American Express 2003 Annual Report Download - page 53

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(p.51_axp_ financial review)
SELECTED STATISTICAL INFORMATION
(Billions, except percentages and where indicated)
Years Ended December 31, 2003 2002 2001
Total cards-in-force* (millions):
United States 36.4 34.8 34.3
Outside the United States 24.1 22.2 20.6
Total 60.5 57.0 54.9
Basic cards-in-force (millions):
United States 27.7 26.9 26.8
Outside the United States 19.9 18.3 15.6
Total 47.6 45.2 42.4
Card billed business:
United States $262.1 $234.1 $ 224.5
Outside the United States 90.1 77.3 73.5
Total $352.2 $311.4 $ 298.0
Average discount rate* 2.59% 2.64% 2.67%
Average basic cardmember spending (dollars)* $8,367 $7,645 $ 7,666
Average fee per card — managed (dollars)* $35 $34 $34
Non-Amex brand:**
Cards-in-force (millions) 0.7 0.7 0.7
Billed business $3.9 $3.7 $ 3.4
Travel sales $16.0 $15.5 $ 17.2
Travel commissions and fees/sales 9.4% 9.1% 8.9%
Travelers Cheque and prepaid products:
Sales $19.2 $22.1 $ 23.5
Average outstanding $6.6 $6.5 $ 6.4
Average investments $7.1 $6.9 $ 6.6
Investment yield 5.4% 5.6% 5.8%
Tax equivalent yield 8.4% 8.7% 9.0%
*Cards-in-force include proprietary cards and cards issued under network partnership agreements outside the United States. Average discount rate, average basic cardmember spending and aver-
age fee per card are computed from proprietary card activities only. Total cards-in-force for prior periods have been reduced, reflecting a correction to the number of supplemental cards-in-force.
** These data relate to Visa and Eurocards issued in connection with joint venture activities.