Does IP Store IP Address in Database?

I was just dealing with an integration and noticed that WP doesn’t seem to store IP Address information about a user registration in the database. Am I missing something here? That’s probably one of the most important items I’d want to keep for security purposes (among many other useful functions such as banning) and is standard in virtually any software I know. Hopefully it’s just late and I can’t find where it’s stored. ??