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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following tables present related party balances and the income (expense) generated by related party transactions for continuing operations:
 
June 30, 2013
 
December 31, 2012
 
(in millions)
Assets:
 
 
 
Cash
$
258

 
$
193

Securities purchased under agreements to resell
5,342

 
2,160

Other assets
20

 
105

Total assets
$
5,620

 
$
2,458

Liabilities:
 
 
 
Due to affiliates (includes $478 million and $514 million at June 30, 2013 and December 31, 2012 carried at fair value, respectively)
$
8,250

 
$
9,089

Derivative related liability
—

 
18

Other liabilities(1)
7

 
83

Total liabilities
$
8,257

 
$
9,190

 
(1) 
Other liabilities includes $54 million at June 30, 2013 related to accrued interest receivable on derivative positions with affiliates. There were no similar balances at December 31, 2012.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Income/(Expense):
 
 
 
 
 
 
 
Interest income from HSBC affiliates
$
1

 
$
1

 
$
2

 
$
2

Interest expense paid to HSBC affiliates(1)
(119
)
 
(141
)
 
(258
)
 
(280
)
Net interest income (loss)
$
(118
)
 
$
(140
)
 
$
(256
)
 
$
(278
)
Gain (loss) on FVO debt with affiliate
$
34

 
$
(5
)
 
$
37

 
$
(19
)
HSBC affiliate income:
 
 
 
 
 
 
 
Servicing and other fees from HSBC affiliates:
 
 
 
 
 
 
 
Real estate secured servicing and related fees from HSBC Bank USA
$
2

 
$
2

 
$
5

 
$
5

Other servicing, processing and support revenues
1

 
3

 
2

 
5

HSBC Technology and Services (USA) Inc. (“HTSU”) administrative fees and rental revenue(2)
3

 
4

 
6

 
8

Total servicing and other fees from HSBC affiliates
$
6

 
$
9

 
$
13

 
$
18

Support services from HSBC affiliates
$
(67
)
 
$
(79
)
 
$
(135
)
 
$
(145
)
Stock based compensation expense with HSBC
$
(2
)
 
$
(2
)
 
$
(4
)
 
$
(4
)

 
(1) 
Includes interest expense paid to HSBC affiliates for debt held by HSBC affiliates as well as net interest paid to or received from HSBC affiliates on risk management hedges related to non-affiliated debt.
(2) 
Rental revenue/(expense) from HTSU totaled $3 million and $6 million during the three and six months ended June 30, 2013, respectively, compared with $4 million and $7 million during the three and six months ended June 30, 2012, respectively.
Fees Received and Paid
The following table summarizes fees received and paid during the three and six months ended June 30, 2013 and 2012, respectively:
 
2013
 
2012
 
(in millions)
Three Months Ended June 30,
 
 
 
Fees received from HSBC Bank USA
$
1

 
$
1

Fees paid to HSBC Bank USA
—

 
1

 
 
 
 
Six Months Ended June 30,
 
 
 
Fees received from HSBC Bank USA
$
3

 
$
3

Fees paid to HSBC Bank USA
—

 
3
Receivable Portfolios
The following table summarizes the cumulative amount of receivables sold on a daily basis during the three and six months ended June 30, 2012:
 
 
 
Credit Cards
 
 
  
Private
Label
 
General
Motors
 
Union
Plus
 
Other
 
Total
 
(in billions)
Total of receivables sold on a daily basis to HSBC Bank USA during:
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012
$
1.1

 
$
1.0

 
$
.3

 
$
.1

 
$
2.5

Six Months Ended June 30, 2012
4.4

 
3.9

 
1.0

 
1.1

 
10.4