Net Interest Income (Tables)

9 Months Ended

Sep. 30, 2025

Banking and Thrift, Interest [Abstract]

Schedule of Net Interest Income

The components of Net Interest Income were as follows.

TABLE 63: NET INTEREST INCOME

	THREE MONTHS ENDED SEPTEMBER 30, 2025				NINE MONTHS ENDED SEPTEMBER 30, 2025
(In Millions)	2025		2024		2025		2024
Interest Income
Federal Reserve and Other Central Bank Deposits	$	326.5	$	451.7	$	1,142.9	$	1,369.0
Interest-Bearing Due from and Deposits with Banks(1)	20.7		28.5		65.9		94.5
Federal Funds Sold and Securities Purchased under Agreements to Resell	711.7		890.8		2,091.7		2,578.2
Securities — Taxable	481.1		486.3		1,398.3		1,409.0
— Nontaxable(2)	0.2		0.2		0.8		0.8
Loans	584.6		644.5		1,735.8		1,946.4
Other Interest-Earning Assets(3)	19.5		28.2		62.6		84.4
Total Interest Income	$	2,144.3	$	2,530.2	$	6,498.0	$	7,482.3
Interest Expense
Deposits	$	658.4	$	873.5	$	2,082.3	$	2,653.5
Federal Funds Purchased	24.8		29.6		72.8		101.9
Securities Sold Under Agreements to Repurchase	695.0		869.7		2,048.8		2,535.1
Other Borrowings	79.6		94.8		239.7		278.7
Senior Notes	39.3		44.2		117.1		132.4
Long-Term Debt	56.4		56.1		167.9		167.4
Total Interest Expense	$	1,553.5	$	1,967.9	$	4,728.6	$	5,869.0
Net Interest Income	$	590.8	$	562.3	$	1,769.4	$	1,613.3

(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.