Net Revenue (Tables)

12 Months Ended

Dec. 31, 2018

Revenues [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents the significant components of total net revenue (dollars in millions):

	Year Ended December 31,
	2018		2017		2016
Net interest income	$	1,846	$	1,485	$	1,148
Commissions	498		441		442
Fees and service charges	431		369		268
Gains on securities and other, net	53		28		42
Other revenue	45		43		41
Total net revenue	$	2,873	$	2,366	$	1,941

The following table presents the significant components of fees and service charges revenue (dollars in millions):    

	Year Ended December 31,
	2018		2017		2016
Fees and service charges:
Order flow revenue	$	174	$	135	$	96
Money market funds and sweep deposits revenue	71		92		50
Advisor management and custody fees	64		36		28
Mutual fund service fees	48		39		36
Foreign exchange revenue	25		26		21
Reorganization fees	14		16		16
Other fees and service charges	35		25		21
Total fees and service charges	$	431	$	369	$	268

Interest Income and Interest Expense Disclosure

The following table presents the significant components of interest income and interest expense (dollars in millions):

	Year Ended December 31,
	2018		2017		2016
Interest income:
Cash and equivalents	$	11	$	9	$	7
Cash segregated under federal or other regulations	15		12		6
Investment securities(1)	1,241		962		691
Margin receivables	491		320		249
Loans	128		157		191
Broker-related receivables and other	14		3		1
Subtotal interest income	1,900		1,463		1,145
Other interest revenue(2)	109		108		88
Total interest income	2,009		1,571		1,233
Interest expense:
Deposits	51		4		3
Customer payables	22		5		5
Broker-related payables and other	10		—		—
Other borrowings	25		22		18
Corporate debt	46		48		54
Subtotal interest expense	154		79		80
Other interest expense(3)	9		7		5
Total interest expense	163		86		85
Net interest income	$	1,846	$	1,485	$	1,148

(1) For the year ended December 31, 2018, includes $19 million of net fair value hedging adjustments. See Note 8—Derivative Instruments and Hedging Activities for additional information.

(2) Represents interest income on securities loaned.

(3) Represents interest expense on securities borrowed.