Net Interest Income (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31,
(In millions)	2022		2021
Interest income:
Interest-bearing deposits with banks	$	9	$	(9)
Investment securities:
Investment securities available-for-sale	154		140
Investment securities held-to-maturity	171		180
Investment securities purchased under money market liquidity facility	—		4
Total investment securities	325		324
Securities purchased under resale agreements	10		10
Loans	172		141
Other interest-earning assets	5		5
Total interest income	521		471
Interest expense:
Interest-bearing deposits	(63)		(69)
Short-term borrowings under money market liquidity facility	—		4
Long-term debt	65		60
Other interest-bearing liabilities	10		9
Total interest expense	12		4
Net interest income	$	509	$	467