Monthly

INSTRUCTIONS FOR PREPARATION OF

Domestic Finance Company Report of
Consolidated Assets and Liabilities
FR 2248

General Instructions
The Federal Reserve is collecting information:
• On companies that supply credit or lease financing
to households or businesses
• To provide the Federal Reserve with data on consumer and business credit
Definition of a finance company for purposes of this
survey:
Finance companies include companies in which more
than 50 percent of assets are held in any of the following types of loan or lease assets:
• Liens on real estate – outstanding balances on loans
or leases, for any purpose, secured by liens on real
estate
• Loans and leases not secured by real estate
• Business loans and leases—outstanding balances on
loans and on leases for commercial and industrial
purposes to sole proprietorships, partnerships, corporations, and other business enterprises
• Consumer loans and leases—outstanding balances on
loans and on leases for household, family, and other
personal expenditures
For purposes of this survey, commercial banks, cooperative banks, credit unions, investment banks, savings
banks, savings and loan institutions, and industrial
loan corporations are NOT considered finance companies. However, subsidiaries of a bank or savings and
loan holding company or foreign banking organization
may be considered finance companies.
For finance companies with overseas operations: The
dollar figures reported in this questionnaire should
include only the domestic part of your company’s
operations, that is, those in the 50 states, the District of
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Columbia, Puerto Rico, or U.S. dependencies and
territories.
For finance companies that own more than 50 percent of
any other company: If your company is part of a larger
set of affiliated companies, please include the consolidated operations of the U.S. parent finance company
and all finance company affiliates and subsidiaries.
Please exclude from the consolidation the operations of
any affiliates and subsidiaries that are not finance companies (please see definition above).
Legal authorization: This information is authorized by
law [12 U.S.C. § 225(a), 263, 353-359]. Although participation is voluntary, your company is an important
part of this effort and your assistance is greatly appreciated. Your response is important and your answers
will be kept confidential.
Respondent burden: We expect it will take you about
35 minutes to respond to this report, including the time
required to review the instructions, gather the data,
and complete the report. Please send any comments
you may have about the time and effort required to
respond, how we might reduce this time and effort, or
any other aspect of this collection of information to:
Secretary, Board of Governors of the Federal Reserve
System, 20th & C Streets N.W., Washington, D.C.
20551; And to the Office of Management and Budget,
Paperwork Reduction Project (7100-0005), Washington, D.C. 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.
Your Company’s Balance Sheet: Please provide the total
amounts, in thousands of dollars, of each of the following types of assets and liabilities of your company
as of the last calendar day of each month. Whenever
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General Instructions

possible, please follow U.S. GAAP standards when
filling out this survey. If you are unable to provide the
level of detail requested, your best reasonable estimate
is appreciated.

Column Instructions
On-balance-sheet: Please provide asset, liability and
equity data from your balance sheet, including detail
related to real estate, consumer and business loans, and
capital and operating leases.
Off-balance-sheet securitizations: Please provide data
on assets that have been packaged and sold by the
reporting finance company to a third party that uses
the assets as collateral for an asset-backed security sold
to investors.
Securitized assets refers to 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. 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 on-balance sheet assets in items 3
and 4. Include assets such as leases that were never on
the company’s books, but whose securitizations may be
counted as a managed asset. Exclude from these items
the amounts of outright asset sales that have not been
packaged to collateralize an asset-backed security.
PLEASE NOTE: 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 3 and 4 below.

Line Item Instructions
Assets
(1) Cash and Cash Equivalents: Currency on hand,
demand deposits with banks or other financial
institutions, and other kinds of accounts that
have the general characteristics of demand deposits in that you may deposit additional funds at
any time and also effectively may withdraw funds
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at any time without prior notice or penalty. Also
include cash equivalents defined as short term,
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.
(2) Securities: Value of all trading, available-for-sale,
or held-to-maturity debt, or equity securities as
defined in ASC Topic 320, Investments-Debt
Securities, and in ASC Topic 321, InvestmentsEquity Securities 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 the 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. Exclude securities
reported in data item 1.
Report amounts net of any applicable allowance
for credit losses for held-to-maturity securities.
(3) Net Loans and Capital Leases: Loans include
direct loans and paper purchased from manufacturers and retailers after 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.
(a) Real Estate Loans: Outstanding balances on
loans, for any purpose, secured by liens on
real estate.
(i) 1–4 Family Real Estate Loans: Credit
arising from revolving or permanent
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General Instructions

