Net Interest Income (Tables)

12 Months Ended

Dec. 31, 2020

Banking and Thrift, Interest [Abstract]

Components of Net Interest Income

The components of Net Interest Income were as follows:

TABLE 102: NET INTEREST INCOME

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2020		2019		2018
Interest Income
Loans and Leases	$	774.6	$	1,153.4	$	1,098.8
Securities – Taxable	812.4		1,070.7		905.2
– Non-Taxable(1)	1.4		3.8		7.0
Interest-Bearing Due from and Deposits with Banks(2)	22.4		72.4		70.0
Federal Reserve and Other Central Bank Deposits and Other	32.7		199.6		240.4
Total Interest Income	$	1,643.5	$	2,499.9	$	2,321.4
Interest Expense
Deposits	$	48.4	$	488.9	$	384.6
Federal Funds Purchased	2.2		25.9		50.3
Securities Sold under Agreements to Repurchase	1.0		6.4		7.8
Other Borrowings	45.3		181.7		150.1
Senior Notes	72.7		72.6		53.4
Long-Term Debt	26.5		38.3		45.0
Floating Rate Capital Debt	4.2		8.2		7.5
Total Interest Expense	$	200.3	$	822.0	$	698.7
Net Interest Income	$	1,443.2	$	1,677.9	$	1,622.7

(1) Non-Taxable Securities represent securities that are exempt from U.S. federal income taxes.

(2) 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.