Net Interest Income (Tables)

12 Months Ended

Dec. 31, 2022

Banking and Thrift, Interest [Abstract]

Components of Net Interest Income

The components of Net Interest Income were as follows:

TABLE 97: NET INTEREST INCOME

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2022		2021		2020
Interest Income
Federal Reserve and Other Central Bank Deposits	$	472.1	$	11.3	$	28.8
Interest-Bearing Due from and Deposits with Banks(1)	46.6		9.1		22.4
Securities Purchased under Agreements to Resell	103.7		3.5		3.9
Securities – Taxable	899.9		658.8		801.2
– Non-Taxable(2)	1.3		1.5		1.4
Loans and Leases	1,344.3		713.5		774.6
Other Interest-Earning Assets(3)	9.8		8.8		11.2
Total Interest Income	$	2,877.7	$	1,406.5	$	1,643.5
Interest Expense
Deposits	$	602.8	$	(61.3)	$	48.4
Federal Funds Purchased	34.1		(0.4)		2.2
Securities Sold under Agreements to Repurchase	90.7		0.2		1.0
Other Borrowings	126.2		14.2		45.3
Senior Notes	92.7		48.3		72.7
Long-Term Debt	44.0		21.1		26.5
Floating Rate Capital Debt	—		1.7		4.2
Total Interest Expense	$	990.5	$	23.8	$	200.3
Net Interest Income	$	1,887.2	$	1,382.7	$	1,443.2

(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.

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

(3) Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets.