This excerpt taken from the AXP 8-K filed Aug 17, 2009.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
American Express Company (the Company) is hereby furnishing below owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services (USCS) operating segment for the months ended May 31, June 30 and July 31, 2009. As previously stated in its reports filed with the Securities and Exchange Commission (the Commission), the Company believes that its managed basis presentation provides the Companys investors with a more comprehensive portrayal of the key dynamics of the Companys U.S. cardmember lending business over time.