American Express 2015 Annual Report Download - page 182

Cross-border Outstandings
Cross-border disclosure is based upon the Federal Financial Institutions Examination Council’s (FFIEC) guidelines
governing the determination of cross-border risk, which have been revised effective December 31, 2013, and this
disclosure has been revised accordingly.
The primary differences between the FFIEC and Guide 3 guidelines for reporting cross-border exposure are: i) the
FFIEC methodology includes mark-to-market exposures of derivative assets which are excluded under Guide 3; and ii)
investments in unconsolidated subsidiaries are included under FFIEC but excluded under Guide 3.
The following table presents the aggregate amount of cross-border outstandings from borrowers or
counterparties for each foreign country that exceeds 1 percent of consolidated total assets for any of the periods
reported below. Cross-border outstandings include loans, receivables, interest-bearing deposits with other banks,
other interest-bearing investments and other monetary assets that are denominated in either dollars or other non-
local currency.
The table separately presents the amounts of cross-border outstandings by type of borrower including
Governments and official institutions, Banks and other financial institutions, Non-Bank Financial Institutions (NBFIs)
and Other.
Years Ended December 31,
(Millions)
Governments
and official
institutions
Banks and
other
financial
institutions NBFIs Other
Total
cross-border
outstandings
Gross
foreign-
office
liabilities
Total
exposure
(net of
liabilities) Cross-border commitments
Australia ...................................2015 $ — $ 193 $ — $ 2,786 $2,979 $ 419 $2,560 $ 5,410
2014 — 287 — 3,089 3,376 488 2,888 5,915
2013 8 227 — 3,499 3,734 529 3,205 6,648
Canada ....................................2015 $356 $ 705 $36 $2,433 $3,530 $1,383 $ 2,147 $ 11,845
2014 710 353 52 3,416 4,531 1,731 2,800 17,763
2013 513 890 57 4,271 5,731 3,027 2,704 19,927
United Kingdom .............................2015 $ 107 $2,068 $32 $3,422 $5,629 $3,174 $2,455 $12,293
2014 23 2,415 16 3,466 5,920 3,465 2,455 11,183
2013 37 2,164 17 3,205 5,423 3,318 2,105 10,291
Mexico .....................................2015 $ 98 $ 61 $ 8 $ 1,890 $2,057 $ 552 $ 1,505 $ 1,053
2014 115 241 5 1,997 2,358 622 1,736 1,154
2013 128 191 7 2,133 2,459 647 1,812 1,313
Japan ......................................2015 $ 4 $ 56 $92 $2,058 $ 2,210 $2,071 $ 139 $ 79
2014 1 41 62 1,824 1,928 1,804 124 66
2013 1 64 31 1,812 1,908 1,794 114 68
Other countries (a) ...........................2015 $ 81 $ 154 $ 11 $4,025 $ 4,271 $ 835 $3,436 $ 613
2014 105 208 17 4,951 5,281 976 4,305 706
2013 127 203 16 4,351 4,697 1,034 3,663 832
(a) Cross-border outstandings between 0.75 percent and 1.0 percent of consolidated total assets are included in Other Countries. For
comparability, countries that meet the threshold for any year presented are included for all years. Countries included are France, Italy,
Netherlands and Germany.
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