Other Operating Income

12 Months Ended

Dec. 31, 2020

Other Income and Expenses [Abstract]

Other Operating Income

Other Operating Income

The components of Other Operating Income were as follows:

TABLE 103: OTHER OPERATING INCOME

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2020		2019		2018
Loan Service Fees	$	52.5	$	48.0	$	48.9
Banking Service Fees	46.1		45.6		46.4
Other Income	95.4		51.9		32.2
Total Other Operating Income	$	194.0	$	145.5	$	127.5

Other Operating Income in 2020 increased from 2019, primarily due to higher income related to a bank-owned life insurance program implemented during 2019, a charge in the prior year related to the decision made to sell substantially all of the lease portfolio, and higher miscellaneous income.

Other Operating Expense

The components of Other Operating Expense were as follows:

TABLE 104: OTHER OPERATING EXPENSE

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2020		2019		2018
Business Promotion	$	59.2	$	104.2	$	98.3
Staff Related	29.4		42.8		33.6
FDIC Insurance Premiums	11.8		9.9		27.4
Other Intangibles Amortization	16.9		16.6		17.4
Other Expenses	229.4		156.3		153.9
Total Other Operating Expense	$	346.7	$	329.8	$	330.6

Other Operating Expense in 2020 increased from 2019 primarily due to a $43.4 million charge related to a corporate action processing error as well as increases in mutual fund co-administration fees, partially offset by lower business promotion expense due to reduced business travel and lower staff-related expense.