New York
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1-7657
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13-4922250
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(State or other jurisdiction
of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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200 Vesey Street, World Financial Center
New York, New York
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10285
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(Address of principal executive offices)
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(Zip Code)
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Not Applicable
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(Former name or former address, if changed since last report)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01
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Regulation FD Disclosure
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October 31,
2012
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November 30,
2012
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(Preliminary)
December 31,
2012
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(Preliminary)
Three months ended December 31,
2012
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|||||||||||||
Cardmember lending:
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||||||||||||||||
Total loans
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$ | 53.3 | $ | 53.6 | $ | 56.0 | $ | 56.0 | ||||||||
30 days past due loans as a % of total
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1.3 | % | 1.2 | % | 1.2 | % | 1.2 | % | ||||||||
Average loans
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$ | 53.1 | $ | 53.4 | $ | 54.8 | $ | 53.9 | ||||||||
Net write-off rate – principal only (a)
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1.9 | % | 2.0 | % | 2.1 | % | 2.0 | % |
(a)
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Net write-off rate based on principal only (i.e., excluding interest and /or fees).
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September 25, 2012
through
October 25, 2012
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October 26, 2012
through
November 23, 2012
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November 24, 2012
through
December 25, 2012
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||||||||||
Ending total principal balance
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$ | 30.5 | $ | 30.2 | $ | 32.2 | ||||||
Defaulted amount, net of recoveries
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$ | 0.1 | $ | 0.1 | $ | 0.1 | ||||||
Annualized default rate, net of recoveries
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1.9 | % | 2.2 | % | 2.1 | % | ||||||
Total 30+ days delinquent
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$ | 0.4 | $ | 0.4 | $ | 0.4 |
AMERICAN EXPRESS COMPANY
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(REGISTRANT)
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By:
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/s/ Carol V. Schwartz
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Name: Carol V. Schwartz
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Title: Secretary
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