Interest Income and Interest Expense

12 Months Ended

Dec. 31, 2019

Banking and Thrift, Interest [Abstract]

Interest Income and Interest Expense

Note 23.

Interest Income and Interest Expense

Interest is recorded over the life of the instrument on an accrual basis based on contractual interest rates.

The table below presents sources of interest income and interest expense.

	Year Ended December
$ in millions		2019	2018	2017
Deposits with banks		$  1,211	$  1,418	$     819
Collateralized agreements		4,397	3,852	1,661
Trading assets		5,899	5,157	4,667
Investments		1,457	1,215	704
Loans		5,411	4,689	3,222
Other interest		3,363	3,348	2,040
Total interest income		21,738	19,679	13,113
Deposits		3,568	2,606	1,380
Collateralized financings		2,658	2,051	863
Trading liabilities		1,213	1,554	1,388
Short-term borrowings		668	695	698
Long-term borrowings		5,359	5,555	4,599
Other interest		3,910	3,451	1,253
Total interest expense		17,376	15,912	10,181
Net interest income		$  4,362	$  3,767	$  2,932

In the table above:

• Collateralized agreements includes rebates paid and interest income on securities borrowed.

• Loans excludes interest on loans held for sale that are accounted for at the lower of cost or fair value. Such interest is included within other interest.

• Other interest income includes interest income on customer debit balances, other interest-earning assets and loans held for sale that are accounted for at the lower of cost or fair value.

• Collateralized financings consists of repurchase agreements and securities loaned.

• Short- and long-term borrowings include both secured and unsecured borrowings.

• Other interest expense includes rebates received on other interest-bearing liabilities and interest expense on customer credit balances.