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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Loans $ 724 $ 719 $ 1,432 $ 1,425
Securities 129 114 258 224
Securities borrowed or purchased under resale agreements 83 44 146 94
Trading assets 82 38 156 60
Other 8 4 18 10
Total interest income 1,026 919 2,010 1,813
Interest Expense        
Deposits 58 49 107 98
Commercial paper and other short-term borrowings 10 7 18 10
Long-term debt 60 63 117 136
Securities loaned or sold under repurchase agreements 84 31 143 63
Trading liabilities 20 15 36 28
Total interest expense 232 165 421 335
Net Interest Income 794 [1] 754 [2] 1,589 [3] 1,478 [4]
(Reversal of) provision for credit losses (22) [1] (39) [2] (52) [3] 123 [4]
Net interest income after (reversal of) provision for credit losses 816 793 1,641 1,355
Noninterest Income        
Service charges on deposit accounts 47 46 95 95
Trust and investment management fees 30 30 59 62
Trading account activities (3) 40 (7) 68
Securities gains, net 7 19 9 32
Credit facility fees 23 28 49 55
Brokerage commissions and fees 18 25 36 44
Card processing fees, net 13 9 24 18
Investment banking and syndication fees 94 79 182 140
Fees from affiliates 211 258 430 470
Other, net 49 31 100 55
Total noninterest income 489 565 977 1,039
Noninterest Expense        
Salaries and employee benefits 586 572 1,201 1,167
Net occupancy and equipment 87 79 169 160
Professional and outside services 99 81 215 186
Software 47 37 93 74
Regulatory assessments 19 14 39 28
Intangible asset amortization 7 6 14 13
Other 112 117 232 246
Total noninterest expense 957 [1] 906 [2] 1,963 [3] 1,874 [4]
Income before income taxes and including noncontrolling interests 348 [1] 452 [2] 655 [3] 520 [4]
Income tax expense 63 [1] 129 [2] 146 [3] 147 [4]
Net Income Including Noncontrolling Interests 285 [1] 323 [2] 509 [3] 373 [4]
Deduct: Net loss from noncontrolling interests 10 [1] 11 [2] 15 [3] 23 [4]
Net Income Attributable to MUAH $ 295 [1] $ 334 [2] $ 524 [3] $ 396 [4]
[1] The transferred IHC entities are not measured using a "market view" perspective.
[2] The transferred IHC entities are not measured using a "market view" perspective.
[3] The transferred IHC entities are not measured using a "market view" perspective.
[4] The transferred IHC entities are not measured using a "market view" perspective.