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 four
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 five
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.
(a) Revolving, Open-end Loans: Report
the amount outstanding under
revolving, open- end lines of credit
secured by 1–4 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.
(b) Closed-end Loans Secured by First
Liens: Report the amount of all
closed-end loans secured by first
liens on 1–4 family residential
properties.
(c) Closed-end Loans Secured by Junior
Liens: Report the amount of all
closed-end loans secured by junior
(i.e., other than first) liens on 1–4
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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 1–4 family residential property and there
are no intervening junior liens.
(ii) Multifamily Real Estate Loans: 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 five or more dwelling
units in structures (including apartment buildings and apartment hotels)
used primarily to accommodate households on a more or less permanent
basis; five units or more household
dwellings with commercial units combined where use is primarily residential; cooperative-type apartment buildings containing five or more dwelling
units; and vacant lots in established
multifamily residential sections or in
areas set aside primarily for multifamily residential properties.
(iii) Commercial and Farm Real Estate
Loans: 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. Include all
other nonresidential loans secured by
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General Instructions

real estate as evidenced by mortgages
or other liens.
(b) Consumer Loans: Outstanding balances on
loans for household, family, and other personal expenditures that are not secured by
real estate.
(i) Consumer Motor Vehicle Loans: Loans
arising from retail sales of passenger
cars and other vehicles such as minivans, vans, sport-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.
(ii) Revolving Consumer Credit: Retail
credit that is extended on a credit-line
basis and that arises from the sale of
consumer goods other than motor
vehicles 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.
(iii) Government-guaranteed Student Loans:
All federally-guaranteed student loans,
such as those extended under the Federal Family Education Loan Program
(FFELP).
(iv) Private Student Loans: All privately
issued, non-federally guaranteed, student loans.
(v) Other Consumer Loans: All loans arising from retail sales of consumer
goods other than motor vehicles that
are 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
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of being towed over the highway by
truck but not by car. 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 to existing residential
properties occupied by the borrower (if
not secured by real estate); 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. Exclude
loans for business purposes, rediscounted loans, loans secured by real
estate, and wholesale and lease
financing.
(c) Business Loans: Outstanding balances on
loans to sole proprietorships, partnerships,
corporations, and other business enterprises
for commercial, industrial, or agricultural
purposes that are not secured by real estate.
(i) Business Motor Vehicle Loans
(a) Retail Motor Vehicle Loans (commercial land vehicles): Loans arising
from retail sales of commercial land
vehicles to businesses and from
fleet sales of light motor vehicles.
Include all on-the-road vehicles for
which motor vehicle licensing is
required. Exclude retail financing
secured by mobile homes, trailers,
boats, airplanes, helicopters, and
commercial, industrial, and agricultural equipment.
(b) Wholesale Motor Vehicle Loans
(floorplan): Loans made to businesses to finance inventory purchases of commercial land vehicles
and light motor vehicles. Include all
on-the-road vehicles for which
motor vehicle licensing is required.
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Exclude floorplan financing
secured by mobile homes, trailers,
boats, airplanes, helicopters, and
commercial, industrial, and agricultural equipment.
(ii) Commercial, Industrial, and Agricultural Equipment Loans (retail or wholesale): Loans arising from the retail sale
of commercial, industrial, or agricultural equipment to businesses, and
loans made to businesses to finance
inventory purchases of commercial,
industrial, and agricultural equipment.
Loans may be secured by chattel mortgages or conditional sales contracts
(purchase money security agreements)
on the equipment. Include loans arising
from the sales of boats, airplanes, and
helicopters purchased for business use,
as well as all off-the-road equipment
for which motor vehicle licensing is not
required.
(iii) Other Business Loans (retail and wholesale): All other retail or wholesale business loans not reported in Asset items
3.c(1)(a) or (b) or 3.c(2) above. These
loans may include, but are not limited
to: loans secured by mobile homes or
trailers, factoring the purchase of trade
accounts receivable, working capital
loans, asset-based financing, and seasonal loans. Exclude loans secured by
real estate unless included as part of a
multi-collateral loan. Real estate loans
are included in Assets item 3.a.
(d) Capital Leases: Include receivables arising
from both direct financing leases (whether
leveraged or not) and sales-type leases. If
you cannot distinguish between consumer
and business leases, include all motor vehicle
leases in consumer line (1)(a) and all nonmotor vehicle leases in business line (2)(c).
(i) Consumer Capital Leases:
(a) Motor Vehicle Leases: Receivables
arising from capital leases of motor
vehicles to consumers. Refer to the
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definition of motor vehicles noted
in Assets item 3.B(1) above.
(b) Non-motor-vehicle Leases: All other
receivables arising from capital
leases to consumers not reported in
Assets item 3.d(1)(a) above.
(ii) Business Capital Leases:
(a) Motor Vehicle Leases: Receivables
arising from capital leases of motor
vehicles to businesses. Refer to the
definition of motor vehicles noted
in Assets item 3.c(1) above.
(b) Commercial, Industrial, and Agricultural Equipment: Receivables
arising from capital leases of commercial, industrial, and agricultural
equipment to business. Refer to the
definition of commercial, industrial, and agricultural equipment
noted in Assets item 3.c(2) above.
(c) Other Business Leases: All other
receivables arising from capital
leases to businesses not reported in
Assets items 3.d(2)(a) or (b) above.
(e) Reserves:
(i) Reserves for Unearned Income:
Unearned discounts and service
charges on above receivables.
(ii) Allowance for credit losses on loans and
leases: Institutions should report the
allowance for credit losses on loans
and leases.
See the FR Y-9C Glossary entry for
“Allowance for Credit Losses” for further information.
(f) Net Loans and Capital Leases: sum of
on-balance-sheet data items 3.a(1)(a)
through 3.d(2)(c) minus data items 3.e(1)
and 3.e(2).
(4) Operating Leases: Value of fixed assets associated
with operating leases as defined by FAS 13.
Please see instructions for line items
3.d(1)(a) through 3.d(2)(c) for asset details.
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General Instructions

