UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K

(Mark One)
      ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2016

or

         TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission file number 1-7657

A.           Full title of the plan and the address of the plan, if different from that of the issuer named below:

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

B.             Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

AMERICAN EXPRESS COMPANY
200 Vesey Street
New York, New York 10285
 
 
 
 

 

 

 

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedule



Table of Contents

 
Page
   
 
   
FINANCIAL STATEMENTS
 
   
1
   
2
   
3
   
 
   
16
   
17
   
Schedule H, Line 4i - Schedule of Assets (Acquired and Disposed of Within Year) for the Year Ended December 31, 2016  57
   
58
   
E-1

*
Other supplemental schedules required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required.






Report of Independent Registered Public Accounting Firm


To the Administrator of the
American Express Retirement Savings Plan

In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the American Express Retirement Savings Plan (the “Plan”) as of December 31, 2016 and 2015, and the changes in net assets available for benefits for the year ended December 31, 2016 in conformity with accounting principles generally accepted in the United States of America.  These financial statements are the responsibility of the Plan’s management.  Our responsibility is to express an opinion on these financial statements based on our audits.  We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

The supplemental schedule of assets (held at end of year) as of December 31, 2016, the schedule of assets (acquired and disposed of within year) and the schedule of delinquent participant contributions for the year then ended have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements.  The supplemental schedules are the responsibility of the Plan’s management.  Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules.  In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.  In our opinion, the schedule of assets (held at end of year) and the schedule of delinquent participant contributions are fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
June 28, 2017
 
 
 

 
 
 
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits
as of December 31, 2016 and 2015

(Thousands)
 
2016
   
2015
 
Assets
           
Investments, at fair value:
           
Money market funds
 
$
55,245
   
$
56,157
 
Corporate debt instruments
   
76,738
     
55,244
 
Common stocks
   
1,777,962
     
1,805,722
 
U.S. Government and agency obligations
   
168,684
     
181,742
 
Common/collective trusts
   
860,605
     
796,700
 
Mutual funds
   
747,142
     
686,769
 
Self-directed brokerage accounts
   
134,956
     
136,764
 
Other investments
   
92,912
     
76,028
 
Total investments, at fair value
   
3,914,244
     
3,795,126
 
Fully benefit responsive investment contracts, at contract value
   
553,762
     
546,319
 
Due from brokers
   
4,611
     
2,045
 
Cash (non-interest bearing)
   
86
     
5
 
Receivables:
               
Notes receivable from participants
   
78,998
     
81,596
 
Investment income accrued
   
2,570
     
2,366
 
Employer contributions:                 
  Profit sharing
   
47,070
     
38,296
 
  Other than profit sharing
   
21,712
     
25,171
 
Total Assets
   
4,623,053
     
4,490,924
 
Liabilities
               
Accrued expenses
   
2,294
     
2,753
 
Due to brokers
   
2,558
     
2,254
 
Total Liabilities
   
4,852
     
5,007
 
Net assets available for benefits
   $
4,618,201
     $
4,485,917
 

See accompanying notes to the financial statements.
 
 
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2016
 
(Thousands)
 
2016
 
Contributions
     
Employer
     
Profit sharing
 
$
47,095
 
Other than profit sharing
   
111,998
 
Employee
   
152,113
 
Rollovers
   
11,318
 
Total contributions
   
322,524
 
Investment income
       
Net appreciation of investments
   
215,729
 
Interest and dividends
   
62,805
 
Other income
   
328
 
Total investment income
   
278,862
 
Interest on notes receivable from participants
   
3,353
 
Total additions to net assets
   
604,739
 
Withdrawal payments
   
(461,376
)
Administrative expenses
   
(11,079
)
Total deductions to net assets
   
(472,455
)
Net increase in net assets available for benefits
   
132,284
 
Net assets available for benefits at beginning of year
   
4,485,917
 
Net assets available for benefits at end of year
 
$
4,618,201
 

See accompanying notes to the financial statements.
 
 
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
1.
Description of the Plan

General

The American Express Retirement Savings Plan (the “Plan”), which became effective June 11, 1973, is a defined contribution pension plan.  Under the terms of the Plan, regular full-time and certain part-time employees of American Express Company and its participating subsidiaries (the “Company”) can make elective contributions to the Plan beginning as soon as practicable after their date of hire and are eligible to receive Company contributions, if any, upon completion of six months of service.

The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).  The following is not a comprehensive description of the Plan, and therefore does not include all situations and limitations covered by the Plan.  The Plan Document is the exclusive governing document and should be referred to for more complete information.

Administration

Wells Fargo Bank, N.A. is the Trustee and Recordkeeper for the Plan.  The Plan is administered by the Company’s Employee Benefits Administration Committee (“EBAC”) and the Company’s Retirement Savings Plan Investment Committee (“RSPIC”).  The Plan Document requires that the American Express Company Stock Fund be offered as an investment option, subject to compliance with ERISA.  RSPIC has the power to select the other investment options available under the Plan and the manner in which these investment options are invested.  Subject to Plan limits, RSPIC also has the power to appoint investment managers to make investment decisions.  Under the terms of the Plan Document, the members of EBAC and RSPIC are appointed by the Company’s Vice President, Benefits & Mobility.

Compensation

The participant compensation (commonly referred to as “Total Pay”) that is used in the calculation of Plan contributions generally includes an employee’s base pay plus overtime, shift differentials, and most commissions and incentives.  For participants above certain salary grades, as defined by the Plan, Total Pay does not include any incentive pay which, in the aggregate, is in excess of one times their base salary when calculating Company contributions.

For purposes of the Plan, compensation is limited to a participant’s regular cash remuneration up to a maximum of $265,000 in both 2016 and 2015, before tax deductions and certain other withholdings.

Contributions

The Plan currently provides for the following contributions:

Elective Contributions
Each pay period, participants may make Before-Tax Contributions, Roth Contributions, and/or After-Tax Contributions up to 10% of eligible compensation, or a combination thereof, not to exceed 80% of their Total Pay, to the Plan through payroll deductions. Roth Contributions are a special type of after-tax contribution and are subject to most of the same rules as Before-Tax Contributions. The Internal Revenue Code of 1986, as amended (the “Code”) imposes a limitation that is adjusted annually for cost of living increases on participants’ pre-tax and Roth contributions to plans which are qualified under Code Section 401(k) and other specified tax favored plans. For both 2016 and 2015, this limit was $18,000 for participants under age 50 and $24,000 for participants age 50 or older. The Plan complied with non-discrimination requirements under the Code during 2016 and 2015 by utilizing the safe harbor design for deferrals and matching contributions in accordance with Sections 401(k)(12) and 401(m)(11) of the Code.

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Eligible employees hired for the first time on or after January 1, 2017 are automatically enrolled to make Before-Tax Contributions equal to 3% of base pay, with a 1% automatic increase each year until the rate reaches 10%, unless the employee makes an alternative election to contribute at a different rate or opt out of automatic enrollment.

Company Matching Contributions
The Company matches 100% of a participant’s Before-Tax Contributions and/or Roth Contributions up to 5% of Total Pay after a participant’s completion of six months of service.  Effective January 1, 2017, the Company Matching Contribution increased to 6% of Total Pay.

Profit Sharing Contributions
Upon a participant’s completion of six months of service, additional Company contributions up to 5% of a participant’s Total Pay may be made annually at the Company’s discretion which can be based, in part, on the Company’s performance. Participants must be employed on the last working day of the Plan year (or be disabled under the terms of the Plan) to be eligible for any Profit Sharing Contributions made for that Plan year. Profit Sharing Contributions to eligible participants are made regardless of whether the eligible participant contributes to the Plan. Profit Sharing Contributions comprised 2.50% and 2.00% of eligible participants’ Total Pay in 2016 and 2015, respectively.

Qualified Non-Elective Contributions
The Company may make Qualified Non-Elective Contributions (“QNEC”). A QNEC is a discretionary, fully vested contribution. The Company may designate all or part of a Company profit sharing contribution as a QNEC. Alternatively, the Company may, in its sole discretion, make an additional contribution designated as a QNEC. Any QNECs are fully vested when made and distributable only under circumstances that permit distributions of Before-Tax Contributions or Roth Contributions (excluding hardship withdrawals). QNECs may be allocated as a uniform percentage of eligible compensation for designated employees and may be restricted to only such employees employed on the last day of the Plan year. Alternatively, the Company may direct that QNECs be allocated among specifically designated non-highly compensated employees in varying percentages of compensation as permitted by law.

Conversion Contributions
For eligible employees on the Company’s United States payroll or on unpaid leave of absence on July 1, 2007 and who generally commenced service prior to April 1, 2007, the Company makes Conversion Contributions equal to a percentage of compensation. The amount of the participant’s Conversion Contributions is based on his/her projected attained age plus completed years of service with the Company as of December 31, 2008.  Conversion Contributions range from 0.5% to 8.0% of Total Pay.  Effective January 1, 2018, the Company will phase out Conversion Contributions.  No Conversion Contributions will be provided for periods after December 31, 2018.

Disability Contributions
Certain qualifying participants who become disabled, as defined by the Plan Document, are eligible to receive contributions similar to Company Conversion, Profit Sharing and/or Matching Contributions.

Transfer of Account Balances
A participant’s account balance may be transferred among the Plan’s investment options upon receipt of instructions from the participant. Account balances may be allocated among the Plan’s investment options on a daily basis.

Participant Rollovers
A rollover contribution is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers are accepted into the Plan, but are not subject to Company contributions.

In-Plan Roth Conversions
The Plan allows for in-Plan Roth conversions.

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Vesting
Participants are immediately vested in their elective Before-Tax, Roth and After-Tax Contributions and rollovers, if any, as well as the investment earnings on the foregoing. Other contributions become vested as set forth below:

Company Matching Contributions
Company Matching Contributions and investment earnings thereon are immediately 100% vested.

Profit Sharing Contributions
Profit Sharing Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.

Qualified Non-Elective Contributions
QNECs are immediately 100% vested and investment earnings thereon are immediately 100% vested.

Conversion Contributions
Conversion Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.

Disability Contributions
Disability Contributions are immediately 100% vested.

Forfeitures
Forfeitures of terminated participants’ non-vested accounts, as well as amounts attributable to outstanding checks to which the payee cannot be located, are used to pay Plan expenses or to reduce future Company contributions.  Amounts attributable to uncashed checks may, in accordance with EBAC’s direction, be allocated wholly or partly to a reserve to cover future claims for these benefits or be treated in accordance with the normal rules for forfeitures. Forfeited non-vested balances were $1.0 million and $1.3 million as of December 31, 2016 and 2015, respectively. Accrued 2016 Profit Sharing Contributions made to the Plan in March 2017 were reduced by $0.6 million from forfeited account balances.

Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts and Plan assets will be distributed in accordance with the Plan Document.

Notes Receivable from Participants
Notes receivable from participants (loans) are carried at their unpaid principal balance plus any accrued but unpaid interest.  Participants are allowed to apply for a loan from the Plan for a minimum amount of $500 up to the lesser of $50,000 or 50% of their vested balance, subject to certain restrictions set forth in the Plan and the Code.  General purpose loans are limited to terms of 59 months.  Loans to purchase a principal residence have a maximum term of 359 months.  Loan repayment amounts, including principal and interest, are deducted each pay period and allocated to participants’ investment accounts in accordance with the election in effect for new contributions at the time of repayment.  Terminated participants who have an outstanding loan may make arrangements with the Recordkeeper to pay the loan in full, or make installment payments.  If arrangements are not made for the payment of the outstanding loan balance, the loan amount will be considered in default and the outstanding loan balance will be offset from the account balance, subject to income tax regulations.

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Loans are collateralized by the participant’s remaining vested account balance and the interest rate is fixed for the life of the loan.  The interest rate determination is based on the prime rate plus one percentage point.  In the event of a loan default, the loan is treated as a deemed distribution (i.e., as an early withdrawal of funds from the Plan for tax purposes), which subjects the participant to income tax plus any penalties imposed by the Code based on the loan balance.  If the participant is still employed, the loan balance remains outstanding as an obligation of the participant until it is either repaid or the participant terminates employment.  In the event of a termination, either voluntary or involuntary, the loan may be deducted from the participant’s Plan account balance.  Loans outstanding to participants at December 31, 2016, carried interest rates varying from 3.25% to 9.50% and will mature at various dates through November 2046.

Tax Deferrals
As long as the Plan remains qualified and the related Trust (the “Trust”) remains tax exempt, amounts invested in the Plan through Before-Tax Contributions and Company contributions and rollovers, as well as the investment earnings on such amounts, are not subject to federal income tax until distributed to the participant. After-Tax Contributions are taxed when contributed, with earnings taxed upon distribution. Roth Contributions are taxed when contributed, and earnings on Roth Contributions and rolled-in Roth amounts qualify for tax-free distribution if a participant (i) reaches age 59-1/2, dies or becomes disabled (as defined by federal law) and (ii) has a Roth Contribution account with the Plan (or another plan from which a direct rollover of Roth contributions is received) for at least five taxable years. If those conditions are not met, earnings on Roth Contributions are taxed when distributed. Amounts that are converted to Roth status through an in-plan Roth conversion are taxed when converted (with the exception of After-Tax Contributions; however, earnings on After-Tax Contributions are subject to tax when converted), and thereafter are subject to the Roth taxation rules.

Distributions and Withdrawals
Upon termination of employment due to disability, death or retirement at or after attainment of the Plan’s normal retirement age (65), participants or their beneficiaries are fully vested and eligible to receive a distribution of the full value of their accounts. If employment ends for other reasons, participants are eligible to receive a distribution of their vested account balance. When employment ends, participants (or their beneficiaries) may elect to receive their vested balance as a lump sum cash amount, American Express Company common shares, if applicable, shares of any investment available through the Self-Directed Brokerage Account (“SDA”), if applicable, or a combination of cash and shares. If the account balance is greater than $1,000, a participant may elect to defer distribution until April 1st of the year following the year in which the participant attains age 70-1/2. If the account balance is $1,000 or less, a distribution will be made in a lump sum following the end of employment. Participants may request a withdrawal of all or a portion of their vested account balance subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Distributions and withdrawals are recorded when paid. Distributions may be rolled over to a qualified Individual Retirement Account (“IRA”) or other qualified employer retirement plan, if that plan allows rollovers.

Expenses
The Company, in its discretion, may pay certain administrative expenses, with any expenses not paid by the Company being charged to the Plan.  Expenses related to separately managed investment funds are generally paid out of the applicable investment funds.  Fees, commissions, and other charges and administrative expenses that are attributable to the investment funds as a whole are generally paid from the Plan. All such expenses that are paid by the Plan are included within the administrative expenses on the Statement of Changes in Net Assets Available for Benefits.  Fees and expenses incurred indirectly by the Plan from the underlying mutual funds and collective trusts in which the Plan may invest are not included in the Statement of Changes in Net Assets Available for Benefits as expenses, but reduce the asset value of that mutual fund or collective trust.  Additional expenses are associated with the SDA, and participants electing to invest through the SDA are charged directly for these fees through their SDA.

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Effective January 1, 2016, Wells Fargo Institutional Retirement & Trust reduced fees charged to the Plan for recordkeeping of participant accounts, as well as trust and custody of plan assets, and the Plan’s fee structure was changed to provide for a flat per-participant fee rather than an asset-based fee for recordkeeping services. Also effective January 1, 2016, the Plan’s investment adviser, NEPC, LLC restructured its fees to receive a higher proportion of its compensation in the form of a flat fee and reduced the asset-based fees charged to the Plan’s Retirement Funds.
 
2.
Summary of Significant Accounting Policies

Use of Estimates

The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Accounting estimates are an integral part of the financial statements. These estimates are based, in part, on management’s assumptions concerning future events. Among the more significant assumptions are those that relate to fair value measurements. These accounting estimates reflect the best judgment of management, but actual results could differ.

Investment Valuation and Income Recognition

Investments are generally reported at fair value, with the exception of fully benefit responsive investment contracts, which are reported at contract value.  Investments traded on securities exchanges, including common and preferred stocks, are valued at the year-end closing market prices or, in the absence of a closing price, the last reported trade price at the financial statement date. The fair value of the Plan’s corporate debt instruments, U.S. Government and agency securities, municipal bonds and foreign bonds, are valued using a variety of observable market inputs, depending on the type of security being priced, and are obtained from pricing services engaged by the Plan’s Trustee.  See Note 3 (Fair Value Measurements) for a detailed discussion of the valuation techniques.

Purchases and sales of securities are reflected on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis.  As required by the Plan, all dividend and interest income is reinvested into the same investment option in which the dividends and interest income arose with the exception of the American Express Company Stock Fund, which is an investment option and an Employee Stock Ownership Plan (“ESOP”).  The ESOP holds shares of American Express Company stock on behalf of participants.  Dividends are automatically reinvested in the American Express Company Stock Fund, unless participants elect that the dividends paid with respect to their interest in the fund be distributed in cash in the form of withdrawal payments.

The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation in the fair value of its investments, which consists of the realized gains or losses and the unrealized appreciation or depreciation on those investments.

Subsequent Events

The Plan has evaluated subsequent events for potential recognition and disclosure through the date the financial statements were issued.  The Company made certain changes to the Plan effective January 1, 2017, including the increase in the Company Matching Contribution to 6% of Total Pay, the phase-out of the Conversion Contributions and the implementation of automatic enrollment for new employees hired for the first time on or after January 1, 2017.  These changes are discussed in Note 1 (Contributions).

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Recently Issued Accounting Standards

In May 2015, the Financial Accounting Standards Board (FASB) issued ASU 2015-07, which provided guidance on fair value measurement.  The guidance eliminates the requirement for the Plan to categorize investments using the Net Asset Value practical expedient in the fair value hierarchy table; however, the fair value of these investments must still be disclosed separately.  The guidance, which requires retrospective application, has been applied for the plan years ended December 31, 2016 and 2015 and did not have a material impact on the Plan’s financial statements.

In July 2015, the FASB issued new accounting guidance on defined contribution plan accounting that is required to be applied retrospectively and is effective for plan years beginning January 1, 2016. The guidance, which is summarized into three parts, provides a number of changes aimed to simplify the accounting and disclosure requirements of retirement plan financial statements. The Plan elected to early adopt Part I (Fully Benefit-Responsive Investment Contracts) and Part II (Plan Investment Disclosure) in the financial statements for the year ending December 31, 2015, with no material impact on the Plan’s financial statements and related disclosures.  Part III (Measurement Date Practical Expedient) which specifies that Plan assets will be allowed to be measured on a month-end date that is closest to a plan’s fiscal year-end when its year-end does not coincide with a month-end was not early adopted but does not have any impact on the Plan’s financial statements as the Plan year-end coincides with a month-end.

3.
Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date, based on the Plan’s principal or, in the absence of a principal, most advantageous market for the specific asset or liability.

GAAP provides for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

Level 1 – Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan can access.


Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:


Quoted prices for similar assets or liabilities in active markets;
Quoted prices for identical or similar assets or liabilities in markets that are not active;
Inputs other than quoted prices that are observable for the asset or liability; and
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.


Level 3 – Inputs that are unobservable and reflect the Plan’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).
 
The Plan monitors the market conditions and evaluates the fair value hierarchy levels at least annually. For any transfers in and out of the levels of the fair value hierarchy, the Plan elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred.

The Plan, in partnership with a third-party, corroborates the prices provided by its Trustee’s pricing services to test their reasonableness by comparing their prices to valuations from different pricing sources as well as comparing prices to the sale prices received from sold securities. In instances where price discrepancies are identified between different pricing sources, the Plan would evaluate such discrepancies to ensure that the prices used for its calculation represent the fair value of the underlying investment securities.

