Interest Income and Interest Expense (Tables)

12 Months Ended

Dec. 31, 2013

Interest Income (Expense), Net [Abstract]

Details of interest income and interest expense

Details of interest income and interest expense were as follows.

Year ended December 31, (in millions)	2013				2012				2011
Interest income
Loans	$	33,489			$	35,832			$	37,098
Securities	7,812				7,939				9,215
Trading assets	8,426				9,039				11,142
Federal funds sold and securities purchased under resale agreements	1,940				2,442				2,523
Securities borrowed	(127		)	(c)	(3		)	(c)	110
Deposits with banks	918				555				599
Other assets(a)	538				259				606
Total interest income	52,996				56,063				61,293
Interest expense
Interest-bearing deposits	2,067				2,655				3,855
Short-term and other liabilities(b)	2,125				1,788				2,873
Long-term debt	5,007				6,062				6,109
Beneficial interests issued by consolidated VIEs	478				648				767
Total interest expense	9,677				11,153				13,604
Net interest income	43,319				44,910				47,689
Provision for credit losses	225				3,385				7,574
Net interest income after provision for credit losses	$	43,094			$	41,525			$	40,115

(a) Largely margin loans.

(b) Includes brokerage customer payables.

(c) Negative interest income for the years ended December 31, 2013 and 2012, is a result of increased client-driven demand for certain securities combined with the impact of low interest rates; the offset of this matched book activity is reflected as lower net interest expense reported within short-term and other liabilities.