Net Interest Income

3 Months Ended

Mar. 31, 2020

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)	2020		2019
Interest income:
Interest-bearing deposits with banks	$	81	$	119
Investment securities:
U.S. Treasury and federal agencies	356		369
State and political subdivisions	11		12
Other investments	117		122
Investment securities purchased under money market liquidity facility	8		—
Securities purchased under resale agreements	65		98
Loans	184		198
Other interest-earning assets	46		109
Total interest income	868		1,027
Interest expense:
Interest-bearing deposits	68		171
Investment securities purchased under money market liquidity facility	6		—
Securities sold under repurchase agreements	2		12
Other short-term borrowings	10		4
Long-term debt	88		106
Other interest-bearing liabilities	30		61
Total interest expense	204		354
Net interest income	$	664	$	673