“We do think that a large majority of the deposit outflows will be behind us by year-end.”

In context

“p to about $72 million in 3Q versus 38% in the second quarter. I guess how should we think about that book as more of a matched book with a spread sort of contained in that area? Or actually, is that poised to dramatically rise in the next couple of quarters? Emily Portney: Yes, I think on that particular question, I think it's just best to follow up specifically with IR. If you're asking more specifically about the kind of the outlook for NIR, which is kind of the broader-based question, based on the forward curve that we see today, we would probably expect some growth from our Q4 exit rate. And just to kind of talk a bit about the drivers there. Of course, as I mentioned earlier, we expect central banks to continue to increase rates and the probably remain elevated for most of the year. We do think that a large majority of the deposit outflows will be behind us by year-end. And again, that's largely because our client base is institutional more rate sensitive rate, sensitive than sensitive to the size of the balance sheet. We could have a little bit more runoff, but we do expect also some organic growth NIBs, as I've already talked about, and marginal betas will increase. So, all of those factors just are kind of coming into the fact that we would expect some growth from our fourth quarter exit rates. Of course, lots of uncertainties. Brian Bedell: That's great color. And maybe if I can pivot to the organic growth initiatives that you talked about in your prepared remarks, Robin, maybe if you could just focus on real-time payments. You've talked a lot about Pershing X recently and, of course, the digital platform. But maybe just if you can talk a little bit”