Board of Governors of the Federal Reserve System

Instructions

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 June 30, 2021. Whenever 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.

Loan and Lease Activity: Please provide detail related to real estate, consumer and business loans, and capital and operating leases.

Balance Sheet: Please provide summary asset and liability data.

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 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 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 line item 1. Report net of any applicable allowance for credit losses for held-to-maturity securities if ASU 2016-13 is adopted.
3. Loans and Capital Leases: Loans 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.
   1. Real Estate Loans: Outstanding balances on loans, for any purpose, secured by liens on real estate.
      1. 1-4 Family Real Estate Loans: 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.
         1. 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.
         2. 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.
         3. 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 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.
      2. 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.
      3. 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 pastureland, whether tillable or not, and whether wooded or not. Include all other nonresidential loans secured by real estate as evidenced by mortgages or other liens.
   2. Consumer Loans: Outstanding balances on loans for household, family, and other personal expenditures that are not secured by real estate.
      1. 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.
      2. 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.
      3. Student Loans: Include all privately issued, non-federally guaranteed students loans and all federally-guaranteed student loans, such as those extended under the Federal Family Education Loan program (FFELP).
      4. 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 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.
   3. 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.
      1. Business Motor Vehicle Loans
         1. Retail Motor Vehicle Loans: Loans arising from retail sales of commercial 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.
         2. Wholesale Motor Vehicle Loans: Loans made to businesses to finance inventory purchases of commercial vehicles and light motor vehicles. Include all on-the-road vehicles for which motor vehicle licensing is required. Exclude financing secured by mobile homes, trailers, boats, airplanes, helicopters, and commercial, industrial, and agricultural equipment.
      2. Commercial, Industrial, and Agricultural Equipment Loans: 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.
         1. Revolving, open-end loans: Report the amount outstanding under revolving, open-end lines of credit.
         2. Closed-end loans: Report the amount of all closed-end loans.
      3. Other Business Loans: All other retail or wholesale business loans not reported in Asset items 3C(1)(a) or (b) or 3C(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 3A.
   4. 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 non-motor vehicle leases with business line (2)(c).
      1. Consumer Capital Leases:
         1. Motor Vehicle Leases: Receivables arising from capital leases of motor vehicles to consumers. Refer to the definition of motor vehicles noted in Assets Item 3.B(1) above.
         2. Non-motor-vehicle Leases: All other receivables arising from capital leases to consumers not reported in Assets Item 3.D(1)(a) above.
      2. Business Capital Leases:
         1. 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.
         2. Commercial, Industrial, and Agricultural Equipment Leases: 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.
         3. Other Business Leases: All other receivables arising from capital leases to businesses not reported in Assets items 3.D(2)(a) or (b) above.
   5. Reserves:
      1. Reserves for Unearned Income: Unearned discounts and service charges on above receivables.
      2. 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. Institutions that have adopted ASU 2016-13 should report the allowance for credit losses on loans and leases.
   6. 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.
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 that have adopted ASU 2016-13 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, line item 9.

LIABILITIES AND CAPITAL

7. Liabilities
   1. 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 7.F).
   2. 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.
   3. 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. 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.
   4. 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).
   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 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.
   6. Total Liabilities: sum of items 7.A through 7.E.
8. Equity Capital
   1. Retained Earnings and Common Stock: All common stock and retained earnings. Include surplus and undivided profits.
   2. Preferred Stock and Other Capital Accounts: Preferred stock and other forms of capital not included in data item 8.A above.
   3. 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, line item 6.
10. INCOME AND EXPENSES

DOMESTIC INCOME

1. Interest received, finance charges earned, and other income from domestic receivables. Gross interest, fee, and other revenues from loan and lease receivables. Do not include revenues from sales of ancillary products, such as insurance or service contracts.
2. Insurance income (including commissions and dividends on domestic receivables). Gross revenues from sales of credit life and credit disability (accident and health, or A&H). Also include revenues from other debt protection products, which technically are not insurance but provide similar protection to borrowers.
3. Other income from domestic finance operations. Revenues from any other sources, including sales of ancillary products.
4. Total gross domestic income (SUM of income items A through C).

OPERATING EXPENSES

5. Salaries and wages (including cost of Social Security taxes and other fringe benefits).
6. Advertising and publicity.
7. Losses or additions to loss reserves (NET after recoveries). Losses incurred due to loan defaults, renegotiation of terms, or other loan revaluation; additions to the reserve for losses (balance sheet item 3E(2) above). Also called provision or allowance for bad debt. Subtract any recoveries (collections of previously written off bad debt expenses) from this amount.
8. Other operating expenses (EXCLUDE cost of borrowed funds and federal and state income taxes). Any other expenses incurred in conducting the ordinary major business activities of the firm. Operating expenses do not include the cost of borrowed funds or federal and state income taxes.
9. Total operating expenses (SUM of expense items E through H).

NET INCOME

10. Cost of borrowed funds (interest, amortization of debt discount, issuance expenses). Cost of borrowed funds include interest paid, amortization of debt discount, and issuance expenses. Borrowed funds include loans from financial institutions or nonfinancial sources, notes, bonds, debentures, and other types of debt financing.
11. Federal and state income taxes.
12. Net income from domestic operations. Income item D (Total gross domestic income) less expense items I (total operating expenses), J (cost of borrowed funds), and K (federal and state income taxes).

11. SCALE OF OPERATIONS
    1. How many accounts do you have for domestic consumer receivables? Include domestic consumer credit accounts to individuals and families. Consumer accounts are revolving accounts, sales credit, loans, and leases for household, family, and other personal expenditures.
    2. How many accounts do you have for domestic businesses and real estate receivables? Include business accounts and real estate accounts. Business accounts include revolving accounts, loans, and leases for commercial, industrial, or agricultural purposes to sole proprietorships, partnerships, corporations, and other business enterprises. Real estate accounts are loans, for any purpose, secured by liens on any type of real estate.
    3. How many of your offices are located in the U.S.? Include all office locations involved in lending or leasing to consumers and businesses.