Expenses (Tables)

9 Months Ended

Sep. 30, 2024

Other Expenses [Abstract]

Schedule of Expenses

The following table presents the components of other expenses for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2024		2023		2024		2023
Professional services	$	105	$	99	$	326	$	315
Sales advertising and public relations	45		38		104		91
Securities processing	16		10		43		35
Regulatory fees and assessments(1)	12		18		162		62
Bank operations	11		9		33		33
Donations	1		13		27		26
Other	105		98		318		279
Total other expenses	$	295	$	285	$	1,013	$	841

(1) First quarter of 2024 other expenses included a $130 million increase to the FDIC special assessment recorded in the fourth quarter of 2023, primarily related to the increase to the FDIC’s estimate of losses to the DIF associated with the closures of Silicon Valley Bank and Signature Bank.

Restructuring and Related Costs

The following table presents aggregate activity for repositioning charges for the periods indicated:

(In millions)	Employee Related Costs		Real Estate Actions		Total
Accrual Balance at December 31, 2022	$	83	$	5	$	88
Payments and other adjustments	(14)		(1)		(15)
Accrual Balance at March 31, 2023	69		4		73
Payments and Other Adjustments	(16)		(1)		(17)
Accrual Balance at June 30, 2023	53		3		56
Payments and Other Adjustments	(12)		(2)		(14)
Accrual Balance at September 30, 2023	$	41	$	1	$	42
Accrual Balance at December 31, 2023	$	207	$	1	$	208
Payments and other adjustments	(19)		—		(19)
Accrual Balance at March 31, 2024	188		1		189
Payments and Other Adjustments	(37)		—		(37)
Accrual Balance at June 30, 2024	151		1		152
Payments and Other Adjustments	(17)		—		(17)
Accrual Balance at September 30, 2024	$	134	$	1	$	135