Morgan Stanley 2014 Annual Report Download - page 308
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FINANCIAL DATA SUPPLEMENT (Unaudited)—(Continued)
Rate/Volume Analysis
The following tables set forth an analysis of the effect on net interest income of volume and rate changes:
2014 versus 2013
Increase (decrease) due to change in:
Volume Rate Net Change
(dollars in millions)
Interest earning assets
Trading assets:
U.S. ................................. $ (243) $ (62) $(305)
Non-U.S. ............................. 33 89 122
Investment securities:
U.S. ................................. 184 (18) 166
Loans:
U.S. ................................. 597 (10) 587
Non-U.S. ............................. (19) 1 (18)
Interest bearing deposits with banks:
U.S. ................................. (13) — (13)
Non-U.S. ............................. (26) 19 (7)
Securities purchased under agreements to resell
and Securities borrowed:
U.S. ................................. 28 (318) (290)
Non-U.S. ............................. (1) 13 12
Customer receivables and Other:
U.S. ................................. 136 (232) (96)
Non-U.S. ............................. (11) 57 46
Change in interest income ....................... $ 665 $(461) $ 204
Interest bearing liabilities
Deposits:
U.S. ................................. $ 47 $(112) $ (65)
Non-U.S. ............................. — 12 12
Commercial paper and other short-term
borrowings:
U.S. ................................. 1 (3) (2)
Non-U.S. ............................. (8) (6) (14)
Long-term borrowings:
U.S. ................................. (228) 104 (124)
Non-U.S. ............................. (7) (18) (25)
Securities sold under agreements to repurchase and
Securities loaned:
U.S. ................................. (143) 10 (133)
Non-U.S. ............................. (187) 67 (120)
Customer payables and Other:
U.S. ................................. (236) (13) (249)
Non-U.S. ............................. 45 (78) (33)
Change in interest expense ...................... $ (716) $ (37) $(753)
Change in net interest income .................... $1,381 $(424) $ 957
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