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Net Interest Income (Tables)
12 Months Ended
Dec. 31, 2014
Components of Net Interest Income

The components of net interest income were as follows:

 

TABLE 79: NET INTEREST INCOME              FOR THE YEAR ENDED DECEMBER 31,  
(In Millions)    2014        2013        2012  

Interest Income

                              

Loans and Leases

   $ 735.9         $ 743.1         $ 828.6   

Securities – Taxable

     274.9           237.2           250.6   

– Non-Taxable

     7.2           11.6           17.7   

Interest-Bearing Due from and Deposits with Banks (Note)

     127.6           142.1           176.4   

Federal Reserve Deposits and Other

     41.3           21.5           14.4   
                                

Total Interest Income

   $ 1,186.9         $ 1,155.5         $ 1,287.7   
                                

Interest Expense

                              

Deposits

   $ 81.7         $ 103.3         $ 156.7   

Federal Funds Purchased

     1.3           1.5           1.2   

Securities Sold under Agreements to Repurchase

     0.4           0.4           0.4   

Other Borrowings

     3.4           3.3           4.0   

Senior Notes

     54.7           74.4           72.0   

Long-Term Debt

     37.7           37.1           60.3   

Floating Rate Capital Debt

     2.2           2.4           2.8   
                                

Total Interest Expense

   $ 181.4         $ 222.4         $ 297.4   
                                

Net Interest Income

   $ 1,005.5         $ 933.1         $ 990.3   

 

(Note): 2014 interest income was earned on cash and due from banks of $1.7 billion and interest-bearing deposits with banks of $14.9 billion as of December 31, 2014.