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Fee Income from Contracts with Customers
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Fee Income from Contracts with Customers Fee Income from Contracts with Customers
The following table summarizes fee income from contracts with customers disaggregated by type of activity, as well as a reconciliation to total other revenues, during the three and nine months ended September 30, 2024 and 2023. See Note 23, "Fee Income from Contracts with Customers," in our 2023 Form 10-K for a description of the various types of fee-based activities and how revenue associated with these activities is recognized. There have been no significant changes in these activities since December 31, 2023.
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
 (in millions)
Credit card fees, net$14 $13 $42 $36 
Trust and investment management fees37 33 107 96 
Other fees and commissions:
Account services80 70 231 209 
Credit facilities69 89 243 238 
Other fees8 11 29 28 
Total other fees and commissions157 170 503 475 
Servicing and other fees from HSBC affiliates99 87 280 238 
Insurance(1)
1 1 3 3 
Total fee income from contracts with customers308 304 935 848 
Other non-fee revenue26 213 475 570 
Total other revenues(2)
$334 $517 $1,410 $1,418 
(1)Included within other income (loss) in the consolidated statement of income.
(2)See Note 13, "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.
Credit card fees, net We recognized interchange fees of $27 million and $81 million during the three and nine months ended September 30, 2024, respectively, compared with $25 million and $78 million during the three and nine months ended September 30, 2023, respectively. Credit card rewards program costs totaled $16 million and $48 million during the three and nine months ended September 30, 2024, respectively, compared with $16 million and $49 million during the three and nine months ended September 30, 2023, respectively.
Deferred Fee Income
Information related to deferred fee income on loan commitments, revolving credit facilities and standby letters of credit is included in Note 16, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," and Note 17, "Fair Value Measurements." Excluding these items, we had deferred fee income related to certain account service fees that are paid upfront and recognized over the service period and annual fees on credit cards which collectively was $3 million at both September 30, 2024 and December 31, 2023. We expect to recognize this revenue over a remaining period of one year or less.
We do not use significant judgments in the determination of the amount and timing of fee income from contracts with customers. Additionally, costs to obtain or fulfill contracts with customers were immaterial.