CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Loans		$ 515	$ 471	$ 1,016	$ 935
Securities		223	194	423	401
Trading securities		91	65	186	113
Short-term investments		26	20	48	36
Other		14	12	29	22
Total interest income		869	762	1,702	1,507
Interest expense:
Deposits		54	36	100	71
Short-term borrowings		11	10	22	16
Long-term debt		173	152	340	322
Other		5	(109)	8	(94)
Total interest expense		243	89	470	315
Net interest income	[1]	626	673	1,232	1,192
Provision for credit losses		(6)	85	47	101
Net interest income after provision for credit losses		632	588	1,185	1,091
Other revenues:
Credit card fees		11	13	21	27
Other fees and commissions		190	182	372	355
Trust income		46	32	81	63
Trading revenue		24	15	57	148
Net other-than-temporary impairment losses	[2]	0	(5)	0	(7)
Other securities gains (losses), net		35	(7)	58	15
Servicing and other fees from HSBC affiliates		53	51	109	98
Residential mortgage banking revenue		15	22	34	70
Gain (loss) on instruments designated at fair value and related derivatives		56	(44)	141	(16)
Other income		(27)	2	(6)	8
Total other revenues		403	261	867	761
Operating expenses:
Salaries and employee benefits		267	223	513	438
Support services from HSBC affiliates		385	385	737	739
Occupancy expense, net		59	52	115	109
Other expenses		139	216	262	340
Total operating expenses	[3]	850	876	1,627	1,626
Income (loss) before income tax		185	(27)	425	226
Income tax expense (benefit)		98	(206)	174	(57)
Net income		$ 87	$ 179	$ 251	$ 283

[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 Balance Sheet Management and more appropriately reflect the profitability of segments.

[2] During the three and six months ended June 30, 2015, there were no other-than-temporary impairment ("OTTI") losses on securities recognized in other revenues and no OTTI losses in the non-credit component of securities recognized in accumulated other comprehensive income (loss) ("AOCI"), net of tax. During the three and six months ended June 30, 2014, OTTI losses on securities held-to-maturity totaling $5 million and $7 million, respectively, were recognized in other revenues. There were no OTTI losses in the non-credit component of such impaired securities recognized in AOCI, net of tax.

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