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Retirement Plans
9 Months Ended
Sep. 30, 2018
Defined Benefit Plan [Abstract]  
Retirement Plans
RETIREMENT PLANS
The following discloses the net periodic benefit cost (credit) and its components for the Bank’s pension and other retirement plans:
(In millions)
Three Months Ended September 30,
 
Nine Months Ended September 30,
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Interest cost
$
1


$
2

 
$
4

 
$
5

Expected return on plan assets
(3
)

(3
)
 
(9
)
 
(9
)
Partial settlement loss
1

 
1

 
2

 
2

Amortization of net actuarial loss


1

 
1

 
4

Net periodic benefit cost (benefit)
$
(1
)
 
$
1

 
$
(2
)
 
$
2


As disclosed in our 2017 Annual Report on Form 10-K, the Bank has frozen its participation and benefit accruals for the pension plan and its contributions for individual benefit payments in the postretirement benefit plan. In October 2018, the Bank has decided to terminate its pension plan subject to obtaining necessary regulatory approval. Completion of this termination is expected in early 2020. Plan participant benefits will not be disadvantaged because of this decision.