item 2.A above.
B. Multifamily: Refer to Assets Item 2.B above.
C. Commercial and farm: Refer to Assets Item 2.C
above.

Nonfinancial institutions: all nonfinancial institutions in
the United States.

Supplemental Item 4, Securitized business receivables:

Supplemental Items 2 through 6

A. Motor vehicle financing:
(1) Retail (commercial vehicles): Refer to Assets Item
3.A.1 above.
(2) Wholesale: Refer to Assets Item 3.A.2 above.

Securitized assets: Receivables that have been packaged
and sold by the reporting finance company to a trustee or
other third party who uses the receivables package as
collateral for an asset-backed security that is sold to
investors. The sale of the package results in the removal
of the underlying receivables from the selling company’s
balance sheet.

B. Business, industrial, and farm equipment:
(1) Retail and wholesale financing: Refer to Assets Item
3.B.1 above.
(2) Capital and leveraged leases: Refer to Assets Item
3.B.2 above.

Report in these items the principal balance outstanding of
securitized assets as defined above. These assets are no
longer on the balance sheet of the reporting finance
company and thus are not included in Assets Items 1 through
5. Include assets such as leases that were never on the
company books, but whose securitizations may be counted
as a managed asset.

C. Other business receivables: Refer to Assets Item 3.C
above.
Supplemental Item 5, Securitized motor vehicle leases:

Exclude from these items the amounts of outright asset sales
that have not been packaged to collateralize an asset-backed
security.

PLEASE NOTE: If detail for Items 5.A.1 and 5.A.2 is not
available, provide the total on line 5.A. If detail for Items
5.B.1 and 5.B.2 is not available, provide the total on line
5.B.
9

FR 2248
OMB No. 7100-0005
Approval expires October 31, 2011

INSTRUCTIONS
A. Capital and leveraged:
(1) Consumer: Refer to Assets Item 4.A.1 above.
(2) Business: Refer to Assets Item 4.A.2 above.
B. Operating:
(1) Consumer: Refer to Assets Item 4.B.1 above.
(2) Business: Refer to Assets Item 4.B.2 above.
Supplemental Item 6, Securitized non-motor vehicle
operating leases:
PLEASE NOTE: If detail for Items 6.A and 6.B is not
available, provide the total on line 6.
A. Consumer: Refer to Assets Item 5.A above.
B. Business: Refer to Assets Item 5.B above.

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