Other Assets

6 Months Ended

Jun. 30, 2021

Other Assets [Abstract]

Other Assets

Other Assets

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

(In millions)	June 30, 2021		December 31, 2020
Securities borrowed(1)	$	24,690	$	18,330
Derivative instruments, net	7,848		5,804
Bank-owned life insurance	3,525		3,479
Investments in joint ventures and other unconsolidated entities	3,214		3,095
Collateral, net	1,328		2,616
Receivable for securities settlement	1,102		117
Right-of-use assets	622		720
Prepaid expenses	447		383
Income tax receivable	314		367
Accounts receivable	262		379
Deferred tax assets, net of valuation allowance(2)	212		233
Deposits with clearing organizations	62		58
Other(3)	1,846		929
Total	$	45,472	$	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.

(3) Consists primarily of Advances for $1,411 million and $460 million as of June 30, 2021 and December 31, 2020, respectively.