Morgan Stanley 2014 Annual Report Download - page 307

FINANCIAL DATA SUPPLEMENT (Unaudited)—(Continued)
Average Balances and Interest Rates and Net Interest Income
2012
Average
Weekly
Balance Interest
Average
Rate
(dollars in millions)
Assets
Interest earning assets:
Trading assets(1):
U.S. ............................................................... $133,615 $ 2,247 1.7%
Non-U.S. ........................................................... 82,019 $ 489 0.6
Investment securities:
U.S. ............................................................... 35,141 $ 343 1.0
Loans:
U.S. ............................................................... 20,996 $ 597 2.8
Non-U.S. ........................................................... 363 $ 46 12.7
Interest bearing deposits with banks:
U.S. ............................................................... 25,905 $ 58 0.2
Non-U.S. ........................................................... 10,612 $ 66 0.6
Securities purchased under agreements to resell and Securities borrowed(2):
U.S. ............................................................... 189,186 $ (315) (0.2)
Non-U.S. ........................................................... 91,851 $ 679 0.7
Customer receivables and Other(3):
U.S. ............................................................... 54,651 $ 471 0.9
Non-U.S. ........................................................... 15,404 $ 1,011 6.6
Total .......................................................... $659,743 $ 5,692 0.9%
Non-interest earning assets ..................................................... 122,428
Total assets .................................................... $782,171
Liabilities and Equity
Interest bearing liabilities:
Deposits:
U.S. ............................................................... $ 69,265 $ 181 0.3%
Non-U.S. ........................................................... 165 $ — —
Commercial paper and other short-term borrowings(4):
U.S. ............................................................... 557 $ 5 0.9
Non-U.S. ........................................................... 1,383 $ 33 2.4
Long-term borrowings(4):
U.S. ............................................................... 163,961 $ 4,544 2.8
Non-U.S. ........................................................... 7,552 $ 78 1.0
Trading liabilities(1):
U.S. ............................................................... 38,125 $ — —
Non-U.S. ........................................................... 51,834 $ — —
Securities sold under agreements to repurchase and Securities loaned(5):
U.S. ............................................................... 101,210 $ 522 0.5
Non-U.S. ........................................................... 59,932 $ 1,283 2.1
Customer payables and Other(6):
U.S. ............................................................... 82,881 $(1,475) (1.8)
Non-U.S. ........................................................... 33,992 $ 726 2.1
Total .......................................................... $610,857 $ 5,897 1.0
Non-interest bearing liabilities and equity ......................................... 171,314
Total liabilities and equity ........................................ $782,171
Net interest income and net interest rate spread ..................................... $ (205) (0.1)%
(1) Interest expense on Trading liabilities is reported as a reduction of Interest income on Trading assets.
(2) Includes fees paid on securities borrowed.
(3) Includes interest from customer receivables and other interest earning assets.
(4) The Company also issues structured notes that have coupon or repayment terms linked to the performance of debt or equity securities,
indices, currencies or commodities, which are recorded within Trading revenues (see Note 4).
(5) Includes fees received on securities loaned.
(6) Includes fees received from prime brokerage customers for stock loan transactions incurred to cover customers’ short positions.
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