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Line of Business Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Line of Business Information Line of Business Information
Our operations are organized into two lines of business: Investment Servicing and Investment Management, which are defined based on products and services provided. 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. For information about our two lines of business, as well as revenues, expenses and capital allocation methodologies associated with them, refer to pages 177 to 179 in Note 24 to the consolidated financial statements included under Item 8, Financial Statements and Supplementary Data, in our 2023 Form 10-K.
The following tables summarize our line of business results for the periods indicated. The "Other" columns represent amounts that are not allocated to our two lines of business, and for the six months ended June 30, 2024, are primarily related to the expenses associated with the FDIC special assessment to recover estimated losses to the Deposit Insurance Fund arising from the protection of uninsured depositors following the closure of SVB and Signature Bank.
Three Months Ended June 30,
Investment
Servicing		Investment
Management		OtherTotal
(Dollars in millions)20242023202420232024202320242023
Servicing fees$1,239 $1,259 $— $— $— $— $1,239 $1,259 
Management fees— — 511 461 — — 511 461 
Foreign exchange trading services304 276 32 27 — — 336 303 
Securities finance101 109 7 8 — — 108 117 
Software and processing fees214 221 — — — — 214 221 
Other fee revenue36 55 12 3 — — 48 58 
Total fee revenue1,894 1,920 562 499 — — 2,456 2,419 
Net interest income730 687 5 4 — — 735 691 
Total revenue2,624 2,607 567 503 — — 3,191 3,110 
Provision for credit losses10 (18)— — — — 10 (18)
Total expenses1,880 1,850 388 361 1 1 2,269 2,212 
Income before income tax expense$734 $775 $179 $142 $(1)$(1)$912 $916 
Pre-tax margin28 %30 %32 %28 %29 %29 %
Six Months Ended June 30,
Investment
Servicing		Investment
Management		OtherTotal
(Dollars in millions)20242023202420232024202320242023
Servicing fees$2,467 $2,476 $— $— $— $— $2,467 $2,476 
Management fees— — 1,021 918 — — 1,021 918 
Foreign exchange trading services612 597 55 48 — — 667 645 
Securities finance191 212 13 14 — — 204 226 
Software and processing fees (1)
421 386 — — — — 421 386 
Other fee revenue79 83 19 20 — — 98 103 
Total fee revenue3,770 3,754 1,108 1,000 — — 4,878 4,754 
Net interest income1,441 1,449 10 8 — — 1,451 1,457 
Total other income— — — — — — — — 
Total revenue5,211 5,203 1,118 1,008 — — 6,329 6,211 
Provision for credit losses37 26 — — — — 37 26 
Total expenses3,843 3,828 808 747 131 6 4,782 4,581 
Income before income tax expense$1,331 $1,349 $310 $261 $(131)$(6)1,510 $1,604 
Pre-tax margin26 %26 %28 %26 %24 %26 %