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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) | 2nd Quarter 2008 |
1st Quarter 2008 |
4th Quarter 2007 |
3rd Quarter 2007 |
2nd Quarter 2007 |
% Change 07:2-08:2 |
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 | 139 | 134 | 127 | 125 | 128 | 8.6 | 16 | 60 | 24 | 39 | |
| Outstanding Principal Balance by Asset Type | |||||||||||
| 1-4 family residential loans | $1,087,364 | $1,068,680 | $1,066,324 | $1,033,487 | $1,040,341 | 4.5 | $35 | $518 | $8,785 | $1,078,027 | |
| Home equity loans | 7,822 | 8,341 | 9,353 | 9,894 | 10,640 | -26.5 | 0 | 0 | 213 | 7,608 | |
| Credit card receivables | 409,883 | 402,171 | 390,035 | 379,662 | 372,481 | 10.0 | 0 | 2,993 | 11,634 | 395,257 | |
| Auto loans | 6,224 | 7,495 | 8,285 | 9,755 | 11,800 | -47.3 | 0 | 0 | 252 | 5,972 | |
| Other consumer loans | 28,870 | 27,787 | 28,542 | 29,386 | 27,396 | 5.4 | 0 | 0 | 0 | 28,869 | |
| Commercial and industrial loans | 12,497 | 12,555 | 14,469 | 16,183 | 13,489 | -7.4 | 0 | 58 | 5,231 | 7,207 | |
| All other loans, leases, and other assets* | 198,099 | 197,091 | 193,875 | 184,941 | 162,434 | 22.0 | 15 | 313 | 420 | 197,351 | |
| Total securitized and sold | 1,750,758 | 1,724,121 | 1,710,883 | 1,663,308 | 1,638,581 | 6.8 | 49 | 3,882 | 26,535 | 1,720,292 | |
| Maximum Credit Exposure by Asset Type | |||||||||||
| 1-4 family residential loans | 7,121 | 7,120 | 7,020 | 6,874 | 6,535 | 9.0 | 6 | 82 | 15 | 7,017 | |
| Home equity loans | 1,527 | 1,752 | 2,000 | 2,336 | 2,402 | -36.4 | 0 | 0 | 8 | 1,519 | |
| Credit card receivables | 24,855 | 21,412 | 19,629 | 19,120 | 18,711 | 32.8 | 0 | 267 | 694 | 23,894 | |
| Auto loans | 352 | 405 | 380 | 426 | 555 | -36.6 | 0 | 0 | 14 | 338 | |
| Other consumer loans | 1,417 | 1,406 | 1,379 | 2,114 | 1,768 | -19.9 | 0 | 0 | 0 | 1,417 | |
| Commercial and industrial loans | 311 | 276 | 603 | 720 | 610 | -49.0 | 0 | 24 | 112 | 174 | |
| All other loans, leases, and other assets | 2,161 | 3,228 | 3,733 | 4,578 | 1,053 | 105.2 | 10 | 253 | 32 | 1,866 | |
| Total credit exposure | 37,744 | 35,601 | 34,743 | 36,169 | 31,633 | 19.3 | 17 | 627 | 875 | 36,225 | |
| Total unused liquidity commitments provided to institution's own securitizations | 1,902 | 2,944 | 4,686 | 5,095 | 5,667 | -66.4 | 0 | 0 | 0 | 1,902 | |
| Securitized Loans, Leases, and Other Assets 30-89 Days Past Due (%) | |||||||||||
| 1-4 family residential loans | 2.8 | 2.5 | 2.8 | 2.9 | 2.7 | 1.6 | 0.0 | 0.2 | 2.8 | ||
| Home equity loans | 0.6 | 0.7 | 0.8 | 0.7 | 0.6 | 0.0 | 0.0 | 2.0 | 0.6 | ||
| Credit card receivables | 2.1 | 2.2 | 2.2 | 2.1 | 1.9 | 0.0 | 1.2 | 1.5 | 2.1 | ||
| Auto loans | 2.2 | 1.9 | 2.4 | 1.9 | 1.6 | 0.0 | 0.0 | 0.8 | 2.3 | ||
| Other consumer loans | 2.7 | 2.5 | 3.1 | 2.8 | 2.8 | 0.0 | 0.0 | 0.0 | 2.7 | ||
