Net Interest Income (Tables)

6 Months Ended

Jun. 30, 2021

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)	2021		2020		2021		2020
Interest income:
Interest-bearing deposits with banks	$	(4)	$	4	$	(13)	$	85
Investment securities:
Investment securities available-for-sale	145		189		285		404
Investment securities held-to-maturity	163		227		343		496
Investment securities purchased under money market liquidity facility	—		70		4		78
Total investment securities	308		486		632		978
Securities purchased under resale agreements	3		24		13		89
Loans	157		156		298		340
Other interest-earning assets	3		4		8		50
Total interest income	467		674		938		1,542
Interest expense:
Interest-bearing deposits	(65)		(54)		(134)		14
Short term borrowings under money market liquidity facility	—		58		4		64
Securities sold under repurchase agreements	—		1		—		3
Other short-term borrowings	1		5		1		15
Long-term debt	54		95		114		183
Other interest-bearing liabilities	10		10		19		40
Total interest expense	—		115		4		319
Net interest income	$	467	$	559	$	934	$	1,223