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Other Assets
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets OTHER ASSETS
The following table includes the components of other assets. The increases from December 31, 2021 primarily reflect the other assets acquired in the CIT Merger.

Other Assets
dollars in millionsDecember 31, 2022December 31, 2021
Affordable housing tax credit and other unconsolidated investments (1)
$762 $169 
Income tax receivable275 799 
Bank-owned life insurance (2)
586 116 
Right of use assets for operating leases, net345 64 
Pension assets343 289 
Accrued interest receivable329 134 
Counterparty receivables98 — 
Federal Home Loan Bank stock197 40 
Fair value of derivative financial instruments159 3 
Nonmarketable equity securities58 1 
Other real estate owned47 40 
Mortgage servicing assets25 23 
Other (2)
1,145 177 
Total other assets$4,369 $1,855 
(1) Refer to Note 12 – Variable Interest Entities for additional information.
(2) In December of 2022, BancShares made the strategic decision to surrender $1.25 billion of BOLI policies. The balance sheet treatment at December 31, 2022 for the surrendered BOLI policies is as follows: $483 million is in BOLI as these policies had not terminated or cash-settled; $607 million is in “Other” as these policies had terminated, but not cash-settled; and $157 million of these policies had terminated and cash-settled.