Goldman Sachs 2009 Annual Report Download - page 156
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NOTE 19
Interest Income and Interest Expense
The following table sets forth the details of the rm’s interest income and interest expense:
Year Ended One Month Ended
December November November December
(inmillions) 2009 2008 2007 2008
Interest income (1)
Deposits with banks $ 65 $ 188 $ 119 $ 2
Securities borrowed, securities purchased under
agreements to resell and federal funds sold 951 11,746 18,013 301
Trading assets, at fair value 11,106 13,150 13,120 1,172
Other interest (2) 1,785 10,549 14,716 212
Total interest income $13,907 $35,633 $45,968 $1,687
Interest expense
Deposits $ 415 $ 756 $ 677 $ 51
Securities loaned and securities sold under
agreements to repurchase, at fair value 1,317 7,414 12,612 229
Trading liabilities, at fair value 1,854 2,789 3,866 174
Short-term borrowings (3) 623 1,864 3,398 107
Long-term borrowings (4) 2,585 6,975 6,830 297
Other interest (5) (294) 11,559 14,598 144
Total interest expense $ 6,500 $31,357 $41,981 $1,002
Net interest income $ 7,407 $ 4,276 $ 3,987 $ 685
(1) Interest income is recorded on an accrual basis based on contractual interest rates.
(2) Primarily includes interest income on customer debit balances and other interest-earning assets.
(3) Includes interest on unsecured short-term borrowings and short-term other secured nancings.
(4) Includes interest on unsecured long-term borrowings and long-term other secured nancings.
(5) Primarily includes interest expense on customer credit balances and other interest-bearing liabilities.
Goldman Sachs 2009 Annual Report
154
Notes to Consolidated Financial Statements