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Operating Interest Income and Operating Interest Expense
 12 Months Ended
Dec. 31, 2015
Operating Interest Income and Operating Interest Expense Disclosure [Abstract]  
OPERATING INTEREST INCOME AND OPERATING INTEREST EXPENSE
OPERATING INTEREST INCOME AND OPERATING INTEREST EXPENSE
The following table shows the components of operating interest income and operating interest expense (dollars in millions):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Operating interest income:
 
 
 
 
 
Loans
$
230

 
$
297

 
$
395

Available-for-sale securities
244

 
288

 
279

Held-to-maturity securities
346

 
328

 
255

Margin receivables
276

 
264

 
224

Securities borrowed and other
119

 
102

 
54

Total operating interest income(1)
1,215

 
1,279

 
1,207

Operating interest expense:
 
 
 
 
 
Securities sold under agreements to repurchase(2)
(69
)
 
(123
)
 
(148
)
FHLB advances and other borrowings(2)
(48
)
 
(65
)
 
(68
)
Deposits
(4
)
 
(8
)
 
(13
)
Customer payables and other
(8
)
 
(9
)
 
(9
)
Total operating interest expense(3)
(129
)
 
(205
)
 
(238
)
Net operating interest income
$
1,086

 
$
1,074

 
$
969


(1)
Operating interest income reflects $(42) million, $(31) million, and $(16) million of expense on hedges that qualify for hedge accounting for the years ended December 31, 2015, 2014, and 2013, respectively.
(2)
The Company terminated $4.4 billion of repurchase agreements and FHLB advances in 2015. See Note 12—Other Borrowings for additional information.
(3)
Operating interest expense reflects $(74) million, $(132) million, and $(153) million of expense on hedges that qualify for hedge accounting for the years ended December 31, 2015, 2014, and 2013, respectively.