Schedule HC-S: Servicing, Securitization, and Asset Sale Activities Guide¶
Form: FR Y-9C (Consolidated Financial Statements for Holding Companies) Schedule: HC-S - Servicing, Securitization, and Asset Sale Activities Frequency: Quarterly Purpose: Disclose securitization activities (own and others'), asset sales, and servicing
Overview¶
The current FR Y-9C HC-S is organized as a seven-column grid (columns A-G by collateral type) for the main securitization items, followed by single/partial-column items for facilities sponsored by others, asset sales, and memoranda. Earlier versions of this guide described a pre-2009 "Originator / Investor / Servicer" layout (items 5-8 with codes B764-B775) that is no longer on the form; the current investor/servicer disclosures were dropped or moved, and the schedule is now collateral-type-segmented.
Column Definitions (A-G)¶
| Column | Collateral type |
|---|---|
| A | 1-4 Family Residential Loans |
| B | Home Equity Lines |
| C | Credit Card Receivables |
| D | Auto Loans |
| E | Other Consumer Loans |
| F | Commercial and Industrial Loans |
| G | All Other Loans, All Leases, and All Other Assets |
Schedule Structure (current FR Y-9C)¶
SECURITIZATION ACTIVITIES (own structures) — columns A-G
├── 1. Outstanding principal balance sold and securitized (servicing retained / recourse)
├── 2. Maximum credit exposure from recourse/seller-provided enhancements (item 1)
├── 3. Unused commitments to provide liquidity to item-1 structures [$100B+ filers]
├── 4. Past due amounts in item 1 (4.a 30-89 days, 4.b 90+ days)
├── 5. Charge-offs (5.a) and recoveries (5.b) on item-1 assets (YTD)
└── 6. Total ownership (seller's) interest carried as securities/loans (cols A-C) [$10B+ filers]
FACILITIES SPONSORED BY OTHERS — partial columns
├── 9. Max credit exposure from enhancements to OTHER institutions' structures (cols A-E)
└── 10. Unused liquidity commitments to OTHER institutions' structures (cols A-E) [$10B+ filers]
ASSET SALES (not securitized) — columns A-B
├── 11. Assets sold with recourse/seller-provided enhancements, not securitized
└── 12. Max credit exposure from enhancements to item-11 assets
MEMORANDA (single column)
├── M.2.a-d. Assets serviced for others (1-4 family w/ & w/o recourse, other, in-foreclosure)
├── M.3.a-b. ABCP conduit credit exposure & liquidity commitments (sponsored by bank / by others)
└── M.4. Outstanding credit card fees and finance charges (in item 1, column G)
Items 7 and 8 are "Not applicable" on the current form.
Securitization Activities (items 1-6)¶
Item 1: Outstanding Principal Balance Sold and Securitized¶
Servicing retained or with recourse / other seller-provided credit enhancements. Reported across columns A-G.
| Column | A | B | C | D | E | F | G |
|---|---|---|---|---|---|---|---|
| MDRM | B705 | B706 | B707 | B708 | B709 | B710 | B711 |
Item 2: Maximum Credit Exposure (item 1 structures)¶
| Column | A | B | C | D | E | F | G |
|---|---|---|---|---|---|---|---|
| MDRM | HU09 | HU10 | HU11 | HU12 | HU13 | HU14 | HU15 |
Current codes are HU09-HU15 (effective 2018-06-30). The pre-2018 single code BHCKB712 is superseded.
Item 3: Unused Liquidity Commitments (item 1 structures)¶
Columns A-G = B726-B732. To be completed by holding companies with $100 billion or more in total assets.
Item 4: Past Due Amounts (included in item 1)¶
| Sub-item | Columns A-G |
|---|---|
| 4.a (30-89 days) | B733-B739 |
| 4.b (90+ days) | B740-B746 |
Item 5: Charge-offs and Recoveries (YTD, item 1 assets)¶
| Sub-item | Columns A-G |
|---|---|
| 5.a (charge-offs) | B747-B753 |
| 5.b (recoveries) | B754-B760 |
Item 6: Total Ownership (Seller's) Interest¶
Carried as securities or loans; columns A-C only = HU16, HU17, HU18 (effective 2018-06-30, $10B+ filers).
