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Expenses
12 Months Ended
Dec. 31, 2024
Other Expenses [Abstract]  
Expenses Expenses
The following table presents the components of other expenses for the periods indicated:
Years Ended December 31,
(In millions)202420232022
Professional services$465 $428 $375 
Regulatory fees and assessments(1)
142 464 83 
Sales advertising and public relations142 142 99 
Securities processing78 49 63 
Bank operations51 45 41 
Donations28 27 27 
Other433 374 387 
Total other expenses$1,339 $1,529 $1,075 
(1) Includes an FDIC special assessment of $99 million and $387 million in 2024 and 2023, respectively, related to FDIC’s recovery of estimated losses to the Deposit Insurance Fund associated with the closures of Silicon Valley Bank and Signature Bank reflected in other expenses.
Repositioning Charges
In 2024, we recorded a net repositioning release of $2 million, including a $15 million release reflected in compensation and employee benefits expenses, partially offset by $13 million of occupancy charges related to footprint optimization.
In 2023, we recorded net repositioning charges of approximately $203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $182 million of compensation and employee benefits expenses related to workforce rationalization and $21 million of occupancy costs related to real estate footprint optimization.
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, 2021$68 $$74 
Accruals for Repositioning Charges
58 20 78 
Payments and Other Adjustments(43)(21)(64)
Accrual Balance at December 31, 202283 88 
Accruals for Repositioning Charges
182 21 203 
Payments and Other Adjustments(58)(25)(83)
Accrual Balance at December 31, 2023207 208 
Accruals for Repositioning Charges
(15)13 (2)
Payments and Other Adjustments(96)(14)(110)
Accrual Balance at December 31, 2024
$96 $ $96