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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Loans $ 706 $ 905 $ 2,302 $ 2,746
Securities 109 149 361 456
Securities borrowed or purchased under resale agreements 17 190 174 608
Trading assets 82 87 269 270
Other 9 52 51 143
Total interest income 923 1,383 3,157 4,223
Interest Expense        
Deposits 55 224 324 623
Commercial paper and other short-term borrowings 7 53   161
Commercial paper and other short-term borrowings     43  
Long-term debt 78 120 275 378
Securities loaned or sold under repurchase agreements 11 207 143 667
Trading liabilities 13 25 52 80
Total interest expense 164 629 837 1,909
Net Interest Income 759 754 2,320 2,314
Provision for credit losses 41 95 872 189
Net interest income after provision for credit losses 718 659 1,448 2,125
Noninterest Income        
Service charges on deposit accounts 36 42 111 124
Trust and investment management fees 31 29 89 87
Trading account activities 14 34   70
Principal Transactions Revenue, Net     15  
Securities gains, net 27 11 137 34
Credit facility fees 27 26 77 73
Brokerage commissions and fees 18 19 51 58
Card processing fees, net 12 17 37 44
Investment banking and syndication fees 167 105 451 331
Fees from affiliates 369 378 1,123 1,073
Other, net 66 56 97 104
Total noninterest income 767 717 2,188 1,998
Noninterest Expense        
Salaries and employee benefits 700 673 2,073 2,054
Net occupancy and equipment 109 107 331 322
Professional and outside services 170 159 515 480
Software 86 84 261 236
Regulatory assessments 8 17 38 45
Intangible asset amortization 4 8 16 25
Goodwill, Impairment Loss 357 1,614 357 1,614
Other 89 108 311 318
Total noninterest expense 1,523 2,770 3,902 5,094
Income before income taxes and including noncontrolling interests (38) (1,394) (266) (971)
Income tax expense (benefit) (155) (18) (91) 30
Net Income (Loss) Including Noncontrolling Interests 117 (1,376) (175) (1,001)
Deduct: Net loss (income) from noncontrolling interests 4 4 12 12
Net Income (Loss) Attributable to MUAH $ 121 $ (1,372) $ (163) $ (989)