(5) All Other Assets and Accounts and Notes Receivable: Include all assets not already included in
data items 1 through 4 above. 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 company) should be netted
against the consolidated company’s investment.
Exclude overdrafts.
Institutions should report amounts net of any
applicable allowance for credit losses.
(6) Total Assets: sum of on-balance-sheet data items 1,
2, 3.f, 4.c, and 5; must equal Total Liabilities and
Equity Capital, data item 9).

Liabilities and Capital
(7) Liabilities
(a) 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
non-negotiable promissory notes held by
officers of the firm, their families, and other
individuals (included in Liabilities item 7.f).
(b) Bank Loans: Short- and long-term loans and
notes payable to depository institutions
including commercial banks, cooperative
banks, credit unions, savings banks, or saving and loan associations. Include overdrafts.
Exclude commercial paper and bank portions of participation loans.
(c) Notes, Bonds, Debentures and Other Debt:
All other short- and long-term bonds, notes,
debentures, loans, certificates, and negotiable paper not elsewhere classified and
debt repaid solely from cash flows on underlying loans or securities and associated with
asset securitization, loan participation, and
other structured financing activities, including liabilities that were brought on balance
sheet as a result of FAS 166 or FAS 167.

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Exclude amount of bank debt already
included in Liabilities item 7.b, Commercial
paper already included in Liabilities
item 7.a, and debt owed to parent included
in Liabilities item 7.d.
(d) Debt due to Parent Company: 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 8).
(e) 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 5 or shown in Liabilities
item 7.d. 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.
(f) Total Liabilities: sum of items 7.a
through 7.e.
(8) Equity Capital
(a) Retained Earnings and Common Stock: All
common stock and retained earnings.
Include surplus and undivided profits.
(b) Preferred Stock and Other Capital Accounts:
Preferred stock and other forms of capital
not included in data item 8.a above.
(c) Total Equity Capital: sum of items 8.a
and 8.b.
(9) Total Liabilities and Equity Capital: Sum of data
items 7.f and 8.c. Total liabilities and equity capital must equal Total Assets, data item 6.

FR 2248