New York
|
1-7657
|
13-4922250
|
||
(State or other jurisdiction of incorporation or organization)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
200 Vesey Street
|
||
New York, New York
|
10285
|
|
(Address of principal executive offices)
|
(Zip Code)
|
Not Applicable
|
(Former name or former address, if changed since last report)
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Item 7.01 |
Regulation FD Disclosure
|
|
|
May 31,
2018
|
|
|
April 30,
2018
|
|
|
March 31,
2018
|
|
|||
USCS Card Member loans:
|
|
|
|
|
|
|
|
|
|
|||
Total loans
|
|
$
|
54.4
|
|
|
$
|
53.1
|
|
|
$
|
52.7
|
|
30 days past due loans as a % of total
|
|
|
1.3
|
%
|
|
|
1.3
|
%
|
|
|
1.4
|
%
|
Average loans
|
|
$
|
53.8
|
|
|
$
|
52.9
|
|
|
$
|
52.4
|
|
Net write-off rate – principal only (a)
|
|
|
2.2
|
%
|
|
|
2.3
|
%
|
|
|
2.2
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Small Business Card Member loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans
|
|
$
|
11.6
|
|
|
$
|
11.3
|
|
|
$
|
11.3
|
|
30 days past due loans as a % of total
|
|
|
1.2
|
%
|
|
|
1.2
|
%
|
|
|
1.3
|
%
|
Average loans
|
|
$
|
11.4
|
|
|
$
|
11.3
|
|
|
$
|
11.1
|
|
Net write-off rate – principal only (a)
|
|
|
1.9
|
%
|
|
|
1.9
|
%
|
|
|
1.8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Card Member loans – U.S. Consumer and Small Business
|
|
$
|
65.9
|
|
|
$
|
64.5
|
|
|
$
|
63.9
|
|
(a)
|
Net write-off rate based on principal only (i.e., excluding interest and /or fees).
|
May 1, 2018
through
May 31, 2018
|
April 1, 2018
through
April 30, 2018
|
March 1, 2018
through
March 31, 2018
|
||||||||||
Ending total principal balance
|
$
|
23.4
|
$
|
23.2
|
$
|
23.3
|
||||||
Defaulted amount
|
$
|
0.04
|
$
|
0.05
|
$
|
0.05
|
||||||
Annualized default rate, net of recoveries
|
1.5
|
%
|
1.7
|
%
|
1.6
|
%
|
||||||
Total 30+ days delinquent
|
$
|
0.2
|
$
|
0.2
|
$
|
0.2
|
AMERICAN EXPRESS COMPANY
(REGISTRANT)
|
||
By:
|
/s/ Kristina V. Fink
|
|
Name: Kristina V. Fink
|
||
Title: Assistant Secretary
|
||