BALANCE SHEET HSBC BANK USA (USD $) In Millions, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Assets:
Cash and due from banks	$ 891		$ 961
Interest bearing deposits with banks	30,807		19,614
Federal funds sold and securities purchased under agreements to resell	1,413		2,119
Trading assets	21,092		28,894
Securities available-for-sale	30,140		54,906
Securities held-to-maturity (fair value of $13.7 billion and $1.5 billion at December 31, 2014 and 2013, respectively)	13,469		1,358
Loans	77,741		67,695
Less – allowance for credit losses	680		606
Loans, net	77,061		67,089
Loans held for sale (includes $152 million and $58 million designated under fair value option at December 31, 2014 and 2013, respectively)	612		230
Properties and equipment, net	247		269
Intangible assets, net	206		295
Goodwill	1,612		1,612
Other assets	7,989		8,140
Total assets	185,539	[1]	185,487	[1]
Deposits in domestic offices:
Noninterest bearing	29,715		29,707
Interest bearing (includes $7.3 billion and $7.7 billion designated under fair value option at December 31, 2014 and 2013, respectively)	71,191		62,903
Deposits in foreign offices:
Noninterest bearing	850		1,364
Interest bearing	14,362		18,634
Total deposits	116,118		112,608
Short-term borrowings	12,795		19,135
Long-term debt (includes $2.4 billion and $2.2 billion designated under fair value option at December 31, 2014 and 2013, respectively	27,524		22,847
Total debt	156,437		154,590
Trading liabilities	8,164		10,875
Interest, taxes and other liabilities	3,971		3,558
Total liabilities	168,572	[1]	169,023	[1]
Shareholders’ equity
Preferred stock	1,565		1,565
Common shareholder’s equity:
Common stock ($100 par; 50,000 shares authorized; 20,016 shares issued and outstanding at December 31, 2014 and 2013, respectively)	0		0
Additional paid-in capital	14,170		14,106
Retained earnings	1,233		952
Accumulated other comprehensive loss	(1)		(159)
Total common shareholder’s equity	15,402		14,899
Total shareholders’ equity	16,967		16,464
Total liabilities and shareholders’ equity	185,539		185,487
HSBC Bank USA [Member]
Assets:
Cash and due from banks	890		953
Interest bearing deposits with banks	29,957		19,062
Federal funds sold and securities purchased under agreements to resell	1,413		2,119
Trading assets	21,084		29,172
Securities available-for-sale	29,642		54,402
Securities held-to-maturity (fair value of $13.7 billion and $1.5 billion at December 31, 2014 and 2013, respectively)	13,465		1,354
Loans	72,991		63,387
Less – allowance for credit losses	680		606
Loans, net	72,311		62,781
Loans held for sale (includes $152 million and $58 million designated under fair value option at December 31, 2014 and 2013, respectively)	612		230
Properties and equipment, net	247		268
Intangible assets, net	206		295
Goodwill	1,612		1,612
Other assets	7,204		7,492
Total assets	178,643	[2]	179,740	[2]
Deposits in domestic offices:
Noninterest bearing	37,734		36,283
Interest bearing (includes $7.3 billion and $7.7 billion designated under fair value option at December 31, 2014 and 2013, respectively)	79,542		66,718
Deposits in foreign offices:
Noninterest bearing	850		1,364
Interest bearing	14,362		18,634
Total deposits	132,488		122,999
Short-term borrowings	8,023		15,756
Long-term debt (includes $2.4 billion and $2.2 billion designated under fair value option at December 31, 2014 and 2013, respectively	6,895		7,698
Total debt	147,406		146,453
Trading liabilities	8,163		11,713
Interest, taxes and other liabilities	4,099		3,365
Total liabilities	159,668		161,531
Shareholders’ equity
Preferred stock	0		0
Common shareholder’s equity:
Common stock ($100 par; 50,000 shares authorized; 20,016 shares issued and outstanding at December 31, 2014 and 2013, respectively)	2		2
Additional paid-in capital	16,108		16,045
Retained earnings	2,868		2,311
Accumulated other comprehensive loss	(3)		(149)
Total common shareholder’s equity	18,975		18,209
Total shareholders’ equity	18,975		18,209
Total liabilities and shareholders’ equity	$ 178,643		$ 179,740

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") as of December 31, 2014 and December 31, 2013 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 25, "Variable Interest Entities," for additional information. Assets: Interest bearing deposits with banks, $0 million and $5 million, Securities held-to-maturity, $0 million and $200 million Other assets $380 million and $502 million. Total assets $380 million and $707 million respectively. Liabilities: Long-term debt $92 million and $92 million, Interest, taxes and other liabilities $75 million and $93 million. Total liabilities $167 million and $185 million, respectively.

[2] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") as of December 31, 2014 and 2013 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation.At December 31,2014 2013 (in millions)Assets Interest bearing deposits with banks$— $5Securities held-to-maturity— 200Other assets380 502Total assets$380 $707Liabilities Long-term debt$92 $92Interest, taxes and other liabilities75 93Total liabilities$167 $185