Other Assets (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024		December 31, 2023
Securities borrowed(1)	$	31,302	$	23,131
Derivative instruments, net	5,875		5,307
Bank-owned life insurance	3,794		3,742
Investments in joint ventures and other unconsolidated entities(2)	3,043		2,981
Collateral, net	2,594		2,983
Deferred tax assets, net of valuation allowance(3)	960		1,034
Right-of-use assets	836		805
Prepaid expenses	788		598
Receivable for securities settlement	685		1,082
Accounts receivable	452		611
Income taxes receivable	209		246
Deposits with clearing organizations	63		58
Other(4)	2,497		2,228
Total	$	53,098	$	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 $196 million and $183 million as of June 30, 2024 and December 31, 2023, respectively. For the six months ended June 30, 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 $1.32 billion and $1.15 billion as of June 30, 2024 and December 31, 2023, respectively.