Net Interest Income (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(In millions)	2023		2022		2023		2022
Interest income:
Interest-bearing deposits with banks	$	693	$	202	$	2,031	$	281
Investment securities:
Investment securities available-for-sale	464		176		1,218		452
Investment securities held-to-maturity	314		271		954		672
Total investment securities	778		447		2,172		1,124
Securities purchased under resale agreements	65		57		223		105
Loans	492		256		1,330		627
Other interest-earning assets	300		139		831		189
Total interest income	2,328		1,101		6,587		2,326
Interest expense:
Interest-bearing deposits	1,332		300		3,479		260
Securities sold under repurchase agreements	6		2		28		5
Short-term borrowings	2		—		34		1
Long-term debt	241		97		635		234
Other interest-bearing liabilities	123		42		330		73
Total interest expense	1,704		441		4,506		573
Net interest income	$	624	$	660	$	2,081	$	1,753