In its Card Services unit, the net loss was $547 million, a decline of $1.2 billion from the prior year. The decrease was driven by a higher provision for credit losses, partially offset by higher net revenue. End-of-period managed loans were $176.1 billion, an increase of $25.2 billion, or 17%, from the prior year and a decrease of $14.2 billion, or 7%, from the prior quarter. Charge volume was $76.0 billion, a decrease of $9.4 billion, or 11%, from the prior year. Merchant processing volume was $94.4 billion on 4.1 billion in total transactions processed.