Federal funds sold and securities purchased under agreements to resell and Securities borrowed
330
175
605
325
Other
479
346
934
680
Total Interest income
$
1,957
$
1,747
$
3,811
$
3,483
Interest expense(1):
Deposits
$
60
$
78
$
126
$
160
Commercial paper and other short-term borrowings
11
3
18
6
Long-term debt
1,292
1,154
2,604
2,233
Securities sold under agreements to repurchase and Securities loaned
682
423
1,155
708
Other
(16
)
(52
)
(21
)
(133
)
Total Interest expense
$
2,029
$
1,606
$
3,882
$
2,974
Net interest
$
(72
)
$
141
$
(71
)
$
509
(1)
Interest income and expense are recorded within the condensed consolidated statements of income depending on the nature of the instrument and related market conventions. When interest is included as a component of the instrument's fair value, interest is included within Principal transactions—Trading revenues or Principal transactions—Investments revenues. Otherwise, it is included within Interest income or Interest expense.
(2)
Interest expense on Financial instruments sold, not yet purchased is reported as a reduction to Interest income.