XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Income (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Loans $ 463 $ 449
Securities 305 319
Trading assets 33 51
Short-term investments 26 31
Other 11 12
Total interest income 838 862
Interest expense:    
Deposits 76 67
Short-term borrowings 9 13
Long-term debt 154 151
Other 12 1
Total interest expense 251 232
Net interest income 587 630
Provision for credit losses   (2)
Net interest income after provision for credit losses 587 632
Other revenues:    
Credit card fees 30 32
Other fees and commissions 194 200
Trust income 25 28
Trading revenue 198 224
Other securities gains, net 30 44
Servicing and other fees from HSBC affiliates 56 46
Residential mortgage banking revenue (loss) 25 (35)
Gain (loss) on instruments designated at fair value and related derivatives (212) 21
Other income 21 31
Total other revenues 367 591
Operating expenses:    
Salaries and employee benefits 280 293
Support services from HSBC affiliates 368 316
Occupancy expense, net 59 68
Other expenses 149 254
Total operating expenses 856 931
Income from continuing operations before income tax expense 98 292
Income tax expense (benefit) 18 (13)
Income from continuing operations 80 305
Discontinued Operations (Note 2):    
Income from discontinued operations before income tax expense 241 268
Income tax expense 86 94
Income from discontinued operations 155 174
Net income $ 235 $ 479