Other Assets (Tables)

9 Months Ended

Sep. 30, 2020

Other Assets [Abstract]

Components of Other Assets

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

(In millions)	September 30, 2020		December 31, 2019
Securities borrowed(1)	$	13,886	$	18,524
Derivative instruments, net	5,715		4,753
Bank-owned life insurance	3,459		3,395
Investments in joint ventures and other unconsolidated entities	3,186		2,899
Collateral, net	2,176		874
Right-of-use assets	789		858
Prepaid expenses	411		395
Accounts receivable	377		432
Receivable for securities settlement	273		336
Income taxes receivable	267		309
Deferred tax assets, net of valuation allowance(2)	199		216
Deposits with clearing organizations	118		58
Other(3)	1,205		962
Total	$	32,061	$	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 of $0.90 billion and $0.67 billion as of September 30, 2020 and December 31, 2019, respectively.