Net Interest Income (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
Interest income:
Interest-bearing deposits with banks	$	—	$	(6)	$	(13)	$	79
Investment securities:
Investment securities available-for-sale	150		169		435		609
Investment securities held-to-maturity	158		171		501		631
Investment securities purchased under money market liquidity facility	—		25		4		103
Total investment securities	308		365		940		1,343
Securities purchased under resale agreements	6		20		19		109
Loans	168		138		466		479
Other interest-earning assets	5		3		13		52
Total interest income	487		520		1,425		2,062
Interest expense:
Interest-bearing deposits	(62)		(61)		(196)		(47)
Short-term borrowings under money market liquidity facility	—		23		4		87
Securities sold under repurchase agreements	—		—		—		3
Other short-term borrowings	—		2		1		17
Long-term debt	51		69		165		252
Other interest-bearing liabilities	11		9		30		49
Total interest expense	—		42		4		361
Net interest income	$	487	$	478	$	1,421	$	1,701