Net Interest Income (Tables)

6 Months Ended

Jun. 30, 2021

Banking and Thrift, Interest [Abstract]

The components of Net Interest Income were as follows:

TABLE 69: NET INTEREST INCOME


	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
(In Millions)	2021		2020		2021		2020
Interest Income
Loans and Leases	$	172.2	$	189.1	$	344.2	$	439.3
Securities — Taxable	165.7		208.4		339.6		449.5
— Non-Taxable(1)	0.4		0.3		0.8		0.8
Interest-Bearing Due from and Deposits with Banks(2)	2.7		4.5		5.1		17.3
Federal Reserve and Other Central Bank Deposits and Other	2.1		4.0		3.3		28.6
Total Interest Income	$	343.1	$	406.3	$	693.0	$	935.5
Interest Expense
Deposits	$	(14.8)	$	(0.7)	$	(28.2)	$	60.2
Federal Funds Purchased	(0.5)		—		(0.4)		2.0
Securities Sold Under Agreements to Repurchase	—		—		—		1.0
Other Borrowings	3.2		6.4		6.7		35.6
Senior Notes	13.8		20.0		27.5		37.9
Long-Term Debt	5.3		7.0		10.6		15.4
Floating Rate Capital Debt	0.5		1.5		1.1		3.2
Total Interest Expense	$	7.5	$	34.2	$	17.3	$	155.3
Net Interest Income	$	335.6	$	372.1	$	675.7	$	780.2

(1) Non-Taxable Securities represent securities that are exempt from U.S. federal income taxes.

(2) 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.