Other Assets (Tables)

6 Months Ended

Jun. 30, 2022

Other Assets [Abstract]

Components of Other Assets

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

(In millions)	June 30, 2022		December 31, 2021
Securities borrowed(1)	$	18,194	$	22,300
Derivative instruments, net	9,476		4,108
Bank-owned life insurance	3,605		3,554
Investments in joint ventures and other unconsolidated entities (2)	3,256		3,162
Collateral, net	1,691		1,011
Receivable for securities settlement	1,083		213
Deferred tax assets, net of valuation allowance(3)	1,027		254
Prepaid expenses	705		612
Right-of-use assets	501		542
Accounts receivable	464		236
Income taxes receivable	326		317
Deposits with clearing organizations	62		62
Other(4)	1,080		1,244
Total	$	41,470	$	37,615

(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) Includes equity securities without readily determinable fair values that are accounted for under the ASC 321 measurement alternative of $177 million and $109 million as of June 30, 2022 and December 31, 2021, respectively. For the three months ended June 30, 2022, there were no upward adjustments resulting from observable prices changes were recognized in other fee revenue related to such equity securities

(3) Deferred tax assets and liabilities recorded in our consolidated statement of condition are netted within the same tax jurisdiction.

(4) Includes advances of $677 million and $544 million as of June 30, 2022 and December 31, 2021, respectively.