Net Interest Income (Tables)

12 Months Ended

Dec. 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:

	Years Ended December 31,
(In millions)	2022		2021		2020
Interest income:
Interest-bearing deposits with banks	$	842	$	(15)	$	76
Investment securities:
Investment securities available-for-sale	724		572		748
Investment securities held-to-maturity	979		665		829
Investment securities purchased under money market liquidity facility	—		4		117
Total Investment securities	1,703		1,241		1,694
Securities purchased under resale agreements	188		27		126
Loans	972		638		624
Other interest-earning assets	383		17		55
Total interest income	4,088		1,908		2,575
Interest expense:
Interest-bearing deposits	967		(263)		(117)
Short term borrowings under money market liquidity facility	—		4		101
Securities sold under repurchase agreements	14		—		4
Other short-term borrowings	26		2		17
Long-term debt	376		219		312
Other interest-bearing liabilities	161		41		58
Total interest expense	1,544		3		375
Net interest income	$	2,544	$	1,905	$	2,200