Facilities Sponsored by Others (items 9-10)¶
Item 9: Maximum Credit Exposure to Others' Structures¶
Standby letters of credit, purchased subordinated securities, and other enhancements; columns A-E = B776, B779, B780, B781, B782.
Item 10: Unused Liquidity Commitments to Others' Structures¶
Columns A-E = B783, B786, B787, B788, B789 ($10B+ filers).
Asset Sales (items 11-12)¶
| Item | Description | Col A | Col B |
|---|---|---|---|
| 11 | Assets sold with recourse/seller-provided enhancements, NOT securitized | B790 | B796 |
| 12 | Maximum credit exposure for item-11 assets | B797 | B803 |
Memoranda¶
| Item | MDRM | Description |
|---|---|---|
| M.2.a | BHCKB804 | 1-4 family resi mortgages serviced WITH recourse/servicer enhancements |
| M.2.b | BHCKB805 | 1-4 family resi mortgages serviced with NO recourse/servicer enhancements |
| M.2.c | BHCKA591 | Other financial assets serviced for others |
| M.2.d | BHCKF699 | 1-4 family resi mortgages serviced for others in foreclosure at quarter-end |
| M.3.a.(1) | BHCKB806 | ABCP credit exposure - conduits sponsored by bank/affiliate/holding company |
| M.3.a.(2) | BHCKB807 | ABCP credit exposure - conduits sponsored by other unrelated institutions |
| M.3.b.(1) | BHCKB808 | ABCP unused liquidity - conduits sponsored by bank/affiliate/holding company |
| M.3.b.(2) | BHCKB809 | ABCP unused liquidity - conduits sponsored by other unrelated institutions |
| M.4 | BHCKC407 | Outstanding credit card fees and finance charges (in item 1, column G) |
Note: prior guide listed M1=B806 / M2=B807; on the current form these are M.3.a.(1) and M.3.a.(2), and B808/B809 (liquidity) and the M.2 servicing block are added.
Analytical Applications¶
Securitization Activity Level¶
Total securitized (item 1) = Sum across columns A-G of BHCKB705..B711
Retained Exposure Analysis¶
Retained Risk Ratio = Item 2 (max credit exposure) / Item 1 (outstanding securitized)
Higher ratio = more "skin in the game"; Dodd-Frank requires >=5% retention.
Asset Quality of Securitized Pools¶
Delinquency = (Item 4.a + Item 4.b) / Item 1 (by collateral column)
Net loss = Item 5.a (charge-offs) - Item 5.b (recoveries)
Cross-Schedule Reconciliation¶
Off-Balance Sheet (HC-L)¶
Liquidity and credit-enhancement commitments to unconsolidated securitization vehicles also
surface in HC-L off-balance-sheet items.
Variable Interest Entities (HC-V)¶
Consolidated securitization vehicles (VIEs) are reported on Schedule HC-V.
MDRM Quick Reference¶
| Category | Item | MDRM (col A) |
|---|---|---|
| Securitized - outstanding | 1 | BHCKB705 |
| Max credit exposure (own) | 2 | BHCKHU09 |
| Liquidity commitments (own) | 3 | BHCKB726 |
| Ownership interest | 6 | BHCKHU16 |
| Max credit exposure (others) | 9 | BHCKB776 |
| Liquidity commitments (others) | 10 | BHCKB783 |
| Assets sold not securitized | 11 | BHCKB790 |
| Servicing (with recourse) | M.2.a | BHCKB804 |
| ABCP conduit credit exposure | M.3.a.(1) | BHCKB806 |
| Credit card fees | M.4 | BHCKC407 |
Last Updated: 2026-06-11 (v8 conceptual-accuracy sweep) Reference: FR Y-9C field spec (202603), MDRM, and FreeNIC warehouse