American Express 2015 Annual Report Download - page 175

2015 2014 2013
Years Ended December 31, (Millions, except percentages)
Average
Balance (a)
Average
Balance (a)
Average
Balance (a)
Non-interest-earning assets
Cash and due from banks
U.S. ........................................................................... $ 2,501 $ 2,125 $ 2,082
Non-U.S. ....................................................................... 565 671 580
Card Member receivables, net, including receivables HFS (d)
U.S. ........................................................................... 22,126 21,679 21,197
Non-U.S. ....................................................................... 21,667 22,701 21,386
Other receivables, net
U.S. ........................................................................... 1,678 1,585 1,553
Non-U.S. ....................................................................... 1,032 1,618 1,733
Reserves for Card Member and other loans losses
U.S. ........................................................................... (1,004) (1,014) (1,172)
Non-U.S. ....................................................................... (153) (173) (185)
Other assets (h)
U.S. ........................................................................... 10,218 10,686 10,868
Non-U.S. ....................................................................... 3,837 3,453 2,862
Total non-interest-earning assets ............................................... 62,467 63,331 60,904
U.S. .......................................................................... 35,519 35,061 34,528
Non-U.S. ..................................................................... 26,948 28,270 26,376
Total assets ................................................................... $158,727 $154,426 $152,281
U.S. .......................................................................... 121,279 114,809 114,235
Non-U.S. ..................................................................... 37,448 39,617 38,046
Percentage of total average assets attributable to non-U.S. activities .................. 23.6% 25.7% 25.0%
(a) Averages based on month end balances.
(b) Amounts include (i) average interest-bearing restricted cash balances of $818 million, $945 million and $832 million for 2015, 2014 and 2013,
respectively, which are included in other assets on the Consolidated Balance Sheets, and (ii) the associated interest income.
(c) Average non-accrual loans were included in the average Card Member loan balances in amounts of $202 million, $269 million and $349 million
in U.S. as well as nil, nil and $4 million in non-U.S. for 2015, 2014 and 2013, respectively. Average other loan balances for U.S. include average
non-accrual loans of $1 million, nil and nil for 2015, 2014 and 2013, respectively. Average non-accrual loans are considered to determine the
average yield on loans.
(d) Amount for 2015 include average Card Member loans and average Card Member receivables HFS of $1,143 million and $10 million, respectively,
and the associated interest income.
(e) Average yields for both taxable and non taxable investment securities have been calculated using amortized cost balances and do not include
changes in fair value recorded in other comprehensive loss. Average yield on non-taxable investment securities is calculated on a tax-equivalent
basis using the U.S. federal statutory tax rate of 35 percent.
(f) Amounts include (i) average equity securities balances, which are included in investment securities on the Consolidated Balance Sheets, and
(ii) the associated income. The average yield on other assets has not been shown as it would not be meaningful (n.m.).
(g) The average yield on total interest-earning assets is adjusted for the impacts of the items mentioned in footnote (e).
(h) Includes premises and equipment, net of accumulated depreciation and amortization.
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