Interest Income and Interest Expense

6 Months Ended

Jun. 30, 2011

Interest Income and Interest Expense [Abstract]

Interest Income and Interest Expense

Note 23.  Interest Income and Interest Expense

Interest income is recorded on an accrual basis based on contractual interest rates. The table below presents the sources of interest income and interest expense.

	Three Months				Six Months
	Ended June				Ended June
in millions	2011		2010		2011		2010
Interest income
Deposits with banks	$	27	$	18	$	56	$	33
Securities borrowed, securities purchased under agreements to resell and federal funds sold		233		136		402		215
Financial instruments owned, at fair value		2,948		2,785		5,463		5,406
Other interest 1		473		363		867		649
Total interest income		3,681		3,302		6,788		6,303
Interest expense
Deposits		68		69		140		137
Securities loaned and securities sold under agreements to repurchase		236		163		437		299
Financial instruments sold, but not yet purchased, at fair value		763		481		1,259		976
Short-term borrowings 2		122		113		251		231
Long-term borrowings 2		856		738		1,642		1,484
Other interest 3		223		119		288		139
Total interest expense		2,268		1,683		4,017		3,266
Net interest income	$	1,413	$	1,619	$	2,771	$	3,037

1.	Primarily includes interest income on customer debit balances and other interest-earning assets.
2.	Includes interest on unsecured borrowings and other secured financings.
3.	Primarily includes interest expense on customer credit balances and other interest-bearing liabilities.