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Financial Assets Carried at Fair Value
Financial assets disclosed in the tables below represent two types of assets. Assets held in funds (either mutual funds or common/collective trusts) are disclosed in the table according to the appropriate fund category (the underlying securities of those funds are not disclosed separately).  Assets held in separate accounts (which are wholly owned by the Plan) are disclosed according to the appropriate category of the individual securities of those separately managed accounts; these individual securities include common stocks and fixed income securities.  As such, the classification of financial assets in the table does not correspond to the classification of the investment options available to Plan participants, as discussed in Note 4 (Investments).
 
The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2016:

 
Description (Thousands)
 
Total
   
Level 1
   
Level 2
 
Money market funds
 
$
55,245
   
$
55,245
   
$
 
Corporate debt instruments
   
76,738
     
     
76,738
 
Common stocks
   
1,777,962
     
1,777,962
     
 
Common/Collective trusts
   
672,722
     
     
672,722
 
U.S. Government and agency obligations
   
168,684
     
     
168,684
 
Mutual funds
   
747,142
     
747,142
     
 
Self-directed brokerage accounts
   
134,956
     
134,956
     
 
Other investments
   
92,912
     
     
92,912
 
   Total assets in the fair value hierarchy
 
$
3,726,361
   
$
2,715,305
   
$
1,011,056
 
Common/collective trusts measured at net asset value ("NAV")
   
187,883
                 
   Total investments, at fair value
 
$
3,914,244
                 


The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2015:


Description (Thousands)
 
Total
   
Level 1
   
Level 2
 
Money market funds
 
$
56,157
   
$
56,157
   
$
 
Corporate debt instruments
   
55,244
     
     
55,244
 
Common stocks
   
1,805,722
     
1,805,722
     
 
Common/Collective trusts
   
614,626
     
     
614,626
 
U.S. Government and agency obligations
   
181,742
     
     
181,742
 
Mutual funds
   
686,769
     
686,769
     
 
Self-directed brokerage accounts
   
136,764
     
136,762
     
2
 
Other investments
   
76,028
     
     
76,028
 
   Total assets in the fair value hierarchy
 
$
3,613,052
   
$
2,685,410
   
$
927,642
 
Common/collective trusts measured at NAV
   
182,074
                 
   Total investments, at fair value
 
$
3,795,126
                 

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
There were no transfers between levels for the years ended December 31, 2016 and 2015 with the exception of transfers out of the leveling hierarchy due to the adoption of ASU 2015-07, as discussed in Note 2 (Summary of Significant Accounting Policies).

Valuation Techniques Used in the Fair Value Measurement of Financial Assets Carried at Fair Value
For the financial assets measured at fair value on a recurring basis (categorized in the valuation hierarchy table above), the Plan applies the following valuation techniques:

Level 1:
Money market funds are valued at NAV, which represents the exit price.
Investments in American Express Company common stock, other stock and active publicly traded equity securities are valued at the official closing price of U.S. public exchanges or, if there is no official closing price that day, at the last reported trade price at the financial statement date.
Mutual funds held within the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940. These investments are required to make publicly available the daily NAV of the fund and to transact at this price. Hence, open-end mutual funds transact at quoted prices. In addition, the mutual funds held by the Plan are actively traded.
Self-directed brokerage accounts are primarily comprised of common stock, mutual funds and corporate debt instruments and are valued at fair value using the corresponding valuation techniques as previously described.
Level 2:
The fair values for the Plan’s corporate debt instruments, U.S. Government and agency obligations (which also include state and local government obligations) and Other investments (asset-backed securities, foreign sovereign debt and private placement bonds), are obtained primarily from pricing services engaged by the Plan’s Trustee. The fair values provided by the pricing service are estimated using pricing models, where the inputs to those models are based on observable market inputs or recent trades of similar securities. The inputs to the valuation techniques applied by the pricing service vary depending on the type of security being priced but are typically benchmark yields, benchmark security prices, credit spreads, prepayment speeds, reported trades, and broker-dealer quotes, all with reasonable levels of transparency.  The Trustee does not apply any adjustments to the pricing models used. In addition, the Plan did not apply any adjustments to the prices received from the pricing services for 2016 and 2015.  The Plan reaffirms its understanding of the valuation techniques used by the Trustee’s pricing services at least annually. The Plan classifies the prices obtained from the pricing services within Level 2 of the fair value hierarchy because the underlying inputs are directly observable from active markets or recent trades of similar securities in inactive markets. However, the pricing models used do entail a certain amount of subjectivity, and therefore differing judgments in how the underlying inputs are modeled could result in different estimates of fair value.
Level 3:
There are no Level 3 securities held by the Plan.
Common collective trusts:
Common/collective trusts are investment funds formed by the pooling of investments by institutional investors, such as a group of not necessarily affiliated pension or retirement plans, typically with the intention of achieving cost savings over similar investment options such as mutual funds. Common/collective trusts are similar to mutual funds, with a named investment manager and documented investment objective.  These investments, however, are not registered with the SEC (unlike mutual funds, which are registered with the SEC), and participation is not open to the public.  The NAV is measured by the custodian or investment manager as of the close of regular daily trading and is corroborated with observable inputs provided by pricing services for the securities, to the extent the NAV is made publicly available, these common/collective trusts are classified within level 2 of the fair value hierarchy.
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
The fair values of the financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2016 and 2015, and require management judgment. The Plan’s valuation techniques used to measure the fair value of its investments may produce fair values that may not be indicative of a future sale, or reflective of future fair values. The use of different techniques to determine the fair value of these types of investments could result in different estimates of fair value at the reporting date.
 
4.
Investments

The investment options available to participants include nine core investment options (the “Core Investment Options”), of which five are actively managed and four are passively managed (also known as index funds). In addition, target date funds (the “Retirement Funds”) that invest in a mix of the actively managed Core Investment Options based on target retirement dates are also available.  Additional investment options include an SDA and the American Express Company Stock Fund. A participant may currently elect to invest contributions in any combination of investment options in increments of 1% and change investment elections for future contributions on any business day the New York Stock Exchange is open.  Participants are only able to allocate 10% of their future contributions to the American Express Company Stock Fund, and transfers of balances from other investment options into the American Express Company Stock Fund are only permitted to the extent the participant’s investment in the American Express Company Stock Fund after the transfer does not exceed 10% of the participant’s overall Plan balance.  Special rules and restrictions may apply to the SDA.

A brief description of the investment options available to participants at December 31, 2016, is set forth below:

Core Investment Options
RSPIC has created five actively managed Core Investment Options to provide diversified and actively managed options to participants. Four of these actively managed Core Investment Options (The Diversified Bond Fund, The U.S. Large-Cap Equity Fund, The U.S. Small/Mid-Cap Equity Fund, and The International Equity Fund) represent a broad asset class (e.g., U.S. Large-Cap Equity, U.S. Small/Mid-Cap Equity, Bonds, etc.) using several active managers within each Fund. These actively managed Core Investment Options seek to outperform a broad market index by buying and selling a limited number of investments (stocks, bonds, or other investments) using the underlying investment managers’ investment management skills.

The actively managed Stable Value Fund invests in diversified pools of U.S. Government and agency fixed income securities together with book value wrap agreements issued by creditworthy insurance companies or banks with the objective to protect a participant’s original investment while offering a competitive rate of interest with minimum risk.

The Stable Value Fund holds a portfolio of book value wrap contracts that are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of common/collective trusts, fixed income strategies and a portfolio of actively managed fixed income securities, referred to as the Stable Value Fund assets. Under the book value wrap contracts, the book value wrap provider is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Stable Value Fund assets. A portion of the Stable Value Fund assets are held in a separate account at MetLife as a condition for MetLife to provide its life insurance separate account contract, which provides similar participant benefit payments as a book value wrap contract.  The assets in the MetLife separate account are not subject to the liabilities of the general account of MetLife. While the contracts are designed to protect the Stable Value Fund against interest rate risk, the Stable Value Fund is still exposed to risk if issuers of the Stable Value Fund assets default on payment of interest or principal, but this risk is mitigated because all Stable Value Fund assets are backed by the U.S. government. The contracts may not cover participant benefit payments at contract value upon the occurrence of certain events, described below, involving the Stable Value Fund, American Express as its plan sponsor (“Plan Sponsor”) or Ameriprise Trust Company, an affiliate of Ameriprise Financial, Inc., its investment manager.

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are now required to be reported at contract value, rather than fair value on the Statements of Net Assets. Contract value is the relevant measure for fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals, and administrative expenses.
 
Certain events might limit the ability of the Plan to transact at contract value with the contract issuer and therefore also limit the ability of the Plan to transact at contract value with the participants of the Plan. These events may be different under each contract. Examples of such events include the following:
 
The Plan’s failure to qualify under Section 401(a) of the Internal Revenue Code or the failure of the trust  to be tax-exempt under Section 501(a) of the Internal Revenue Code;
Premature termination of the contracts;
Plan termination or merger;
Changes to the Plan’s administration of competing investment options; and
Bankruptcy of the Plan Sponsor or other Plan Sponsor events (for example, divestitures or spinoffs of a subsidiary) that significantly affect the Plan’s normal operations.

The Plan believes no such events are probable of occurring.

In addition, certain events allow the issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Those events may be different under each contract. Examples of such events include the following:
 
An uncured violation of the Plan’s investment guidelines;
A breach of material obligation under the contract;
A material misrepresentation; and
A material amendment to the agreements without the consent of the issuer.

The Plan believes no such events are probable of occurring.

RSPIC has also created four passively-managed (index) Core Investment Options: The Diversified Bond Index Fund, The U.S. Large-Cap Equity Index Fund, The U.S. Small/Mid-Cap Equity Index Fund, and The International Equity Index Fund, which currently use a single index fund as the underlying investment in each Fund. Each passively-managed Core Investment Option seeks to mirror the investments and track the performance of a broad market index that includes hundreds or thousands of stocks or bonds.

Self-Directed Accounts
The SDA gives participants the opportunity to invest in a wide variety of mutual funds in addition to the specific investment options mentioned above. Participants may request a Prospectus for any of the funds available through the SDA.

American Express Company Stock Fund
The Plan Document requires that this Fund be offered as an investment option under the Plan, subject to compliance with ERISA.  The American Express Company Stock Fund is an ESOP. This Fund invests primarily in American Express Company common shares and holds a small amount of cash or other short-term cash equivalents to meet requests for investment transfers, withdrawals, and distributions.  Participants have full voting rights for the common shares underlying the units that are allocated to the American Express Company Stock Fund.

A full, detailed description of the Plan’s investment options, and associated terms and conditions, is available to all participants.
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
 
5.
Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will continue to occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.

On October 16, 2015, a putative class action, captioned Houssain v. American Express Company, et al., was filed in the United States District Court for the Southern District of New York under the ERISA relating to disclosures of the Costco cobrand relationship. On May 10, 2016, the plaintiff filed an amended complaint naming certain officers of the Company as defendants and alleging that the defendants violated certain ERISA fiduciary obligations by, among other things, allowing the investment of the Plan assets in American Express common stock when American Express common stock was not a prudent investment and misrepresenting and failing to disclose material facts to Plan participants in connection with the administration of the Plan.  The amended complaint seeks, among other remedies, an unspecified amount of damages.  The defendants moved to dismiss the amended complaint on May 31, 2016.

6.
Income Tax Status

The Plan has received a favorable determination letter from the Internal Revenue Service (“IRS”) dated November 21, 2016, stating that the Plan is qualified under section 401(a) of the Code, and therefore, the related trust is exempt from taxation.  The Plan has been amended after the period covered by the determination letter, including those amendments described in Note 1 (Contributions).  Although the Plan has been amended since receiving the determination letter, the Company believes the Plan, as amended, is currently designed and being operated in compliance with the applicable requirements of the Code, and therefore, believes that the Plan, as amended, is qualified, the related trust is tax-exempt, and the Plan satisfies the requirements of Section 4975(e)(7) of the Code.
GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability or asset if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Company has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability, or asset, or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, the Plan is no longer subject to examination for tax years prior to 2014, which is the earliest open year for U.S. federal tax purposes.

7.
Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to Form 5500 as of December 31, 2016 and 2015:


(Thousands)
 
2016
   
2015
 
Net assets available for benefits per the financial statements
 
$
4,618,201
   
$
4,485,917
 
Difference between contract value and fair value of fully benefit-responsive investment contracts
   
(633
)
   
1,061
 
Loans deemed distributed
   
(782
)
   
(980
)
Net assets available for benefits per the Form 5500
 
$
4,616,786
   
$
4,485,998
 


AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements 
 
The following is a reconciliation of net income per the financial statements to Form 5500 for the year ended December 31, 2016:

 
(Thousands)
 
2016
 
Net Increase in net assets available for benefits per the financial statements
 
$
132,284
 
Adjustment for difference between contract value and fair value of fully benefit-responsive investment contracts
   
(1,694
)
Change in deemed distributions of participant loans
   
198
 
Net income per the Form 5500
 
$
130,788
 

8.
Related Parties and Parties-In-Interest Transactions

The Plan allows for transactions with, and certain investments in, certain parties that may perform services for, or have fiduciary responsibilities to, the Plan, including Wells Fargo Bank, N.A., the Trustee, and its affiliates as well as investment managers appointed by RSPIC. Transactions with these parties are considered party-in-interest transactions, but not considered prohibited transactions under ERISA.  As noted in Supplemental Schedule H, Line 4i, the Plan held investments with parties-in-interest in Wells Fargo Bank, N.A. and its affiliates, Ameriprise Financial, Inc. and its affiliates, J.P. Morgan Investment Management, Inc. and its affiliates, and the Vanguard Group and Vanguard Fiduciary Trust as of both December 31, 2016 and 2015, and Fidelity Investment Management as of December 31, 2016.  Notes Receivable from Participants, as discussed in Note 1 (Description of the Plan), are also considered party-in-interest transactions.

Additionally, the Company is considered a party-in-interest as well as a related party. As of December 31, 2016 and 2015, the Plan held 6,771,431 shares of American Express Company common stock valued at $502 million and 7,348,437 shares valued at $511 million, respectively. During the 2016 plan year the Plan acquired 135,476 shares of American Express Company common stock valued at $8 million through dividend reinvestments and sold 510,018 shares valued at $33 million.  Effective October 1, 2016, the Plan began reimbursing the Company for salary and benefits costs associated with a Company employee for time spent solely providing services to the Plan.














SUPPLEMENTAL SCHEDULES







EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4a – Schedule of Delinquent Participant Contributions
for the Year Ended December 31, 2016
 
Participant Contributions
Transferred Late to the Plan
 
Total that Constitute Nonexempt Prohibited Transactions
   
Check here if Late Participant
Loan Repayments are included
 
Contributions Not
Corrected
 
Contributions Corrected
Outside VFCP
 
Contributions Corrected
in VFCP
 
Total Fully Corrected Under
VFCP and PTE 2002-51
 $187         $187        
 
In 2015, the Company untimely remitted a contribution deducted from a participant’s paycheck. The Company remitted the delinquent participant contribution to the Plan on December 9, 2015 and restored lost earnings on February 8, 2016.
 
 
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
Money Market Funds
       
*
 
FIDELITY MM GOVT PORTFOLIO #57
 
55,245
 
55,245
             
   
Corporate Debt Instruments
       
   
21ST CENTY FOX AMER  7.625% 11/30/28
 
300
 
385
   
ABBOTT LABORATORIES  3.400% 11/30/23
 
71
 
72
   
ABBVIE INC           3.200% 11/06/22
 
200
 
200
   
ABBVIE INC           4.500%  5/14/35
 
390
 
383
   
ACCESS MIDSTREAM PAR 4.875%  5/15/23
 
110
 
112
   
ACE INA HOLDINGS     2.700%  3/13/23
 
200
 
198
   
ACE INA HOLDINGS     2.875% 11/03/22
 
47
 
47
   
ACE INA HOLDINGS     3.350%  5/03/26
 
30
 
30
   
ACTAVIS FUNDING SCS  4.550%  3/15/35
 
35
 
35
   
AETNA INC            2.800%  6/15/23
 
42
 
41
   
AETNA INC            4.250%  6/15/36
 
32
 
32
   
AGL CAPITAL CORP     5.250%  8/15/19
 
180
 
193
   
AGRIUM INC           3.375%  3/15/25
 
230
 
223
   
AGRIUM INC           4.125%  3/15/35
 
300
 
275
   
AIR LEASE CORP       2.125%  1/15/20
 
120
 
118
   
AIR LEASE CORP       3.000%  9/15/23
 
81
 
77
   
AIR LEASE CORP       3.875%  4/01/21
 
50
 
51
   
ALABAMA POWER CO     5.700%  2/15/33
 
200
 
237
   
ALLERGAN INC         2.800%  3/15/23
 
620
 
594
   
AMAZON.COM INC       3.800% 12/05/24
 
200
 
210
   
AMAZON.COM INC       4.800% 12/05/34
 
150
 
165
   
AMER AIRLINE 16-3 AA 3.000% 10/15/28
 
234
 
222
   
AMERADA HESS CORP    7.300%  8/15/31
 
120
 
140
   
AMERICAN HONDA FINAN 2.150%  3/13/20
 
100
 
100
   
AMERICAN HONDA FINAN 2.450%  9/24/20
 
99
 
100
   
AMERICAN INTL GROUP  3.875%  1/15/35
 
200
 
188
   
AMERICAN INTL GROUP  4.125%  2/15/24
 
200
 
208
   
AMERICAN TOWER CORP  2.250%  1/15/22
 
100
 
96
   
AMERICAN TOWER CORP  3.375% 10/15/26
 
56
 
53
   
AMERICAN WATER CAPIT 3.400%  3/01/25
 
152
 
156
*
 
AMERIPRISE FINANCIAL 2.875%  9/15/26
 
89
 
85
   
AMERN AIRLINE 16-2   3.650%  6/15/28
 
22
 
22
   
AMGEN INC            3.625%  5/15/22
 
465
 
481
   
ANALOG DEVICES INC   3.125% 12/05/23
 
61
 
61
   
ANALOG DEVICES INC   4.500% 12/05/36
 
45
 
45
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
ANHEUSER-BUSCH INBEV 3.300%  2/01/23
 
