Net interest revenue

3 Months Ended

Mar. 31, 2012

Net interest revenue

Note 8 – Net interest revenue

Net interest revenue	Quarter ended
(in millions)		March 31, 2012		Dec. 31, 2011			March 31, 2011
Interest revenue
Non-margin loans	$	169	$	171		$	171
Margin loans		42		38			27
Securities:
Taxable		503		500			473
Exempt from federal income taxes		15		13			5
Total securities		518		513			478
Deposits with banks		114		118			128
Deposits with the Federal Reserve and other central banks		43		58			16
Federal funds sold and securities purchased under resale agreements		9		8			6
Trading assets		17		19			22
Total interest revenue		912		925			848
Interest expense
Deposits		43		59			48
Federal funds purchased and securities sold under repurchase agreements		-		(1	)		1
Trading liabilities		4		4			13
Other borrowed funds		5		5			7
Customer payables		2		2			2
Long-term debt		93		76			79
Total interest expense		147		145			150
Net interest revenue	$	765	$	780		$	698