The carrying values of these restricted assets, which are presented on the Company’s consolidated statements of financial condition as relating to securitization activities, are shown in the following table (dollars in millions):


	December 31,
	2023		2022
Restricted cash	$	36	$	33

Investors’ interests held by third-party investors	11,725		10,200
Investors’ interests held by wholly-owned subsidiaries of Discover Bank	3,117		3,341
Seller’s interest	15,598		12,220
Loan receivables(1)	30,440		25,761
Allowance for credit losses allocated to securitized loan receivables(1)	(1,347)		(1,152)
Net loan receivables	29,093		24,609
Other assets	2		2
Carrying value of assets of consolidated variable interest entities	$	29,131	$	24,644

(1)The Company maintains its allowance for credit losses at an amount equal to lifetime expected credit losses associated with all loan receivables, which includes all loan receivables in the trusts. Therefore, the credit risk associated with the transferred receivables is fully reflected on the Company’s statements of financial condition in accordance with GAAP.