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Quarterly Banking Profile |
| Table VII-A Servicing, Securitization and Asset Sales Activities, All FDIC-Insured Commercial Banks and State Chartered Savings Banks | |||||||||||
| (dollar figures in millions) | 3rd Quarter 2008 |
2nd Quarter 2008 |
1st Quarter 2008 |
4th Quarter 2007 |
3rd Quarter 2007 |
% Change 07Q3-08Q3 |
Asset Size Distribution | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Less Than $100 Million |
$100 Million To $1 Billion |
$1 Billion To $10 Billion |
Greater Than $10 Billion |
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| Assets Securitized and Sold with Servicing Retained or with Recourse or Other Seller-Provided Credit Enhancements | |||||||||||
| Number of institutions reporting securitization activities | 133 | 135 | 134 | 127 | 125 | 6.4 | 15 | 57 | 24 | 37 | |
| Outstanding Principal Balance by Asset Type | |||||||||||
| 1-4 family residential loans | $1,217,806 | $1,087,331 | $1,068,703 | $1,056,363 | $1,033,487 | 17.8 | $64 | $452 | $1,856 | $1,215,435 | |
| Home equity loans | 6,880 | 7,822 | 8,341 | 9,353 | 9,894 | -30.5 | 0 | 0 | 210 | 6,670 | |
| Credit card receivables | 417,832 | 409,883 | 402,171 | 390,035 | 379,662 | 10.1 | 0 | 3,308 | 11,953 | 402,570 | |
| Auto loans | 13,742 | 6,224 | 7,495 | 8,285 | 9,755 | 40.9 | 0 | 0 | 218 | 13,524 | |
| Other consumer loans | 28,090 | 28,870 | 27,787 | 28,542 | 29,386 | -4.4 | 0 | 0 | 0 | 28,090 | |
| Commercial and industrial loans | 11,080 | 12,491 | 12,555 | 14,469 | 16,183 | -31.5 | 0 | 4 | 4,892 | 6,184 | |
| All other loans, leases, and other assets* | 211,398 | 198,089 | 197,091 | 193,875 | 184,941 | 14.3 | 43 | 48 | 296 | 211,010 | |
| Total securitized and sold | 1,906,828 | 1,750,710 | 1,724,143 | 1,700,921 | 1,663,308 | 14.6 | 107 | 3,812 | 19,425 | 1,883,483 | |
| Maximum Credit Exposure by Asset Type | |||||||||||
| 1-4 family residential loans | 7,515 | 7,121 | 7,019 | 6,913 | 6,874 | 9.3 | 3 | 74 | 11 | 7,426 | |
| Home equity loans | 1,347 | 1,527 | 1,752 | 2,000 | 2,336 | -42.3 | 0 | 0 | 6 | 1,341 | |
| Credit card receivables | 24,039 | 23,129 | 21,412 | 19,629 | 19,120 | 25.7 | 0 | 370 | 1,038 | 22,630 | |
| Auto loans | 447 | 352 | 405 | 380 | 426 | 4.9 | 0 | 0 | 13 | 434 | |
| Other consumer loans | 1,428 | 1,417 | 1,406 | 1,379 | 2,114 | -32.5 | 0 | 0 | 0 | 1,428 | |
| Commercial and industrial loans | 170 | 311 | 276 | 603 | 720 | -76.4 | 1 | 27 | 73 | 69 | |
| All other loans, leases, and other assets | 954 | 2,161 | 3,228 | 3,733 | 4,578 | -79.2 | 12 | 255 | 9 | 679 | |
| Total credit exposure | 35,901 | 36,017 | 35,499 | 34,636 | 36,169 | -0.7 | 16 | 727 | 1,151 | 34,008 | |
| Total unused liquidity commitments provided to institution's own securitizations | 1,273 | 1,902 | 2,944 | 4,686 | 5,095 | -75.0 | 0 | 0 | 0 | 1,273 | |
| Securitized Loans, Leases, and Other Assets 30-89 Days Past Due (%) | |||||||||||
| 1-4 family residential loans | 3.8 | 2.8 | 2.5 | 2.8 | 2.9 | 0.7 | 0.0 | 1.3 | 3.8 | ||
| Home equity loans | 1.3 | 0.6 | 0.7 | 0.8 | 0.7 | 0.0 | 0.0 | 2.3 | 1.3 | ||
