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CARD MEMBER LOANS AND RECEIVABLES MODIFIED AS TDRS
The following table provides additional information with respect to the U.S. Card Services (USCS) Card Member
loans and receivables modified as TDRs for the years ended December 31, 2015, 2014 and 2013. The ICS Card Member
loans and receivables modifications were not significant and the Company does not offer modification programs for its
GCS Card Member receivables; therefore, these segments are not included in the following TDR disclosures.
2015
Number of
Accounts
(in thousands)
Outstanding
Balances (a)
($ in millions)
Average
Interest
Rate
Reduction
(% points)
Average
Payment
Term
Extensions
(# of months)
Troubled Debt Restructurings:
Card Member Loans .................................... 40 $285 9 (b)
Card Member Receivables .............................. 12 147 (c) 12
Total ................................................... 52 $432
2014
Number of
Accounts
(in thousands)
Outstanding
Balances (a)
($ in millions)
Average
Interest
Rate
Reduction
(% points)
Average
Payment
Term
Extensions
(# of months)
Troubled Debt Restructurings:
Card Member Loans .................................... 46 $342 10 (b)
Card Member Receivables .............................. 15 176 (c) 12
Total ................................................... 61 $518
2013
Number of
Accounts
(in thousands)
Outstanding
Balances (a)
($ in millions)
Average
Interest
Rate
Reduction
(% points)
Average
Payment
Term
Extensions
(# of months)
Troubled Debt Restructurings:
Card Member Loans .................................... 60 $448 10 (b)
Card Member Receivables .............................. 20 247 (c) 12
Total ................................................... 80 $695
(a) Represents the outstanding balance immediately prior to modification. The outstanding balance includes principal, fees and accrued interest on
Card Member loans, and principal and fees on Card Member receivables. For the year ended December 31, 2013, in certain modifications, the
principal balance was reduced in the aggregate by $4 million. For the years ended December 31, 2015 and 2014, modifications did not reduce
the principal balance.
(b) For Card Member loans, there have been no payment term extensions.
(c) The Company does not offer interest rate reduction programs for Card Member receivables as the receivables are non-interest bearing.
117