American Express 2015 Annual Report Download - page 177
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Changes in Net Interest Income — Volume and Rate Analysis (a)
The following table presents the amount of changes in interest income and interest expense due to changes in
both average volume and average rate. Major categories of interest-earning assets and interest-bearing liabilities have
been segregated between U.S. and non-U.S. offices. Average volume/rate changes have been allocated between the
average volume and average rate variances on a consistent basis based upon the respective percentage changes in
average balances and average rates.
2015 vs. 2014 2014 vs. 2013
Increase
(Decrease) due to
change in:
Increase
(Decrease) due to
change in:
Years Ended December 31, (Millions) Average
Volume Average
Rate Net
Change Average
Volume Average
Rate Net
Change
Interest-earning assets
Interest-bearing deposits in other banks
U.S. .................................................... $6 $3$9 $ (6) $ (2) $ (8)
Non-U.S. ............................................... — (2) (2) (3) (5) (8)
Federal funds sold and securities purchased under agreements
to resell
Non-U.S. ............................................... (2) — (2) 4 (1) 3
Short-term investment securities
U.S. .................................................... ——————
Non-U.S. ............................................... —22———
Card Member loans, including loans HFS
U.S. .................................................... 408 72 480 302 (79) 223
Non-U.S. ............................................... (146) 4 (142) (29) (10) (39)
Other loans
U.S. .................................................... 31 13 44 19 1 20
Non-U.S. ............................................... (8) 6 (2) (3) 10 7
Taxable investment securities
U.S. .................................................... ———— (2) (2)
Non-U.S. ............................................... 8 (7) 1 3 (1) 2
Non-taxable investment securities
U.S. .................................................... (30) 9 (21) (23) 2 (21)
Other assets
Primarily U.S. ........................................... (5) 4 (1) (6) 3 (3)
Change in interest income ............................ 262 104 366 258 (84) 174
Interest-bearing liabilities
Customer deposits
U.S.
Savings .............................................. 14 30 44 22 (15) 7
Time ................................................. 59 (3) 56 (47) (30) (77)
Demand .............................................. ——————
Non-U.S.
Other time and savings ................................. 2 (1) 1 —11
Other demand ........................................ —11———
Short-term borrowings
U.S. .................................................... 112—11
Non-U.S. ............................................... (3) (3) (6) 1 (1) —
Long-term debt
U.S. .................................................... (20) (114) (134) 9 (175) (166)
Non-U.S. ............................................... (25) (6) (31) (11) (7) (18)
Other liabilities
Primarily U.S. ........................................... (16) (1) (17) 2 (1) 1
Change in interest expense ........................... 12 (96) (84) (24) (227) (251)
Change in net interest income ......................... $ 250 $200 $ 450 $282 $ 143 $ 425
(a) Refer to footnotes from “Distribution of Assets, Liabilities and Shareholders’ Equity” for additional information.
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