Other Assets

3 Months Ended

Mar. 31, 2020

The following table presents the components of other assets as of the dates indicated:



(In millions)	March 31, 2020		December 31, 2019
Securities borrowed⁽¹⁾	$	12,585	$	18,524
Derivative instruments, net	9,713		4,753
Bank-owned life insurance	3,418		3,395
Investments in joint ventures and other unconsolidated entities	2,837		2,899
Collateral, net	2,729		874
Receivable for securities settlement	1,951		336
Right-of-use assets	815		858
Accounts receivable	706		432
Prepaid expenses	452		395
Deferred tax assets, net of valuation allowance⁽²⁾	206		216
Income taxes receivable	136		309
Deposits with clearing organizations	58		58
Other⁽³⁾	1,294		962
Total	$	36,900	$	34,011

⁽¹⁾ Refer to Note 9, for further information on the impact of collateral on our financial statement presentation of securities borrowing and securities lending transactions.

⁽²⁾Deferred tax assets and liabilities recorded in our consolidated statement of condition are netted within the same tax jurisdiction.

⁽³⁾ Consists primarily of advances for $1.07 billion and $0.67 billion as of March 31, 2020 and December 31, 2019, respectively.