Net Interest Revenue (Tables)

9 Months Ended

Sep. 30, 2014

Interest Revenue (Expense), Net [Abstract]

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)	Sept. 30, 2014			June 30, 2014			Sept. 30, 2013			Sept. 30, 2014			Sept. 30, 2013
Interest revenue
Non-margin loans	$	174		$	176		$	169		$	519		$	505
Margin loans	48			44			41			134			119
Securities:
Taxable	398			383			460			1,186			1,354
Exempt from federal income taxes	24			27			25			78			72
Total securities	422			410			485			1,264			1,426
Deposits with banks	58			77			70			208			209
Deposits with the Federal Reserve and other central banks	51			55			39			152			101
Federal funds sold and securities purchased under resale agreements	24			19			13			60			33
Trading assets	32			30			38			95			113
Total interest revenue	809			811			855			2,432			2,506
Interest expense
Deposits	24			24			26			70			83
Federal funds purchased and securities sold under repurchase agreements	(4		)	(3		)	(4		)	(11		)	(13		)
Trading liabilities	6			7			9			21			29
Other borrowed funds	1			2			1			4			4
Commercial paper	1			—			—			1			—
Customer payables	2			2			2			6			6
Long-term debt	58			60			49			173			149
Total interest expense	88			92			83			264			258
Net interest revenue	$	721		$	719		$	772		$	2,168		$	2,248