Net Interest Income

9 Months Ended

Sep. 30, 2022

Banking and Thrift, Interest [Abstract]

Net Interest Income

Net Interest Income

The components of Net Interest Income were as follows:

TABLE 67: NET INTEREST INCOME

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
(In Millions)	2022		2021		2022		2021
Interest Income
Federal Reserve and Other Central Bank Deposits and Other	$	135.5	$	4.2	$	212.3	$	5.6
Interest-Bearing Due from and Deposits with Banks(2)	14.5		1.9		23.6		7.0
Securities Purchased under Agreements to Resell	30.5		0.8		38.4		2.7
Securities — Taxable	238.6		162.9		604.8		502.5
— Nontaxable(1)	0.4		0.3		1.1		1.1
Loans and Leases	379.8		181.2		827.4		525.4
Total Interest Income	$	799.3	$	351.3	$	1,707.6	$	1,044.3
Interest Expense
Deposits	$	177.3	$	(16.3)	$	184.6	$	(44.5)
Federal Funds Purchased	9.9		—		12.7		(0.4)
Securities Sold Under Agreements to Repurchase	25.5		0.1		31.8		0.1
Other Borrowings	35.7		3.6		47.2		10.3
Senior Notes	28.6		11.7		57.1		39.2
Long-Term Debt	9.3		5.3		21.5		15.9
Floating Rate Capital Debt	—		0.5		—		1.6
Total Interest Expense	$	286.3	$	4.9	$	354.9	$	22.2
Net Interest Income	$	513.0	$	346.4	$	1,352.7	$	1,022.1

(1) Nontaxable 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.