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Other Operating Income
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Other Operating Income Other Operating Income
The components of Other Operating Income were as follows.
TABLE 96: OTHER OPERATING INCOME
FOR THE YEAR ENDED DECEMBER 31,
(In Millions)202320222021
Loan Service Fees$83.1 $71.5 $66.6 
Banking Service Fees53.0 49.8 50.9 
Bank Owned Life Insurance69.5 61.0 48.5 
Other Income(1)
23.1 9.0 77.9 
Total Other Operating Income$228.7 $191.3 $243.9 
(1) Other Income includes the mark-to-market gain or loss on derivative swap activity primarily related to the sale of certain Visa Class B common shares.
Other Operating Expense
The components of Other Operating Expense were as follows.
TABLE 97: OTHER OPERATING EXPENSE
FOR THE YEAR ENDED DECEMBER 31,
(In Millions)202320222021
Business Promotion$74.8 $76.7 $65.5 
Staff Related35.0 34.6 33.9 
FDIC Insurance Premiums(1)
112.0 17.8 14.6 
Charitable Contributions15.6 19.4 18.0 
Other Expenses235.5 210.8 167.1 
Total Other Operating Expense$472.9 $359.3 $299.1 
(1) FDIC Insurance Premiums include the $84.6 million FDIC special assessment for the year ended December 31, 2023. This line also reflects an initial base deposit insurance assessment rate increase which began in the first quarterly assessment period of 2023.

In November 2023, the FDIC issued a final rule to implement a special assessment to recoup losses to the Deposit Insurance Fund associated with bank failures in the first half of 2023. Under the final rule, the assessment base for the special assessment is equal to an insured depository institution’s estimated uninsured domestic office deposits reported as of December 31, 2022, adjusted to exclude the first $5 billion of uninsured domestic office deposits. The final rule provides that the FDIC will collect the special assessment at a quarterly rate of 3.36 basis points over eight quarterly assessment periods, subject to change depending on any adjustments to the loss estimate, mergers, failures, or amendments to reported estimates of uninsured deposits. In conjunction with the special assessment, $84.6 million was recognized as an accrued liability and related expense in the fourth quarter of 2023. The final rule becomes effective on April 1, 2024, and the first collection, including any adjustments as described above, will be reflected on the invoice for the first quarterly assessment period of 2024, with the first payment due on June 28, 2024.