Goldman Sachs 2013 Annual Report Download - page 224

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Supplemental Financial Information
Changes in Net Interest Income, Volume and Rate
Analysis
The table below presents an analysis of the effect on net
interest income of volume and rate changes. In this analysis,
changes due to volume/rate variance have been allocated
to volume.
For the Year Ended
December 2013 versus December 2012 December 2012 versus December 2011
Increase (decrease) due
to change in:
Increase (decrease) due
to change in:
in millions Volume Rate
Net
change Volume Rate Net
change
Interest-earning assets
Deposits with banks $ 29 $ 1 $ 30 $ 32 $ (1) $ 31
U.S. 23 12 35 45 (8) 37
Non-U.S. 6 (11) (5) (13) 7 (6)
Securities borrowed, securities purchased under agreements to resell
and federal funds sold (41) 161 120 83 (826) (743)
U.S. (11) 153 142 63 (245) (182)
Non-U.S. (30) 8 (22) 20 (581) (561)
Financial instruments owned, at fair value (490) (1,168) (1,658) 689 (1,590) (901)
U.S. (245) (950) (1,195) 225 (1,154) (929)
Non-U.S. (245) (218) (463) 464 (436) 28
Other interest-earning assets 135 52 187 (74) (106) (180)
U.S. 17 73 90 (97) 156 59
Non-U.S. 118 (21) 97 23 (262) (239)
Change in interest income (367) (954) (1,321) 730 (2,523) (1,793)
Interest-bearing liabilities
Interest-bearing deposits $ 75 $ (87) $ (12) $ 118 $ 1 $ 119
U.S. 70 (80) (10) 115 4 119
Non-U.S. 5 (7) (2) 3 (3) –
Securities loaned and securities sold under agreements to repurchase 26 (272) (246) (6) (77) (83)
U.S. (13) (125) (138) 34 66 100
Non-U.S. 39 (147) (108) (40) (143) (183)
Financial instruments sold, but not yet purchased, at fair value (20) (364) (384) (127) 101 (26)
U.S. (62) (119) (181) (219) 87 (132)
Non-U.S. 42 (245) (203) 92 14 106
Short-term borrowings (67) (120) (187) (54) 109 55
U.S. (64) (50) (114) (31) 79 48
Non-U.S. (3) (70) (73) (23) 30 7
Long-term borrowings (53) 69 16 (200) 497 297
U.S. (44) 97 53 (186) 533 347
Non-U.S. (9) (28) (37) (14) (36) (50)
Other interest-bearing liabilities 57 (77) (20) 10 (853) (843)
U.S. 38 46 84 (7) (446) (453)
Non-U.S. 19 (123) (104) 17 (407) (390)
Change in interest expense 18 (851) (833) (259) (222) (481)
Change in net interest income $(385) $ (103) $ (488) $ 989 $(2,301) $(1,312)
222 Goldman Sachs 2013 Annual Report