Interest Income and Interest Expense

3 Months Ended

Mar. 31, 2022

Interest Income (Expense), Net [Abstract]

Interest Income and Interest Expense

Interest Income and Interest Expense

	Three Months Ended March 31,
$ in millions	2022		2021
Interest income
Investment securities	$	777	$	849
Loans	1,156		988
Securities purchased under agreements to resell1,2	13		(55)
Securities borrowed1,3	(217)		(241)
Trading assets, net of Trading liabilities	524		510
Customer receivables and Other4	397		386
Total interest income	$	2,650	$	2,437
Interest expense
Deposits	$	73	$	120
Borrowings	685		714
Securities sold under agreements to repurchase1,5	49		37
Securities loaned1,6	93		77
Customer payables and Other7	(466)		(539)
Total interest expense	$	434	$	409
Net interest	$	2,216	$	2,028

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 March 31, 2022		At December 31, 2021
Customer and other receivables	$	2,309	$	1,800
Customer and other payables	2,659		2,164