Other Assets (Tables)

3 Months Ended

Mar. 31, 2021

Other Assets [Abstract]

Components of Other Assets

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

(In millions)	March 31, 2021		December 31, 2020
Securities borrowed(1)	$	24,773	$	18,330
Derivative instruments, net	8,170		5,804
Bank-owned life insurance	3,502		3,479
Investments in joint ventures and other unconsolidated entities	3,027		3,095
Collateral, net	1,639		2,713
Receivable for securities settlement	1,110		117
Right-of-use assets	632		720
Accounts receivable	468		379
Prepaid expenses	461		383
Income tax receivable	300		367
Deferred tax assets, net of valuation allowance(2)	221		233
Deposits with clearing organizations	58		58
Other	872		832
Total	$	45,233	$	36,510

(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.