Beginning in 2010:Q4, level estimated by FR Board, HREF, on the basis of data from quinquennial benchmark surveys and monthly surveys of a sample of finance companies conducted by FR Board. Series is shown in Finance Company Quarterly Report, Assets, Securities. Before 2010:Q4, level estimated as percent of Finance Company Quarterly Report, All other assets. The percent is calculated from the Domestic Finance Company Report of Consolidated Assets and Liabilities (form FR2248) as the fraction of Other assets and accounts and notes receivable that is Securities. Unadjusted flow is the change in the level; data for the most recent ten years show no significant seasonality.