v2.4.0.6
Interest Income and Interest Expense (Tables)
 6 Months Ended
Jun. 30, 2012
Interest Income And Interest Expense  
Schedule Of Details Of Interest Income And Interest Expense
    Three Months Ended Six Months Ended
    June 30, June 30,
    2012 2011 2012 2011
           
    (dollars in millions)
Interest income(1):        
 Financial instruments owned(2) $ 662$ 926$ 1,453$ 1,845
 Securities available for sale   76  96  162  191
 Loans   139  83  257  159
 Interest bearing deposits with banks   24  43  51  77
 Federal funds sold and securities purchased under agreements        
   to resell and Securities borrowed  46  330  159  605
 Other  376  483  783  943
Total Interest income $ 1,323$ 1,961$ 2,865$ 3,820
           
Interest expense(1):        
 Deposits $ 45$ 60$ 90$ 126
 Commercial paper and other short-term borrowings   11  11  24  18
 Long-term debt   1,087  1,292  2,341  2,604
 Securities sold under agreements to repurchase         
  and Securities loaned   529  682  992  1,155
 Other   (188)  (16)  (362)  (21)
Total Interest expense $ 1,484$ 2,029$ 3,085$ 3,882
Net interest $ (161)$ (68)$ (220)$ (62)

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(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 on Financial instruments owned.