Net Interest Income (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Interest income:
Interest-bearing deposits with banks	$	202	$	—	$	281	$	(13)
Investment securities:
Investment securities available-for-sale	176		150		452		435
Investment securities held-to-maturity	271		158		672		501
Investment securities purchased under money market liquidity facility	—		—		—		4
Total investment securities	447		308		1,124		940
Securities purchased under resale agreements	57		6		105		19
Loans	256		168		627		466
Other interest-earning assets	139		5		189		13
Total interest income	1,101		487		2,326		1,425
Interest expense:
Interest-bearing deposits	300		(62)		260		(196)
Short-term borrowings under money market liquidity facility	—		—		—		4
Securities sold under repurchase agreements	2		—		5		—
Other short-term borrowings	—		—		1		1
Long-term debt	97		51		234		165
Other interest-bearing liabilities	42		11		73		30
Total interest expense	441		—		573		4
Net interest income	$	660	$	487	$	1,753	$	1,421