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Net Interest Income
 12 Months Ended
Dec. 31, 2020
Banking and Thrift, Interest [Abstract]  
Net Interest Income Net Interest Income
The following table presents the components of interest income and interest expense, and related NII, for the periods indicated:
Years Ended December 31,
(In millions)202020192018
Interest income:
Interest-bearing deposits with banks$76 $416 $387 
Investment securities:
U.S. Treasury and federal agencies1,174 1,443 1,178 
State and political subdivisions37 49 143 
Other investments366 505 560 
Investment securities purchased under money market liquidity facility117 — — 
Total Investment securities1,694 1,997 1,881 
Securities purchased under resale agreements126 364 335 
Loans and leases624 769 687 
Other interest-earning assets55 395 372 
Total interest income2,575 3,941 3,662 
Interest expense:
Interest-bearing deposits(117)663 363 
Short term borrowings under money market liquidity facility101 — — 
Securities sold under repurchase agreements4 31 13 
Other short-term borrowings17 21 17 
Long-term debt312 414 389 
Other interest-bearing liabilities58 246 209 
Total interest expense375 1,375 991 
Net interest income$2,200 $2,566 $2,671