Interest Income and Interest Expense

9 Months Ended

Sep. 30, 2022

Interest Income (Expense), Net [Abstract]


	Three Months Ended September 30,				Nine Months Ended September 30,
$ in millions	2022		2021		2022		2021
Interest income
Investment securities	$	743	$	643	$	2,261	$	2,100
Loans	1,910		1,063		4,469		3,091
Securities purchased under agreements to resell1,2	664		(36)		870		(147)
Securities borrowed1,3	385		(246)		97		(752)
Trading assets, net of Trading liabilities	635		525		1,722		1,521
Customer receivables and Other4	1,764		402		2,944		1,187
Total interest income	$	6,101	$	2,351	$	12,363	$	7,000

Interest expense
Deposits	$	476	$	102	$	684	$	330
Borrowings	1,370		597		2,990		2,030
Securities sold under agreements to repurchase1,5	501		19		725		82
Securities loaned1,6	135		112		340		279
Customer payables and Other7	1,109		(542)		616		(1,677)
Total interest expense	$	3,591	$	288	$	5,355	$	1,044
Net interest	$	2,510	$	2,063	$	7,008	$	5,956

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 September 30, 2022		At December 31, 2021
Customer and other receivables	$	3,242	$	1,800
Customer and other payables	3,401		2,164