Retirement Plans

9 Months Ended

Sep. 30, 2019

Defined Benefit Plan [Abstract]

Retirement Plans

RETIREMENT PLANS

The following discloses the net periodic cost (benefit) and its components for the Bank’s pension and other retirement plans:

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Interest cost	$	1	$	1	$	4	$	4
Expected return on plan assets	(2)		(3)		(6)		(9)
Partial settlement loss	—		1		1		2
Amortization of net actuarial loss	1		—		1		1
Net periodic cost (benefit)	$	—	$	(1)	$	—	$	(2)

As disclosed in our 2018 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 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.