Transactions With Affiliates (Tables)

12 Months Ended

Dec. 31, 2017

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

(Millions, except percentages)		2017			2016			2015
Loans to affiliates and other	$	14,527		$	10,659		$	14,262
Average interest rate on loans to affiliates and other		2.19	%		1.78	%		1.81	%
Due from affiliates	$	189		$	997		$	615
Restricted cash with affiliates		100			―			―
Short-term debt to affiliates		5,997			4,559			5,439
Average interest rate on short-term debt to affiliates		1.04	%		0.49	%		0.19	%
Maximum month-end level of short-term borrowings during the year	$	8,377		$	5,091		$	5,439
Long term debt to affiliates		270			―			―
Average interest rate on long-term debt to affiliates		0.23	%		―			―
Maximum month-end level of long-term borrowings during the year	$	270		$	―		$	―
Due to affiliates		1,988			1,517			1,727
Maximum month-end level of loans to affiliates during the year		14,527			13,083			17,711
Interest income from affiliates and other		279			207			246
Interest expense to affiliates		58			24			10
Other, net expense	$	2		$	1		$	1

Components of loans to affiliates

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

(Millions)		2017		2016
American Express Limited	$	3,847	$	―
American Express Services Europe Limited		2,747		2,484
Amex Bank of Canada		1,737		1,593
American Express Australia Limited		1,616		1,290
American Express International, Inc.		1,180		―
American Express Company		961		4,044
Amex Global Holdings C.V.		888		―
American Express Company (Mexico) S.A. de C.V.		812		765
American Express Bank (Mexico) S.A.		325		291
Alpha Card S.C.R.L./C.V.B.A.		138		―
American Express International, Inc- Branch - Singapore		124		107
American Express International (NZ), Inc.		80		85
Amex Funding Management (Europe) Limited		38		―
American Express Saudi Arabia (C) JSC		34		―
Total ^(a)	$	14,527	$	10,659

As of December 31, 2017 and 2016, approximately $ 5.0 billion and $3.3 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)		2017		2016
AE Exposure Management Limited.	$	4,548	$	3,361
American Express Europe LLC		765		515
American Express Swiss Holdings GmbH		444		376
American Express Holdings Netherlands CV		192		192
Accertify Inc.		48		42
Amex Funding Management (Europe) Limited		―		73
Total	$	5,997	$	4,559