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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 as follows:
(Millions) 2013 2012
U.S.:
Interest-bearing $ 40,831 $ 39,649
Non-interest-bearing (includes Card Member credit balances of:
2013, $340 million; 2012, nil)(a) 360 10
Non-U.S.:
Interest-bearing 121 135
Non-interest-bearing (includes Card Member credit balances of:
2013, $437 million; 2012, nil)(a) 451 9
Total customer deposits $ 41,763 $ 39,803
(a) Beginning the first quarter of 2013, the Company reclassified prospectively its Card Member credit balances from Card Member loans, Card Member receivables and
other liabilities to customer deposits.
Customer deposits by deposit type as of December 31 were as follows:
(Millions) 2013 2012
U.S. retail deposits:
Savings accounts – Direct $ 24,550 $ 18,713
Certificates of deposit:
Direct 489 725
Third-party 6,929 8,851
Sweep accounts – Third-party 8,863 11,360
Other retail deposits:
Non-U.S. deposits and U.S. non- interest bearing deposits 155 154
Card Member credit balances – U.S. and non-U.S. 777 —
Total customer deposits $ 41,763 $ 39,803
The scheduled maturities of certificates of deposit as of December 31, 2013 were as follows:
(Millions) U.S. Non-U.S. Total
2014 $ 2,735 $ 3 $ 2,738
2015 1,223 — 1,223
2016 1,658 — 1,658
2017 571 — 571
2018 1,040 — 1,040
After 5 years 191 — 191
Total $ 7,418 $ 3 $ 7,421
As of December 31, certificates of deposit in denominations of $100,000 or more were as follows:
(Millions) 2013 2012
U.S. $ 324 $ 475
Non-U.S. 21
Total $ 326 $ 476
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