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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Loans $ 456 $ 441 $ 919 $ 890
Securities 280 304 585 623
Trading assets 26 53 59 104
Short-term investments 33 38 59 69
Other 10 10 21 22
Total interest income 805 846 1,643 1,708
Interest expense:        
Deposits 85 65 161 132
Short-term borrowings 6 8 15 21
Long-term debt 178 147 332 298
Other 1 83 13 84
Total interest expense 270 303 521 535
Net interest income 535 543 1,122 1,173
Provision for credit losses 89 95 89 93
Net interest income after provision for credit losses 446 448 1,033 1,080
Other revenues:        
Credit card fees 22 32 52 64
Other fees and commissions 169 183 363 383
Trust income 25 29 50 57
Trading revenue 84 126 282 350
Other securities gains, net 65 12 95 56
Servicing and other fees from HSBC affiliates 46 56 102 102
Residential mortgage banking revenue 2 49 27 14
Gain (loss) on instruments designated at fair value and related derivatives 141 40 (71) 61
Gain on sale of branches 330   330  
Other income (loss) (21) 5   36
Total other revenues 863 532 1,230 1,123
Operating expenses:        
Salaries and employee benefits 246 293 526 586
Support services from HSBC affiliates 370 364 738 680
Occupancy expense, net 57 68 116 136
Expense accrual related to certain regulatory matters 700   700  
Other expenses 178 165 327 419
Total operating expenses 1,551 890 2,407 1,821
Income (loss) from continuing operations before income tax expense (242) 90 (144) 382
Income tax expense 351 134 369 121
Income (loss) from continuing operations (593) (44) (513) 261
Discontinued Operations (Note 2):        
Income from discontinued operations before income tax expense 74 196 315 464
Income tax expense 26 70 112 164
Income from discontinued operations 48 126 203 300
Net income (loss) $ (545) $ 82 $ (310) $ 561