Non-U.S. Activities

3 Months Ended

Mar. 31, 2013

Segments, Geographical Areas [Abstract]

We define our non-U.S. activities as those revenue-producing business activities that arise from clients domiciled outside the U.S. Due to the integrated nature of our business, precise segregation of our U.S. and non-U.S. activities is not possible. Subjective estimates and other judgments have been applied to determine the financial results and assets related to our non-U.S. activities, including our application of funds transfer pricing, our asset-and-liability management policies and our allocation of certain indirect corporate expenses. Interest expense allocations are based on our internal funds transfer pricing methodology.

The following table presents our non-U.S. financial results for the periods indicated. Results for the three months ended March 31, 2012 reflect changes in methodology associated with funds transfer pricing and expense allocation reflected in results for the three months ended March 31, 2013.



	Three Months Ended March 31,
(In millions)	2013			2012
Total fee revenue	$	765		$	738
Net interest revenue	273			227
Gains (Losses) related to investment securities, net	(3		)	3
Total revenue	1,035			968
Expenses	753			766
Income before income taxes	282			202
Income tax expense	69			47
Net income	$	213		$	155

The following table presents the significant components of our non-U.S. assets as of the dates indicated, based on the domicile of the underlying counterparties:



(In millions)	March 31, 2013		December 31, 2012
Interest-bearing deposits with banks	$	14,436	$	20,665
Investment securities	28,733		28,976
Other assets	8,592		5,929
Total non-U.S. assets	$	51,761	$	55,570

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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