Morgan Stanley 2014 Annual Report Download - page 309

FINANCIAL DATA SUPPLEMENT (Unaudited)—(Continued)
Rate/Volume Analysis
2013 versus 2012
Increase (decrease) due to change in:
Volume Rate Net Change
(dollars in millions)
Interest earning assets
Trading assets:
U.S. ................................... $(237) $ (62) $ (299)
Non-U.S. .............................. 130 (275) (145)
Investment securities:
U.S. ................................... 88 16 104
Loans:
U.S. ................................... 368 87 455
Non-U.S. .............................. 16 7 23
Interest bearing deposits with banks:
U.S. ................................... 20 8 28
Non-U.S. .............................. (19) (4) (23)
Securities purchased under agreements to resell and
Securities borrowed:
U.S. ................................... (24) 122 98
Non-U.S. .............................. (105) (377) (482)
Customer receivables and Other:
U.S. ................................... 64 216 280
Non-U.S. .............................. 241 (763) (522)
Change in interest income ........................ $542 $(1,025) $ (483)
Interest bearing liabilities
Deposits:
U.S. ................................... $ 59 $ (81) $ (22)
Commercial paper and other short-term borrowings:
U.S. ................................... 4 (7) (3)
Non-U.S. .............................. (8) (7) (15)
Long-term borrowings:
U.S. ................................... (317) (531) (848)
Non-U.S. .............................. 24 (40) (16)
Securities sold under agreements to repurchase and
Securities loaned:
U.S. ................................... 40 119 159
Non-U.S. .............................. 145 (640) (495)
Customer payables and Other:
U.S. ................................... (276) 634 358
Non-U.S. .............................. 79 (663) (584)
Change in interest expense ....................... $(250) $(1,216) $(1,466)
Change in net interest income ..................... $792 $ 191 $ 983
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