Net Interest Income (Tables)

6 Months Ended

Jun. 30, 2026

Banking and Thrift, Interest [Abstract]

Schedule of Net Interest Income

The components of Net Interest Income were as follows.

TABLE 61: NET INTEREST INCOME

	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
(In Millions)	2026		2025		2026		2025
Interest Income
Federal Reserve and Other Central Bank Deposits	$	328.8	$	436.4	$	692.3	$	816.4
Interest-Bearing Due from and Deposits with Banks(1)	18.2		21.8		37.7		45.2
Federal Funds Sold and Securities Purchased under Agreements to Resell	783.6		693.2		1,610.5		1,380.0
Securities — Taxable	517.6		462.2		1,005.1		917.2
— Nontaxable(2)	0.2		0.3		0.4		0.6
Loans	517.1		576.3		1,029.3		1,151.2
Other Interest-Earning Assets(3)	23.8		22.6		48.1		43.1
Total Interest Income	$	2,189.3	$	2,212.8	$	4,423.4	$	4,353.7
Interest Expense
Deposits	$	565.0	$	722.0	$	1,156.9	$	1,423.9
Federal Funds Purchased	19.6		24.4		40.9		48.0
Securities Sold Under Agreements to Repurchase	769.8		680.6		1,574.2		1,353.8
Other Borrowings	79.9		80.4		155.4		160.1
Senior Notes	41.2		39.0		82.3		77.8
Long-Term Debt	38.3		55.9		84.2		111.5
Total Interest Expense	$	1,513.8	$	1,602.3	$	3,093.9	$	3,175.1
Net Interest Income	$	675.5	$	610.5	$	1,329.5	$	1,178.6

(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.