INTEREST REVENUE AND EXPENSE

12 Months Ended

Dec. 31, 2012

INTEREST REVENUE AND EXPENSE

INTEREST REVENUE AND EXPENSE

5. INTEREST REVENUE AND EXPENSE

For the years ended December 31, 2012, 2011 and 2010, respectively, Interest revenue and Interest expense consisted of the following:

In millions of dollars	2012		2011		2010
Interest revenue
Loan interest, including fees	$	47,712	$	49,466	$	54,377
Deposits with banks	1,261		1,742		1,245
Federal funds sold and securities borrowed or purchased under agreements to resell	3,418		3,631		3,156
Investments, including dividends	7,525		8,320		11,004
Trading account assets (1)	6,802		8,186		8,079
Other interest	580		513		735
Total interest revenue	$	67,298	$	71,858	$	78,596
Interest expense
Deposits (2)	$	7,690	$	8,531	$	8,332
Federal funds purchased and securities loaned or sold under agreements to repurchase	2,817		3,197		2,808
Trading account liabilities (1)	190		408		379
Short-term borrowings	727		650		917
Long-term debt	9,188		11,423		12,621
Total interest expense	$	20,612	$	24,209	$	25,057
Net interest revenue	$	46,686	$	47,649	$	53,539
Provision for loan losses	10,458		11,336		24,961
Net interest revenue after provision for loan losses	$	36,228	$	36,313	$	28,578

(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 $1,262 million, $1,332 million and $981 million for the years ended December 31, 2012, December 31, 2011 and December 31, 2010, respectively.