Transactions With Affiliates (Tables)

12 Months Ended

Dec. 31, 2016

Transactions with affiliates as of or for the years ended December 31, were as follows:

(Millions, except percentages)		2016			2015			2014
Loans to affiliates and other	$	10,659		$	14,262		$	15,303
Average interest rate on loans to affiliates and other		1.78	%		1.81	%		2.69	%
Due from affiliates	$	997		$	615		$	2,206
Short-term debt to affiliates		4,559			5,439			4,334
Average interest rate on short-term debt to affiliates		0.49	%		0.19	%		0.15	%
Maximum month-end level of borrowings during the year	$	5,091		$	5,439		$	5,029
Due to affiliates		1,517			1,727			888
Maximum month-end level of loans to affiliates during the year		13,083			17,711			18,695
Interest income from affiliates and other		207			246			384
Interest expense to affiliates		24			10			6
Other, net expense	$	1		$	1		$	(3)

Components of loans to affiliates

The components of loans to affiliates and other as of December 31 were as follows:

(Millions)		2016		2015
American Express Company	$	4,044	$	6,923
American Express Services Europe Limited		2,484		2,981
Amex Bank of Canada		1,593		1,770
American Express Australia Limited		1,290		1,193
American Express Co. (Mexico) S.A. de C.V.		765		778
American Express Bank (Mexico) S.A.		291		337
American Express International, Inc.		107		110
American Express International (NZ) Inc.		85		95
Amex (Saudi Arabia) Limited		―		75
Total ^(a)	$	10,659	$	14,262

As of December 31, 2016 and 2015, approximately $3.3 billion and $3.6 billion, respectively, were collateralized by the underlying Card Member receivables and loans transferred with recourse.

Components of short-term debt to affiliates

Components of short-term debt to affiliates as of December 31 were as follows:

(Millions)		2016		2015
AE Exposure Management Ltd.	$	3,361	$	3,047
American Express Europe LLC		515		1,163
American Express Swiss Holdings		376		389
American Express Holdings (Netherlands) C.V.		192		190
American Express Funding Management (Europe) Limited		73		51
Accertify Inc.		42		―
American Express Travel Related Services Company, Inc.		―		599
Total	$	4,559	$	5,439