INTEREST REVENUE AND EXPENSE

3 Months Ended

Mar. 31, 2013

INTEREST REVENUE AND EXPENSE

INTEREST REVENUE AND EXPENSE

4.     INTEREST REVENUE AND EXPENSE

        For the three months ended March 31, 2013 and 2012, respectively, Interest revenue and Interest expense consisted of the following:

	Three Months Ended March 31,
In millions of dollars	2013		2012
Interest revenue
Loan interest, including fees	$	11,628	$	12,482
Deposits with banks		258		367
Federal funds sold and securities borrowed or purchased under agreements to resell		688		943
Investments, including dividends		1,802		1,910
Trading account assets(1)		1,630		1,697
Other interest		159		138
Total interest revenue	$	16,165	$	17,537
Interest expense
Deposits(2)	$	1,627	$	2,022
Federal funds purchased and securities loaned or sold under agreements to repurchase		609		695
Trading account liabilities(1)		42		53
Short-term borrowings		163		208
Long-term debt		1,840		2,612
Total interest expense	$	4,281	$	5,590
Net interest revenue	$	11,884	$	11,947
Provision for loan losses		2,295		2,828
Net interest revenue after provision for loan losses	$	9,589	$	9,119

(1)

Interest expense on Trading account liabilities of ICG is reported as a reduction of interest revenue from Trading account assets.

(2)

Includes deposit insurance fees and charges of $299 million and $372 million for three months ended March 31, 2013 and 2012, respectively.