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Other Assets
 12 Months Ended
Dec. 31, 2024
Other Assets [Abstract]  
Other Assets Other Assets
The following table presents the components of other assets as of the dates indicated:
(In millions)December 31, 2024December 31, 2023
Securities borrowed(1)
$37,451 $23,131 
Derivative instruments, net11,183 5,307 
Bank-owned life insurance3,856 3,742 
Investments in joint ventures and other unconsolidated entities(2)
3,317 2,981 
Collateral, net3,216 2,983 
Right-of-use assets818 805 
Prepaid expenses738 598 
Deferred tax assets, net of valuation allowance(3)
701 1,034 
Accounts receivable504 611 
Income taxes receivable144 246 
Receivable for securities settlement57 1,082 
Other(4)
2,529 2,286 
Total$64,514 $44,806 
(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 $341 million and $183 million as of December 31, 2024 and 2023, respectively. For the year ended December 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 $1.04 billion and $1.15 billion as of December 31, 2024 and 2023, respectively.