American Express 2003 Annual Report Download - page 54

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(p.52_axp_ financial review)
SELECTED STATISTICAL INFORMATION (continued)
(Billions, except percentages and where indicated)
Years Ended December 31, 2003 2002 2001
Worldwide charge card receivables:
Total receivables $28.4 $26.3 $ 26.2
90 days past due as a % of total 1.9% 2.2% 2.9%
Loss reserves (millions) $916 $930 $ 1,032
% of receivables 3.2% 3.5% 3.9%
% of 90 days past due 171% 162% 136%
Net loss ratio as a % of charge volume 0.28% 0.38% 0.42%
Worldwide lending — owned basis:
Total loans $25.8 $22.6 $ 21.0
Past due loans as a % of total:
30–89 days 1.6% 1.9% 2.0%
90+ days 1.1% 1.3% 1.3%
Loss reserves (millions):
Beginning balance $1,030 $831 $ 650
Provision 1,121 1,271 1,231
Net charge-offs (1,148) (1,167) (1,086)
Other (5) 95 36
Ending balance $998 $1,030 $ 831
% of loans 3.9% 4.6% 4.0%
% of past due 145% 144% 120%
Average loans $22.6 $19.9 $ 20.4
Net write-off rate 5.1% 5.9% 5.3%
Net interest yield 9.0% 9.2% 8.4%
Worldwide lending — managed basis:
Total loans $45.3 $39.8 $ 36.0
Past due loans as a % of total:
30–89 days 1.6% 1.9% 2.1%
90+ days 1.1% 1.2% 1.2%
Loss reserves (millions):
Beginning balance $1,529 $1,240 $ 917
Provision 2,188 2,370 2,166
Net charge-offs (2,171) (2,176) (1,879)
Other (5) 95 36
Ending Balance $1,541 $1,529 $ 1,240
% of loans 3.4% 3.8% 3.4%
% of past due 127% 124% 103%
Average loans $41.6 $36.7 $ 34.2
Net write-off rate 5.2% 5.9% 5.1%
Net interest yield 9.5% 10.0% 9.2%