Other Assets

6 Months Ended

Jun. 30, 2020

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



(In millions)	June 30, 2020		December 31, 2019
Securities borrowed⁽¹⁾	$	13,035	$	18,524
Derivative instruments, net	4,771		4,753
Bank-owned life insurance	3,442		3,395
Investments in joint ventures and other unconsolidated entities	2,696		2,899
Collateral, net	1,779		874
Receivable for securities settlement	1,368		336
Right-of-use assets	802		858
Accounts receivable	715		432
Prepaid expenses	446		395
Income taxes receivable	293		309
Deferred tax assets, net of valuation allowance⁽²⁾	199		216
Deposits with clearing organizations	58		58
Other⁽³⁾	891		962
Total	$	30,495	$	34,011

⁽¹⁾ Refer to Note 8, 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 $0.60 billion and $0.67 billion as of June 30, 2020 and December 31, 2019, respectively.