Net Interest Income

6 Months Ended

Jun. 30, 2019

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



	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2019		2018		2019		2018
Interest income:
Interest-bearing deposits with banks	$	109	$	90	$	228	$	172
Investment securities:
U.S. Treasury and federal agencies	360		280		729		534
State and political subdivisions	13		44		25		96
Other investments	126		140		248		298
Securities purchased under resale agreements	90		81		188		159
Loans and leases	195		169		393		325
Other interest-earning assets	114		103		223		180
Total interest income	1,007		907		2,034		1,764
Interest expense:
Interest-bearing deposits	209		89		380		152
Securities sold under repurchase agreements	8		6		20		7
Other short-term borrowings	6		4		10		7
Long-term debt	107		97		213		194
Other interest-bearing liabilities	64		52		125		102
Total interest expense	394		248		748		462
Net interest income	$	613	$	659	$	1,286	$	1,302