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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Long-term Debt, Unclassified [Abstract]  
Schedule of long-term debt instruments
The composition of long-term debt is presented in the following table. Interest rates on floating rate notes are determined periodically by formulas based on certain money market rates or, in certain instances, by minimum interest rates as specified in the agreements governing the issues. Interest rates and maturity dates in effect at December 31, 2016 are shown in the below table.
 
 
 
 
At December 31,
 
Maturity Date
Range
Interest Rate
Range
Interest Rate
Weighted
Average
2016
 
2015
 
 
 
 
(in millions)
Issued or acquired by HSBC USA:
 
 
 
 
 
 
Senior debt:
 
 
 
 
 
 
Fixed-rate notes
2017-2024
1.30% - 3.50%
2.20%
$
11,423

 
$
11,412

Floating-rate notes
2017-2019
1.24% - 1.88%
1.48%
1,748

 
2,747

Structured notes
2017-2045
.85% - 3.29%
1.75%
7,849

 
7,071

Total senior debt
 
 
 
21,020

 
21,230

Subordinated debt:
 
 
 
 
 
 
Fixed-rate notes
2020-2097
5.00% - 9.30%
6.15%
1,171

 
1,170

Floating-rate notes
2025
3.13%
3.13%
850

 
850

Total subordinated debt
 
 
 
2,021

 
2,020

Mark-to-market adjustment on fair value option debt
 
 
 
337

 
(62
)
Total issued or acquired by HSBC USA
 
 
 
23,378

 
23,188

Issued or acquired by HSBC Bank USA and its subsidiaries:
 
 
 
 
 
 
Senior debt:
 
 
 
 
 
 
Floating-rate notes
2019-2036
.74% - 2.62%
2.37%
4,031

 
6

Structured notes
2017-2040
.92% - 2.35%
1.25%
218

 
262

FHLB advances - floating-rate
2017-2036
1.06% - 1.51%
1.28%
5,700

 
5,600

Total senior debt
 
 
 
9,949

 
5,868

Subordinated fixed-rate notes
2017-2039
4.88% - 7.00%
5.86%
4,103

 
4,201

Long term debt issued by VIE - fixed-rate
2018
17.20%
17.20%
79

 
92

Mark-to-market adjustment on fair value option debt
 
 
 
230

 
160

Total issued or acquired by HSBC Bank USA and its subsidiaries
 
 
 
14,361

 
10,321

Total long-term debt
 
 
 
$
37,739

 
$
33,509

Maturities of long-term debt
Maturities of long-term debt at December 31, 2016 were as follows:
  
(in millions)
2017
$
4,870

2018
9,436

2019
4,569

2020
6,353

2021
3,448

Thereafter
9,063

Total
$
37,739