Net Interest Income (Tables)

3 Months Ended

Mar. 31, 2021

Banking and Thrift, Interest [Abstract]

Net Interest Income

The components of Net Interest Income were as follows:

TABLE 64: NET INTEREST INCOME

	THREE MONTHS ENDED MARCH 31,
(In Millions)	2021		2020
Interest Income
Loans and Leases	$	172.0	$	250.2
Securities — Taxable	173.9		241.1
— Non-Taxable(1)	0.4		0.5
Interest-Bearing Due from and Deposits with Banks(2)	2.4		12.8
Federal Reserve and Other Central Bank Deposits and Other	1.2		24.6
Total Interest Income	$	349.9	$	529.2
Interest Expense
Deposits	$	(13.4)	$	60.9
Federal Funds Purchased	0.1		2.0
Securities Sold Under Agreements to Repurchase	—		1.0
Other Borrowings	3.5		29.2
Senior Notes	13.7		17.9
Long-Term Debt	5.3		8.4
Floating Rate Capital Debt	0.6		1.7
Total Interest Expense	$	9.8	$	121.1
Net Interest Income	$	340.1	$	408.1

(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.