| Commercial and industrial loans | 1.3 | 1.2 | 1.0 | 0.9 | 0.5 | 0.0 | 0.0 | 2.8 | 0.1 | ||
| All other loans, leases, and other assets | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.3 | ||
| Total loans, leases, and other assets | 2.3 | 2.2 | 2.4 | 2.4 | 2.2 | 1.1 | 0.9 | 1.3 | 2.3 | ||
| Securitized Loans, Leases, and Other Assets 90 Days or More Past Due (%) | |||||||||||
| 1-4 family residential loans | 2.0 | 2.0 | 1.7 | 1.3 | 1.3 | 1.6 | 0.0 | 0.1 | 2.0 | ||
| Home equity loans | 0.7 | 0.7 | 0.5 | 0.4 | 0.3 | 0.0 | 0.0 | 1.1 | 0.7 | ||
| Credit card receivables | 2.1 | 2.1 | 1.9 | 1.7 | 1.6 | 0.0 | 1.0 | 1.3 | 2.1 | ||
| Auto loans | 0.3 | 0.3 | 0.4 | 0.2 | 0.2 | 0.0 | 0.0 | 0.1 | 0.3 | ||
| Other consumer loans | 2.4 | 2.3 | 2.4 | 2.1 | 2.1 | 0.0 | 0.0 | 0.0 | 2.4 | ||
| Commercial and industrial loans | 1.3 | 1.1 | 0.9 | 0.7 | 0.6 | 0.0 | 0.0 | 2.8 | 0.2 | ||
| All other loans, leases, and other assets | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.2 | ||
| Total loans, leases, and other assets | 1.8 | 1.8 | 1.5 | 1.3 | 1.3 | 1.1 | 0.8 | 1.2 | 1.8 | ||
| Securitized Loans, Leases, and Other Assets Charged-Off (net, YTD, annualized, %) | |||||||||||
| 1-4 family residential loans | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 2.6 | 0.1 | ||
| Home equity loans | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.7 | 0.2 | ||
| Credit card receivables | 2.8 | 1.4 | 4.4 | 3.3 | 2.2 | 0.0 | 2.1 | 2.0 | 2.9 | ||
| Auto loans | 0.9 | 0.4 | 1.3 | 0.8 | 0.5 | 0.0 | 0.0 | 0.2 | 1.0 | ||
| Other consumer loans | 0.4 | 0.2 | 1.3 | 1.1 | 0.7 | 0.0 | 0.0 | 0.0 | 0.4 | ||
| Commercial and industrial loans | 1.9 | 0.8 | 2.0 | 1.2 | 0.7 | 0.0 | 0.0 | 4.5 | 0.0 | ||
| All other loans, leases, and other assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
| Total loans, leases, and other assets | 0.7 | 0.4 | 1.1 | 0.8 | 0.5 | 0.0 | 1.6 | 2.6 | 0.7 | ||
| Seller's Interests in Institution's Own Securitizations - Carried as Loans | |||||||||||
| Home equity loans | 435 | 282 | 347 | 494 | 651 | -33.2 | 0 | 0 | 0 | 435 | |
| Credit card receivables | 82,604 | 73,418 | 86,748 | 77,451 | 73,405 | 12.5 | 0 | 252 | 4,211 | 78,140 | |
| Commercial and industrial loans | 3,506 | 3,263 | 7,671 | 6,018 | 2,843 | 23.3 | 0 | 0 | 665 | 2,840 | |
| Seller's Interests in Institution's Own Securitizations - Carried as Securities | |||||||||||
| Home equity loans | 7 | 9 | 9 | 10 | 10 | -30.0 | 0 | 0 | 0 | 7 | |
| Credit card receivables | 403 | 377 | 436 | 374 | 327 | 23.2 | 0 | 10 | 393 | 0 | |
| Commercial and industrial loans | 1 | 1 | 2 | 6 | 9 | -88.9 | 0 | 0 | 0 | 1 | |
| Assets Sold with Recourse and Not Securitized | |||||||||||
| Number of institutions reporting asset sales | 771 | 759 | 759 | 747 | 737 | 4.6 | 148 | 472 | 106 | 45 | |
