Net Interest Income

12 Months Ended

Dec. 31, 2025

Banking and Thrift, Interest [Abstract]

Net Interest Income

Net Interest Income

The components of Net Interest Income were as follows.

TABLE 84: NET INTEREST INCOME

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2025		2024		2023
Interest Income
Federal Reserve and Other Central Bank Deposits	$	1,463.8	$	1,735.9	$	1,462.3
Interest-Bearing Due from and Deposits with Banks(1)	86.6		122.6		130.1
Federal Funds Sold and Securities Purchased under Agreements to Resell	2,829.2		3,340.2		1,585.5
Securities – Taxable	1,879.4		1,888.6		1,534.4
– Nontaxable(2)	1.0		1.1		1.3
Loans	2,280.1		2,567.1		2,551.1
Other Interest-Earning Assets(3)	84.5		106.8		60.3
Total Interest Income	$	8,624.6	$	9,762.3	$	7,325.0
Interest Expense
Deposits	$	2,663.9	$	3,415.9	$	2,685.3
Federal Funds Purchased	94.1		129.2		256.9
Securities Sold under Agreements to Repurchase	2,763.2		3,280.4		1,541.1
Other Borrowings	314.0		362.7		542.5
Senior Notes	157.5		173.5		170.0
Long-Term Debt	220.9		223.5		147.2
Total Interest Expense	$	6,213.6	$	7,585.2	$	5,343.0
Net Interest Income	$	2,411.0	$	2,177.1	$	1,982.0

(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.