636
 
647
   
ANHEUSER-BUSCH INBEV 4.700%  2/01/36
 
448
 
471
   
AON PLC              3.500%  6/14/24
 
100
 
100
   
AON PLC              3.875% 12/15/25
 
57
 
58
   
AON PLC              4.000% 11/27/23
 
150
 
156
   
APPLE INC            2.700%  5/13/22
 
516
 
519
   
APPLE INC            3.250%  2/23/26
 
80
 
80
   
APPLE INC            3.450%  5/06/24
 
95
 
98
   
APPLE INC            3.850%  8/04/46
 
129
 
124
   
APPLE INC            4.500%  2/23/36
 
72
 
77
   
ARC PROP OPER PART   4.600%  2/06/24
 
155
 
156
   
ARCH CAPITAL FINANCE 4.011% 12/15/26
 
19
 
19
   
ARCH CAPITAL FINANCE 5.031% 12/15/46
 
44
 
46
   
AT&T INC             3.000%  6/30/22
 
290
 
285
   
AT&T INC             3.600%  2/17/23
 
354
 
357
   
AT&T INC             4.550%  3/09/49
 
394
 
356
   
AT&T INC             5.350%  9/01/40
 
300
 
308
   
AVALONBAY COMMUNITIE 2.850%  3/15/23
 
90
 
88
   
AVALONBAY COMMUNITIE 3.500% 11/15/24
 
40
 
40
   
AVALONBAY COMMUNITIE 3.900% 10/15/46
 
15
 
14
   
BALTIMORE GAS & ELEC 3.500%  8/15/46
 
70
 
63
   
BANK OF AMERICA CORP 2.625% 10/19/20
 
450
 
450
   
BANK OF AMERICA CORP 3.300%  1/11/23
 
800
 
803
   
BANK OF AMERICA CORP 3.875%  8/01/25
 
582
 
592
   
BANK OF AMERICA CORP 3.950%  4/21/25
 
300
 
299
   
BANK OF AMERICA CORP 6.875%  4/25/18
 
600
 
638
   
BANK OF MONTREAL     1.500%  7/18/19
 
78
 
77
   
BANK OF NOVA SCOTIA  1.700%  6/11/18
 
450
 
450
   
BANK OF NY MELLON CO 2.200%  8/16/23
 
100
 
95
   
BANK OF NY MELLON CO 2.450% 11/27/20
 
78
 
78
   
BANK OF NY MELLON CO 2.500%  4/15/21
 
55
 
55
   
BANK OF NY MELLON CO 2.600%  8/17/20
 
229
 
231
   
BARCLAYS PLC         3.200%  8/10/21
 
317
 
313
   
BARCLAYS PLC         4.375%  1/12/26
 
200
 
203
   
BAXALTA INC          3.600%  6/23/22
 
50
 
50
   
BAXALTA INC          5.250%  6/23/45
 
22
 
23
   
BB&T CORPORATION     2.625%  6/29/20
 
350
 
353
   
BECTON DICKINSON AND 2.675% 12/15/19
 
131
 
133
   
BED BATH & BEYOND IN 4.915%  8/01/34
 
150
 
150
   
BELLSOUTH CORP       6.550%  6/15/34
 
300
 
329
*
 
BERKSHIRE HATHAWAY   2.750%  3/15/23
 
125
 
125
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
*
 
BERKSHIRE HATHAWAY   5.750%  1/15/40
 
300
 
369
   
BHP FIN USA LTD      6.420%  3/01/26
 
300
 
368
   
BIOGEN INC           3.625%  9/15/22
 
80
 
82
   
BIOGEN INC           5.200%  9/15/45
 
43
 
46
   
BOARDWALK PIPELINES  4.950% 12/15/24
 
100
 
103
   
BOARDWALK PIPELINES  5.950%  6/01/26
 
25
 
27
   
BOSTON PROPERTIES LP 2.750% 10/01/26
 
42
 
38
   
BOSTON PROPERTIES LP 3.125%  9/01/23
 
30
 
29
   
BOSTON PROPERTIES LP 3.650%  2/01/26
 
74
 
73
   
BP CAPITAL MARKETS   3.017%  1/16/27
 
35
 
34
   
BP CAPITAL MARKETS   3.119%  5/04/26
 
40
 
39
   
BP CAPITAL MARKETS   3.245%  5/06/22
 
200
 
204
   
BP CAPITAL MARKETS   3.814%  2/10/24
 
200
 
208
   
BRIXMOR OPERATING PA 3.850%  2/01/25
 
50
 
49
   
BROWN-FORMAN CORP    4.500%  7/15/45
 
45
 
47
   
BUCKEYE PARTNERS LP  4.150%  7/01/23
 
34
 
34
   
BUCKEYE PARTNERS LP  4.350% 10/15/24
 
40
 
41
   
BUCKEYE PARTNERS LP  4.875%  2/01/21
 
425
 
451
   
BUCKEYE PARTNERS LP  5.850% 11/15/43
 
195
 
201
   
BUNGE LTD FINANCE CO 3.250%  8/15/26
 
28
 
27
   
BUNGE LTD FINANCE CO 3.500% 11/24/20
 
81
 
82
   
BURLINGTN NORTH SANT 3.000%  3/15/23
 
400
 
405
   
BURLINGTN NORTH SANT 3.650%  9/01/25
 
100
 
105
   
BURLINGTN NORTH SANT 4.400%  3/15/42
 
50
 
52
   
CANADIAN NATL RESOUR 5.850%  2/01/35
 
100
 
106
   
CANADIAN PACIFIC RR  6.125%  9/15/15
 
64
 
77
   
CAPITAL ONE FINANCIA 3.500%  6/15/23
 
200
 
201
   
CAPITAL ONE FINANCIA 3.750%  7/28/26
 
88
 
85
   
CAPITAL ONE FINANCIA 4.200% 10/29/25
 
175
 
176
   
CAPITAL ONE NA       2.350%  8/17/18
 
250
 
251
   
CARDINAL HEALTH INC  3.750%  9/15/25
 
45
 
46
   
CARDINAL HEALTH INC  4.900%  9/15/45
 
39
 
41
   
CATERPILLAR FINANCIA 1.700%  6/16/18
 
250
 
250
   
CATERPILLAR INC      6.050%  8/15/36
 
300
 
375
   
CBS CORP             4.000%  1/15/26
 
292
 
297
   
CELGENE CORP         3.625%  5/15/24
 
173
 
174
   
CELGENE CORP         5.000%  8/15/45
 
91
 
95
   
CENOVUS ENERGY INC   3.800%  9/15/23
 
150
 
146
   
CHARTER COMM OPT LLC 4.464%  7/23/22
 
182
 
190
   
CHARTER COMM OPT LLC 6.384% 10/23/35
 
52
 
59
   
CHARTER COMM OPT LLC 6.834% 10/23/55
 
70
 
82
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
CHEVRON CORP         2.566%  5/16/23
 
210
 
207
   
CISCO SYSTEMS INC    1.850%  9/20/21
 
70
 
68
   
CISCO SYSTEMS INC    2.200%  2/28/21
 
150
 
150
   
CISCO SYSTEMS INC    2.950%  2/28/26
 
73
 
72
   
CISCO SYSTEMS INC    3.000%  6/15/22
 
139
 
142
   
CITIGROUP INC        1.800%  2/05/18
 
600
 
600
   
CITIGROUP INC        2.150%  7/30/18
 
329
 
330
   
CITIGROUP INC        3.200% 10/21/26
 
65
 
62
   
CITIGROUP INC        4.125%  7/25/28
 
91
 
90
   
CITIGROUP INC        4.400%  6/10/25
 
118
 
121
   
CITIGROUP INC        4.650%  7/30/45
 
117
 
123
   
CITIGROUP INC        4.750%  5/18/46
 
100
 
100
   
CITIZENS BANK NA/RI  2.550%  5/13/21
 
250
 
248
   
CITIZENS FINANCIAL   2.375%  7/28/21
 
20
 
20
   
CITIZENS FINANCIAL   4.300% 12/03/25
 
47
 
48
   
CLEVELAND ELECTRIC   5.950% 12/15/36
 
40
 
44
   
CME GROUP INC        3.000%  3/15/25
 
200
 
200
   
CMS ENERGY CORP      2.950%  2/15/27
 
39
 
37
   
CMS ENERGY CORP      3.875%  3/01/24
 
130
 
135
   
CNOOC FINANCE 2013   3.000%  5/09/23
 
400
 
386
   
CNOOC FINANCE 2014   4.250%  4/30/24
 
300
 
307
   
COMCAST CORP         2.750%  3/01/23
 
205
 
204
   
COMCAST CORP         3.200%  7/15/36
 
200
 
180
   
COMCAST CORP         6.500% 11/15/35
 
123
 
158
   
COMERICA BANK        4.000%  7/27/25
 
300
 
300
   
COMMONWEALTH EDISON  3.650%  6/15/46
 
45
 
42
   
COMMONWEALTH REIT    5.875%  9/15/20
 
350
 
374
   
CONOCO INC           6.950%  4/15/29
 
300
 
377
   
CONSOLIDATED EDISON  4.300% 12/01/56
 
161
 
161
   
CONSUMERS ENERGY CO  3.250%  8/15/46
 
17
 
15
   
CRED SUIS GP FUND LT 3.800%  9/15/22
 
598
 
603
   
CROWN CASTLE INTL CO 2.250%  9/01/21
 
42
 
41
   
CROWN CASTLE INTL CO 4.875%  4/15/22
 
70
 
75
   
CSX CORP             6.000% 10/01/36
 
175
 
209
   
CVS CAREMARK CORP    2.750% 12/01/22
 
60
 
59
   
CVS CAREMARK CORP    4.000% 12/05/23
 
111
 
117
   
CVS HEALTH CORP      2.125%  6/01/21
 
178
 
175
   
DANAHER CORP         2.400%  9/15/20
 
36
 
36
   
DDR CORP             3.625%  2/01/25
 
70
 
68
   
DEUTSCHE BANK AG     2.950%  8/20/20
 
146
 
144
   
DEUTSCHE BANK AG     3.375%  5/12/21
 
234
 
232
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
DISCOVER BANK        4.200%  8/08/23
 
250
 
260
   
DISCOVERY COMMUNICAT 3.450%  3/15/25
 
120
 
115
   
DOMINION GAS HLDGS   2.800% 11/15/20
 
112
 
113
   
DOMINION RESOURCES   2.850%  8/15/26
 
76
 
71
   
DOW CHEMICAL CO/THE  3.500% 10/01/24
 
200
 
202
   
DTE ENERGY CO        3.300%  6/15/22
 
119
 
121
   
DUKE ENERGY CAROLINA 3.900%  6/15/21
 
100
 
106
   
DUKE ENERGY CORP     2.650%  9/01/26
 
43
 
40
   
DUKE ENERGY CORP     6.000% 12/01/28
 
80
 
99
   
DUKE ENERGY INDIANA  3.750%  5/15/46
 
80
 
75
   
DUKE ENERGY OHIO INC 3.700%  6/15/46
 
46
 
43
   
DUKE ENERGY PROGRESS 3.250%  8/15/25
 
53
 
54
   
DUKE ENERGY PROGRESS 3.700% 10/15/46
 
54
 
51
   
DUKE ENERGY PROGRESS 4.200%  8/15/45
 
130
 
132
   
DUKE REALTY LP       3.250%  6/30/26
 
23
 
22
   
EATON CORP           4.000% 11/02/32
 
170
 
168
   
EBAY INC             2.600%  7/15/22
 
451
 
437
   
ECOLAB INC           3.250%  1/14/23
 
88
 
90
   
ECOPETROL SA         5.375%  6/26/26
 
104
 
103
   
ECOPETROL SA         5.875%  9/18/23
 
128
 
135
   
EDISON INTERNATIONAL 2.950%  3/15/23
 
100
 
99
   
EMERSON ELECTRIC CO  6.000%  8/15/32
 
150
 
180
   
ENBRIDGE INC         5.500% 12/01/46
 
50
 
54
   
ENERGY TRANSFER PART 3.600%  2/01/23
 
70
 
69
   
ENERGY TRANSFER PART 4.050%  3/15/25
 
136
 
135
   
ENLINK MIDSTREAM PAR 4.150%  6/01/25
 
152
 
148
   
ENLINK MIDSTREAM PAR 5.050%  4/01/45
 
80
 
73
   
ENTERGY ARKANSAS INC 3.500%  4/01/26
 
31
 
32
   
ENTERGY CORP         2.950%  9/01/26
 
31
 
29
   
ENTERGY LOUISIANA LL 2.400% 10/01/26
 
59
 
55
   
ENTERGY LOUISIANA LL 3.050%  6/01/31
 
57
 
54
   
ENTERGY MISSISSIPPI  2.850%  6/01/28
 
50
 
47
   
ENTERPRISE PRODUCTS  3.900%  2/15/24
 
200
 
206
   
ENTERPRISE PRODUCTS  6.650% 10/15/34
 
300
 
361
   
ENTERPRISE PRODUCTS  7.550%  4/15/38
 
90
 
116
   
EOG RESOURCES INC    4.150%  1/15/26
 
60
 
63
   
EOG RESOURCES INC    5.100%  1/15/36
 
94
 
102
   
EQUIFAX INC          2.300%  6/01/21
 
30
 
29
   
ERP OPERATING LP     2.850% 11/01/26
 
51
 
48
   
ERP OPERATING LP     3.000%  4/15/23
 
100
 
99
   
EXELON CORP          3.400%  4/15/26
 
63
 
62
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
EXELON GENERATION CO 4.250%  6/15/22
 
150
 
155
   
EXELON GENERATION CO 6.250% 10/01/39
 
180
 
181
   
EXPRESS SCRIPTS HOLD 3.000%  7/15/23
 
43
 
42
   
EXPRESS SCRIPTS HOLD 4.500%  2/25/26
 
108
 
111
   
EXPRESS SCRIPTS HOLD 4.800%  7/15/46
 
53
 
51
   
EXXON MOBIL CORPORAT 2.726%  3/01/23
 
124
 
124
   
EXXON MOBIL CORPORAT 4.114%  3/01/46
 
77
 
79
   
FEDEX CORP           3.250%  4/01/26
 
45
 
45
   
FEDEX CORP           4.100%  4/15/43
 
40
 
37
   
FIFTH THIRD BANCORP  2.875%  7/27/20
 
188
 
190
   
FLORIDA POWER & LIGH 3.125% 12/01/25
 
250
 
253
   
FORD MOTOR COMPANY   7.450%  7/16/31
 
200
 
251
   
FORD MOTOR CREDIT CO 2.240%  6/15/18
 
422
 
423
   
FORD MOTOR CREDIT CO 3.200%  1/15/21
 
275
 
275
   
FORD MOTOR CREDIT CO 4.134%  8/04/25
 
212
 
212
   
FREEPORT-MCMORAN C   3.550%  3/01/22
 
250
 
233
   
FREEPORT-MCMORAN COR 7.125% 11/01/27
 
250
 
255
   
FREEPORT-MCMORAN INC 5.400% 11/14/34
 
192
 
161
   
GE CAPITAL INTL FUND 3.373% 11/15/25
 
1,044
 
1,061
   
GE CAPITAL INTL FUND 4.418% 11/15/35
 
394
 
413
   
GENERAL ELEC CAP COR 3.100%  1/09/23
 
115
 
117
   
GENERAL ELEC CAP COR 3.150%  9/07/22
 
287
 
293
   
GENERAL ELEC CAP COR 6.750%  3/15/32
 
115
 
153
   
GENERAL MOTORS CO    4.875% 10/02/23
 
35
 
37
   
GENERAL MOTORS CO    6.600%  4/01/36
 
25
 
29
   
GENERAL MOTORS FINL  3.100%  1/15/19
 
30
 
30
   
GENERAL MOTORS FINL  3.200%  7/06/21
 
75
 
74
   
GENERAL MOTORS FINL  3.200%  7/13/20
 
182
 
183
   
GENERAL MOTORS FINL  4.000%  1/15/25
 
35
 
34
   
GENERAL MOTORS FINL  4.000% 10/06/26
 
140
 
135
   
GILEAD SCIENCES INC  2.500%  9/01/23
 
45
 
43
   
GILEAD SCIENCES INC  3.700%  4/01/24
 
157
 
161
   
GILEAD SCIENCES INC  4.000%  9/01/36
 
40
 
38
   
GILEAD SCIENCES INC  4.600%  9/01/35
 
105
 
109
   
GLAXOSMITHKLINE CAP  2.800%  3/18/23
 
150
 
150
   
GOLDMAN SACHS GROUP  2.750%  9/15/20
 
44
 
44
   
GOLDMAN SACHS GROUP  2.875%  2/25/21
 
240
 
241
   
GOLDMAN SACHS GROUP  3.500% 11/16/26
 
150
 
147
   
GOLDMAN SACHS GROUP  3.625%  1/22/23
 
800
 
817
   
GOLDMAN SACHS GROUP  5.750%  1/24/22
 
500
 
562
   
GOLDMAN SACHS GROUP  5.950%  1/18/18
 
359
 
374
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
GULF SOUTH PIPELINE  4.000%  6/15/22
 
300
 
304
   
HALLIBURTON CO       4.850% 11/15/35
 
43
 
45
   
HALLIBURTON COMPANY  3.500%  8/01/23
 
150
 
152
   
HALLIBURTON COMPANY  6.700%  9/15/38
 
50
 
62
   
HARRIS CORPORATION   3.832%  4/28/25
 
100
 
102
   
HARRIS CORPORATION   4.854%  4/27/35
 
40
 
42
   
HCP INC              4.000% 12/01/22
 
250
 
257
   
HEALTH CARE REIT INC 4.000%  6/01/25
 
30
 
31
   
HOME DEPOT INC       2.125%  9/15/26
 
26
 
24
   
HOME DEPOT INC       3.000%  4/01/26
 
53
 
53
   
HOME DEPOT INC       3.500%  9/15/56
 
18
 
16
   
HONEYWELL INTERNATIO 2.500% 11/01/26
 
200
 
189
   
HSBC HOLDINGS PLC    2.650%  1/05/22
 
220
 
215
   
HSBC HOLDINGS PLC    7.350% 11/27/32
 
224
 
282
   
HSBC USA INC         2.350%  3/05/20
 
400
 
397
   
HSBC USA INC         2.750%  8/07/20
 
296
 
297
   
HUNTINGTON BANCSHARE 2.300%  1/14/22
 
115
 
112
   
HUNTINGTON NATIONAL  2.000%  6/30/18
 
250
 
250
   
HUSKY ENERGY INC     3.950%  4/15/22
 
200
 
208
   
INTEL CORP           3.700%  7/29/25
 
130
 
137
   
INTEL CORP           4.100%  5/19/46
 
45
 
45
   
INTERNATIONAL PAPER  3.000%  2/15/27
 
79
 
75
   
INTL LEASE FINANCE   5.875%  8/15/22
 
150
 
163
   
INTL PAPER CO        7.300% 11/15/39
 
50
 
64
   
INVESCO FINANCE PLC  3.750%  1/15/26
 
78
 
79
   
JOHN DEERE CAPITAL   1.600%  7/13/18
 
114
 
114
   
JOHN DEERE CAPITAL   3.350%  6/12/24
 
179
 
183
   
JOHNSON & JOHNSON    3.550%  3/01/36
 
42
 
42
   
JOHNSON CONTROLS INT 3.900%  2/14/26
 
16
 
16
   
JOHNSON CONTROLS INT 4.250%  3/01/21
 
150
 
158
   
JOHNSON CONTROLS INT 5.125%  9/14/45
 
27
 
29
   
KERR MCGEE CORP      7.875%  9/15/31
 
300
 
384
   
KEYCORP              2.900%  9/15/20
 
62
 
63
   
KIMBERLY-CLARK CORP  3.050%  8/15/25
 
50
 
50
   
KRAFT FOODS GROUP IN 6.875%  1/26/39
 
300
 
377
   
KRAFT HEINZ FOODS CO 3.950%  7/15/25
 
200
 
203
   
KROGER CO            7.500%  4/01/31
 
300
 
404
   
L-3 COMMUNICATIONS   3.850% 12/15/26
 
23
 
23
   
LEGG MASON INC       4.750%  3/15/26
 
44
 
46
   
LIBERTY PROPERTY LP  3.250% 10/01/26
 
27
 
26
   
LINCOLN NATIONAL COR 4.200%  3/15/22
 
300
 
318
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
LOCKHEED MARTIN CORP 3.100%  1/15/23
 
