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AMERICAN EXPRESS COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CARD MEMBER LOANS AND RECEIVABLES MODIFIED AS TDRS
The following table provides additional information with respect totheU.S.CardServices(USCS)CardMemberloansandreceivables
modified as TDRs for the years ended December 31. The ICS and GCS Card Member loans and receivables modifications were not
significant.
2014
Number of
Accounts
(in thousands)
Outstanding
Balances(a,b)
($ in millions)
Average Interest
Rate Reduction
(% points)
Average Payment
Term Extensions
(# of months)
Troubled Debt Restructurings:
Card Member Loans 46 $ 342 10 (c)
Card Member Receivables 15 176 (c) 12
Total 61 $ 518
2013
Number of
Accounts
(in thousands)
Outstanding
Balances(a,b)
($ in millions)
Average Interest
Rate Reduction
(% points)
Average Payment
Term Extensions
(# of months)
Troubled Debt Restructurings:
Card Member Loans 60 $ 448 10 (c)
Card Member Receivables 20 247 (c) 12
Total 80 $ 695
2012
Number of
Accounts
(in thousands)
Outstanding
Balances(a,b)
($ in millions)
Average Interest
Rate Reduction
(% points)
Average Payment
Term Extensions
(# of months)
Troubled Debt Restructurings:
Card Member Loans 106 $ 779 12 (c)
Card Member Receivables 37 425 (c) 13
Total 143 $ 1,204
(a) Represents the outstanding balance immediately prior to modification. In certain modifications, the principal balance was reduced in the aggregate amount of
$4 million and $24 million for the years ended December 31, 2013 and 2012, respectively. Modifications did not reduce the aggregate principal balance for the
year ended December 31, 2014.
(b) The outstanding balance includes principal, fees and accrued interest on Card Member loans and principal and fees on Card Member receivables.
(c) For Card Member loans, there have been no payment term extensions. The Company does not offer interest rate reduction programs for Card Member
receivables as the receivables are non-interest bearing.
83