| Credit card receivables | 2.5 | 2.1 | 2.2 | 2.2 | 2.1 | 0.0 | 1.5 | 1.7 | 2.5 | ||
| Auto loans | 2.1 | 2.2 | 1.9 | 2.4 | 1.9 | 0.0 | 0.0 | 1.1 | 2.1 | ||
| Other consumer loans | 3.2 | 2.7 | 2.5 | 3.1 | 2.8 | 0.0 | 0.0 | 0.0 | 3.2 | ||
| Commercial and industrial loans | 1.6 | 1.3 | 1.2 | 1.0 | 0.9 | 0.0 | 0.0 | 3.4 | 0.2 | ||
| All other loans, leases, and other assets | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.2 | ||
| Total loans, leases, and other assets | 3.0 | 2.3 | 2.2 | 2.4 | 2.4 | 0.4 | 1.3 | 2.1 | 3.1 | ||
| Securitized Loans, Leases, and Other Assets 90 Days or More Past Due (%) | |||||||||||
| 1-4 family residential loans | 3.2 | 2.0 | 2.0 | 1.6 | 1.3 | 1.2 | 0.0 | 0.7 | 3.2 | ||
| Home equity loans | 0.7 | 0.7 | 0.7 | 0.5 | 0.4 | 0.0 | 0.0 | 1.2 | 0.7 | ||
| Credit card receivables | 2.1 | 2.1 | 2.1 | 1.9 | 1.7 | 0.0 | 1.2 | 1.4 | 2.2 | ||
| Auto loans | 0.2 | 0.3 | 0.3 | 0.4 | 0.2 | 0.0 | 0.0 | 0.1 | 0.2 | ||
| Other consumer loans | 2.9 | 2.4 | 2.3 | 2.4 | 2.1 | 0.0 | 0.0 | 0.0 | 2.9 | ||
| Commercial and industrial loans | 1.5 | 1.3 | 1.1 | 0.9 | 0.7 | 0.0 | 0.0 | 3.0 | 0.2 | ||
| All other loans, leases, and other assets | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.2 | ||
| Total loans, leases, and other assets | 2.6 | 1.8 | 1.8 | 1.5 | 1.3 | 0.7 | 1.0 | 1.7 | 2.6 | ||
| Securitized Loans, Leases, and Other Assets Charged-Off (net, YTD, annualized, %) | |||||||||||
| 1-4 family residential loans | 0.3 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | ||
| Home equity loans | 0.4 | 0.2 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 | 1.1 | 0.3 | ||
| Credit card receivables | 4.4 | 2.8 | 1.4 | 4.4 | 3.3 | 0.0 | 2.9 | 3.0 | 4.4 | ||
| Auto loans | 1.3 | 0.9 | 0.4 | 1.3 | 0.8 | 0.0 | 0.0 | 0.3 | 1.3 | ||
| Other consumer loans | 0.6 | 0.4 | 0.2 | 1.3 | 1.1 | 0.0 | 0.0 | 0.0 | 0.6 | ||
| Commercial and industrial loans | 3.6 | 1.9 | 0.8 | 2.0 | 1.2 | 0.0 | 0.0 | 7.9 | 0.2 | ||
| All other loans, leases, and other assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | ||
| Total loans, leases, and other assets | 1.2 | 0.7 | 0.4 | 1.1 | 0.8 | 0.0 | 2.5 | 3.8 | 1.2 | ||
| Seller's Interests in Institution's Own Securitizations - Carried as Loans | |||||||||||
| Home equity loans | 166 | 435 | 282 | 347 | 494 | -66.4 | 0 | 0 | 0 | 166 | |
| Credit card receivables | 98,826 | 82,604 | 73,418 | 86,748 | 77,451 | 27.6 | 0 | 223 | 4,230 | 94,373 | |
| Commercial and industrial loans | 636 | 3,506 | 3,263 | 7,671 | 6,018 | -89.4 | 0 | 0 | 594 | 42 | |
| Seller's Interests in Institution's Own Securitizations - Carried as Securities | |||||||||||
| Home equity loans | 6 | 7 | 9 | 9 | 10 | -40.0 | 0 | 0 | 0 | 6 | |
| Credit card receivables | 623 | 403 | 377 | 436 | 374 | 66.6 | 0 | 7 | 617 | 0 | |
| Commercial and industrial loans | 15 | 1 | 1 | 2 | 6 | 150.0 | 0 | 0 | 0 | 15 | |
| Assets Sold with Recourse and Not Securitized | |||||||||||
| Number of institutions reporting asset sales | 784 | 771 | 759 | 759 | 747 | 5.0 | 150 | 479 | 109 | 46 | |
| Outstanding Principal Balance by Asset Type | |||||||||||