43
 
43
   
LOCKHEED MARTIN CORP 4.500%  5/15/36
 
150
 
159
   
LOCKHEED MARTIN CORP 6.150%  9/01/36
 
93
 
116
   
LOUISVILLE GAS & ELE 3.300% 10/01/25
 
71
 
72
   
LOWE'S COMPANIES INC 6.875%  2/15/28
 
200
 
261
   
LOWE'S COS INC       3.375%  9/15/25
 
42
 
43
   
MACYS DEPT STORES CO 6.700%  7/15/34
 
106
 
116
   
MACYS RETAIL HLDGS   4.500% 12/15/34
 
194
 
173
   
MACYS RETAIL HLDGS   6.790%  7/15/27
 
420
 
469
   
MAGELLAN MIDSTREAM   4.250%  2/01/21
 
250
 
265
   
MARATHON OIL CORP    6.600% 10/01/37
 
150
 
164
   
MARSH & MCLENNAN COS 3.750%  3/14/26
 
175
 
178
   
MCDONALD'S CORP      4.700% 12/09/35
 
101
 
107
   
MCDONALD'S CORP      6.300% 10/15/37
 
38
 
48
   
MEAD JOHNSON NUTRITI 4.125% 11/15/25
 
120
 
123
   
MEAD JOHNSON NUTRITI 4.600%  6/01/44
 
35
 
34
   
METLIFE INC          3.600% 11/13/25
 
109
 
111
   
METLIFE INC          4.368%  9/15/23
 
300
 
323
   
MICROSOFT CORP       2.400%  8/08/26
 
100
 
94
   
MICROSOFT CORP       4.000%  2/12/55
 
120
 
113
   
MICROSOFT CORP       4.200% 11/03/35
 
77
 
81
   
MICROSOFT CORP       4.750% 11/03/55
 
109
 
119
   
MIDAMERICAN ENERGY   3.500% 10/15/24
 
146
 
151
   
MOLSON COORS BREWING 3.000%  7/15/26
 
53
 
50
   
MORGAN STANLEY       2.800%  6/16/20
 
757
 
763
   
MORGAN STANLEY       3.875%  1/27/26
 
108
 
109
   
MORGAN STANLEY       4.100%  5/22/23
 
500
 
513
   
MORGAN STANLEY       5.500%  7/28/21
 
800
 
887
   
MOSAIC CO            4.250% 11/15/23
 
330
 
333
   
MYLAN INC            5.400% 11/29/43
 
50
 
47
   
NATIONAL AUSTRALIA   1.875%  7/23/18
 
350
 
350
   
NATIONAL RETAIL PROP 3.600% 12/15/26
 
62
 
61
   
NATIONAL RETAIL PROP 4.000% 11/15/25
 
218
 
222
   
NBCUNIVERSAL MEDIA   4.375%  4/01/21
 
150
 
162
   
NOBLE ENERGY INC     5.625%  5/01/21
 
72
 
75
   
NOBLE ENERGY INC     6.000%  3/01/41
 
100
 
111
   
NORFOLK SOUTHERN COR 3.850%  1/15/24
 
88
 
92
   
NORFOLK SOUTHERN COR 7.050%  5/01/37
 
35
 
47
   
NORTHERN STATE PWR   6.250%  6/01/36
 
30
 
39
   
NORTHERN STATE PWR-  6.200%  7/01/37
 
50
 
65
   
NORTHROP GRUMMAN COR 3.200%  2/01/27
 
80
 
79
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
NUCOR CORP           4.000%  8/01/23
 
140
 
147
   
OCCIDENTAL PETROLEUM 2.700%  2/15/23
 
80
 
79
   
OCCIDENTAL PETROLEUM 3.500%  6/15/25
 
45
 
46
   
OCCIDENTAL PETROLEUM 4.625%  6/15/45
 
26
 
27
   
ONEOK PARTNERS LP    3.375% 10/01/22
 
31
 
31
   
ONEOK PARTNERS LP    4.900%  3/15/25
 
100
 
107
   
ONEOK PARTNERS LP    5.000%  9/15/23
 
69
 
75
   
ONEOK PARTNERS LP    8.625%  3/01/19
 
50
 
56
   
ORACLE CORP          2.400%  9/15/23
 
101
 
98
   
ORACLE CORP          2.950%  5/15/25
 
200
 
196
   
ORACLE CORP          3.850%  7/15/36
 
150
 
146
   
ORACLE CORP          3.900%  5/15/35
 
400
 
395
   
ORACLE CORP          4.300%  7/08/34
 
200
 
207
   
ORACLE CORP          5.750%  4/15/18
 
100
 
106
   
PACCAR FINANCIAL COR 1.300%  5/10/19
 
51
 
50
   
PACCAR FINANCIAL COR 2.250%  2/25/21
 
60
 
59
   
PACIFIC GAS & ELECTR 3.250%  6/15/23
 
190
 
194
   
PACIFIC GAS & ELECTR 3.500%  6/15/25
 
109
 
112
   
PACIFIC GAS & ELECTR 6.050%  3/01/34
 
100
 
125
   
PEMEX PROJ FDG MASTE 6.625%  6/15/35
 
250
 
246
   
PENTAIR FINANCE SA   2.900%  9/15/18
 
141
 
143
   
PENTAIR FINANCE SA   4.650%  9/15/25
 
50
 
51
   
PEPSICO INC          3.100%  7/17/22
 
104
 
107
   
PEPSICO INC          3.450% 10/06/46
 
70
 
64
   
PEPSICO INC          4.600%  7/17/45
 
47
 
51
   
PEPSICO INC          4.875% 11/01/40
 
20
 
22
   
PETRO-CANADA         5.950%  5/15/35
 
300
 
353
   
PFIZER INC           3.000% 12/15/26
 
105
 
104
   
PHILIPS ELECTRONICS  3.750%  3/15/22
 
200
 
208
   
PHILLIPS 66 PARTNERS 3.550% 10/01/26
 
15
 
15
   
PHILLIPS 66 PARTNERS 4.900% 10/01/46
 
40
 
38
   
PLAINS ALL AMER PIPE 4.650% 10/15/25
 
450
 
465
   
PNC BANK NA          2.950%  1/30/23
 
505
 
498
   
POTASH CORP-SASKATCH 3.000%  4/01/25
 
150
 
141
   
PRECISION CASTPARTS  3.250%  6/15/25
 
80
 
81
   
PRECISION CASTPARTS  4.375%  6/15/45
 
80
 
84
   
PROGRESS ENERGY INC  7.000% 10/30/31
 
50
 
65
   
PROGRESSIVE CORP     2.450%  1/15/27
 
88
 
82
   
PROLOGIS LP          3.750% 11/01/25
 
38
 
39
   
PROV ST JOSEPH HLTH  2.746% 10/01/26
 
28
 
27
   
PUBLIC SERVICE COLOR 3.550%  6/15/46
 
27
 
25
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
PUBLIC SERVICE ELECT 2.250%  9/15/26
 
70
 
65
   
QUEST DIAGNOSTICS IN 3.450%  6/01/26
 
20
 
20
   
RABOBANK NEDERLAND   3.875%  2/08/22
 
150
 
158
   
RABOBANK NEDERLAND   4.625% 12/01/23
 
250
 
263
   
REALTY INCOME CORP   3.875%  7/15/24
 
250
 
255
   
REGIONS FINANCIAL CO 3.200%  2/08/21
 
75
 
76
   
REPUBLIC SERVICES IN 3.550%  6/01/22
 
150
 
156
   
RIO TINTO FIN USA LT 3.500%  3/22/22
 
13
 
13
   
ROGERS CABLE INC     8.750%  5/01/32
 
170
 
232
   
ROPER TECHNOLOGIES   3.000% 12/15/20
 
25
 
25
   
ROPER TECHNOLOGIES   3.800% 12/15/26
 
29
 
29
   
ROYAL BANK OF CANADA 1.800%  7/30/18
 
250
 
251
   
RYDER SYSTEM INC     2.650%  3/02/20
 
150
 
151
   
RYDER SYSTEM INC     2.875%  9/01/20
 
57
 
58
   
SAN DIEGO G & E      6.125%  9/15/37
 
80
 
103
   
SANTANDER ISSUANCES  5.179% 11/19/25
 
200
 
202
   
SANTANDER UK GROUP   2.875% 10/16/20
 
170
 
168
   
SBC COMMUNICATIONS   6.150%  9/15/34
 
70
 
76
   
SHELL INTERNATIONAL  2.250% 11/10/20
 
89
 
89
   
SHELL INTERNATIONAL  2.500%  9/12/26
 
73
 
68
   
SHELL INTERNATIONAL  2.875%  5/10/26
 
230
 
222
   
SHELL INTERNATIONAL  4.000%  5/10/46
 
222
 
212
   
SHELL INTERNATIONAL  4.125%  5/11/35
 
250
 
255
   
SHIRE ACQ INV IRELAN 2.875%  9/23/23
 
83
 
79
   
SIMON PROPERTY GROUP 3.750%  2/01/24
 
260
 
269
   
SOUTHERN CALIF GAS   3.200%  6/15/25
 
150
 
153
   
SOUTHERN CO GAS CAPI 2.450% 10/01/23
 
21
 
20
   
SOUTHERN CO GAS CAPI 3.950% 10/01/46
 
26
 
24
   
SOUTHERN POWER CO    5.150%  9/15/41
 
70
 
70
   
SOUTHWEST GAS CORP   3.800%  9/29/46
 
49
 
44
   
SOUTHWESTERN ELEC PO 2.750% 10/01/26
 
200
 
189
   
SOUTHWESTERN PUBLIC  4.500%  8/15/41
 
30
 
32
   
SPECTRA ENERGY CAPIT 3.300%  3/15/23
 
200
 
193
   
STARBUCKS CORP       4.300%  6/15/45
 
60
 
63
   
STATE STREET CORP    3.550%  8/18/25
 
235
 
241
   
STATOIL ASA          2.450%  1/17/23
 
300
 
293
   
STRYKER CORP         3.500%  3/15/26
 
20
 
20
   
SUMITOMO MITSUI BANK 1.950%  7/23/18
 
350
 
350
   
SUMITOMO MITSUI FINL 2.442% 10/19/21
 
53
 
52
   
SUNOCO LOGISTICS PAR 4.250%  4/01/24
 
250
 
252
   
SUNOCO LOGISTICS PAR 5.950% 12/01/25
 
160
 
178
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
SUNTRUST BANK        3.300%  5/15/26
 
200
 
193
   
SUNTRUST BANKS INC   2.900%  3/03/21
 
59
 
60
   
SVENSKA HANDELSBANKE 2.400% 10/01/20
 
250
 
249
   
SYNCHRONY FINANCIAL  3.700%  8/04/26
 
177
 
170
   
SYSCO CORPORATION    3.750% 10/01/25
 
44
 
45
   
TEVA PHARMACEUTICALS 2.200%  7/21/21
 
71
 
68
   
TEVA PHARMACEUTICALS 2.800%  7/21/23
 
187
 
177
   
TEVA PHARMACEUTICALS 4.100% 10/01/46
 
16
 
14
   
TEXTRON INC          4.300%  3/01/24
 
110
 
114
   
THERMO FISHER SCIENT 2.950%  9/19/26
 
42
 
40
   
THERMO FISHER SCIENT 3.000%  4/15/23
 
45
 
44
   
THOMSON REUTERS CORP 4.300% 11/23/23
 
120
 
126
   
TIME WARNER CO INC   7.570%  2/01/24
 
250
 
309
   
TIME WARNER ENTMT    8.375%  7/15/33
 
100
 
131
   
TIME WARNER INC      3.550%  6/01/24
 
100
 
99
   
TIME WARNER INC      6.625%  5/15/29
 
94
 
115
   
TOLEDO EDISON COMPAN 6.150%  5/15/37
 
50
 
59
   
TORONTO-DOMINION BAN 1.750%  7/23/18
 
210
 
210
   
TORONTO-DOMINION BAN 2.500% 12/14/20
 
180
 
181
   
TOTAL CAPITAL INTL   2.700%  1/25/23
 
400
 
396
   
TOTAL SYSTEM SERVICE 3.750%  6/01/23
 
91
 
90
   
TOYOTA MOTOR CREDIT  2.100%  1/17/19
 
133
 
134
   
TOYOTA MOTOR CREDIT  2.800%  7/13/22
 
200
 
202
   
TRANS-CANADA PIPELIN 3.125%  1/15/19
 
112
 
114
   
TRANS-CANADA PIPELIN 4.875%  1/15/26
 
139
 
154
   
TRANS-CANADA PIPELIN 6.200% 10/15/37
 
60
 
74
   
TRI-STATE GENERATION 4.250%  6/01/46
 
37
 
36
   
TYSON FOODS INC      4.875%  8/15/34
 
150
 
153
   
UDR INC              2.950%  9/01/26
 
32
 
30
   
UNION CARBIDE CORP   7.750% 10/01/96
 
110
 
133
   
UNITED AIR 2016-1 A  3.450%  7/07/28
 
84
 
82
   
UNITEDHEALTH GROUP   1.700%  2/15/19
 
73
 
73
   
UNITEDHEALTH GROUP   3.100%  3/15/26
 
100
 
99
   
UNITEDHEALTH GROUP   3.350%  7/15/22
 
84
 
87
   
UNITEDHEALTH GROUP   4.625%  7/15/35
 
124
 
135
   
US BANCORP           2.350%  1/29/21
 
350
 
351
   
VENTAS REALTY LP     4.125%  1/15/26
 
34
 
35
   
VENTAS REALTY LP/CAP 3.250%  8/15/22
 
200
 
202
   
VERIZON COMMUNICATIO 2.625%  2/21/20
 
350
 
353
   
VERIZON COMMUNICATIO 4.272%  1/15/36
 
50
 
48
   
VERIZON COMMUNICATIO 5.050%  3/15/34
 
670
 
706
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
VERIZON COMMUNICATIO 5.150%  9/15/23
 
700
 
774
   
VIACOM INC           4.850% 12/15/34
 
150
 
134
   
VODAFONE GROUP PLC   2.950%  2/19/23
 
170
 
165
   
VOYA FINANCIAL INC   3.650%  6/15/26
 
71
 
69
   
VR FRANCE TELECOM    8.500%  3/01/31
 
147
 
221
   
VR JOHNSON CONTROLS  4.950%  7/02/64
 
100
 
93
   
VR MAGELLAN MIDSTREA 6.400%  5/01/37
 
70
 
83
   
VR TORONTO-DOMINION  3.625%  9/15/31
 
67
 
65
   
VR WESTPAC BANKING   4.322% 11/23/31
 
120
 
120
   
WALGREEN CO          4.400%  9/15/42
 
50
 
48
   
WALGREENS BOOTS ALLI 3.100%  6/01/23
 
46
 
46
   
WALGREENS BOOTS ALLI 4.500% 11/18/34
 
380
 
382
   
WALT DISNEY COMPANY/ 3.000%  2/13/26
 
300
 
298
   
WASTE MANAGEMENT INC 2.400%  5/15/23
 
44
 
43
*
 
WELLS FARGO & COMPAN 2.500%  3/04/21
 
110
 
109
*
 
WELLS FARGO & COMPAN 2.600%  7/22/20
 
434
 
437
*
 
WELLS FARGO & COMPAN 3.300%  9/09/24
 
600
 
594
*
 
WELLS FARGO & COMPAN 3.550%  9/29/25
 
500
 
499
*
 
WELLS FARGO & COMPAN 4.300%  7/22/27
 
184
 
189
*
 
WELLS FARGO & COMPAN 4.900% 11/17/45
 
67
 
69
   
WELLTOWER INC        4.250%  4/01/26
 
200
 
207
   
WESTERN GAS PARTNERS 4.650%  7/01/26
 
38
 
39
   
WESTERN GAS PARTNERS 5.450%  4/01/44
 
30
 
31
   
WESTPAC BANKING CORP 1.600%  8/19/19
 
71
 
70
   
WISCONSIN ENERGY COR 3.550%  6/15/25
 
238
 
243
   
WW GRAINGER INC      4.600%  6/15/45
 
91
 
97
   
XCEL ENERGY INC      2.400%  3/15/21
 
25
 
25
   
XCEL ENERGY INC      3.300%  6/01/25
 
90
 
90
   
XEROX CORPORATION    5.625% 12/15/19
 
76
 
82
   
XYLEM INC            4.375% 11/01/46
 
40
 
39
   
ZOETIS INC           3.250%  2/01/23
 
160
 
160
   
ZOETIS INC           3.450% 11/13/20
 
30
 
31
   
ZOETIS INC           4.500% 11/13/25
 
62
 
66
   
Total Corporate Debt Instruments
     
76,738
             
   
Common Stocks
       
   
3D SYSTEMS CORPORATION
 
40
 
537
   
ABBOTT LABS
 
185
 
7,123
   
ABBVIE INC
 
71
 
4,435
   
ACADIA HEALTHCARE CO INC
 
88
 
2,924
   
ACCO BRANDS CORP
 
66
 
861
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
ACI WORLDWIDE INC
 
62
 
1,133
   
ACUITY BRANDS (HOLDING CO) INC RR.
 
5
 
1,136
   
ACXIOM CORP COM
 
54
 
1,453
   
ADOBE SYS INC
 
160
 
16,500
   
ADVISORY BRD CO
 
37
 
1,230
   
AECOM
 
64
 
2,315
   
AERCAP HOLDINGS NV
 
193
 
8,001
   
AEROJET ROCKETDYNE HOLDINGS IN
 
23
 
414
   
AFFILIATED MANAGERS GROUP, INC COM
 
14
 
2,001
   
AIR PRODS & CHEMS INC COM
 
10
 
1,438
   
AK STL HLDG CORP COM
 
41
 
418
   
AKORN INC
 
57
 
1,244
   
ALBANY INTL CORP NEW CL A
 
21
 
990
   
ALBEMARLE CORP COM
 
36
 
3,065
   
ALEXANDRIA REAL ESTATE EQUITIES
 
28
 
3,156
   
ALEXION PHARMACEUTICALS INC
 
106
 
12,937
   
ALIBABA GROUP HOLDING LTD ADR
 
157
 
13,785
   
ALLEGHANY CORP DEL NEW
 
2
 
1,095
   
ALLEGHENY TECHNOLOGIES INC
 
23
 
373
   
ALLEGIANT TRAVEL CO
 
10
 
1,581
   
ALLEGION PLC
 
31
 
1,965
   
ALLERGAN PLC
 
36
 
7,589
   
ALLETE INC
 
7
 
471
   
ALLIANT ENERGY CORPORATION
 
83
 
3,148
   
ALLSCRIPTS HEALTHCARE SOLUTIONS INC
 
66
 
670
   
ALLY FINANCIAL INC
 
42
 
795
   
ALNYLAM PHARMACEUTICALS INC
 
6
 
232
   
ALPHABET INC CL A
 
19
 
14,819
   
ALPHABET INC CL C
 
26
 
19,452
   
AMAZON COM INC COM
 
30
 
22,372
   
AMC NETWORKS INC
 
19
 
994
   
AMDOCS LIMITED COM
 
52
 
3,035
   
AMEDISYS INC
 
27
 
1,133
   
AMERICAN AIRLS GROUP INC
 
166
 
7,758
   
AMERICAN CAMPUS CMNTYS INC
 
10
 
487
*
 
AMERICAN EXPRESS CO
 
6,771
 
501,628
   
AMERICAN FINL GROUP INC OHIO COM
 
10
 
904
   
AMERICAN TOWER CORP
 
86
 
9,104
   
ANADARKO PETROLEUM CORP
 
89
 
6,213
   
APACHE CORP
 
72
 
4,557
   
APOLLO GLOBAL MANAGEMENT LLC
 
70
 
1,357
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
APPLE INC
 
97
 
11,263
   
APPLIED MATERIALS INC
 
68
 
2,182
   
APTARGROUP INC COM
 
29
 
2,152
   
ARAMARK
 
61
 
2,196
   
ARCH CAPITAL GROUP LTD
 
13
 
1,096
   
ARES CAP CORP
 
28
 
463
   
ARRIS INTERNATIONAL PLC
 
14
 
436
   
ARROW ELECTRS INC
 
7
 
523
   
ARTISAN PARTNERS ASSET MANAGEM
 
52
 
1,547
   
ASBURY AUTOMOTIVE GROUP INC
 
20
 
1,246
   
ASPEN TECHNOLOGY INC COM
 
21
 
1,148
   
ASSURANT INC
 
6
 
558
   
ASSURED GUARANTY LTD USD 1.0
 
46
 
1,718
   
AT & T INC
 
71
 
3,003
   
ATHENAHEALTH INC
 
40
 
4,207
   
ATLASSIAN CORP PLC-CLASS A
 
54
 
1,288
   
ATMOS ENERGY CORP
 
7
 
571
   
AVIS BUDGET GROUP
 
35
 
1,284
   
AVNET INC
 
67
 
3,219
   
AXALTA COATING SYSTEMS LTD
 
33
 
900
   
B&G FOODS INC
 
11
 
462
   
BABCOCK & WILCOX ENTERPRISES I
 
29
 
475
   
BAIDU INC ADR
 
61
 
9,946
   
BANK OF AMERICA CORP
 
640
 
14,151
   
BANKUNITED INC
 
22
 
831
   
BELDEN INC
 
18
 
1,372
*
 
BERKSHIRE HATHAWAY INC.
 
