Interest Income and Interest Expense (Tables)

9 Months Ended

Sep. 30, 2015

Interest Income And Interest Expense

Schedule of Details of Interest Income and Interest Expense

			Three Months Ended September 30,				Nine Months Ended September 30,
			2015		2014		2015		2014
			(dollars in millions)
Interest income(1):
	Trading assets(2)	$	568	$	508	$	1,707	$	1,520
	Investment securities		211		162		650		449
	Loans		560		474		1,573		1,220
	Interest bearing deposits with banks		29		22		74		81
	Securities purchased under agreements to resell and Securities borrowed(3)		(99)		(103)		(404)		(239)
	Customer receivables and Other(4)		182		321		721		946
Total interest income		$	1,451	$	1,384	$	4,321	$	3,977
Interest expense(1):
	Deposits	$	17	$	12	$	51	$	44
	Short-term borrowings		7		1		16		3
	Long-term borrowings		908		865		2,749		2,730
	Securities sold under agreements to repurchase and Securities loaned(5)		254		301		797		930
	Customer payables and Other(6)		(497)		(352)		(1,348)		(862)
Total interest expense		$	689	$	827	$	2,265	$	2,845
Net interest		$	762	$	557	$	2,056	$	1,132

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(1) Interest income and expense are recorded within the Company’s condensed consolidated statements of income depending on the nature of the instrument and related market conventions. When interest is 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.

(2) Interest expense on Trading liabilities is reported as a reduction to Interest income on Trading assets.

(3) Includes fees paid on Securities borrowed.

(4) Includes interest from Customer receivables and Other interest earning assets.

(5) Includes fees received on Securities loaned.

(6) Includes fees received from prime brokerage customers for stock loan transactions incurred to cover customers’ short positions.