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Net Interest Income
 3 Months Ended
Mar. 31, 2025
Banking and Thrift, Interest [Abstract]  
Net Interest Income Net Interest Income
The components of Net Interest Income were as follows.
TABLE 61: NET INTEREST INCOME
THREE MONTHS ENDED MARCH 31,
(In Millions)20252024
Interest Income
Federal Reserve and Other Central Bank Deposits$380.0 $459.7 
Interest-Bearing Due from and Deposits with Banks(1)
23.4 34.6 
Federal Funds Sold and Securities Purchased under Agreements to Resell686.8 823.9 
Securities — Taxable455.0 445.3 
— Nontaxable(2)
0.3 0.3 
Loans574.9 653.6 
Other Interest-Earning Assets(3)
20.5 28.2 
Total Interest Income$2,140.9 $2,445.6 
Interest Expense
Deposits$701.9 $881.7 
Federal Funds Purchased23.6 33.6 
Securities Sold Under Agreements to Repurchase673.2 813.9 
Other Borrowings79.7 88.6 
Senior Notes38.8 44.1 
Long-Term Debt55.6 55.6 
Total Interest Expense$1,572.8 $1,917.5 
Net Interest Income$568.1 $528.1 
(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.
(2) Non-taxable Securities represent securities that are exempt from U.S. federal income taxes.
(3) Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, Federal Home Loan Bank and Federal Reserve stock, and money market investments which are classified in Other Assets on the consolidated balance sheets.