Net Interest Income

3 Months Ended

Mar. 31, 2019

The following table presents the components of interest income and interest expense, and related NII, for the periods indicated:



	Three Months Ended March 31,
(In millions)	2019		2018⁽¹⁾
Interest income:
Interest-bearing deposits with banks	$	119	$	82
Investment securities:
U.S. Treasury and federal agencies	369		255
State and political subdivisions	12		52
Other investments	122		159
Securities purchased under resale agreements	98		77
Loans and leases	198		155
Other interest-earning assets	109		77
Total interest income	1,027		857
Interest expense:
Interest-bearing deposits	171		63
Securities sold under repurchase agreements	12		—
Other short-term borrowings	4		3
Long-term debt	106		97
Other interest-bearing liabilities	61		51
Total interest expense	354		214
Net interest income	$	673	$	643

⁽¹⁾In the first quarter of 2018, approximately $15 million of swap costs were reclassified from processing fees and other revenue within fee revenue to net interest income to conform to current presentation.