CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Interest income:
Loans	$ 464		$ 464
Securities	207		228
Trading assets	48		24
Short-term investments	16		14
Other	10		10
Total interest income	745		740
Interest expense:
Deposits	35		43
Short-term borrowings	9		9
Long-term debt	170		167
Other	12		16
Total interest expense	226		235
Net interest income	519	[1]	505	[1]
Provision (credit) for credit losses	16	[2]	21	[2]
Net interest income after provision for credit losses	503		484
Other revenues:
Credit card fees	14		13
Other fees and commissions	173		170
Trust income	31		32
Trading revenue	133		164
Net other-than-temporary impairment losses(1)	2	[3]	0	[3]
Other securities gains, net	22		131
Servicing and other fees from HSBC affiliates	47		54
Residential mortgage banking revenue	48		46
Gain (loss) on instruments designated at fair value and related derivatives	28		(27)
Other income	6		9
Total other revenues	500		592
Operating expenses:
Salaries and employee benefits	215		252
Support services from HSBC affiliates	354		324
Occupancy expense, net	57		59
Other expenses	124		133
Total operating expenses	750	[4]	768	[4]
Income before income tax expense	253		308
Income tax expense	149		125
Net income	$ 104		$ 183

[1] Net interest income of each segment represents the difference between actual interest earned on assets and interest paid on liabilities of the segment adjusted for a funding charge or credit. Segments are charged a cost to fund assets (e.g. customer loans) and receive a funding credit for funds provided (e.g. customer deposits) based on equivalent market rates. The objective of these charges/credits is to transfer interest rate risk from the segments to one centralized unit in Treasury and more appropriately reflect the profitability of segments.

[2] The provision assigned to the segments is based on the segments' net charge offs and the change in allowance for credit losses.

[3] During the three months ended March 31, 2014, other-than-temporary impairment ("OTTI") losses on securities held-to-maturity totaling $2 million was recognized in other revenues. There were no losses in the non-credit component of such impaired securities reflected in accumulated other comprehensive income ("AOCI"), net of tax. During the three months ended March 31, 2013, there were no OTTI losses on securities recognized in other revenues and no OTTI loss on securities were recognized in the non-credit component in AOCI, net of tax.

[4] Expenses for the segments include fully apportioned corporate overhead expenses.