Interest revenue and expense |
Interest revenue and Interest expense consisted of the following: | | | | | | | | | | | | | | In millions of dollars | | | 2020 | 2019 | 2018 | Interest revenue | | | | | | Loan interest, including fees | | | $ | 40,185 | | $ | 47,751 | | $ | 45,682 | | Deposits with banks | | | 928 | | 2,682 | | 2,203 | | Securities borrowed and purchased under agreements to resell | | | 2,283 | | 6,872 | | 5,492 | | Investments, including dividends | | | 7,989 | | 9,860 | | 9,494 | | Trading account assets(1) | | | 6,125 | | 7,672 | | 6,284 | | Other interest-bearing assets | | | 579 | | 1,673 | | 1,673 | | Total interest revenue | | | $ | 58,089 | | $ | 76,510 | | $ | 70,828 | | Interest expense | | | | | | Deposits(2) | | | $ | 6,537 | | $ | 12,633 | | $ | 9,616 | | Securities loaned and sold under agreements to repurchase | | | 2,077 | | 6,263 | | 4,889 | | Trading account liabilities(1) | | | 628 | | 1,308 | | 1,001 | | Short-term borrowings and other interest-bearing liabilities | | | 630 | | 2,465 | | 2,209 | | Long-term debt | | | 4,669 | | 6,494 | | 6,551 | | Total interest expense | | | $ | 14,541 | | $ | 29,163 | | $ | 24,266 | | Net interest revenue | | | $ | 43,548 | | $ | 47,347 | | $ | 46,562 | | Provision for credit losses on loans | | | 15,922 | | 8,218 | | 7,354 | | Net interest revenue after provision for credit losses on loans | | | $ | 27,626 | | $ | 39,129 | | $ | 39,208 | |
(1)Interest expense on Trading account liabilities of ICG is reported as a reduction of Interest revenue. Interest revenue and Interest expense on cash collateral positions are reported in interest on Trading account assets and Trading account liabilities, respectively. (2)Includes deposit insurance fees and charges of $1,203 million, $781 million and $1,182 million for 2020, 2019 and 2018, respectively.
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