Net Interest Income

9 Months Ended

Sep. 30, 2024

Banking and Thrift, Interest [Abstract]

Net Interest Income

Net Interest Income

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)	2024		2023		2024		2023
Interest income:
Interest-bearing deposits with banks	$	878	$	693	$	2,805	$	2,031
Investment securities:
Investment securities available-for-sale	733		464		1,978		1,218
Investment securities held-to-maturity	266		314		837		954
Total investment securities	999		778		2,815		2,172
Securities purchased under resale agreements	183		65		516		223
Loans	579		492		1,687		1,330
Other interest-earning assets	442		300		1,145		831
Total interest income	3,081		2,328		8,968		6,587
Interest expense:
Interest-bearing deposits	1,696		1,332		4,973		3,479
Securities sold under repurchase agreements	28		6		110		28
Other short-term borrowings	176		2		444		34
Long-term debt	267		241		792		635
Other interest-bearing liabilities	191		123		475		330
Total interest expense	2,358		1,704		6,794		4,506
Net interest income	$	723	$	624	$	2,174	$	2,081