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