| 1-4 family residential loans | 68,676 | 65,952 | 60,386 | 57,612 | 57,400 | 19.6 | 1,037 | 8,629 | 3,431 | 55,580 | |
| Home equity, credit card receivables, auto, and other consumer loans | 1,606 | 1,718 | 1,886 | 637 | 775 | 107.2 | 1 | 30 | 62 | 1,513 | |
| Commercial and industrial loans | 7,314 | 4,794 | 4,579 | 4,728 | 5,053 | 44.7 | 0 | 174 | 14 | 7,125 | |
| All other loans, leases, and other assets | 41,501 | 28,358 | 26,105 | 24,082 | 21,509 | 92.9 | 0 | 79 | 457 | 40,966 | |
| Total sold and not securitized | 119,097 | 100,822 | 92,956 | 87,059 | 84,737 | 40.5 | 1,038 | 8,912 | 3,963 | 105,183 | |
| Maximum Credit Exposure by Asset Type | |||||||||||
| 1-4 family residential loans | 15,702 | 14,674 | 14,070 | 14,780 | 15,885 | -1.2 | 130 | 1,436 | 1,958 | 12,179 | |
| Home equity, credit card receivables, auto, and other consumer loans | 198 | 171 | 165 | 604 | 742 | -73.3 | 1 | 11 | 60 | 126 | |
| Commercial and industrial loans | 6,180 | 3,614 | 3,335 | 3,393 | 3,422 | 80.6 | 0 | 155 | 14 | 6,011 | |
| All other loans, leases, and other assets | 11,517 | 7,508 | 7,180 | 6,968 | 6,299 | 82.8 | 0 | 13 | 99 | 11,405 | |
| Total credit exposure | 33,597 | 25,967 | 24,750 | 25,745 | 26,348 | 27.5 | 131 | 1,615 | 2,131 | 29,721 | |
| Support for Securitization Facilities Sponsored by Other Institutions | |||||||||||
| Number of institutions reporting securitization facilities sponsored by others | 50 | 48 | 49 | 49 | 50 | 0.0 | 24 | 18 | 3 | 5 | |
| Total credit exposure | 18,464 | 12,668 | 6,825 | 2,843 | 1,478 | 1149.3 | 9 | 72 | 48 | 18,335 | |
| Total unused liquidity commitments | 3,531 | 5,492 | 6,778 | 10,314 | 8,242 | -57.2 | 0 | 0 | 0 | 3,531 | |
| Other | |||||||||||
| Assets serviced for others** | 5,528,813 | 3,921,890 | 3,813,285 | 3,798,682 | 3,648,511 | 51.5 | 3,587 | 66,084 | 107,977 | 5,351,164 | |
| Asset-backed commercial paper conduits | |||||||||||
| Credit exposure to conduits sponsored by institutions and others | 20,830 | 21,083 | 22,332 | 22,226 | 22,592 | -7.8 | 2 | 1 | 236 | 20,591 | |
| Unused liquidity commitments to conduits sponsored by institutions and others | 293,183 | 320,507 | 345,968 | 372,709 | 365,850 | -19.9 | 0 | 27 | 0 | 293,156 | |
| Net servicing income (for the quarter) | 4,110 | 7,280 | 3,532 | 2,718 | 3,635 | 13.1 | 7 | 183 | 225 | 3,695 | |
| Net securitization income (for the quarter) | 3,892 | 3,836 | 5,137 | 5,008 | 5,812 | -33.0 | 0 | 60 | 213 | 3,619 | |
| Total credit exposure to Tier 1 capital (%)*** | 9.00 | 7.30 | 6.60 | 6.40 | 6.50 | 0.70 | 1.90 | 2.50 | 11.80 | ||
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* Line item titled "All other loans and all leases" for quarters prior to March 31, 2006. ** The amount of financial assets serviced for others, other than closed-end 1-4 family residential mortgages, is reported when these assets are greater than $10 million. *** Total credit exposure includes the sum of the three line items titled "Total credit exposure" reported above. |
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| Last Updated 11/25/2008 | Questions, Suggestions & Requests |
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