42
 
6,893
   
BERRY PLASTICS GROUP INC
 
41
 
2,011
   
BIO RAD LABS INC CL A
 
7
 
1,312
   
BIOGEN INC
 
22
 
6,324
   
BIOMARIN PHARMACEUTICAL INC
 
114
 
9,457
   
BLUE BUFFALO PET PRODUCTS INC
 
53
 
1,272
   
BLUEBIRD BIO INC
 
8
 
497
   
BOOZ ALLEN HAMILTON HOLDING CO
 
151
 
5,421
   
BP PLC - ADR
 
387
 
14,484
   
BRANDYWINE RLTY TR BD
 
143
 
2,359
   
BRIGHT HORIZONS FAMILY SOLUTIO
 
63
 
4,428
   
BROADRIDGE FINANCIAL SOLUTIONS
 
71
 
4,734
   
BRUNSWICK CORP
 
30
 
1,658
   
BURLINGTON STORES INC
 
17
 
1,444
   
BWX TECHNOLOGIES INC
 
48
 
1,914
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
CABLE ONE INC
 
5
 
3,000
   
CACI INTL INC FORMERLY CACI INC TO
 
4
 
441
   
CALATLANTIC GROUP INC
 
10
 
350
   
CALERES INC
 
13
 
414
   
CALPINE CORP/NEW
 
203
 
2,321
   
CAMBREX CORP COM
 
28
 
1,513
   
CANADIAN NAT RES LTD
 
230
 
7,345
   
CANTEL MEDICAL CORP.
 
15
 
1,211
   
CARDTRONICS PLC
 
27
 
1,447
   
CARLISLE COS INC
 
10
 
1,138
   
CARNIVAL CORP
 
35
 
1,817
   
CARTER HOLDINGS
 
16
 
1,391
   
CASEYS GEN STORES INC
 
4
 
424
   
CATERPILLAR INC
 
23
 
2,128
   
CATO CORP NEW CL A
 
17
 
525
   
CBRE GROUP INC
 
44
 
1,372
   
CBS CORP NEW
 
47
 
2,984
   
CCH I LLC
 
12
 
3,533
   
CEB INC
 
18
 
1,091
   
CEDAR FAIR L P DEPOSITARY UNIT
 
37
 
2,356
   
CELGENE CORP COM
 
62
 
7,150
   
CENTURY ALUM CO COM
 
26
 
224
   
CHARLES RIVER LABORATORIES
 
13
 
985
   
CHEMICAL FINL CORP
 
48
 
2,601
   
CHICAGO BRIDGE & IRON COMPANY N.V.
 
73
 
2,314
   
CHIPOTLE MEXICAN GRILL INC
 
21
 
7,692
   
CHUBB LTD
 
32
 
4,248
   
CIENA CORP USD 0.01
 
23
 
565
   
CINEMARK HOLDINGS INC
 
42
 
1,613
   
CIRCOR INTERNATIONAL INC -WI
 
11
 
706
   
CISCO SYSTEMS INC
 
238
 
7,199
   
CITIGROUP INC.
 
378
 
22,473
   
CLEAN HARBORS INC
 
11
 
594
   
CLUBCORP HOLDINGS INC
 
89
 
1,281
   
COGNEX CORP
 
18
 
1,172
   
COGNIZANT TECH SOLUTIONS CRP COM
 
59
 
3,287
   
COHERENT INC
 
2
 
278
   
COLUMBIA SPORTSWEAR CO COM
 
54
 
3,139
   
COMCAST CORP CLASS A
 
60
 
4,147
   
COMERICA INC
 
10
 
712
   
COMMSCOPE HOLDING CO INC
 
56
 
2,096
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
CONCHO RESOURCES INC
 
7
 
955
   
CONSTELLATION BRANDS INC
 
8
 
1,274
   
COOPER COS INC COM NEW
 
15
 
2,629
   
CORELOGIC INC
 
35
 
1,304
   
CORNERSTONE ONDEMAND INC
 
43
 
1,798
   
CORPORATE OFFICE PROPERTIES COM
 
19
 
582
   
COSTAR GROUP, INC
 
23
 
4,319
   
COSTCO WHOLESALE CORP
 
19
 
2,970
   
CST BRANDS INC
 
12
 
568
   
CTS CORP
 
24
 
544
   
CUBESMART
 
52
 
1,392
   
CUBIC CORP
 
19
 
919
   
CURTISS WRIGHT CORP COM
 
18
 
1,731
   
CUSTOMERS BANCORP INC
 
7
 
235
   
CVS HEALTH CORPORATION
 
61
 
4,812
   
CYPRESS SEMICONDUCTOR CORP
 
51
 
584
   
D R HORTON INC COM
 
15
 
407
   
DANA INCORPORATED
 
8
 
154
   
DAVE & BUSTER'S ENTERTAINMENT
 
24
 
1,378
   
DBV TECHNOLOGIES SA-SPON ADR
 
11
 
372
   
DDR CORP
 
44
 
668
   
DELTA AIR LINES INC
 
184
 
9,057
   
DELTIC TIMBER CORP COM
 
9
 
701
   
DELUXE CORP
 
4
 
291
   
DERMIRA INC
 
36
 
1,092
   
DEVON ENERGY CORPORATION
 
124
 
5,642
   
DEXCOM INC
 
18
 
1,079
   
DIAMONDBACK ENERGY INC
 
51
 
5,220
   
DIAMONDROCK HOSPITALITY CO
 
66
 
766
   
DICKS SPORTING GOODS INC
 
20
 
1,083
   
DIEBOLD INC
 
23
 
570
   
DILLARDS INC CL A
 
36
 
2,269
   
DISCOVERY COMMUNICATIONS-C
 
108
 
2,902
   
DISH NETWORK CORP
 
53
 
3,064
   
DORIAN LPG LTD
 
35
 
285
   
DOW CHEMICAL CO
 
37
 
2,135
   
DPS CHINA MOBILE LIMITED ADR
 
81
 
4,271
   
DSW INC
 
18
 
412
   
DUKE REALTY CORPORATION
 
28
 
744
   
DUN & BRADSTREET CORP DEL NEW
 
11
 
1,335
   
E*TRADE GROUP
 
22
 
773
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
EAGLE MATLS INC
 
19
 
1,833
   
EASTMAN CHEM CO COM
 
30
 
2,220
   
EATON CORP PLC
 
31
 
2,053
   
EDGEWELL PERSONAL CARE CO
 
14
 
1,022
   
EDUCATION REALTY TRUST INC
 
12
 
504
   
EDWARDS LIFESCIENCES CORP
 
73
 
6,793
   
ELECTRONICS FOR IMAGING INC COM
 
29
 
1,272
   
ELLIE MAE INC
 
11
 
923
   
EMCOR GROUP INC COM
 
9
 
668
   
ENERGIZER SPINCO INC
 
53
 
2,342
   
ENERGY RECOVERY INC
 
35
 
363
   
ENVISION HEALTHCARE CORP
 
24
 
1,544
   
EPAM SYSTEMS INC
 
24
 
1,518
   
EQUIFAX INC
 
18
 
2,164
   
EQUINIX INC
 
9
 
3,277
   
ERA GROUP INC
 
21
 
355
   
ESCO TECHNOLOGIES INC
 
15
 
863
   
ESSENDANT INC
 
39
 
805
   
EURONET WORLDWIDE INC.
 
19
 
1,341
   
EVERCORE PARTNERS INC
 
16
 
1,121
   
EXPRESS INC
 
14
 
145
   
EXTRACTION OIL & GAS LLC
 
61
 
1,214
   
FACEBOOK INC
 
211
 
24,249
   
FASTENAL CO
 
30
 
1,428
   
FINISAR CORP
 
34
 
1,019
   
FINISH LINE INC CL A
 
6
 
116
   
FIRST HAWAIIAN INC
 
9
 
326
   
FIRST MIDWEST BANCORP INC DEL
 
37
 
942
   
FIRST REPUBLIC BANK/SAN FRANCI
 
3
 
319
   
FLEX LTD
 
42
 
604
   
FLIR SYS INC COM
 
112
 
4,027
   
FLOWERS FOODS INC
 
60
 
1,206
   
FLUOR CORP NEW
 
25
 
1,334
   
FOREST CITY REALTY TRUST-A
 
28
 
593
   
FORRESTER RESEARCH INC COM
 
16
 
688
   
FORUM ENERGY TECHNOLOGIES INC
 
38
 
836
   
FORWARD AIR CORP
 
12
 
550
   
FREDS INC CL A
 
44
 
813
   
FTI CONSULTING INC COM
 
25
 
1,108
   
G & K SVCS INC CL A
 
12
 
1,150
   
GALLAGHER ARTHUR J & CO
 
8
 
437
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
GARTNER INC
 
28
 
2,818
   
GATX CORP
 
13
 
774
   
GENERAL CABLE CORP COM
 
29
 
548
   
GENERAL MOTORS CO
 
293
 
10,217
   
GENESEE & WYOMING INC-CL A
 
27
 
1,806
   
G-III APPAREL GROUP LTD
 
30
 
893
   
GILEAD SCIENCES INC
 
59
 
4,230
   
GLOBAL PMTS INC W/I
 
35
 
2,409
   
GOODYEAR TIRE & RUBR CO
 
132
 
4,091
   
GRACO INC
 
14
 
1,122
   
GRAND CANYON EDUCATION INC
 
20
 
1,169
   
GREAT PLAINS ENERGY INC
 
15
 
409
   
GREAT WESTERN BANCORP INC
 
84
 
3,657
   
GREIF INC-CL A
 
19
 
963
   
GRUPO TELEVISA, S.A. - ADR
 
49
 
1,028
   
GUIDEWIRE SOFTWARE INC
 
31
 
1,540
   
HAEMONETICS CORP MASS
 
23
 
923
   
HANCOCK HOLDING CO
 
27
 
1,162
   
HANESBRANDS INC
 
46
 
999
   
HANOVER INS GROUP INC
 
6
 
508
   
HARMAN INTL INDS INC NEW COM
 
6
 
656
   
HARRIS CORP DEL
 
14
 
1,408
   
HARSCO CORP
 
27
 
361
   
HD SUPPLY HOLDINGS INC
 
53
 
2,270
   
HEALTHEQUITY INC
 
14
 
587
   
HEALTHWAYS INC
 
45
 
1,015
   
HELEN OF TROY LIMITED
 
28
 
2,333
   
HENRY JACK & ASSOC INC COM
 
27
 
2,397
   
HIGHWOODS PPTYS INC COM
 
32
 
1,612
   
HILL ROM HLDGS
 
8
 
449
   
HOME BANCSHARES INC/CONWAY AR
 
94
 
2,613
   
HONEYWELL INTERNATIONAL INC
 
53
 
6,105
   
HORIZON PHARMA PLC
 
154
 
2,484
   
HUBBELL INCORPORATED
 
16
 
1,920
   
HUDSON PACIFIC PROPERTIES INC
 
35
 
1,214
   
HUNTINGTON BANCSHARES INC
 
62
 
817
   
HUNTINGTON INGALLS INDUSTRIES
 
18
 
3,340
   
HUNTSMAN CORP
 
16
 
312
   
HURON CONSULTING GROUP INC
 
30
 
1,510
   
ICU MED INC COM
 
7
 
1,026
   
IDACORP INC
 
34
 
2,739
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
ILLUMINA INC
 
63
 
7,965
   
IMAX CORP COM
 
41
 
1,294
   
IMPAX LABORATORIES INC
 
15
 
199
   
INC RESEARCH HOLDINGS INC
 
33
 
1,757
   
INCYTE CORPORATION, INC.
 
54
 
5,415
   
INTEGRA LIFESCIENCES HOLDING
 
23
 
1,951
   
INTEL CORP
 
120
 
4,365
   
INTERCONTINENTAL EXCHANGE, INC
 
110
 
6,226
   
INTERFACE INC
 
100
 
1,846
   
INTERNATIONAL BANCSHARES CRP
 
25
 
1,035
   
INTRA-CELLULAR THERAPIES INC
 
28
 
421
   
INVESTMENT TECHNOLOGY GROUP INC NEW
 
15
 
291
   
IPG PHOTONICS CORP
 
39
 
3,840
   
ITT INC
 
40
 
1,535
   
J & J SNACK FOODS CORP
 
14
 
1,908
   
J2 GLOBAL INC
 
70
 
5,718
   
JAZZ PHARMACEUTICALS PLC
 
14
 
1,533
   
JETBLUE AWYS CORP
 
23
 
507
   
JOHN BEAN TECHNOLOGIES CORP
 
19
 
1,612
   
JOHNSON CONTROLS INTERNATION
 
48
 
1,985
*
 
JPMORGAN CHASE & CO
 
143
 
12,349
   
KANSAS CITY SOUTHERN
 
12
 
1,018
   
KAPSTONE PAPER AND PACKAGING C
 
121
 
2,666
   
KAR AUCTION SERVICES INC
 
38
 
1,602
   
KEMPER CORP
 
15
 
686
   
KEYSIGHT TECHNOLOGIES INC
 
24
 
887
   
KITE REALTY GROUP TRUST
 
14
 
340
   
KOHLS CORP
 
65
 
3,205
   
LABORATORY CRP OF AMER HLDGS
 
39
 
4,949
   
LENDINGCLUB CORP
 
424
 
2,226
   
LENDINGTREE, INC
 
1
 
51
   
LEXINGTON REALTY TRUST
 
25
 
270
   
LIBERTY SIRIUSXM GROUP
 
76
 
2,591
   
LIGAND PHARMACEUTICALS INC
 
8
 
858
   
LITTELFUSE INC COM
 
12
 
1,857
   
LIVE NATION ENT INC
 
20
 
533
   
LOUISIANA PAC CORP
 
135
 
2,549
   
LOWES COS INC
 
55
 
3,919
   
LPL FINANCIAL HOLDINGS INC
 
11
 
378
   
LUXFER HOLDINGS PLC-ADR
 
40
 
437
   
LYONDELLBASELL INDU-CL A
 
25
 
2,179
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
M & T BANK CORPORATION COM
 
