American Express 2012 Annual Report Download - page 85

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AMERICAN EXPRESS COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 9
CUSTOMER DEPOSITS
As of December 31, customer deposits were categorized as
interest-bearing or non-interest-bearing deposits as follows:
(Millions) 2012 2011
U.S.:
Interest-bearing $ 39,649 $ 37,271
Non-interest-bearing 10 4
Non-U.S.:
Interest-bearing 135 612
Non-interest-bearing 911
Total customer deposits $ 39,803 $ 37,898
Customer deposits were aggregated by deposit type offered by
the Company as of December 31 as follows:
(Millions) 2012 2011
U.S. retail deposits:
Savings accounts — Direct $ 18,713 $ 14,649
Certificates of deposit:
Direct 725 893
Third-party 8,851 10,781
Sweep accounts — Third-party 11,360 10,948
Other deposits 154 627
Total customer deposits $ 39,803 $ 37,898
The scheduled maturities of certificates of deposit as of
December 31, 2012 were as follows:
(Millions) U.S. Non-U.S. Total
2013 $ 4,958 $ 1 $ 4,959
2014 2,613 — 2,613
2015 725 — 725
2016 739 — 739
2017 351 — 351
After 5 years 190 — 190
Total $ 9,576 $ 1 $ 9,577
As of December 31, certificates of deposit in denominations of
$100,000 or more were as follows:
(Millions) 2012 2011
U.S. $ 475 $ 580
Non-U.S. 1304
Total $ 476 $ 884
83