“As I said earlier, we'll probably pay down a little bit more there. You're likely to see us in the lower end of that supplemental borrowing range that I provided earlier.”

In context

“e's a significant inflection in the business here now that you're done sort of paying down the -- predominantly done paying down the high cost. Your organic growth is great. Cash is building a little bit. So how should we think about the interplay between interest earning asset growth and capital return, clearly bought back a ton of stock this quarter off to a good start relative to the $20 billion. Just trying to think through where you are strategically thinking about driving the balance sheet growth versus maybe more sustained capital return to investors? Michael Verdeschi: Thank you. This year, yes, as we have talked about with the paydown of supplemental borrowings, interest-earning assets, probably coming down modestly. Now that we've paid down the vast majority of those borrowings. As I said earlier, we'll probably pay down a little bit more there. You're likely to see us in the lower end of that supplemental borrowing range that I provided earlier. Over the course of next year, I think it will be more about the growth of our client borrowing needs. So we've seen good momentum in lending in the range of environments, we would expect that to continue. But again, I think that would be reasonably modest growth of interest-earning assets. Again, we'll come back to you with a scenario that's more specific. But on the capital side, we also feel very good in this environment where we've been -- over the course of the year, we've been able to return capital across our framework. And as we've said before, that's an important part of our financial story. We're generating very good earnings that's building capital for us. And so we continue to be in a very flexible position to generate good earnings to meet the needs of our clients while being”