28
 
4,308
   
MACK CALI RLTY CORP COM
 
12
 
350
   
MACY'S INC
 
118
 
4,229
   
MAGNA INTL INC CL A
 
96
 
4,154
   
MALLINCKRODT PLC
 
39
 
1,955
   
MANITOWOC FOODSERVICE INC
 
27
 
523
   
MANPOWERGROUP INC
 
6
 
518
   
MARRIOTT VACATIONS WORLDWIDE C
 
6
 
543
   
MARVELL TECHNOLOGY GROUP
 
58
 
807
   
MASONITE INTERNATIONAL CORP
 
24
 
1,600
   
MATADOR RESOURCES CO
 
17
 
435
   
MATTHEWS INTL CORP
 
14
 
1,049
   
MB FINANCIAL BANK
 
21
 
992
   
MCKESSON CORP
 
24
 
3,414
   
MEDICAL PPTYS TR INC
 
23
 
282
   
MEDICINES COMPANY
 
16
 
556
   
MEDNAX INC
 
25
 
1,680
   
MEDTRONIC PLC
 
40
 
2,824
   
MERCADOLIBRE INC
 
8
 
1,308
   
MERITOR INC
 
38
 
478
   
METLIFE INC
 
137
 
7,358
   
MICHAEL KORS HOLDINGS LTD
 
78
 
3,339
   
MICRON TECHNOLOGY INC
 
407
 
8,915
   
MID AMERICA APARTMENT COM
 
10
 
999
   
MILLER HERMAN INC
 
43
 
1,457
   
MISTRAS GROUP INC
 
27
 
692
   
MOBILEYE NV
 
195
 
7,401
   
MOLINA HEALTHCARE INC
 
5
 
278
   
MOLSON COORS BREWING CO
 
44
 
4,272
   
MONSTER BEVERAGE CORP
 
248
 
11,011
   
MORGAN STANLEY
 
196
 
8,264
   
MUELLER INDS INC
 
30
 
1,180
   
MULTI PACKAGING SOLUTIONS IN
 
31
 
442
   
MYLAN N V
 
63
 
2,413
   
NABORS INDUSTRIES LTD
 
51
 
837
   
NETFLIX INC
 
97
 
11,947
   
NEUROCRINE BIOSCIENCES INC COM
 
17
 
666
   
NEW JERSEY RES CORP
 
8
 
287
   
NEWELL BRANDS, INC
 
46
 
2,041
   
NICE LTD - SPON ADR
 
21
 
1,416
   
NORTHWEST BANCSHARES INC/MD
 
53
 
964
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
NORTHWESTERN CORP
 
36
 
2,025
   
NORWEGIAN CRUISE LINE HOLDING
 
53
 
2,241
   
NXP SEMICONDUCTORS NV
 
17
 
1,663
   
OASIS PETROLEUM INC
 
47
 
712
   
OCEANEERING INTL INC
 
55
 
1,560
   
OLD DOMINION FREIGHT LINES INC
 
17
 
1,420
   
OMNICOM GROUP
 
50
 
4,238
   
ON SEMICONDUCTOR CORP
 
45
 
578
   
ORACLE CORPORATION
 
131
 
5,052
   
ORBITAL ATK INC
 
37
 
3,251
   
OSI SYS INC @CORP COM
 
25
 
1,926
   
OWENS CORNING INC
 
10
 
510
   
PACWEST BANCORP
 
21
 
1,144
   
PALO ALTO NETWORKS INC
 
56
 
7,040
   
PAPA JOHNS INTL INC COM
 
11
 
907
   
PARSLEY ENERGY INC-CLASS A
 
86
 
3,043
   
PATTERSON COS INC
 
63
 
2,585
   
PAYLOCITY HOLDING CORP
 
38
 
1,140
   
PAYPAL HOLDINGS INC
 
63
 
2,468
   
PDC ENERGY INC
 
7
 
481
   
PERFORMANCE FOOD GROUP CO
 
61
 
1,464
   
PERKINELMER, INC
 
32
 
1,684
   
PFIZER INC
 
84
 
2,738
   
PHIBRO ANIMAL HEALTH CORP
 
15
 
434
   
PINNACLE WEST CAP CORP
 
7
 
558
   
PLEXUS CORP COM
 
9
 
492
   
PNM RES INC
 
8
 
284
   
POLYONE CORP
 
65
 
2,091
   
POOL CORPORATION
 
13
 
1,337
   
POPULAR INC
 
82
 
3,584
   
POST HOLDINGS INC
 
10
 
792
   
PPG INDUSTRIES INC
 
65
 
6,116
   
PREMIER INC
 
53
 
1,621
   
PRIMERICA INC
 
6
 
398
   
PRIMORIS SERVIES CORPORATION
 
27
 
624
   
PROASSURANCE CORPORATION
 
43
 
2,439
   
PROTHENA CORP PLC
 
7
 
361
   
PROTO LABS INC
 
25
 
1,268
   
PS BUSINESS PARKS INC/CA
 
21
 
2,470
   
PTC INC
 
28
 
1,294
   
Q2 HOLDINGS INC
 
43
 
1,241
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
RADIAN GROUP INC
 
38
 
676
   
RAMCO-GERSHENSON PPTYS TR COM
 
29
 
473
   
RANGE RES CORP
 
31
 
1,048
   
RAYMOND JAMES FINL INC
 
23
 
1,597
   
REGAL BELOIT CORPORATION
 
4
 
307
   
REGENERON PHARMACEUTICALS INC
 
21
 
7,562
   
REINSURANCE GROUP AMER CLASS A NEW
 
9
 
1,131
   
RELIANCE STL & ALUM CO COM
 
54
 
4,267
   
RENAISSANCERE HOLDINGS COM
 
9
 
1,212
   
REPLIGEN CORP
 
21
 
656
   
REXNORD CORP
 
65
 
1,273
   
RICE ENERGY INC
 
16
 
349
   
ROYAL DUTCH SHELL PLC ADR
 
126
 
6,859
   
RPM INTERNATIONAL INC
 
30
 
1,599
   
RSP PERMIAN INC
 
83
 
3,726
   
RYMAN HOSPITALITY PROPERTIES
 
5
 
285
   
SALESFORCE COM INC
 
308
 
21,084
   
SANTANDER CONSUMER USA HOLDING
 
296
 
3,999
   
SCANSOURCE INC COM
 
13
 
512
   
SCHLUMBERGER LTD
 
78
 
6,547
   
SCHWAB CHARLES CORP NEW
 
351
 
13,873
   
SCORPIO TANKERS INC
 
119
 
540
   
SCRIPPS NETWORKS INTERACTIVE
 
53
 
3,768
   
SEACOR HOLDINGS INC
 
12
 
840
   
SECUREWORKS CORP
 
19
 
204
   
SEI INVESTMENT COMPANY
 
33
 
1,631
   
SENSATA TECHNOLOGIES HOLDING
 
48
 
1,867
   
SENSIENT TECHNOLOGIES CORP
 
34
 
2,674
   
SERVICEMASTER GLOBAL HOLDINGS
 
35
 
1,330
   
SERVICENOW INC
 
94
 
6,995
   
SIGNATURE BANK
 
7
 
1,096
   
SIGNET JEWELERS LIMITED
 
46
 
4,336
   
SIX FLAGS ENTERTAINMENT CORP
 
29
 
1,734
   
SLM CORP
 
116
 
1,279
   
SMART & FINAL STORES INC
 
54
 
767
   
SMITH A O CORP CL B
 
43
 
2,056
   
SOLAR CAPITAL LTD
 
26
 
532
   
SPIRE INC
 
8
 
545
   
SPIRIT AIRLINES INC
 
33
 
1,934
   
SPLUNK INC
 
200
 
10,242
   
STAG INDUSTRIAL INC
 
72
 
1,721
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
STAGE STORES INC
 
41
 
179
   
STARBUCKS CORP COM
 
76
 
4,215
   
STEEL DYNAMICS INC COM
 
13
 
471
   
STEELCASE INC CL A
 
32
 
579
   
STERIS PLC
 
31
 
2,120
   
STIFEL FINANCIAL CORP
 
9
 
449
   
SUMMIT HOTEL PROPERTIES INC
 
38
 
617
   
SUNSTONE HOTEL INVS INC NEW
 
26
 
397
   
SURGERY PARTNERS INC
 
67
 
1,065
   
SURGICAL CARE AFFILIATES INC
 
51
 
2,358
   
SVB FINL GROUP
 
7
 
1,202
   
SWIFT TRANSPORATION CO
 
19
 
462
   
SYNCHRONY FINANCIAL
 
121
 
4,378
   
SYNERGY RESOURCES CORP
 
52
 
463
   
SYNOVUS FINANCIAL CORP
 
32
 
1,311
   
TAKE-TWO INTERACTIVE SOFTWARE
 
38
 
1,854
   
TAYLOR MORRISON HOME CORP
 
9
 
181
   
TEAM HEALTH HOLDINGS INC
 
24
 
1,025
   
TECH DATA CORP
 
5
 
382
   
TEGNA INC
 
26
 
565
   
TELEFLEX INC
 
15
 
2,369
   
TEMPUR SEALY INTERNATIONAL
 
15
 
1,052
   
TERADYNE INC
 
27
 
679
   
TEREX CORP NEW
 
105
 
3,305
   
TFS FINANCIAL CORP
 
22
 
410
   
THE PRICELINE GROUP INC.
 
16
 
22,422
   
THERMON GROUP HOLDINGS INC
 
36
 
685
   
THOR INDS INC
 
14
 
1,387
   
TOTAL S.A. - ADR
 
79
 
4,009
   
TOTAL SYS SVCS INC
 
31
 
1,534
   
TOYOTA MOTOR CORPORATION - ADR
 
37
 
4,383
   
TRANSUNION
 
132
 
4,080
   
TREEHOUSE FOODS INC
 
10
 
691
   
TRIMAS CORP
 
51
 
1,203
   
TRINSEO SA
 
8
 
459
   
TRONOX LTD-CL A
 
35
 
364
   
TUPPERWARE BRANDS CORPORATION
 
19
 
987
   
TWENTY FIRST CENTURY FOX INC
 
113
 
3,174
   
TWO HARBORS INVESTMENT CORP
 
413
 
3,600
   
TYLER TECHNOLOGIES INC
 
14
 
1,970
   
UGI CORP NEW COM
 
27
 
1,238
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
ULTIMATE SOFTWARE GROUP INC
 
23
 
4,216
   
UNDER ARMOUR INC CL A
 
103
 
2,981
   
UNDER ARMOUR INC CL C
 
87
 
2,185
   
UNITED STS STL CORP NEW
 
13
 
432
   
UNITED TECHNOLOGIES CORP
 
68
 
7,479
   
UNIVAR INC
 
36
 
1,014
   
UNIVERSAL DISPLAY CORP
 
20
 
1,104
   
USG CORP COM NEW
 
16
 
450
   
VAIL RESORTS INC COM
 
10
 
1,581
   
VALVOLINE INC
 
51
 
1,099
   
VANTIV INC
 
29
 
1,729
   
VCA INC
 
28
 
1,905
   
VISA INC-CLASS A SHRS
 
474
 
36,934
   
VODAFONE GROUP PLC-SP ADR
 
34
 
827
   
VOYA FINANCIAL INC
 
12
 
464
   
VULCAN MATERIALS COMPANY
 
11
 
1,348
   
VWR CORP
 
43
 
1,072
   
WABCO HOLDINGS INC
 
16
 
1,677
   
WAGEWORKS INC
 
18
 
1,291
   
WATSCO INC CL A
 
6
 
844
   
WEBSTER FINL CORP WATERBURY CONN
 
21
 
1,131
*
 
WELLS FARGO & CO
 
126
 
6,959
   
WESTAMERICA BANCORPORATION
 
10
 
599
   
WESTAR ENERGY INC
 
6
 
343
   
WESTERN ALLIANCE BANCORPORATION
 
95
 
4,606
   
WESTLAKE CHEM CORP
 
7
 
390
   
WEX INC
 
38
 
4,271
   
WGL HOLDINGS INC
 
9
 
671
   
WHIRLPOOL CORP
 
29
 
5,239
   
WHITE MTNS INS GROUP
 
1
 
727
   
WHITING PETE CORP NEW
 
24
 
291
   
WINGSTOP INC
 
33
 
968
   
WINTRUST FINL CORP
 
47
 
3,389
   
WISDOMTREE INVESTMENTS INC
 
64
 
717
   
WNS HOLDINGS LTD ADR
 
97
 
2,674
   
WOODWARD INC.
 
41
 
2,790
   
WYNDHAM WORLDWIDE CORP
 
6
 
495
   
XL GROUP LTD
 
70
 
2,623
   
XPO LOGISTICS INC
 
12
 
528
   
ZAYO GROUP HOLDINGS INC
 
62
 
2,044
   
ZIONS BANCORP
 
86
 
3,709
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
Total Common Stocks
     
1,777,962
             
   
US Government and Agency Obligations
       
   
FHLMC POOL #Q42018   3.500%  7/01/46
 
672
 
689
   
FNMA POOL #465787    4.009%  8/01/20
 
903
 
950
   
FNMA POOL #467725    3.720%  4/01/18
 
279
 
284
   
FNMA POOL #467757    4.474%  4/01/21
 
276
 
298
   
FNMA POOL #468066    4.438%  6/01/21
 
1,237
 
1,337
   
FNMA POOL #468542    4.650%  8/01/21
 
500
 
546
   
FNMA POOL #958500    5.177%  4/01/19
 
974
 
1,040
   
FNMA POOL #AM6602    2.717%  9/01/21
 
1,500
 
1,520
   
FNMA POOL #AM7514    3.172%  2/01/25
 
2,900
 
2,950
   
FNMA POOL #AM7619    3.038%  1/01/23
 
1,944
 
1,979
   
FNMA POOL #AM8141    2.872%  3/01/27
 
293
 
288
   
FNMA POOL #AM8572    2.841%  4/01/25
 
3,880
 
3,861
   
FNMA POOL #AM8856    3.017%  6/01/30
 
4,800
 
4,676
   
FNMA POOL #AM8993    2.810%  5/01/25
 
5,048
 
5,017
   
FNMA POOL #AM9014    3.306%  6/01/30
 
5,000
 
4,997
   
FNMA POOL #AM9169    3.182%  6/01/27
 
2,124
 
2,142
   
FNMA POOL #AM9320    3.410%  7/01/30
 
2,579
 
2,597
   
FNMA POOL #AM9333    3.182% 11/01/22
 
1,367
 
1,409
   
FNMA POOL #AM9335    3.162%  8/01/22
 
944
 
972
   
FNMA POOL #AM9336    3.182% 11/01/22
 
2,731
 
2,816
   
FNMA POOL #AM9397    3.058%  6/01/23
 
2,549
 
2,597
   
FNMA POOL #AM9432    3.224% 12/01/22
 
1,961
 
2,026
   
FNMA POOL #AM9466    3.255%  2/01/22
 
1,425
 
1,478
   
FNMA POOL #AM9567    3.069%  7/01/24
 
1,477
 
1,497
   
FNMA POOL #AM9573    3.327%  4/01/23
 
2,110
 
2,179
   
FNMA POOL #AM9615    2.769%  9/01/22
 
3,475
 
3,513
   
FNMA POOL #AM9620    3.348%  1/01/24
 
737
 
759
   
FNMA POOL #AM9633    3.492%  5/01/23
 
1,278
 
1,324
   
FNMA POOL #AM9642    2.676%  1/01/22
 
1,568
 
1,588
   
FNMA POOL #AM9658    2.914%  1/01/22
 
1,472
 
1,507
   
FNMA POOL #AM9686    2.635%  4/01/22
 
1,961
 
1,981
   
FNMA POOL #AN0193    3.100%  8/01/24
 
591
 
600
   
FNMA POOL #AT5860    3.500%  6/01/43
 
6,843
 
7,053
   
GNMA POOL #784044    4.990% 11/20/37
 
2,765
 
3,018
   
GNMA POOL #784045    4.500%  7/20/45
 
2,276
 
2,431
   
RFCSP STRIP PRINCIPAL        1/15/30
 
500
 
327
   
TENN VAL AUTH CPN STRIP      3/15/32
 
300
 
173
   
TENN VALLEY AUTH     4.250%  9/15/65
 
194
 
200
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
U S TREASURY SEC STRIPPED
 
2,500
 
2,114
   
U S TREASURY SEC STRIPPED    2/15/20
 
2,300
 
2,190
   
U S TREASURY SEC STRIPPED    2/15/22
 
1,200
 
1,079
   
U S TREASURY SEC STRIPPED    2/15/25
 
4,500
 
3,681
   
U S TREASURY SEC STRIPPED    2/15/30
 
1,300
 
900
   
U S TREASURY SEC STRIPPED    5/15/19
 
1,100
 
1,066
   
U S TREASURY SEC STRIPPED    5/15/20
 
5,700
 
5,394
   
U S TREASURY SEC STRIPPED    5/15/21
 
5,400
 
4,966
   
U S TREASURY SEC STRIPPED    5/15/23
 
2,400
 
2,076
   
U S TREASURY SEC STRIPPED    5/15/24
 
2,800
 
2,350
   
U S TREASURY SEC STRIPPED    5/15/25
 
4,500
 
3,649
   
U S TREASURY SEC STRIPPED    5/15/28
 
1,000
 
732
   
U S TREASURY SEC STRIPPED    5/15/30
 
2,050
 
1,409
   
U S TREASURY SEC STRIPPED    8/15/21
 
1,000
 
912
   
U S TREASURY SEC STRIPPED    8/15/29
 
750
 
528
   
U S TREASURY SEC STRIPPED   11/15/19
 
4,000
 
3,834
   
U S TREASURY SEC STRIPPED   11/15/24
 
3,500
 
2,890
   
U S TREASURY SEC STRIPPED   11/15/28
 
2,500
 
1,801
   
U S TREASURY SEC STRIPPED   11/15/29
 
1,750
 
1,223
   
US TREAS SEC STRIPPED
 
2,200
 
1,325
   
US TREAS SEC STRIPPED        5/15/33
 
900
 
557
   
US TREAS SEC STRIPPED       11/15/30
 
1,550
 
1,046
   
US TREAS SEC STRIPPED       11/15/32
 
1,000
 
630
   
US TREASURY BOND     3.500%  2/15/39
 
1,400
 
1,531
   
US TREASURY BOND     3.875%  8/15/40
 
1,000
 
1,148
   
US TREASURY BOND     4.250% 11/15/40
 
300
 
364
   
US TREASURY BOND     4.375%  5/15/40
 
200
 
247
   
US TREASURY BOND     4.375%  5/15/41
 
680
 
841
   
US TREASURY BOND     4.500%  8/15/39
 
780
 
980
   
US TREASURY BOND STRIPPED
 
900
 
547
   
US TREASURY NOTE     0.625%  2/15/17
 
2,500
 
2,501
   
US TREASURY NOTE     0.625%  5/31/17
 
900
 
900
   
US TREASURY NOTE     0.875%  1/15/18
 
1,000
 
1,000
   
US TREASURY NOTE     0.875%  8/15/17
 
2,000
 
2,002
   
US TREASURY NOTE     1.000% 11/30/19
 
1,500
 
1,482
   
US TREASURY NOTE     1.500% 12/31/18
 
2,800
 
2,816
   
US TREASURY NOTE     1.750%  5/15/23
 
200
 
195
   
US TREASURY NOTE     1.750%  9/30/19
 
5,500
 
5,554
   
US TREASURY NOTE     1.750% 12/31/20
 
700
 
700
   
US TREASURY NOTE     1.875% 11/30/21
 
400
 
399
   
US TREASURY NOTE     2.125%  1/31/21
 
2,100
 
2,128
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
US TREASURY NOTE     2.375%  8/15/24
 
500
 
502
   
US TREASURY NOTE     2.625% 11/15/20
 
2,500
 
2,584
   
US TREASURY NOTE     3.125%  5/15/19
 
3,700
 
3,858
   
US TREASURY NOTE     3.375% 11/15/19
 
2,500
 
2,638
   
US TREASURY NOTE     3.500%  5/15/20
 
3,500
 
3,720
   
US TREASURY NOTE     4.250% 11/15/17
 
1,800
 
1,852
   
US TREASURY SEC STRIPPED
 
4,800
 
3,078
   
VR FNMA POOL #AL7395 5.573%  9/01/55
 
3,777
 
4,146
   
Total U.S. Government and Agency Obligations
     
168,684
             
   
Common/Collective Trusts
       
*
 
COLUMBIA TRUST GOV MONEY MKT FUND
 
24,312
 
24,312
*
 
COLUMBIA TRUST STABLE GOVT FUND
 
11,536
 
11,536
*
 
FIAM GRP TR FOR/CORE PLUS COMMINGLE
 
3,895
 
75,752
   
LOOMIS SAYLES CORE PLUS FULL DISC TR
 
3,983
 
76,283
*
 
VANGUARD EMPLOYEE BENEFIT INDEX #528
 
2,661
 
672,722
   
Total Common/Collective Trusts
     
860,605
             
   
Mutual Funds
       
   
AMERICAN FUNDS EUROPAC GRTH R6 #2616
 
4,118
 
185,486
   
DFA EMERGING MARKETS VALUE FD #5095
 
4,302
 
103,029
   
DFA INTL SMALL CAP VALUE PT #5066
 
2,803
 
53,318
   
GMO INTL LRG/MID CAP EQUITY FD-IV
 
7,004
 
173,354
*
 
VANGUARD EXT MKT INDX-INST+ #1860
 
728
 
130,611
*
 
VANGUARD TOT BD MKT IDX-INST #222
 
4,797
 
51,093
*
 
VANGUARD TOTAL INT ST IDX-IS #1869
 
510
 
50,251
   
Total Mutual Funds
     
747,142
             
   
Self-Directed Brokerage Accounts
       
   
CASH EQUIVALENTS
     
15,029
   
COMMON STOCK
     
7,145
   
MUTUAL FUNDS
     
112,782
   
Total Self-Directed Brokerage Accounts
     
134,956
             
   
Other Investments
       
   
Asset-Backed Securities
       
   
A10 SECURITIZATION   2.100%  4/15/34
 
153
 
152
   
ALLY AUTO RECEIVABLE 1.470%  4/15/20
 
339
 
338
   
AMERICAN CREDIT ACCE 1.430%  8/12/19
 
10
 
9
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
AMERICAN CREDIT ACCE 1.500%  6/12/20
 
446
 
445
   
AMERICAN CREDIT ACCE 1.500%  9/12/19
 
123
 
122
   
AMERICAN CREDIT ACCE 1.570%  6/12/19
 
93
 
92
   
AMERICAN CREDIT ACCE 1.700% 11/12/20
 
79
 
79
   
AMERICAN CREDIT ACCE 2.910%  2/13/23
 
174
 
173
   
AMERICAN CREDIT ACCE 6.090%  5/12/22
 
200
 
208
   
AMERICAN HOMES 4 REN 3.467%  4/17/52
 
388
 
390
   
AMERICAN HOMES 4 REN 3.678% 12/17/36
 
724
 
740
   
AMERICAN HOMES 4 REN 5.639%  4/17/52
 
150
 
150
   
AMERICAN HOMES 4 REN 6.070% 10/17/45
 
142
 
146
   
AMERICREDIT AUTOMOBI 0.900%  2/08/19
 
105
 
105
   
AMERICREDIT AUTOMOBI 1.160%  1/08/19
 
332
 
332
   
AMERICREDIT AUTOMOBI 1.690%  6/10/19
 
352
 
353
   
AMERICREDIT AUTOMOBI 1.700%  7/08/20
 
449
 
450
   
AMERICREDIT AUTOMOBI 1.810% 10/08/20
 
237
 
238
   
AXIS EQUIPMENT FINAN 2.210% 11/20/21
 
451
 
450
   
B2R MORTGAGE TRUST   3.336% 11/15/48
 
393
 
397
   
BCC FUNDING CORP     2.200% 12/20/21
 
282
 
281
   
CABELA'S MASTER CRED 2.250%  7/17/23
 
185
 
185
   
CALIFORNIA REPUBLIC  1.330%  4/15/19
 
323
 
323
   
CALIFORNIA REPUBLIC  1.890%  5/15/20
 
394
 
396
   
CAMILLO 2016-SFR1    5.000% 12/05/23
 
380
 
380
   
CAPITAL AUTO RECEIVA 1.260%  5/21/18
 
109
 
109
   
CAPITAL AUTO RECEIVA 1.310%  6/20/18
 
54
 
54
   
CAPITAL AUTO RECEIVA 1.500% 11/20/18
 
290
 
290
   
CAPITAL AUTO RECEIVA 1.620%  3/20/19
 
526
 
527
   
CAPITAL AUTO RECEIVA 1.720%  1/22/19
 
731
 
733
   
CARMAX AUTO OWNER TR 0.840% 11/15/18
 
293
 
292
   
CARNOW AUTO RECEIVAB 1.690%  1/15/20
 
44
 
44
   
CARNOW AUTO RECEIVAB 2.260%  5/15/19
 
525
 
525
   
CFC LLC              1.440% 11/16/20
 
122
 
122
   
CFC LLC              1.750%  6/15/21
 
178
 
178
   
CHRYSLER CAPITAL AUT 1.640%  7/15/21
 
307
 
305
   
CITI HELD FOR ASSET  4.480%  8/15/22
 
137
 
138
   
CITI HELD FOR ASSET  4.650%  4/15/25
 
152
 
155
   
COLONY AMERICAN FINA 2.544%  6/15/48
 
445
 
436
   
COLONY AMERICAN FINA 2.554% 11/15/48
 
191
 
186
   
COLONY AMERICAN FINA 2.896% 10/15/47
 
338
 
337
   
COMM MORTGAGE TRUST  3.047% 10/10/46
 
400
 
407
   
COMM MORTGAGE TRUST  3.759%  8/10/48
 
313
 
327
   
CONTINENTAL CREDIT   4.560%  1/15/23
 
509
 
509
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
CPS AUTO TRUST       1.310%  2/15/19
 
