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Midas Edge

MORGAN STANLEY

For the period ended Mar 31, 2024. Filed May 3, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

MS$187.56+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

17. Interest Income and Interest Expense

Table of Contents

Notes to Consolidated Financial Statements(Unaudited)

  1. Interest Income and Interest Expense
Three Months EndedMarch 31,
$ in millions20242023
Interest income
Cash and cash equivalents1$903743
Investment securities1,1971,018
Loans3,3052,815
Securities purchased under agreements to resell22,5301,477
Securities borrowed31,3761,172
Trading assets, net of Trading liabilities1,382913
Customer receivables and Other1, 42,2371,842
Total interest income$12,930$9,980
Interest expense
Deposits$2,476$1,575
Borrowings3,2232,506
Securities sold under agreements to repurchase52,4021,218
Securities loaned6224164
Customer payables and Other4, 72,8092,171
Total interest expense$11,134$7,634
Net interest$1,796$2,346

  1. In the fourth quarter of 2023, interest bearing Cash and cash equivalents and related interest were presented separately for the first time. The prior period amounts for Customer receivables and Other have been disaggregated to exclude Cash and cash equivalents to align with the current presentation.

  2. Includes interest paid on Securities purchased under agreements to resell.

  3. Includes fees paid on Securities borrowed.

  4. Certain prior period amounts have been adjusted to conform with the current period presentation. This adjustment resulted in a decrease to both interest income and interest expense of $890 million and no change to net interest income for the first quarter of 2023 for the Institutional Securities segment. See Note 2 for additional information.

  5. Includes interest received on Securities sold under agreements to repurchase.

  6. Includes fees received on Securities loaned.

  7. Includes fees received from Equity Financing customers related to their short transactions, which can be under either margin or securities lending arrangements.

Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense.

Accrued Interest

$ in millionsAt March 31,2024At December 31,2023
Customer and other receivables$5,149$4,206
Customer and other payables4,9424,360
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.