Net Interest Income

3 Months Ended

Mar. 31, 2021

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:

	Three Months Ended March 31,
(In millions)	2021		2020
Interest income:
Interest-bearing deposits with banks	$	(9)	$	81
Investment securities:
Investment securities available-for-sale	140		213
Investment securities held-to-maturity	180		271
Investment securities purchased under money market liquidity facility	4		8
Securities purchased under resale agreements	10		65
Loans	141		184
Other interest-earning assets	5		46
Total interest income	471		868
Interest expense:
Interest-bearing deposits	(69)		68
Short term borrowings under money market liquidity facility	4		6
Securities sold under repurchase agreements	—		2
Other short-term borrowings	—		10
Long-term debt	60		88
Other interest-bearing liabilities	9		30
Total interest expense	4		204
Net interest income	$	467	$	664