Net Interest Income (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(In millions)	2023		2022		2023		2022
Interest income:
Interest-bearing deposits with banks	$	696	$	70	$	1,338	$	79
Investment securities:
Investment securities available-for-sale	408		122		755		276
Investment securities held-to-maturity	320		230		640		401
Total investment securities	728		352		1,395		677
Securities purchased under resale agreements	81		38		157		48
Loans	442		199		839		371
Other interest-earning assets	285		45		530		50
Total interest income	2,232		704		4,259		1,225
Interest expense:
Interest-bearing deposits	1,193		23		2,147		(40)
Securities sold under repurchase agreements	13		3		22		3
Short-term borrowings	20		1		32		1
Long-term debt	209		72		393		137
Other interest-bearing liabilities	106		21		208		31
Total interest expense	1,541		120		2,802		132
Net interest income	$	691	$	584	$	1,457	$	1,093