UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 8-K

Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  December 16, 2013

DISCOVER FINANCIAL SERVICES
(Exact name of registrant as specified in its charter)

Commission File Number: 001-33378

	

Delaware	 	36-2517428	
(State or other jurisdiction
of incorporation)	 	(IRS Employer
Identification No.)	
2500 Lake Cook Road, Riverwoods, Illinois 60015
(Address of principal executive offices, including zip code)
(224) 405-0900
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	
		
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	

	
		
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	

	
		
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	

	
		
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

Item 7.01 Regulation FD Disclosure.

Discover Financial Services hereby furnishes the information in Exhibit 99.1 hereto, Monthly Credit Card Charge-off and Delinquency Statistics as of and for the month ended November 30, 2013 .

_______________________

The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly stated by specific reference in such filing.

_______________________

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits  

			
 	 	 	
Exhibit No.	 	Description	
99.1	 	Monthly Credit Card Charge-off and Delinquency Statistics as of and for the month ended November 30, 2013.	

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	

 	 	 	 	DISCOVER FINANCIAL SERVICES	
 	 	 	 	
Dated: December 16, 2013	 	 	 	By:	 	/s/ D. Christopher Greene	
 	 	 	 	 	 	Name: D. Christopher Greene	
 	 	 	 	 	 	Title: Vice President, Deputy General Counsel
and Assistant Secretary	

Exhibit Index

	
			
Exhibit
Number	  	Description	
 	 	 	
99.1	 	Monthly Credit Card Charge-off and Delinquency Statistics as of and for the month ended November 30, 2013.	

Exhibit 99.1

Discover Financial Services
Monthly Credit Card Charge-off and Delinquency Statistics

as of and for the month ended
(dollars in billions)

					
 	 	November 30, 2013	
 	 	 	
Ending Loans	 	$	51.5		
Average Loans	 	$	50.5		
Net Principal Charge-off Rate (1)	 	2.2	%	
Delinquency rate (over 30 days) (2)	 	1.7	%	
		
(1)	Represents net principal charge-off dollars (annualized on an actual/actual day basis) divided by average loans	
for the reporting period.
		
(2)	Represents loans delinquent over 30 days divided by ending loans.	

The statistics presented above provide information regarding Discover Financial Services' total credit card portfolio. The data presented differs from the data reported by the Discover Card Master Trust I and, through the collateral certificate, the Discover Card Execution Note Trust (collectively, the “Trusts”) in their monthly Form 10-D reports filed with the Securities and Exchange Commission which reflects only receivables associated with credit card loans within the Trusts. The credit card loans that have been securitized through the Trusts do not possess identical characteristics with those of the total portfolio of Discover credit card loans, which reflects the aggregate of securitized and non-securitized credit card loans. Thus, the reported credit performance of the Trusts may, on a month-to-month basis, be better or worse than the credit performance of the total credit card portfolio. Reported differences may arise as a result of, among other things, differences in the mix and vintage of loans between the Trusts and the total portfolio, the use of beginning of month principal receivables balances to calculate charge-off statistics in the Trusts compared to the use of average loan balances over the reporting period used in the total portfolio statistics, and the calculation of the Trusts' net charge-off rate annualized on a 30/360 day count basis, as compared to an actual/actual day count basis for the total portfolio.