Interest Income and Interest Expense

6 Months Ended

Jun. 30, 2022

Interest Income (Expense), Net [Abstract]


	Three Months Ended June 30,				Six Months Ended June 30,
$ in millions	2022		2021		2022		2021
Interest income
Investment securities	$	741	$	608	$	1,518	$	1,457
Loans	1,402		1,040		2,559		2,028
Securities purchased under agreements to resell1,2	193		(56)		206		(111)
Securities borrowed1,3	(70)		(265)		(287)		(506)
Trading assets, net of Trading liabilities	562		486		1,087		996
Customer receivables and Other4	784		399		1,179		785
Total interest income	$	3,612	$	2,212	$	6,262	$	4,649

Interest expense
Deposits	$	135	$	108	$	209	$	228
Borrowings	934		719		1,619		1,433
Securities sold under agreements to repurchase1,5	174		26		222		63
Securities loaned1,6	111		90		205		167
Customer payables and Other7	(24)		(596)		(491)		(1,135)
Total interest expense	$	1,330	$	347	$	1,764	$	756
Net interest	$	2,282	$	1,865	$	4,498	$	3,893

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 June 30, 2022		At December 31, 2021
Customer and other receivables	$	2,620	$	1,800
Customer and other payables	2,900		2,164