Net interest revenue (Tables)

12 Months Ended

Dec. 31, 2019

Interest Revenue (Expense), Net [Abstract]

Components of Net Interest Revenue

The following table provides the components of net interest revenue presented on the consolidated income statement.

Net interest revenue	Year ended Dec. 31,
(in millions)	2019			2018			2017
Interest revenue
Deposits with the Federal Reserve and other central banks	$	448		$	531		$	319
Deposits with banks	265			219			120
Federal funds sold and securities purchased under resale agreements	2,154			1,116			423
Margin loans	454			510			343
Non-margin loans	1,335			1,356			1,077
Securities:
Taxable	2,701			2,520			1,977
Exempt from federal income taxes	36			54			64
Total securities	2,737			2,574			2,041
Trading securities	155			126			59
Total interest revenue	7,548			6,432			4,382
Interest expense
Deposits in domestic offices	958			537			107
Deposits in foreign offices	636			340			55
Federal funds purchased and securities sold under repurchase agreements	1,437			758			225
Trading liabilities	35			29			7
Other borrowed funds	59			58			26
Commercial paper	55			51			29
Customer payables	238			191			64
Long-term debt	942			857			561
Total interest expense	4,360			2,821			1,074
Net interest revenue	3,188			3,611			3,308
Provision for credit losses	(25		)	(11		)	(24		)
Net interest revenue after provision for credit losses	$	3,213		$	3,622		$	3,332