Net Interest Income The components of Net Interest Income were as follows: TABLE 69: NET INTEREST INCOME | | | | | | | | | | | | | | | | THREE MONTHS ENDED SEPTEMBER 30, | NINE MONTHS ENDED SEPTEMBER 30, | (In Millions) | 2021 | 2020 | 2021 | 2020 | Interest Income | | | | | Loans and Leases | $ | 181.2 | | $ | 167.1 | | $ | 525.4 | | $ | 606.4 | | Securities — Taxable | 162.9 | | 182.6 | | 502.5 | | 632.1 | | — Non-Taxable(1) | 0.3 | | 0.3 | | 1.1 | | 1.1 | | Interest-Bearing Due from and Deposits with Banks(2) | 1.9 | | 2.7 | | 7.0 | | 20.0 | | Federal Reserve and Other Central Bank Deposits and Other | 5.0 | | 2.7 | | 8.3 | | 31.3 | | Total Interest Income | $ | 351.3 | | $ | 355.4 | | $ | 1,044.3 | | $ | 1,290.9 | | Interest Expense | | | | | Deposits | $ | (16.3) | | $ | (3.5) | | $ | (44.5) | | $ | 56.7 | | Federal Funds Purchased | — | | 0.1 | | (0.4) | | 2.1 | | Securities Sold Under Agreements to Repurchase | 0.1 | | — | | 0.1 | | 1.0 | | Other Borrowings | 3.6 | | 5.0 | | 10.3 | | 40.6 | | Senior Notes | 11.7 | | 19.1 | | 39.2 | | 57.0 | | Long-Term Debt | 5.3 | | 5.7 | | 15.9 | | 21.1 | | Floating Rate Capital Debt | 0.5 | | 0.4 | | 1.6 | | 3.6 | | Total Interest Expense | $ | 4.9 | | $ | 26.8 | | $ | 22.2 | | $ | 182.1 | | Net Interest Income | $ | 346.4 | | $ | 328.6 | | $ | 1,022.1 | | $ | 1,108.8 | |
(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.
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