81
 
81
   
CPS AUTO TRUST       1.500%  6/15/20
 
296
 
296
   
CPS AUTO TRUST       1.650% 11/15/19
 
310
 
310
   
CPS AUTO TRUST       2.070% 11/15/19
 
106
 
106
   
CPS AUTO TRUST       3.340%  5/15/20
 
341
 
347
   
CREDIT ACCEPTANCE AU 1.550% 10/15/21
 
83
 
83
   
CREDIT ACCEPTANCE AU 1.880%  3/15/22
 
562
 
562
   
CREDIT ACCEPTANCE AU 2.400%  2/15/23
 
685
 
687
   
DBWF 2015-LCM M/MTG  1.000%  6/10/34
 
354
 
356
   
DRIVE AUTO RECEIVABL 2.560%  6/15/20
 
127
 
128
   
DRIVE AUTO RECEIVABL 2.590% 12/16/19
 
1,490
 
1,495
   
DRIVE AUTO RECEIVABL 3.170%  5/15/20
 
312
 
315
   
DRIVE AUTO RECEIVABL 3.910%  5/17/21
 
388
 
394
   
DRIVE AUTO RECEIVABL 4.180%  3/15/24
 
220
 
218
   
DT AUTO OWNER TRUST  1.660%  3/15/19
 
207
 
207
   
DT AUTO OWNER TRUST  1.730%  8/15/19
 
149
 
149
   
DT AUTO OWNER TRUST  2.020%  8/17/20
 
195
 
194
   
DT AUTO OWNER TRUST  2.460% 11/15/19
 
1,100
 
1,104
   
DT AUTO OWNER TRUST  2.650%  7/15/20
 
275
 
276
   
DT AUTO OWNER TRUST  2.790%  5/15/20
 
568
 
571
   
ENGS COMMERCIAL FINA 2.470%  2/22/22
 
263
 
262
   
EXETER AUTOMOBILE RE 1.540% 11/15/19
 
98
 
98
   
EXETER AUTOMOBILE RE 2.000%  3/16/20
 
431
 
432
   
EXETER AUTOMOBILE RE 2.210%  7/15/20
 
226
 
227
   
EXETER AUTOMOBILE RE 2.800%  7/15/20
 
85
 
85
   
EXETER AUTOMOBILE RE 2.840%  8/16/21
 
123
 
123
   
EXETER AUTOMOBILE RE 3.590%  8/16/21
 
680
 
688
   
EXETER AUTOMOBILE RE 3.640%  2/15/22
 
170
 
172
   
FED HOME LN MTG CORP 2.770%  5/25/25
 
1,500
 
1,476
   
FED HOME LN MTG CORP 3.500%  6/15/26
 
493
 
516
   
FED HOME LN MTG CORP 4.500%  4/15/39
 
109
 
117
   
FED HOME LN MTG CORP 6.000% 11/15/23
 
63
 
69
   
FED HOME LN MTG CORP 6.250% 10/15/23
 
320
 
349
   
FED HOME LN MTG CORP 7.000% 12/15/36
 
267
 
310
   
FED NATL MTG ASSN    3.000%  1/25/46
 
669
 
677
   
FED NATL MTG ASSN    4.500% 12/25/40
 
829
 
929
   
FED NATL MTG ASSN    6.000%  3/25/36
 
81
 
91
   
FHLMC MULTIFAMILY ST 2.597%  9/25/20
 
371
 
378
   
FHLMC-GNMA           8.000% 12/25/22
 
38
 
42
   
FIRST INVESTORS AUTO 1.210%  4/15/19
 
75
 
75
   
FIRST INVESTORS AUTO 1.440% 10/15/19
 
52
 
52
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
FIRST INVESTORS AUTO 1.490%  1/15/20
 
427
 
427
   
FIRST INVESTORS AUTO 1.530% 11/16/20
 
166
 
166
   
FIRST INVESTORS AUTO 1.590% 12/16/19
 
338
 
338
   
FIRST INVESTORS AUTO 1.670% 11/16/20
 
161
 
161
   
FLAGSHIP CREDIT AUTO 2.280%  5/15/20
 
108
 
108
   
FLAGSHIP CREDIT AUTO 2.380% 10/15/20
 
528
 
530
   
FLAGSHIP CREDIT AUTO 2.530% 12/15/20
 
321
 
323
   
FLAGSHIP CREDIT AUTO 3.840%  9/15/22
 
60
 
61
   
FLAGSHIP CREDIT AUTO 6.220%  6/15/22
 
350
 
369
   
FLAGSHIP CREDIT AUTO 6.220%  9/15/22
 
200
 
211
   
GLS AUTO RECEIVABLES 2.250% 12/15/20
 
327
 
327
   
GLS AUTO RECEIVABLES 2.730% 10/15/20
 
208
 
208
   
GLS AUTO RECEIVABLES 4.390%  1/15/21
 
120
 
120
   
GLS AUTO RECEIVABLES 6.900% 10/15/21
 
200
 
205
   
GO FINANCIAL AUTO SE 3.270% 11/15/18
 
71
 
71
   
GO FINANCIAL AUTO SE 4.800%  8/17/20
 
160
 
163
   
GOVT NATL MTG ASSN   4.000%  2/20/37
 
142
 
144
   
GOVT NATL MTG ASSN   4.500% 10/16/39
 
1,375
 
1,514
   
GOVT NATL MTG ASSN   5.000%  8/20/39
 
300
 
332
   
GREEN TREE AGENCY   2.3801% 10/15/48
 
246
 
244
   
GREEN TREE AGENCY   3.0949% 10/15/48
 
400
 
400
   
HERO FUNDING TRUST   3.080%  9/20/42
 
169
 
167
*
 
JP MORGAN CHASE COM  3.616% 11/15/43
 
395
 
401
   
LENDINGCLUB ISSUANCE 3.000%  1/17/23
 
250
 
250
   
LENDMARK FUNDING TRU 4.820%  8/21/23
 
171
 
175
   
MERCEDES-BENZ AUTO   0.820%  6/15/18
 
220
 
219
   
NATIONSTAR HECM LOA 2.0125%  8/25/26
 
113
 
113
   
NATIONSTAR HECM LOA 2.2394%  6/25/26
 
88
 
88
   
NATIONSTAR HECM LOA 2.8826% 11/25/25
 
121
 
121
   
NATIONSTAR HECM LOA 2.9813%  2/25/26
 
104
 
104
   
NATIONSTAR HECM LOA 4.1145% 11/25/25
 
258
 
258
   
NATIONSTAR HECM LOA 4.3601%  2/25/26
 
112
 
111
   
NEW RESIDENTIAL ADV 2.5751% 10/15/49
 
1,000
 
988
   
NEW RESIDENTIAL ADV 2.7511%  6/15/49
 
229
 
228
   
NEW RESIDENTIAL ADV 3.0199% 10/15/49
 
357
 
353
   
OCWEN MASTER ADVANC 2.5207%  8/17/48
 
452
 
450
   
OCWEN MASTER ADVANC 4.2462%  8/17/48
 
263
 
260
   
OCWEN MASTER ADVANCE 3.211% 11/15/47
 
551
 
551
   
ONEMAIN DIRECT AUTO  2.040%  1/15/21
 
235
 
236
   
ONEMAIN FINANCIAL IS 2.430%  6/18/24
 
149
 
149
   
ONEMAIN FINANCIAL IS 2.470%  9/18/24
 
425
 
425
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
ONEMAIN FINANCIAL IS 2.570%  7/18/25
 
500
 
500
   
OPORTUN FUNDING II   4.700%  3/08/21
 
387
 
390
   
PROGRESS RESIDENTIAL 2.740%  6/12/32
 
144
 
143
   
PROGRESS RESIDENTIAL 3.067% 11/12/32
 
1,055
 
1,055
   
PROGRESS RESIDENTIAL 4.673% 11/12/32
 
100
 
102
   
PURCHASING POWER FUN 4.750% 12/15/19
 
400
 
400
   
RICE PARK FINANCING  4.625% 10/31/41
 
840
 
837
   
SANTANDER DRIVE AUTO 1.400% 11/15/18
 
137
 
137
   
SANTANDER DRIVE AUTO 1.930%  9/17/19
 
260
 
260
   
SANTANDER DRIVE AUTO 1.970%  3/16/21
 
56
 
56
   
SIERRA AUTO RECEIVAB 2.850%  1/18/22
 
71
 
72
   
SKOPOS AUTO RECEIVAB 3.550%  2/15/20
 
78
 
79
   
SPS SERVICER ADVANCE 2.530% 11/16/48
 
800
 
798
   
VENDEE MORTGAGE TRUS 5.000%  5/15/33
 
854
 
938
   
VNO MORTGAGE TRUST   3.808% 12/13/29
 
500
 
525
   
VR ARLP SECURITIZA   3.967%  5/25/55
 
550
 
552
   
VR FANNIEMAE-ACES    1.534% 11/25/22
 
911
 
915
   
VR FANNIEMAE-ACES    2.939%  1/25/26
 
2,752
 
2,755
   
VR FANNIEMAE-ACES    3.092%  4/25/27
 
3,577
 
3,585
   
VR FED HOME LN MTG   1.053%  2/15/43
 
336
 
336
   
VR FED HOME LN MTG   1.123%  9/15/36
 
78
 
78
   
VR FED NATL MTG AS  2.9233%  4/25/44
 
128
 
137
   
VR FED NATL MTG ASSN 1.306%  9/25/41
 
293
 
295
   
VR FHLMC MULTIFAMI 1.36779%  9/25/22
 
717
 
719
   
VR FHLMC MULTIFAMILY 3.284%  6/25/25
 
1,000
 
1,033
   
VR FREMF MORTGAGE   3.8348%  7/25/49
 
220
 
217
   
VR FREMF MORTGAGE  3.68451%  1/25/48
 
1,000
 
964
   
VR FREMF MORTGAGE TR 3.575% 11/25/49
 
180
 
162
   
VR GCAT              3.750%  7/25/20
 
410
 
410
   
VR GMAT TRUST       6.9669% 11/25/43
 
133
 
133
   
VR GOVT NATL MTG     4.775% 10/20/43
 
1,307
 
1,430
   
VR GOVT NATL MTG     5.244%  5/20/40
 
1,319
 
1,456
   
VR GOVT NATL MTG     5.477%  1/20/38
 
1,140
 
1,274
   
VR GOVT NATL MTG     5.563% 10/20/40
 
1,728
 
1,927
   
VR GOVT NATL MTG AS  0.580%  5/20/66
 
980
 
978
   
VR GOVT NATL MTG AS  0.970%  6/20/65
 
1,925
 
1,905
   
VR GOVT NATL MTG AS  0.970%  7/20/65
 
993
 
980
   
VR GOVT NATL MTG AS  0.980%  2/20/61
 
1,334
 
1,325
   
VR GOVT NATL MTG AS  1.050%  9/20/65
 
1,430
 
1,422
   
VR GOVT NATL MTG AS  1.050% 10/20/65
 
994
 
988
   
VR GOVT NATL MTG AS  1.130% 11/20/65
 
1,947
 
1,944
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
VR GOVT NATL MTG AS  1.190% 12/20/65
 
570
 
570
   
VR GOVT NATL MTG AS  1.360%  8/20/66
 
577
 
575
   
VR GOVT NATL MTG AS  1.600% 12/20/66
 
250
 
252
   
VR PFP III         2.29748%  7/14/34
 
665
 
665
   
VR SELENE NON-PERFO 2.9814%  5/25/54
 
127
 
127
   
VR VERICREST OPPOR   3.500%  6/26/45
 
649
 
650
   
VR VERICREST OPPOR   3.844%  6/25/46
 
203
 
204
   
VR VERICREST OPPOR   4.000%  5/25/46
 
81
 
81
   
VR VERICREST OPPORTU 3.250%  2/25/55
 
204
 
203
   
VR VERICREST OPPORTU 3.500%  9/25/46
 
1,012
 
1,010
   
VR VERICREST OPPORTU 3.500% 10/25/46
 
392
 
391
   
VR VERICREST OPPORTU 3.750%  6/25/46
 
180
 
180
   
VR VERICREST OPPORTU 3.875% 12/25/46
 
253
 
253
   
VR VERICREST OPPORTU 4.125% 10/25/45
 
197
 
198
   
VR VERICREST OPPORTU 4.375% 11/27/45
 
231
 
232
*
 
WELLS FARGO COMMERCI 2.819%  8/15/50
 
700
 
714
   
WESTLAKE AUTOMOBILE  1.280%  7/16/18
 
61
 
61
   
WESTLAKE AUTOMOBILE  1.570%  6/17/19
 
273
 
273
   
WESTLAKE AUTOMOBILE  2.460%  1/18/22
 
431
 
428
   
WESTLAKE AUTOMOBILE  4.100%  6/15/21
 
70
 
70
   
WORLD OMNI AUTOMOBIL 1.060%  5/15/18
 
216
 
216
   
Total Asset-Backed Securities
     
81,289
             
   
Foreign Sovereign Debt
       
   
REPUBLIC OF COLOMBIA 4.500%  1/28/26
 
200
 
206
   
UNITED MEXICAN STATE 4.000% 10/02/23
 
170
 
170
   
UNITED MEXICAN STATE 4.125%  1/21/26
 
470
 
466
   
UNITED MEXICAN STATE 4.350%  1/15/47
 
35
 
30
   
Total Foreign Sovereign Debt
     
872
             
   
Municipal Bonds
       
   
OHIO ST UNIV         4.048% 12/01/56
 
81
 
80
             
   
Private Placement Bonds
       
   
P/P ABN AMRO BANK NV 2.450%  6/04/20
 
250
 
248
   
P/P AEP TRANSMISSION 4.000% 12/01/46
 
62
 
61
   
P/P ANZ NEW ZEALAND  2.850%  8/06/20
 
250
 
252
   
P/P BAE SYSTEMS HOLD 3.800% 10/07/24
 
130
 
133
   
P/P BANQUE FED CRED  2.000%  4/12/19
 
200
 
199
   
P/P BK TOKYO-MITSUBI 2.150%  9/14/18
 
200
 
200
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
P/P BMW US CAPITAL   2.250%  9/15/23
 
72
 
69
   
P/P BNP PARIBAS      4.375%  9/28/25
 
200
 
199
   
P/P BPCE SA          4.625%  7/11/24
 
200
 
198
   
P/P CANADIAN IMPERIA 2.250%  7/21/20
 
200
 
201
   
P/P CF INDUSTRIES IN 4.500% 12/01/26
 
100
 
98
   
P/P CHEVRON PHILLIPS 3.400% 12/01/26
 
100
 
100
   
P/P CK HUTCHISON INT 1.875% 10/03/21
 
200
 
192
   
P/P COMMONWEALTH BAN 4.500% 12/09/25
 
200
 
205
   
P/P COX COMMUNICATIO 4.800%  2/01/35
 
120
 
112
   
P/P CREDIT AGRICOLE  4.375%  3/17/25
 
200
 
196
   
P/P CVS PASS-THROUGH 5.926%  1/10/34
 
87
 
100
   
P/P DIAMOND 1 FIN/DI 5.450%  6/15/23
 
110
 
117
   
P/P DIAMOND 1 FIN/DI 6.020%  6/15/26
 
90
 
97
   
P/P ERAC USA FINANCE 2.600% 12/01/21
 
100
 
98
   
P/P ERAC USA FINANCE 3.850% 11/15/24
 
150
 
152
   
P/P FORTIS INC       3.055% 10/04/26
 
250
 
234
   
P/P GAIF BOND ISSUER 3.400%  9/30/26
 
95
 
89
   
P/P HYUNDAI CAPITAL  2.000%  7/01/19
 
30
 
30
   
P/P HYUNDAI CAPITAL  2.400% 10/30/18
 
134
 
135
   
P/P JACKSON NATL LIF 1.875% 10/15/18
 
167
 
167
   
P/P JACKSON NATL LIF 3.050%  4/29/26
 
55
 
53
   
P/P LIBERTY MUTUAL   6.500%  3/15/35
 
80
 
96
   
P/P MACQUARIE BANK   2.850%  7/29/20
 
300
 
301
   
P/P MACQUARIE BANK   4.000%  7/29/25
 
300
 
308
   
P/P MITSUBISHI UFJ   2.650% 10/19/20
 
200
 
199
   
P/P MIZUHO FINANCIAL 2.632%  4/12/21
 
200
 
198
   
P/P MYLAN INC        3.125%  1/15/23
 
250
 
236
   
P/P NEW YORK LIFE GL 2.000%  4/13/21
 
35
 
34
   
P/P NEW YORK LIFE GL 2.350%  7/14/26
 
111
 
103
   
P/P NISSAN MOTOR ACC 1.900%  9/14/21
 
39
 
38
   
P/P NISSAN MOTOR ACC 2.550%  3/08/21
 
100
 
100
   
P/P NORDEA BANK AB   2.500%  9/17/20
 
350
 
350
   
P/P NY STATE ELECTRI 3.250% 12/01/26
 
37
 
37
   
P/P PACIFIC LIFE INS 7.900% 12/30/23
 
300
 
357
   
P/P PENSKE TRUCK LEA 3.375%  2/01/22
 
350
 
353
   
P/P PETROLEOS MEXICA 4.625%  9/21/23
 
117
 
114
   
P/P PETROLEOS MEXICA 6.375%  2/04/21
 
131
 
140
   
P/P PETROLEOS MEXICA 6.750%  9/21/47
 
104
 
98
   
P/P PETROLEOS MEXICA 6.875%  8/04/26
 
105
 
111
   
P/P PRICOA GLOBAL FU 2.550% 11/24/20
 
150
 
150
   
P/P PRINCIPAL LFE GL 2.625% 11/19/20
 
114
 
114
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
P/P PROTECTIVE LIFE  2.700% 11/25/20
 
200
 
200
   
P/P PRUDENTIAL INSUR 8.300%  7/01/25
 
300
 
393
   
P/P RELIANCE STAND   2.500%  1/15/20
 
40
 
40
   
P/P RELIANCE STAND   3.050%  1/20/21
 
75
 
76
   
P/P SCENTRE GROUP TR 3.500%  2/12/25
 
200
 
197
   
P/P SCHLUMBERGER HLD 3.625% 12/21/22
 
209
 
217
   
P/P SES SA           3.600%  4/04/23
 
50
 
49
   
P/P SIEMENS FINANCIE 2.900%  5/27/22
 
250
 
252
   
P/P SINOPEC GRP OVER 1.750%  4/10/17
 
200
 
200
   
P/P SINOPEC GRP OVER 3.900%  5/17/22
 
200
 
206
   
P/P SPRINT SPECTRUM  3.360%  9/20/21
 
297
 
298
   
P/P STANDARD CHARTER 3.050%  1/15/21
 
250
 
250
   
P/P SUMITOMO MITSUI  2.050% 10/18/19
 
200
 
198
   
P/P TEACHERS INSUR   4.900%  9/15/44
 
40
 
43
   
P/P UBS GROUP FUNDIN 2.650%  2/01/22
 
200
 
194
   
VR P/P DIA-ICHI LIFE 4.000% 12/29/49
 
200
 
186
   
VR P/P WESTPAC BAN   0.933%  7/16/18
 
300
 
300
   
Total Private Placement Bonds
     
10,671
             
   
Total Other Investments
     
92,912
             
   
Total Investments, at Fair Value
     
3,914,244
             
   
Fully Benefit Responsive Investment Contracts
       
   
US Government and Agency Obligations
       
   
FFCB 0.21675% 3/22/2018
 
27,665
 
27,699
   
FFCB 0.62067% 10/19/2018
 
2,000
 
2,002
   
FFCB 0.68456% 3/15/2019
 
10,000
 
10,018
   
FGOLD  15YR 3.5% 10/01/2020
 
8
 
8
   
FGOLD  15YR 3.5% 10/01/2025
 
12
 
12
   
FGOLD  15YR 3.5% 9/01/2025
 
89
 
93
   
FGOLD  15YR 4% 7/01/2025
 
1,109
 
1,167
   
FGOLD 15YR 3% 1/01/2027
 
3,481
 
3,574
   
FGOLD 15YR 3% 11/01/2025
 
790
 
811
   
FGOLD 15YR 3% 11/01/2026
 
605
 
621
   
FGOLD 15YR 3% 3/01/2027
 
3,054
 
3,137
   
FGOLD 15YR 3.5% 1/01/2021
 
430
 
449
   
FGOLD 15YR 3.5% 10/01/2025
 
2,343
 
2,446
   
FGOLD 15YR 3.5% 11/01/2025
 
116
 
121
   
FGOLD 15YR 3.5% 12/01/2025
 
1,316
 
1,374
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
FGOLD 15YR 3.5% 2/01/2026
 
