Interest Income and Interest Expense (Tables)

6 Months Ended

Jun. 30, 2013

Interest Income and Interest Expense [Abstract]

Interest Income and Interest Expense

	Three Months Ended June					Six Months Ended June
in millions		2013		2012			2013		2012
Interest income
Deposits with banks		$     50		$     35			$     98		$     73
Securities borrowed, securities purchased under agreements to resell and federal funds sold  1		14		39			(10	)	25
Financial instruments owned, at fair value		2,192		2,568			4,430		5,010
Other interest 2		407		413			753		780
Total interest income		2,663		3,055			5,271		5,888
Interest expense
Deposits		101		95			194		186
Securities loaned and securities sold under agreements to repurchase		146		216			310		427
Financial instruments sold, but not yet purchased, at fair value		599		664			1,110		1,189
Short-term borrowings 3		115		152			221		320
Long-term borrowings 3		972		891			1,882		1,900
Other interest 4		(96	)	(53	)		(197	)	(205	)
Total interest expense		1,837		1,965			3,520		3,817
Net interest income		$   826		$1,090			$1,751		$2,071

1. Includes rebates paid and interest income on securities borrowed.

2. Includes interest income on customer debit balances and other interest-earning assets.

3. Includes interest on unsecured borrowings and other secured financings.

4. Includes rebates received on other interest-bearing liabilities and interest expense on customer credit balances.