Other Assets

9 Months Ended

Sep. 30, 2024

Other Assets [Abstract]

Other Assets

Other Assets

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

(In millions)	September 30, 2024		December 31, 2023
Securities borrowed(1)	$	35,147	$	23,131
Derivative instruments, net	4,355		5,307
Bank-owned life insurance	3,826		3,742
Collateral, net	3,436		2,983
Investments in joint ventures and other unconsolidated entities(2)	3,163		2,981
Right-of-use assets	865		805
Prepaid expenses	839		598
Deferred tax assets, net of valuation allowance(3)	768		1,034
Receivable for securities settlement	628		1,082
Accounts receivable	574		611
Income taxes receivable	244		246
Deposits with clearing organizations	63		58
Other(4)	2,340		2,228
Total	$	56,248	$	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 $200 million and $183 million as of September 30, 2024 and December 31, 2023, respectively. For the nine months ended September 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 $1.11 billion and $1.15 billion as of September 30, 2024 and December 31, 2023, respectively.