1,430
 
1,493
   
FGOLD 15YR 3.5% 4/01/2021
 
378
 
394
   
FGOLD 15YR 3.5% 5/01/2026
 
60
 
63
   
FGOLD 15YR 3.5% 6/01/2026
 
1,109
 
1,159
   
FGOLD 15YR 3.5% 7/01/2026
 
1,779
 
1,858
   
FGOLD 15YR 3.5% 8/01/2026
 
1,056
 
1,103
   
FGOLD 15YR 4% 10/01/2025
 
37
 
39
   
FGOLD 15YR 4% 3/01/2026
 
120
 
126
   
FGOLD 15YR 4% 5/01/2026
 
412
 
431
   
FGOLD 15YR 4% 6/01/2024
 
278
 
293
   
FGOLD 15YR 4% 6/01/2025
 
44
 
46
   
FGOLD 15YR 4% 6/01/2026
 
2,528
 
2,660
   
FGOLD 15YR 5% 11/01/2017
 
11
 
10
   
FGOLD 15YR 5% 6/01/2018
 
13
 
14
   
FGOLD 15YR 5.5% 10/01/2018
 
5
 
5
   
FGOLD 15YR 5.5% 2/01/2019
 
52
 
53
   
FGOLD 15YR GIANT 3% 1/01/2027
 
944
 
970
   
FGOLD 15YR GIANT 3% 3/01/2031
 
1,986
 
2,039
   
FGOLD 15YR GIANT 3% 6/01/2027
 
873
 
896
   
FGOLD 15YR GIANT 3% 9/01/2030
 
1,228
 
1,262
   
FGOLD 15YR GIANT 3% 9/01/2031
 
1,137
 
1,169
   
FGOLD 15YR GIANT 3.5% 1/01/2027
 
1,141
 
1,193
   
FGOLD 15YR GIANT 3.5% 1/01/2030
 
355
 
371
   
FGOLD 15YR GIANT 3.5% 10/01/2026
 
1,102
 
1,151
   
FGOLD 15YR GIANT 3.5% 10/01/2029
 
60
 
63
   
FGOLD 15YR GIANT 3.5% 11/01/2025
 
340
 
355
   
FGOLD 15YR GIANT 3.5% 11/01/2029
 
885
 
926
   
FGOLD 15YR GIANT 3.5% 2/01/2030
 
6,143
 
6,416
   
FGOLD 15YR GIANT 3.5% 3/01/2030
 
342
 
358
   
FGOLD 15YR GIANT 3.5% 4/01/2029
 
337
 
352
   
FGOLD 15YR GIANT 3.5% 4/01/2030
 
766
 
801
   
FGOLD 15YR GIANT 3.5% 6/01/2029
 
511
 
535
   
FGOLD 15YR GIANT 3.5% 7/01/2021
 
13
 
14
   
FGOLD 15YR GIANT 3.5% 7/01/2029
 
1,276
 
1,335
   
FGOLD 15YR GIANT 3.5% 8/01/2026
 
80
 
84
   
FGOLD 15YR GIANT 3.5% 8/01/2027
 
1,317
 
1,375
   
FGOLD 15YR GIANT 3.5% 8/01/2029
 
2,158
 
2,258
   
FGOLD 15YR GIANT 3.5% 9/01/2025
 
365
 
381
   
FGOLD 15YR GIANT 3.5% 9/01/2026
 
727
 
759
   
FGOLD 15YR GIANT 4% 10/01/2025
 
122
 
128
   
FGOLD 15YR GIANT 4% 5/01/2026
 
545
 
574
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
FGOLD 15YR GIANT 4% 6/01/2026
 
867
 
913
   
FHLB 1.125% 4/25/2018
 
14,665
 
14,676
   
FHLB 1.875% 3/08/2019
 
9,500
 
9,610
   
FHLMC 3.75% 3/27/2019
 
8,665
 
9,128
   
FHLMC 5/1 HYBRID ARM 3.215% 12/01/2036
 
361
 
386
   
FHLMC_T-13 6.085% 9/25/2029
 
1
 
1
   
FNMA  15YR 3.5% 1/01/2026
 
947
 
988
   
FNMA  15YR 3.5% 10/01/2025
 
579
 
604
   
FNMA  15YR 3.5% 11/01/2025
 
3,018
 
3,149
   
FNMA  15YR 3.5% 12/01/2025
 
606
 
632
   
FNMA  15YR 3.5% 12/01/2026
 
22
 
23
   
FNMA  15YR 3.5% 2/01/2026
 
872
 
910
   
FNMA  15YR 3.5% 3/01/2026
 
302
 
315
   
FNMA  15YR 3.5% 8/01/2026
 
379
 
395
   
FNMA  15YR 3.5% 9/01/2025
 
79
 
82
   
FNMA  15YR 4% 1/01/2025
 
49
 
51
   
FNMA  15YR 4% 4/01/2025
 
679
 
717
   
FNMA  15YR 4% 5/01/2025
 
427
 
451
   
FNMA  15YR 4% 9/01/2024
 
541
 
571
   
FNMA  15YR 4% 9/01/2025
 
25
 
26
   
FNMA  15YR 4.5% 1/01/2025
 
9
 
9
   
FNMA  15YR 4.5% 3/01/2023
 
60
 
64
   
FNMA  15YR 4.5% 7/01/2023
 
41
 
44
   
FNMA  15YR 5% 1/01/2019
 
76
 
78
   
FNMA  15YR 5% 10/01/2024
 
220
 
233
   
FNMA  15YR 5% 11/01/2018
 
26
 
27
   
FNMA  15YR 5% 12/01/2018
 
128
 
131
   
FNMA  15YR 5% 3/01/2023
 
43
 
46
   
FNMA  15YR 5% 4/01/2018
 
53
 
55
   
FNMA  15YR 5% 8/01/2023
 
1
 
1
   
FNMA  15YR 5.5% 2/01/2018
 
10
 
10
   
FNMA  15YR 5.5% 7/01/2018
 
40
 
40
   
FNMA  15YR 5.5% 8/01/2023
 
36
 
37
   
FNMA  15YR 6% 2/01/2020
 
2
 
2
   
FNMA  15YR 6% 4/01/2023
 
196
 
211
   
FNMA  15YR 6% 8/01/2017
 
1
 
1
   
FNMA  BENCH 1% 9/27/2017
 
12,825
 
12,837
   
FNMA 0.75% 3/14/2017
 
14,420
 
14,423
   
FNMA 1.625% 1/21/2020
 
2,595
 
2,603
   
FNMA 10/1 HYBRID ARM 2.718% 5/01/2035
 
85
 
89
   
FNMA 10/1 HYBRID ARM 2.74% 10/01/2034
 
30
 
31
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
FNMA 10/1 HYBRID ARM 3.042% 12/01/2035
 
81
 
82
   
FNMA 10/1 HYBRID ARM 3.309% 12/01/2033
 
8
 
9
   
FNMA 15YR 3% 10/01/2030
 
7,628
 
7,834
   
FNMA 15YR 3% 11/01/2030
 
2,532
 
2,601
   
FNMA 15YR 3% 2/01/2030
 
2,041
 
2,096
   
FNMA 15YR 3% 2/01/2031
 
8,753
 
8,990
   
FNMA 15YR 3% 3/01/2031
 
1,481
 
1,521
   
FNMA 15YR 3% 4/01/2031
 
1,347
 
1,383
   
FNMA 15YR 3% 5/01/2031
 
3,632
 
3,730
   
FNMA 15YR 3% 7/01/2027
 
436
 
448
   
FNMA 15YR 3% 7/01/2030
 
603
 
620
   
FNMA 15YR 3% 9/01/2029
 
2,136
 
2,194
   
FNMA 15YR 3.5% 1/01/2026
 
564
 
588
   
FNMA 15YR 3.5% 1/01/2027
 
1,912
 
1,994
   
FNMA 15YR 3.5% 1/01/2030
 
3,221
 
3,361
   
FNMA 15YR 3.5% 10/01/2026
 
2,827
 
2,950
   
FNMA 15YR 3.5% 10/01/2028
 
690
 
720
   
FNMA 15YR 3.5% 10/01/2029
 
190
 
198
   
FNMA 15YR 3.5% 11/01/2027
 
50
 
52
   
FNMA 15YR 3.5% 11/01/2028
 
809
 
844
   
FNMA 15YR 3.5% 11/01/2029
 
746
 
778
   
FNMA 15YR 3.5% 12/01/2025
 
713
 
745
   
FNMA 15YR 3.5% 12/01/2026
 
753
 
785
   
FNMA 15YR 3.5% 12/01/2028
 
317
 
330
   
FNMA 15YR 3.5% 12/01/2029
 
3,124
 
3,258
   
FNMA 15YR 3.5% 2/01/2026
 
459
 
479
   
FNMA 15YR 3.5% 2/01/2027
 
130
 
136
   
FNMA 15YR 3.5% 2/01/2028
 
13
 
14
   
FNMA 15YR 3.5% 2/01/2029
 
1,830
 
1,909
   
FNMA 15YR 3.5% 2/01/2031
 
2,527
 
2,637
   
FNMA 15YR 3.5% 4/01/2026
 
760
 
793
   
FNMA 15YR 3.5% 4/01/2030
 
1,053
 
1,098
   
FNMA 15YR 3.5% 5/01/2027
 
425
 
444
   
FNMA 15YR 3.5% 5/01/2029
 
480
 
501
   
FNMA 15YR 3.5% 6/01/2027
 
2,954
 
3,082
   
FNMA 15YR 3.5% 6/01/2029
 
654
 
682
   
FNMA 15YR 3.5% 6/01/2030
 
1,116
 
1,167
   
FNMA 15YR 3.5% 7/01/2029
 
3,717
 
3,877
   
FNMA 15YR 3.5% 8/01/2026
 
375
 
391
   
FNMA 15YR 3.5% 8/01/2027
 
486
 
507
   
FNMA 15YR 3.5% 8/01/2029
 
2,356
 
2,458
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
FNMA 15YR 3.5% 9/01/2026
 
2,898
 
3,025
   
FNMA 15YR 3.5% 9/01/2028
 
5,911
 
6,166
   
FNMA 15YR 3.5% 9/01/2029
 
2,979
 
3,108
   
FNMA 15YR 4% 1/01/2029
 
2,112
 
2,212
   
FNMA 15YR 4% 11/01/2026
 
419
 
442
   
FNMA 15YR 4% 5/01/2027
 
20
 
21
   
FNMA 15YR 4.5% 10/01/2019
 
59
 
61
   
FNMA 15YR 4.5% 5/01/2024
 
288
 
304
   
FNMA 15YR 4.5% 6/01/2026
 
156
 
165
   
FNMA 15YR 5% 3/01/2023
 
12
 
13
   
FNMA 15YR 5.5% 4/01/2021
 
78
 
82
   
FNMA 6M LIBOR ARM 2.561% 3/01/2034
 
179
 
175
   
FNMA 6M LIBOR ARM 2.633% 8/01/2034
 
61
 
60
   
FNMA 6M LIBOR ARM 2.665% 11/01/2032
 
35
 
36
   
FNMA 6M LIBOR ARM 2.665% 12/01/2032
 
181
 
191
   
FNMA 6M LIBOR ARM 2.768% 4/01/2035
 
94
 
98
   
FNMA 6M LIBOR ARM 2.879% 9/01/2035
 
353
 
372
   
FNMA 7/1 HYBRID ARM 3.12% 1/01/2034
 
130
 
135
   
FNMA 7/1 HYBRID ARM 3.128% 1/01/2036
 
22
 
23
   
FNMA 7/1 HYBRID ARM 3.483% 3/01/2036
 
97
 
98
   
FNMA_03-W11 4.29183% 6/25/2033
 
2
 
2
   
FNMA_04-60 5.5% 4/25/2034
 
102
 
105
   
FNMA_11-16 3.5% 3/25/2026
 
86
 
88
   
FNMA_11-55 3% 7/25/2025
 
1,034
 
1,055
   
FNMA_12-31 1.75% 10/25/2022
 
2,044
 
2,047
   
GNMA_11-161 1.738% 1/16/2034
 
407
 
407
   
GNMA_12-142 1.105% 5/16/2037
 
1,078
 
1,057
   
GNMA_12-55 1.75% 8/16/2033
 
580
 
581
   
GNMA_12-86 1.55817% 4/16/2040
 
442
 
440
   
GNMA_13-12 1.41% 10/16/2042
 
711
 
699
   
GNMA_13-126 1.54% 4/16/2038
 
609
 
598
   
GNMA_13-146 2% 8/16/2040
 
837
 
838
   
GNMA_13-17 1.55835% 10/16/2043
 
899
 
882
   
GNMA_13-179 1.8% 7/16/2037
 
611
 
603
   
GNMA_13-194 2.25% 5/16/2038
 
551
 
550
   
GNMA_13-2 1.6% 12/16/2042
 
652
 
648
   
GNMA_13-30 1.5% 5/16/2042
 
1,528
 
1,505
   
GNMA_13-32 1.9% 1/16/2042
 
1,453
 
1,440
   
GNMA_13-33 1.061% 7/16/2038
 
1,454
 
1,426
   
GNMA_13-35 1.618% 2/16/2040
 
1,994
 
1,957
   
GNMA_13-52 1.15% 6/16/2038
 
1,243
 
1,217
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
GNMA_13-57 1.35% 6/16/2037
 
2,267
 
2,226
   
GNMA_13-73 1.35% 1/16/2039
 
1,481
 
1,458
   
GNMA_13-78 1.62443% 7/16/2039
 
626
 
619
   
GNMA_14-103 1.742% 6/16/2053
 
1,896
 
1,921
   
GNMA_14-109 2.325% 1/16/2046
 
1,475
 
1,478
   
GNMA_14-135 2.4% 8/16/2045
 
1,340
 
1,338
   
GNMA_14-47 2.25% 8/16/2040
 
368
 
369
   
GNMA_14-64 2.2% 11/16/2046
 
1,349
 
1,352
   
GNMA_14-86 2.65% 11/16/2040
 
1,200
 
1,210
   
GNMA_15-109 2.5279% 2/16/2040
 
1,044
 
1,050
   
GNMA_15-2 2.1% 12/16/2044
 
1,629
 
1,621
   
GNMA_15-21 2.6% 11/16/2042
 
1,146
 
1,154
   
GNMA_15-5 2.5% 11/16/2039
 
2,376
 
2,384
   
GNMA_15-78 2.9179% 6/16/2040
 
1,079
 
1,091
   
GNMA_16-39 2.3% 1/16/2043
 
2,015
 
2,004
   
PRIVATE EXPORT FUNDING CO 5.45% 9/15/2017
 
1,920
 
1,978
   
TREASURY NOTE 0.875% 9/15/2019
 
65,125
 
64,273
   
TREASURY NOTE 1.25% 10/31/2018
 
21,375
 
21,409
   
US TII .125 04/15/2018 (T 0.125% 4/15/2018
 
11,090
 
11,702
   
Total US Government and Agency Obligations
     
387,499
             
   
Common/Collective Trusts
       
*
 
COLUMBIA TRUST DECL DURATION GOVT BOND FUND
 
9,235
 
95,864
*
 
COLUMBIA TRUST GOV MONEY MKT FUND
 
2,160
 
2,160
   
Total Common/Collective Trusts
     
98,024
             
   
Pooled Separate Accounts
       
   
MET LIFE SEPARATE ACCOUNT CONTRACT
 
651
 
67,481
             
   
Wrapper Contracts
       
   
MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08%
     
49
   
PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00%
     
24
   
PRUDENTIAL GA63690
     
11
   
RBC I - #10903, MATURES 12/31/50, 4.02%
     
41
   
Total Wrapper Contracts
     
125
             
   
Total Fully Benefit Responsive Investment Contracts, at Fair Value
     
553,129
             
   
Adjustment from Fair Value to Contract Value
       
*
 
JP MORGAN CHASE I - #AISP01, MATURES 12/31/50, 4.24%
     
521
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2016
 
 (a)    (b) Identity of Issue, Borrower, Lessor, or Similar Party     
(c) Number of Shares / Units or Face Amount (in thousands)
  (d) Current Value (in thousands)
   
LINCOLN NATIONAL LIFE
     
150
   
MET LIFE - #28972, MATURES 12/31/50, 3.98%
     
88
   
MET LIFE (SA)- #32745
     
163
   
MONUMENT LIFE II - #MDA00633TR, MATURES 12/31/50, 4.11%
     
(65)
   
MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08%
     
381
   
PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00%
     
147
   
PRUDENTIAL GA63690
     
157
   
RBC I - #10903, MATURES 12/31/50, 4.02%
     
(909)
   
Total Adjustments
     
633
             
   
Total Fully Benefit Responsive Investment Contracts, at Contract Value
     
553,762
             
   
          TOTAL INVESTMENTS
     
4,468,006
             
   
Loans to Participants
       
*
 
Various Loans - 3.25% through 9.50% due through November 2046
     
78,998
   
Loans to Participants Total
     
78,998
 
*
Indicates party-in-interest
 
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
for the Year Ended December 31, 2016
 
(a) Identity of Issue, Borrower, Lessor, or Similar Party
 
(b) Number of Shares / Units or Face Amount (in thousands)
  (c) Proceeds of dispositions (in thousands)
       
CORPORATE DEBT INSTRUMENTS
     
AERCAP IRELAND 3.95%  02/01/2022
150
 
152
AMERICAN INTERNATIONAL GROUP 3.30%  03/01/2021
200
 
210
ANHEUSER-BUSCH INBEV 2.65%  02/01/2021
134
 
137
APPLE 2.85%  02/23/2023
95
 
101
BARCLAYS 3.25% 01/12/2021
317
 
323
BURLINGTON NORTH SANTA FE 3.90%  08/01/2046
50
 
52
BPCE 4.875%  04/01/2026
200
 
207
FORD MOTOR CREDIT COMPANY 4.389%   01/08/2026
200
 
203
SIMON PROPERTY GROUP 3.30%  01/15/2026
110
 
118
TIME WARNER 3.80%  02/15/2027
85
 
85
TOTAL SYSTEM SERVICES 4.80%  04/01/2026
42
 
44
 
 
SIGNATURE

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

   
AMERICAN EXPRESS RETIREMENT
SAVINGS PLAN
   
       
Date: June 28, 2017
 
By
/s/ Rita Pang
     
Rita Pang
     
Employee Benefits Administration Committee


 
 
EXHIBIT INDEX

Exhibit
Number
 
Description
 
How Filed
 
23
 
Consent of Independent Registered Public Accounting Firm – PricewaterhouseCoopers LLP
 
Electronically filed herewith




E-1