Net Interest Revenue

12 Months Ended

Dec. 31, 2012

The following table presents the components of interest revenue and interest expense, and related net interest revenue, for the years ended December 31:



(In millions)	2012		2011		2010
Interest revenue:
Deposits with banks	$	141	$	149	$	93
Investment securities:
U.S. Treasury and federal agencies	799		775		682
State and political subdivisions	215		221		222
Other investments	1,552		1,493		2,109
Securities purchased under resale agreements	51		28		24
Loans and leases⁽¹⁾	253		278		329
Other interest-earning assets	3		2		3
Total interest revenue	3,014		2,946		3,462
Interest expense:
Deposits	166		220		213
Short-term borrowings⁽¹⁾	73		96		257
Long-term debt	222		289		286
Other interest-bearing liabilities	15		8		7
Total interest expense	476		613		763
Net interest revenue	$	2,538	$	2,333	$	2,699

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⁽¹⁾	Amounts for 2010 included $67 million of interest revenue and interest expense related to the third-party asset-backed securitization trusts consolidated into our financial statements on January 1, 2010 in connection with our adoption of new GAAP. These trusts were de-consolidated in June 2010.