Net interest revenue (Tables)

6 Months Ended

Jun. 30, 2022

Interest Revenue (Expense), Net [Abstract]

Components of Net Interest Revenue

The following table provides the components of net interest revenue presented on the consolidated income statement.

Net interest revenue	Quarter ended						Year-to-date
(in millions)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Interest revenue
Deposits with the Federal Reserve and other central banks	$	99	$	2	$	(25)	$	101	$	(41)
Deposits with banks	33		14		11		47		25
Federal funds sold and securities purchased under resale agreements	116		37		25		153		57
Loans	370		260		237		630		467
Securities:
Taxable	509		434		415		943		865
Exempt from federal income taxes	10		10		11		20		20
Total securities	519		444		426		963		885
Trading securities	22		21		11		43		30
Total interest revenue	1,159		778		685		1,937		1,423
Interest expense
Deposits	90		(37)		(49)		53		(86)
Federal funds purchased and securities sold under repurchase agreements	77		12		(5)		89		(8)
Trading liabilities	10		4		2		14		5
Other borrowed funds	2		3		1		5		3
Customer payables	9		—		—		9		(1)
Long-term debt	147		98		91		245		210
Total interest expense	335		80		40		415		123
Net interest revenue	824		698		645		1,522		1,300
Provision for credit losses	47		2		(86)		49		(169)
Net interest revenue after provision for credit losses	$	777	$	696	$	731	$	1,473	$	1,469