Other Assets (Tables)

9 Months Ended

Sep. 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)	September 30, 2022		December 31, 2021
Securities borrowed(1)	$	16,891	$	22,300
Derivative instruments, net	11,184		4,108
Bank-owned life insurance	3,628		3,554
Investments in joint ventures and other unconsolidated entities(2)	3,250		3,162
Collateral, net	2,703		1,011
Deferred tax assets, net of valuation allowance(3)	1,083		254
Receivable for securities settlement	1,021		213
Prepaid expenses	642		612
Right-of-use assets	478		542
Accounts receivable	418		236
Income taxes receivable	161		317
Deposits with clearing organizations	62		62
Other(4)	1,145		1,244
Total	$	42,666	$	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 $174 million and $109 million as of September 30, 2022 and December 31, 2021, respectively. For the three months ended September 30, 2022, there were no upward adjustments resulting from observable pricing changes that 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 $740 million and $544 million as of September 30, 2022 and December 31, 2021, respectively.