Data Dictionary
Item Number K667
SUBPRIME CONSUMER LOANSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFDK667 | 2011-06-30 | 2013-03-31 | Yes | FFIEC 031 |
| RCONK667 | 2011-06-30 | 2013-03-31 | Yes | FFIEC 041 |
| SVGLK667 | 2011-06-30 | 2011-12-31 | Yes | OTS 1313 |
Data Description:
Report the balance sheet amount of subprime consumer loans, excluding subprime consumer loans that have been reported as nontraditional 1-4 family residential mortgage loans in Memorandum item 7 above. Subprime consumer loans are loans secured by 1-4 family residential properties (as defined for Schedule RC-C, part I, item 1.c) and loans to individuals for household, family, and other personal expenditures (as defined for Schedule RC-C, part I, item 6) that have been made to borrowers who display one or more of the following credit risk characteristics at origination or upon refinancing,
(cont.) whichever is more recent:
-Two or more 30-day delinquencies in the last 12 months, or one or more 60-day delinquencies in the last 24 months;
-Judgment, foreclosure, repossession, or charge-off in the prior 24 months;
-Bankruptcy in the last 5 years; or
-Debt service-to-income ratio of 50 percent or greater, or otherwise limited ability to cover family living expenses after deducting total monthly debt-service requirements from monthly income.
Subprime consumer loans also include loans identified by an insured depository institution as subprime loans based upon similar borrower characteristics and securitizations where more than 50 percent of assets backing the securitization meet one or more of the preceding criteria for subprime loans, excluding those securities reported as trading assets.
The amount to be reported for subprime consumer loans should include purchased credit impaired loans as defined in ASC Subtopic 310-30, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly AICPA Statement of Position 03-3, "Accounting for Certain Loans or Debt Securities Acquired in a Transfer"), provided they meet the characteristics of subprime above.
The amount to be reported in this item should exclude amounts recoverable on subprime consumer loans from the U.S. government, its agencies, or government-sponsored agencies, under guarantee or insurance provisions.