Line of Business Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Line of Business Information

Line of Business Information

We have two lines of business: Investment Servicing and Investment Management. The results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. Information about our two lines of business, as well as revenues, expenses and capital allocation methodologies associated with them, is provided in note 24 to the consolidated financial statements included in the 2014 Form 10-K.

The following is a summary of our line-of-business results for the periods indicated. The “Other” column represents costs incurred that are not allocated to a specific line of business, including certain severance and restructuring costs, acquisition costs and certain provisions for legal contingencies.

	Three Months Ended September 30,
	Investment Servicing						Investment Management						Other						Total
	2015			2014			2015			2014			2015			2014			2015			2014
(Dollars in millions, except where otherwise noted)
Servicing fees	$	1,294		$	1,302		$	—		$	—		$	—		$	—		$	1,294		$	1,302
Management fees	—			—			287			316			—			—			287			316
Trading services	283			266			11			12			—			—			294			278
Securities finance	113			99			—			—			—			—			113			99
Processing fees and other	131			25			(11		)	(8		)	—			—			120			17
Total fee revenue	1,821			1,692			287			320			—			—			2,108			2,012
Net interest revenue	514			566			(1		)	4			—			—			513			570
Gains (losses) related to investment securities, net	(2		)	—			—			—			—			—			(2		)	—
Total revenue	2,333			2,258			286			324			—			—			2,619			2,582
Provision for loan losses	5			2			—			—			—			—			5			2
Total expenses	1,673			1,642			204			236			85			14			1,962			1,892
Income before income tax expense	$	655		$	614		$	82		$	88		$	(85	)	$	(14	)	$	652		$	688
Pre-tax margin	28		%	27		%	29		%	27		%							25		%	27		%

	Nine Months Ended September 30,
	Investment Servicing						Investment Management						Other						Total
	2015			2014			2015			2014			2015			2014			2015			2014
(Dollars in millions, except where otherwise noted)
Servicing fees	$	3,892		$	3,828		$	—		$	—		$	—		$	—		$	3,892		$	3,828
Management fees	—			—			892			908			—			—			892			908
Trading services	869			756			30			35			—			—			899			791
Securities finance	369			331			—			—			—			—			369			331
Processing fees and other	212			122			(14		)	(5		)	—			—			198			117
Total fee revenue	5,342			5,037			908			938			—			—			6,250			5,975
Net interest revenue	1,593			1,675			1			11			—			—			1,594			1,686
Gains (losses) related to investment securities, net	(6		)	4			—			—			—			—			(6		)	4
Total revenue	6,929			6,716			909			949			—			—			7,838			7,665
Provision for loan losses	11			6			—			—			—			—			11			6
Total expenses	5,389			4,907			711			706			93			157			6,193			5,770
Income before income tax expense	$	1,529		$	1,803		$	198		$	243		$	(93	)	$	(157	)	$	1,634		$	1,889
Pre-tax margin	22		%	27		%	22		%	26		%							21		%	25		%