Other Assets (Tables)

12 Months Ended

Dec. 31, 2023

Other Assets [Abstract]

Components of Other Assets

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

(In millions)	December 31, 2023		December 31, 2022
Securities borrowed(1)	$	23,131	$	16,489
Derivative instruments, net	5,307		7,664
Bank-owned life insurance	3,742		3,649
Collateral, net	2,983		1,833
Investments in joint ventures and other unconsolidated entities(2)	2,981		3,245
Receivable for securities settlement	1,082		383
Deferred tax assets, net of valuation allowance(3)	1,034		1,127
Right-of-use assets	805		500
Accounts receivable	611		404
Prepaid expenses	598		558
Income taxes receivable	246		235
Deposits with clearing organizations	58		62
Other(4)	2,228		1,753
Total	$	44,806	$	37,902

(1) Refer to Note 11, 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 $183 million and $179 million as of December 31, 2023 and 2022, respectively. For the year ended December 31, 2023, $5 million of impairments 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 $1.15 billion and $1.20 billion as of December 31, 2023 and 2022, respectively.