Reserves for Losses (Tables)

6 Months Ended

Jun. 30, 2015

Reserves For Losses Tables [Abstract]

Changes in the Card Member receivable reserve for losses

The following table presents changes in the Card Member receivables reserve for losses for the six months endedJune 30:

(Millions)		2015		2014
Balance, January 1		$	94	$	76
	Provisions		71		105
	Other credits (a)		32		15
	Net write-offs (b)		(84)		(92)
	Other debits (c)		(7)		―
Balance, June 30 (d)		$	106	$	104

• Primarily reserve balances applicable to new groups of Card Member receivables purchased from TRS and certain of its subsidiaries and participation interests from affiliates. New groups of Card Member receivables purchased totaled $5.8 billion and $3.4 billion for the six months endedJune 30, 2015 and 2014, respectively.
• Net of recoveries of $53 million and $50 million for the six months endedJune 30, 2015 and 2014, respectively.
• Primarily reserve balances applicable to participation interest in Card Member receivables sold to an affiliate. Sale of participation interest totaled $1.4 billion and nil for the six months ended June 30, 2015 and 2014, respectively.
• In the first quarter of 2015, Credco restructured its Australian and New Zealand funding, resulting in an increase in Card Member receivables and related reserves witha corresponding decline in loans to affiliates.

Changes in the Card Member loans reserve for losses

The following table presents changes in the Card Member loans reserve for losses for the six months endedJune 30:

(Millions)		2015		2014
Balance, January 1		$	3	$	4
	Provisions		3		4
	Net write-offs(a)		(2)		(3)
Balance, June 30		$	4	$	5

Net of recoveries of $1 million and $3 million for the six months endedJune 30, 2015 and 2014, respectively.