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Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Summary of Related Party Transactions The following tables and discussions below present the more significant related party balances and the income (expense) generated by related party transactions:
At December 31,20202019
 (in millions)
Assets:
Cash and due from banks$516 $850 
Interest bearing deposits with banks187 40 
Securities purchased under agreements to resell(1)
3,941 4,600 
Trading assets314 79 
Loans1,100 2,343 
Other(2)
319 456 
Total assets$6,377 $8,368 
Liabilities:
Deposits$15,163 $9,000 
Trading liabilities(3)
2,375 293 
Short-term borrowings270 1,166 
Long-term debt2,878 7,848 
Other(2)
268 931 
Total liabilities$20,954 $19,238 
(1)Reflects purchases of securities under which other HSBC affiliates have agreed to repurchase.
(2)Other assets and other liabilities primarily consist of derivative balances associated with hedging activities and other miscellaneous account receivables and payables.
(3)The increase in trading liabilities at December 31, 2020 primarily reflects an increase in borrowing of gold inventory from HSBC Bank plc to support client activity levels.
Year Ended December 31,202020192018
 (in millions)
Income (Expense):
Interest income$55 $168 $107 
Interest expense(354)(538)(367)
Net interest expense(299)(370)(260)
Trading revenue (expense)(93)(2,669)1,370 
Servicing and other fees from HSBC affiliates:
HSBC Bank plc186 171 176 
HSBC Markets (USA) Inc. ("HMUS")107 111 112 
Other HSBC affiliates54 72 68 
Total servicing and other fees from HSBC affiliates347 354 356 
Gain (loss) on instruments designated at fair value and related derivatives699 1,986 (1,052)
Support services from HSBC affiliates:
HTSU(1,066)(1,153)(1,198)
HMUS(89)(100)(105)
Other HSBC affiliates(396)(385)(300)
Total support services from HSBC affiliates(1,551)(1,638)(1,603)
Rental income from HSBC affiliates, net(1)
44 55 48 
Stock based compensation expense(2)
(22)(25)(25)
(1)We receive rental income from our affiliates, and in some cases pay rental expense to our affiliates, for rent on certain office space. Net rental income from our affiliates is recorded as a component of occupancy expense, net in our consolidated statement of income (loss).
(2)Employees may participate in one or more stock compensation plans sponsored by HSBC. These expenses are included in salaries and employee benefits in our consolidated statement of income (loss). Certain employees are also eligible to participate in a defined benefit pension plan and other postretirement plans sponsored by HSBC North America which are discussed in Note 21, "Pension and Other Postretirement Benefits."
Schedule of Assets by Related Party
At December 31, 2020 and 2019, we had the following loan balances outstanding with HSBC affiliates:
At December 31,20202019
 (in millions)
HMUS and subsidiaries$1,088 $2,296 
Other short-term affiliate lending12 47 
Total loans$1,100 $2,343