American Express 2001 Annual Report Download - page 39

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axp_37
FINANCIAL REVIEW
Selected Statistical Information
(Billions, except percentages and where indicated)
Years Ended December 31, 2001 2000 1999
Total cards-in-force (millions):
United States 34.6 33.3 29.9
Outside the United States 20.6 18.4 16.1
Total 55.2 51.7 46.0
Basic cards-in-force (millions):
United States 26.8 26.3 23.4
Outside the United States 15.6 13.9 12.3
Total 42.4 40.2 35.7
Card billed business:
United States $ 224.5 $ 221.7 $ 186.4
Outside the United States 73.5 75.0 67.7
Total $ 298.0 $ 296.7 $ 254.1
Average discount rate* 2.67% 2.70% 2.72%
Average basic Cardmember spending (dollars)* $ 7,666 $ 8,229 $ 7,758
Average fee per card
—
managed (dollars)* $34 $36 $39
Non-Amex brand:**
Cards-in-force (millions) 0.7 0.6 0.3
Billed business $ 3.4 $ 3.2 $ 0.7
Travel sales $ 17.2 $ 22.6 $ 22.5
Travel commissions and fees/sales 8.9% 8.1% 8.0%
Travelers Cheque:
Sales $ 23.5 $ 24.6 $ 23.3
Average outstandings $ 6.4 $ 6.4 $ 6.2
Average investments $ 6.6 $ 6.2 $ 5.9
Tax equivalent yield 9.0% 8.9% 8.8%
Managed Charge Card
Receivables:***
Total receivables $ 26.2 $ 29.0 $ 27.0
90 days past due as a % of total 2.9% 2.3% 2.5%
Loss reserves (millions) $ 1,032 $ 964 $ 857
% of receivables 3.9% 3.3% 3.2%
% of 90 days past due 136% 142% 126%
Net loss ratio 0.42% 0.36% 0.41%
Managed U.S. Cardmember
Lending:***
Total loans $ 32.0 $ 28.7 $ 23.4
Past due loans as a % of total:
30– 89 days 2.1% 1.9% 1.8%
90+ days 1.2% 0.9% 0.8%
Loss reserves (millions):
Beginning balance $ 820 $ 672 $ 619
Provision 1,933 1,258 994
Net charge-offs/other (1,676) (1,110) (941)
Ending balance $ 1,077 $ 820 $ 672
% of loans 3.4% 2.9% 2.9%
% of past due 101% 104% 110%
Average loans $ 30.7 $ 25.8 $ 18.9
Net write-off rate 5.6% 4.4% 5.0%
Net interest yield 8.8% 7.6% 8.6%
* Computed from proprietary card activities only.
** This data relates to Visa and Eurocards issued in connection with joint venture activities.
*** Managed Cardmember receivables and loans include securitized assets not reflected on the Consolidated Balance Sheets.