Net Interest Income (Tables)

6 Months Ended

Jun. 30, 2020

Banking and Thrift, Interest [Abstract]

Net Interest Income

The components of net interest income were as follows:

TABLE 68: NET INTEREST INCOME

	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
(In Millions)	2020		2019		2020		2019
Interest Income
Loans and Leases	$	189.1	$	300.6	$	439.3	$	598.8
Securities — Taxable	208.4		269.1		449.5		546.5
— Non-Taxable	0.3		1.0		0.8		2.2
Interest-Bearing Due from and Deposits with Banks(1)	4.5		19.2		17.3		37.1
Federal Reserve and Other Central Bank Deposits and Other	4.0		50.3		28.6		118.4
Total Interest Income	$	406.3	$	640.2	$	935.5	$	1,303.0
Interest Expense
Deposits	$	(0.7)	$	133.9	$	60.2	$	281.5
Federal Funds Purchased	—		7.1		2.0		20.5
Securities Sold Under Agreements to Repurchase	—		2.1		1.0		3.9
Other Borrowings	6.4		49.1		35.6		99.0
Senior Notes	20.0		18.5		37.9		34.4
Long-Term Debt	7.0		10.0		15.4		20.0
Floating Rate Capital Debt	1.5		2.1		3.2		4.3
Total Interest Expense	$	34.2	$	222.8	$	155.3	$	463.6
Net Interest Income	$	372.1	$	417.4	$	780.2	$	839.4

⁽¹⁾ Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets.