CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans		$ 539	$ 483	$ 1,555	$ 1,418
Securities		234	182	657	583
Trading securities		75	63	261	176
Short-term investments		30	22	78	58
Other		15	9	44	31
Total interest income		893	759	2,595	2,266
Interest expense:
Deposits		77	37	177	108
Short-term borrowings		13	11	35	27
Long-term debt		184	165	524	487
Other		2	3	10	(91)
Total interest expense		276	216	746	531
Net interest income	[1]	617	543	1,849	1,735
Provision for credit losses		47	23	94	124
Net interest income after provision for credit losses		570	520	1,755	1,611
Other revenues:
Credit card fees		11	13	32	40
Trust and investment management fees		46	35	127	98
Other fees and commissions		188	186	560	541
Trading revenue (expense)		(34)	(9)	23	139
Net other-than-temporary impairment losses	[2]	0	(4)	0	(11)
Other securities gains, net		11	27	69	42
Servicing and other fees from HSBC affiliates		53	53	162	151
Residential mortgage banking revenue		16	17	50	87
Gain on instruments designated at fair value and related derivatives		165	36	306	20
Other income		75	32	69	40
Total other revenues		531	386	1,398	1,147
Operating expenses:
Salaries and employee benefits		254	226	767	664
Support services from HSBC affiliates		361	388	1,098	1,127
Occupancy expense, net		57	59	172	168
Other expenses		114	261	376	601
Total operating expenses	[3]	786	934	2,413	2,560
Income (loss) before income tax		315	(28)	740	198
Income tax expense (benefit)		111	(29)	285	(86)
Net income		$ 204	$ 1	$ 455	$ 284

[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 nine months ended September 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 nine months ended September 30, 2014, OTTI losses on securities held-to-maturity totaling $4 million and $11 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.