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Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2014
Related Party Transactions [Abstract]  
Summary of Related Party Transactions
The following tables and discussions below present the more significant related party balances and the income (expense) generated by related party transactions:
 
March 31, 2014
 
December 31, 2013
 
(in millions)
Assets:
 
 
 
Cash and due from banks
$
106

 
$
102

Interest bearing deposits with banks (1)
921

 
631

Trading assets (2)
15,995

 
17,082

Loans
5,277

 
5,328

Other (3)
1,050

 
1,219

Total assets
$
23,349

 
$
24,362

Liabilities:
 
 
 
Deposits
$
13,518

 
$
16,936

Trading liabilities (2)
17,833

 
19,463

Short-term borrowings
1,712

 
1,514

Long-term debt
3,988

 
3,987

Other (3)
617

 
573

Total liabilities
$
37,668

 
$
42,473

 
(1) 
Includes interest bearing deposits with HSBC Mexico S.A. of $800 million and $500 million at March 31, 2014 and December 31, 2013, respectively.
(2) 
Trading assets and trading liabilities do not reflect the impact of netting which allows the offsetting of amounts relating to certain contracts if certain conditions are met. Trading assets and liabilities primarily consist of derivatives contracts.
(3) 
Other assets and other liabilities primarily consist of derivative contracts.
Three Months Ended March 31,
2014
 
2013
 
(in millions)
Income/(Expense):
 
 
 
Interest income
$
37

 
$
22

Interest expense
(18
)
 
(20
)
Net interest income
$
19

 
$
2

Servicing and other fees from HSBC affiliate:
 
 
 
Fees and commissions:
 
 
 
HSBC Finance Corporation
$
15

 
$
21

HSBC Markets (USA) Inc. ("HMUS")
4

 
5

Other HSBC affiliates
19

 
16

Other HSBC affiliates income
9

 
12

Total affiliate income
$
47

 
$
54

Support services from HSBC affiliates:
 
 
 
HSBC Finance Corporation
$
(3
)
 
$
(4
)
HMUS
(53
)
 
(52
)
HSBC Technology & Services (USA) ("HTSU")
(253
)
 
(233
)
Other HSBC affiliates
(45
)
 
(35
)
Total support services from HSBC affiliates
$
(354
)
 
$
(324
)
Stock based compensation expense with HSBC (1)
$
(7
)
 
$
(9
)

 
(1)
Employees may participate in one or more stock compensation plans sponsored by HSBC. These expenses are included in Salaries and employee benefits in our consolidated statement of income. Employees also may participate in a defined benefit pension plan and other postretirement plans sponsored by HSBC North America which are discussed in Note 12, "Pension and Other Postretirement Benefits."
Schedule of Assets by Related Party
At March 31, 2014 and December 31, 2013, we have the following loan balances outstanding with HSBC affiliates:
 
March 31, 2014
 
December 31, 2013
 
(in millions)
HSBC Finance Corporation
$
3,015

 
$
3,015

HSBC Markets (USA) Inc. ("HMUS") and subsidiaries
931

 
199

HSBC Bank Brasil S.A.
1,000

 
1,000

Other short-term affiliate lending
331

 
1,114

Total assets
$
5,277

 
$
5,328