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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans $ 716 $ 598
Securities 304 253
Trading securities 63 49
Short-term investments 176 158
Other 18 16
Total interest income 1,277 1,074
Interest expense:    
Deposits 333 222
Short-term borrowings 62 33
Long-term debt 312 257
Other 8 10
Total interest expense 715 522
Net interest income 562 552
Provision for credit losses 58 (71)
Net interest income after provision for credit losses 504 623
Other revenues:    
Other revenues 272 311
Trading revenue 133 163
Other securities gains, net 7 5
Gain (loss) on instruments designated at fair value and related derivatives (9) 30
Other income (loss) (11) 7
Total other revenues [1],[2] 390 513
Operating expenses:    
Salaries and employee benefits 210 207
Support services from HSBC affiliates 380 411
Occupancy expense, net 45 43
Other expenses 115 621
Total operating expenses [1] 750 1,282 [3]
Income (loss) before income tax 144 (146)
Income tax expense 35 92
Net income (loss) 109 (238)
Credit card fees, net [Member]    
Other revenues:    
Other revenues 12 11
Trust and investment management fees [Member]    
Other revenues:    
Other revenues 30 38
Other fees and commissions [Member]    
Other revenues:    
Other revenues 147 160
Servicing and other fees from HSBC affiliates [Member]    
Other revenues:    
Other revenues $ 81 $ 99
[1] Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis.
[2] See Note 15, "Business Segments," for a reconciliation of total other revenues on a U.S. GAAP basis to other operating income for each business segment under the Group Reporting Basis.
[3] Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.