Other Assets

9 Months Ended

Sep. 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)	September 30, 2021		December 31, 2020
Securities borrowed(1)	$	26,643	$	18,330
Derivative instruments, net	7,565		5,804
Bank-owned life insurance	3,548		3,479
Investments in joint ventures and other unconsolidated entities	3,140		3,095
Collateral, net	1,348		2,616
Receivable for securities settlement	621		117
Right-of-use assets	612		720
Prepaid expenses	474		383
Accounts receivable	395		379
Income tax receivable	359		367
Deferred tax assets, net of valuation allowance(2)	196		233
Deposits with clearing organizations	62		58
Other(3)	988		929
Total	$	45,951	$	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 of $532 million and $460 million as of September 30, 2021 and December 31, 2020, respectively.