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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Summary of Related Party Transactions
The following table presents related party balances and the income and expense generated by related party transactions:
 
June 30, 2013
 
December 31, 2012
 
(in millions)
Assets:
 
 
 
Cash and due from banks
$
173

 
$
114

Interest bearing deposits with banks
923

 
714

Securities purchased under agreements to resell
—

 
—

Trading assets(1)
18,533

 
21,370

Loans
6,967

 
4,514

Other
945

 
858

Total assets
$
27,541

 
$
27,570

Liabilities:
 
 
 
Deposits
$
14,333

 
$
13,863

Trading liabilities(1)
21,374

 
23,910

Short-term borrowings
3,513

 
2,721

Long-term debt
3,991

 
3,990

Other
631

 
459

Total liabilities
$
43,842

 
$
44,943

 
(1) 
Trading assets and liabilities exclude the impact of netting which allows the offsetting of amounts relating to certain contracts if certain conditions are met.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
(in millions)
Income/(Expense):
 
 
 
 
 
 
 
Interest income
$
83

 
$
14

 
$
105

 
$
27

Interest expense
(19
)
 
(23
)
 
(39
)
 
(47
)
Net interest income (loss)
$
64

 
$
(9
)
 
$
66

 
$
(20
)
Servicing and other fees from HSBC affiliate:
 
 
 
 
 
 
 
Fees and commissions:
 
 
 
 
 
 
 
HSBC Finance
$
26

 
$
17

 
$
47

 
$
30

HSBC Markets (USA) Inc. (“HMUS”)
4

 
5

 
9

 
10

Other HSBC affiliates
14

 
14

 
30

 
42

Other HSBC affiliates income
15

 
10

 
27

 
20

Total affiliate income
$
59

 
$
46

 
$
113

 
$
102

Residential mortgage banking revenue
$
—

 
$
1

 
$
—

 
$
3

Support services from HSBC affiliates:
 
 
 
 
 
 
 
HSBC Finance
$
(5
)
 
$
(7
)
 
$
(9
)
 
$
(17
)
HMUS
(54
)
 
(79
)
 
(106
)
 
(161
)
HSBC Technology & Services (USA) (“HTSU”)
(242
)
 
(240
)
 
(475
)
 
(474
)
Other HSBC affiliates
(61
)
 
(60
)
 
(96
)
 
(119
)
Total support services from HSBC affiliates
$
(362
)
 
$
(386
)
 
$
(686
)
 
$
(771
)
Stock based compensation expense with HSBC
$
(13
)
 
$
(8
)
 
$
(22
)
 
$
(20
)
Information Regarding Loans
Information regarding these loans is summarized in the table below.
 
Private Label
 
Credit Card
 
 
  
Cards
 
Commercial and
Closed
End Loans
 
General
Motors
 
Union
Privilege
 
Other
 
Total
 
(in billions)
Total loans purchased on a daily basis from HSBC Finance during:
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012
1.1

 
—

 
.9

 
.3

 
.2

 
2.5

Six Months Ended June 30, 2012
4.4

 
—

 
3.9

 
1.0

 
.6

 
9.9