Net Interest Income

6 Months Ended

Jun. 30, 2022

Banking and Thrift, Interest [Abstract]

Net Interest Income

Net Interest Income

The components of Net Interest Income were as follows:

TABLE 67: NET INTEREST INCOME

	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
(In Millions)	2022		2021		2022		2021
Interest Income
Loans and Leases	$	256.4	$	172.2	$	447.6	$	344.2
Securities — Taxable	195.4		165.7		366.2		339.6
— Non-Taxable(1)	0.3		0.4		0.7		0.8
Interest-Bearing Due from and Deposits with Banks(2)	6.5		2.7		9.1		5.1
Federal Reserve and Other Central Bank Deposits and Other	66.2		2.1		84.7		3.3
Total Interest Income	$	524.8	$	343.1	$	908.3	$	693.0
Interest Expense
Deposits	$	23.2	$	(14.8)	$	7.3	$	(28.2)
Federal Funds Purchased	2.8		(0.5)		2.8		(0.4)
Securities Sold Under Agreements to Repurchase	6.0		—		6.3		—
Other Borrowings	8.4		3.2		11.5		6.7
Senior Notes	18.9		13.8		28.5		27.5
Long-Term Debt	6.8		5.3		12.2		10.6
Floating Rate Capital Debt	—		0.5		—		1.1
Total Interest Expense	$	66.1	$	7.5	$	68.6	$	17.3
Net Interest Income	$	458.7	$	335.6	$	839.7	$	675.7

(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.