Second Quarter Highlights: • Total loans grew $6.1 billion (8%) from the prior year to $78.0 billion. • Credit card loans grew $4.6 billion (8%) to $61.8 billion and Discover card sales volume increased 5% from the prior year. • Total net charge-off rate excluding PCI loans increased 52 basis points from the prior year to 2.79% and the total delinquency rate over 30 days past due excluding PCI loans increased 33 basis points from the prior year to 1.93%. • Consumer deposits grew $3.6 billion (11%) from the prior year to $37.7 billion. Click Read More below for additional details.
“The U.S. Postal Service greatly appreciates the efforts of the House of Representatives to assist us. We look forward to continuing to work with Congress on more meaningful reform that will ensure our long-term health, and we remain a vital part of our nation’s critical infrastructure.
We are concerned that some of the requirements of the Bill, while well meaning, will constrain the ability of the Postal Service to make operational changes that will improve efficiency, reduce costs, and ultimately improve service to the American people.
We reiterate that the Postal Service is fully capable and committed to delivering the nation’s election mail securely and on time, and will do everything necessary to meet this sacred duty.”