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Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Summary of Related Party Transactions The following tables present related party balances and the income (expense) generated by related party transactions:
March 31, 2022December 31, 2021
 (in millions)
Assets:
Cash and due from banks$246 $300 
Interest bearing deposits with banks33 59 
Securities purchased under agreements to resell(1)
526 594 
Trading assets278 119 
Loans3,438 2,793 
Other(2)
350 401 
Total assets$4,871 $4,266 
Liabilities:
Deposits$11,420 $9,137 
Trading liabilities(3)
1,366 130 
Short-term borrowings502 309 
Long-term debt5,511 5,511 
Other(2)
262 277 
Total liabilities$19,061 $15,364 
(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 March 31, 2022 primarily reflects an increase in borrowing of gold inventory from HSBC Bank plc to support client activity levels
Three Months Ended March 31,20222021
 (in millions)
Income (Expense):
Interest income$6 $7 
Interest expense(52)(73)
Net interest expense(46)(66)
Trading revenue1,275 131 
Servicing and other fees from HSBC affiliates:
HSBC Bank plc60 48 
HSBC Markets (USA) Inc. ("HMUS")25 22 
Other HSBC affiliates16 13 
Total servicing and other fees from HSBC affiliates101 83 
Gain (loss) on instruments designated at fair value and related derivatives(396)468 
Support services from HSBC affiliates:
HTSU(260)(244)
HMUS(37)(28)
Other HSBC affiliates(121)(95)
Total support services from HSBC affiliates(418)(367)
Rental income from HSBC affiliates, net(1)
10 13 
Stock based compensation expense(2)
(4)(6)
(1)We receive rental income from our affiliates, and in some cases pay rental expense to our affiliates, for certain office space. Net rental income from our affiliates is recorded as a component of occupancy expense, net in our consolidated statement of income.
(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. 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 22, "Pension and Other Postretirement Benefits," in our 2021 Form 10-K.
Schedule of Loan Balances Outstanding with Affiliates
At March 31, 2022 and December 31, 2021, we had the following loan balances outstanding with HSBC affiliates:
March 31, 2022December 31, 2021
 (in millions)
HMUS and subsidiaries$2,413 $1,576 
HSBC North America
1,000 1,000 
Other short-term affiliate lending25 217 
Total loans$3,438 $2,793