CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2016		Sep. 30, 2015	Sep. 30, 2016		Sep. 30, 2015
Interest income:
Loans		$ 568		$ 539	$ 1,709		$ 1,555
Securities		234		234	721		657
Trading securities		52		75	197		261
Short-term investments		100		30	268		78
Other		12		15	31		44
Total interest income		966		893	2,926		2,595
Interest expense:
Deposits		122		77	344		177
Short-term borrowings		22		13	61		35
Long-term debt		213		184	613		524
Other		5		2	12		10
Total interest expense		362		276	1,030		746
Net interest income	[1]	604		617	1,896		1,849
Provision for credit losses		62	[2]	47	353	[2]	94
Net interest income after provision for credit losses		542		570	1,543		1,755
Other revenues:
Credit card fees		12		11	39		32
Trust and investment management fees		40		46	118		127
Other fees and commissions		215		188	557		560
Trading revenue (expense)		120		(34)	185		23
Other securities gains, net		16		11	81		69
Servicing and other fees from HSBC affiliates		50		53	155		162
Residential mortgage banking revenue (expense)		(3)		16	24		50
Gain (loss) on instruments designated at fair value and related derivatives		(88)		165	90		306
Other income (loss)		(42)		75	(174)		69
Total other revenues		320		531	1,075		1,398
Operating expenses:
Salaries and employee benefits		235		254	718		767
Support services from HSBC affiliates		354		361	1,029		1,098
Occupancy expense, net		57		57	173		172
Other expenses		157		114	432		376
Total operating expenses	[3]	803		786	2,352		2,413
Income before income tax		59		315	266		740
Income tax expense		26		111	100		285
Net income		$ 33		$ 204	$ 166		$ 455

[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] The provision for credit losses and charge-offs for residential mortgage loans during both the three and nine months ended September 30, 2016 includes $11 million related to the lower of amortized cost or fair value adjustment attributable to credit factors for loans transferred to held for sale. See Note 6, "Loans Held for Sale," for additional information.

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