Net Interest Income (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(In millions)	2022		2021		2022		2021
Interest income:
Interest-bearing deposits with banks	$	70	$	(4)	$	79	$	(13)
Investment securities:
Investment securities available-for-sale	122		145		276		285
Investment securities held-to-maturity	230		163		401		343
Investment securities purchased under money market liquidity facility	—		—		—		4
Total investment securities	352		308		677		632
Securities purchased under resale agreements	38		3		48		13
Loans	199		157		371		298
Other interest-earning assets	45		3		50		8
Total interest income	704		467		1,225		938
Interest expense:
Interest-bearing deposits	23		(65)		(40)		(134)
Short-term borrowings under money market liquidity facility	—		—		—		4
Securities sold under repurchase agreements	3		—		3		—
Other short-term borrowings	1		1		1		1
Long-term debt	72		54		137		114
Other interest-bearing liabilities	21		10		31		19
Total interest expense	120		—		132		4
Net interest income	$	584	$	467	$	1,093	$	934