Expenses The following table presents the components of other expenses for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | (In millions) | 2025 | | 2024 | | 2025 | | 2024 | | | Professional services | $ | 107 | | | $ | 111 | | | $ | 217 | | | $ | 221 | | | | Sales advertising and public relations | 39 | | | 34 | | | 64 | | | 59 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Securities processing | 15 | | | 19 | | | 19 | | | 27 | | | | | | | | | | | | | | Bank operations | 14 | | | 14 | | | 27 | | | 22 | | | | Regulatory fees and assessments(1) | 13 | | | 9 | | | 26 | | | 150 | | | | Donations | 8 | | | 1 | | | 12 | | | 26 | | | | | | | | | | | | | | Other | 109 | | | 112 | | | 216 | | | 213 | | | | | | | | | | | | | | Total other expenses | $ | 305 | | | $ | 300 | | | $ | 581 | | | $ | 718 | | | | | | | | | | | | | |
(1) First quarter of 2024 other expenses included a $130 million increase to the FDIC special assessment recorded in the fourth quarter of 2023, primarily related to the increase to the FDIC’s estimate of losses to the DIF associated with the closures of SVB and Signature Bank. Repositioning Charges In the three months ended June 30, 2025, we recorded a repositioning charge of $100 million related to compensation and employee benefits primarily from workforce rationalization. The following table presents aggregate activity for repositioning charges for the periods indicated: | | | | | | | | | | | | | | | | | | (In millions) | Employee Related Costs | | Real Estate Actions | | Total | Accrual Balance at December 31, 2023 | $ | 207 | | | $ | 1 | | | $ | 208 | | | | | | | | Payments and other adjustments | (19) | | | — | | | (19) | | Accrual Balance at March 31, 2024 | 188 | | | 1 | | | 189 | | | | | | | | Payments and other adjustments | (37) | | | — | | | (37) | | Accrual Balance at June 30, 2024 | $ | 151 | | | $ | 1 | | | $ | 152 | | | | | | | | | | | | | | | | | | | | | | | | | | Accrual Balance at December 31, 2024 | $ | 96 | | | $ | — | | | $ | 96 | | | | | | | | Payments and other adjustments | (14) | | | — | | | (14) | | Accrual Balance at March 31, 2025 | 82 | | | — | | | 82 | | Accruals for repositioning charges | 100 | | | — | | | 100 | | Payments and other adjustments | (19) | | | — | | | (19) | | Accrual Balance at June 30, 2025 | $ | 163 | | | $ | — | | | $ | 163 | | | | | | | | | | | | | | | | | | | | | | | | | |
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