Other Assets (Tables)

3 Months Ended

Mar. 31, 2024

Other Assets [Abstract]

Components of Other Assets

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

(In millions)	March 31, 2024		December 31, 2023
Securities borrowed(1)	$	25,288	$	23,131
Derivative instruments, net	4,937		5,307
Bank-owned life insurance	3,770		3,742
Investments in joint ventures and other unconsolidated entities(2)	2,989		2,981
Collateral, net	2,518		2,983
Deferred tax assets, net of valuation allowance(3)	987		1,034
Right-of-use assets	831		805
Prepaid expenses	825		598
Accounts receivable	752		611
Receivable for securities settlement	297		1,082
Income taxes receivable	238		246
Deposits with clearing organizations	59		58
Other(4)	1,977		2,228
Total	$	45,468	$	44,806

(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 $192 million and $183 million as of March 31, 2024 and December 31, 2023, respectively. For the three months ended March 31, 2024, no 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 $886 million and $1.15 billion as of March 31, 2024 and December 31, 2023, respectivel