| Outstanding Principal Balance by Asset Type | |||||||||||
| 1-4 family residential loans | 65,945 | 60,386 | 57,612 | 57,400 | 55,168 | 19.5 | 1,039 | 8,133 | 3,415 | 53,357 | |
| Home equity, credit card receivables, auto, and other consumer loans | 1,718 | 1,886 | 637 | 775 | 603 | 184.9 | 0 | 28 | 3 | 1,686 | |
| Commercial and industrial loans | 4,794 | 4,579 | 4,728 | 5,053 | 7,460 | -35.7 | 0 | 173 | 66 | 4,555 | |
| All other loans, leases, and other assets | 28,358 | 26,105 | 24,082 | 21,509 | 8,035 | 252.9 | 0 | 87 | 531 | 27,740 | |
| Total sold and not securitized | 100,816 | 92,956 | 87,059 | 84,737 | 71,266 | 41.5 | 1,040 | 8,421 | 4,015 | 87,339 | |
| Maximum Credit Exposure by Asset Type | |||||||||||
| 1-4 family residential loans | 14,696 | 14,070 | 14,780 | 15,885 | 14,551 | 1.0 | 137 | 1,466 | 2,036 | 11,057 | |
| Home equity, credit card receivables, auto, and other consumer loans | 171 | 165 | 604 | 742 | 575 | -70.3 | 0 | 5 | 2 | 164 | |
| Commercial and industrial loans | 3,614 | 3,335 | 3,393 | 3,422 | 4,205 | -14.1 | 0 | 156 | 66 | 3,391 | |
| All other loans, leases, and other assets | 7,508 | 7,180 | 6,968 | 6,299 | 2,226 | 237.3 | 0 | 14 | 111 | 7,383 | |
| Total credit exposure | 25,989 | 24,750 | 25,745 | 26,348 | 21,557 | 20.6 | 137 | 1,642 | 2,215 | 21,995 | |
| Support for Securitization Facilities Sponsored by Other Institutions | |||||||||||
| Number of institutions reporting securitization facilities sponsored by others | 47 | 48 | 48 | 50 | 50 | -6.0 | 23 | 15 | 4 | 5 | |
| Total credit exposure | 12,659 | 6,824 | 2,841 | 1,478 | 1,375 | 820.7 | 8 | 94 | 103 | 12,454 | |
| Total unused liquidity commitments | 5,492 | 6,778 | 10,314 | 8,242 | 14,093 | -61.0 | 0 | 0 | 0 | 5,492 | |
| Other | |||||||||||
| Assets serviced for others** | 3,900,984 | 3,801,655 | 3,798,682 | 3,648,511 | 3,570,238 | 9.3 | 3,608 | 66,320 | 104,149 | 3,726,906 | |
| Asset-backed commercial paper conduits | |||||||||||
| Credit exposure to conduits sponsored by institutions and others | 21,083 | 22,332 | 22,226 | 22,592 | 22,211 | -5.1 | 2 | 0 | 257 | 20,824 | |
| Unused liquidity commitments to conduits sponsored by institutions and others | 320,507 | 345,968 | 372,709 | 365,850 | 364,656 | -12.1 | 0 | 0 | 0 | 320,507 | |
| Net servicing income (for the quarter) | 7,246 | 3,532 | 2,718 | 3,635 | 5,330 | 35.9 | 52 | 139 | 224 | 6,830 | |
| Net securitization income (for the quarter) | 3,837 | 5,136 | 5,006 | 5,812 | 5,355 | -28.3 | 0 | 47 | 247 | 3,543 | |
| Total credit exposure to Tier 1 capital (%)*** | 7.5 | 6.6 | 6.4 | 6.5 | 5.6 | 0.7 | 1.8 | 2.4 | 9.6 | ||
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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 08/26/2008 | Questions, Suggestions & Requests |
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