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Net interest revenue (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest revenue          
Deposits with the Federal Reserve and other central banks $ (10) $ (7) $ 102 $ 63 $ 354
Deposits with banks 20 40 73 118 200
Federal funds sold and securities purchased under resale agreements 48 61 660 505 1,702
Margin loans 41 40 104 168 358
Non-margin loans 199 230 287 738 1,007
Securities:          
Taxable 499 556 669 1,649 2,062
Exempt from federal income taxes 7 6 7 19 29
Total securities 506 562 676 1,668 2,091
Trading securities 16 17 40 73 115
Total interest revenue 820 943 1,942 3,333 5,827
Interest expense          
Deposits (29) (17) 437 194 1,260
Federal funds purchased and securities sold under repurchase agreements 6 1 443 282 1,146
Trading liabilities 2 2 8 11 26
Other borrowed funds 3 7 10 14 54
Commercial paper 0 1 22 7 48
Customer payables 0 (1) 59 29 198
Long-term debt 135 170 233 499 722
Total interest expense 117 163 1,212 1,036 3,454
Net interest revenue 703 780 730 2,297 2,373
Provision for credit losses 9 143 (16) 321 [1] (17) [1]
Net interest revenue after provision for credit losses $ 694 $ 637 746 $ 1,976 2,390
Operating lease, impairment loss     $ 70   $ 70
[1] In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, on a prospective basis. See Note 2 of the Notes to Consolidated Financial Statements for additional information.