Net Interest Income

9 Months Ended

Sep. 30, 2020

Banking and Thrift, Interest [Abstract]

Net Interest Income

Net Interest Income

The components of net interest income were as follows:

TABLE 72: NET INTEREST INCOME

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
(In Millions)	2020		2019		2020		2019
Interest Income
Loans and Leases	$	167.1	$	291.0	$	606.4	$	889.8
Securities — Taxable	182.6		265.9		632.1		812.4
— Non-Taxable	0.3		0.9		1.1		3.1
Interest-Bearing Due from and Deposits with Banks(1)	2.7		18.6		20.0		55.7
Federal Reserve and Other Central Bank Deposits and Other	2.7		44.4		31.3		162.8
Total Interest Income	$	355.4	$	620.8	$	1,290.9	$	1,923.8
Interest Expense
Deposits	$	(3.5)	$	122.0	$	56.7	$	403.5
Federal Funds Purchased	0.1		2.4		2.1		22.8
Securities Sold Under Agreements to Repurchase	—		1.6		1.0		5.4
Other Borrowings	5.0		46.0		40.6		145.2
Senior Notes	19.1		19.6		57.0		54.0
Long-Term Debt	5.7		9.4		21.1		29.4
Floating Rate Capital Debt	0.4		2.1		3.6		6.4
Total Interest Expense	$	26.8	$	203.1	$	182.1	$	666.7
Net Interest Income	$	328.6	$	417.7	$	1,108.8	$	1,257.1

⁽¹⁾    Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets.