Interest Income and Interest Expense

12 Months Ended

Dec. 31, 2021

Interest Income (Expense), Net [Abstract]

Interest Income and Interest Expense

Interest Income and Interest Expense

$ in millions	2021		2020		2019
Interest income
Investment securities	$	2,759	$	2,282	$	2,175
Loans	4,209		4,142		4,783
Securities purchased under agreements to resell1,2	(181)		458		2,281
Securities borrowed1,3	(1,017)		(652)		1,204
Trading assets, net of Trading liabilities	2,038		2,417		2,899
Customer receivables and Other4	1,603		1,515		3,756
Total interest income	$	9,411	$	10,162	$	17,098
Interest expense
Deposits	$	409	$	953	$	1,885
Borrowings	2,725		3,250		5,052
Securities sold under agreements to repurchase1,5	93		564		1,967
Securities loaned1,6	401		419		642
Customer payables and Other7	(2,262)		(1,337)		2,858
Total interest expense	$	1,366	$	3,849	$	12,404
Net interest	$	8,045	$	6,313	$	4,694

1.Certain prior period amounts have been reclassified to conform to the current presentation.

2.Includes interest paid on Securities purchased under agreements to resell.

3.Includes fees paid on Securities borrowed.

4.Includes interest from Cash and cash equivalents.

5.Includes interest received on Securities sold under agreements to repurchase.

6.Includes fees received on Securities loaned.

7.Includes fees received from Equity Financing customers related to their short transactions, which can be under either margin or securities lending arrangements.

Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense.

Accrued Interest

$ in millions	At December 31, 2021		At December 31, 2020
Customer and other receivables	$	1,800	$	1,652
Customer and other payables	2,164		2,119