Net Interest Income (Tables)

6 Months Ended

Jun. 30, 2020

Banking and Thrift, Interest [Abstract]

Components of Interest Revenue and Interest Expense

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)	2020			2019		2020		2019
Interest income:
Interest-bearing deposits with banks	$	4		$	109	$	85	$	228
Investment securities:
U.S. Treasury and federal agencies	315			360		671		729
State and political subdivisions	9			13		20		25
Other investments	92			126		209		248
Investment securities purchased under money market liquidity facility	70			—		78		—
Total investment securities	486			499		978		1,002
Securities purchased under resale agreements	24			90		89		188
Loans	156			195		340		393
Other interest-earning assets	4			114		50		223
Total interest income	674			1,007		1,542		2,034
Interest expense:
Interest-bearing deposits	(54		)	209		14		380
Investment securities purchased under money market liquidity facility	58			—		64		—
Securities sold under repurchase agreements	1			8		3		20
Other short-term borrowings	5			6		15		10
Long-term debt	95			107		183		213
Other interest-bearing liabilities	10			64		40		125
Total interest expense	115			394		319		748
Net interest income	$	559		$	613	$	1,223	$	1,286