Net Interest Income (Tables)

3 Months Ended

Mar. 31, 2023

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)	2023		2022
Interest income:
Interest-bearing deposits with banks	$	641	$	9
Investment securities:
Investment securities available-for-sale	347		154
Investment securities held-to-maturity	321		171
Total investment securities	668		325
Securities purchased under resale agreements	76		10
Loans	397		172
Other interest-earning assets	245		5
Total interest income	2,027		521
Interest expense:
Interest-bearing deposits	953		(63)
Securities sold under repurchase agreements	9		—
Federal funds purchased	1		—
Short-term borrowings	11		—
Long-term debt	184		65
Other interest-bearing liabilities	103		10
Total interest expense	1,261		12
Net interest income	$	766	$	509