v3.25.2
Other Assets
 6 Months Ended
Jun. 30, 2025
Other Assets [Abstract]  
Other Assets Other Assets
The following table presents the components of other assets as of the dates indicated:
(In millions)June 30, 2025December 31, 2024
Securities borrowed(1)
$39,952 $37,451 
Derivative instruments, net9,475 11,183 
Bank-owned life insurance3,911 3,856 
Collateral, net3,710 3,216 
Investments in joint ventures and other unconsolidated entities(2)
3,342 3,317 
Right-of-use assets875 818 
Prepaid expenses866 738 
Deferred tax assets, net of valuation allowance(3)
691 701 
Receivable for securities settlement431 57 
Income taxes receivable416 144 
Accounts receivable294 504 
Other(4)
3,381 2,529 
Total$67,344 $64,514 
(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 $456 million and $341 million as of June 30, 2025 and December 31, 2024, respectively. For the six months ended June 30, 2025, 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 $1.77 billion and $1.04 billion as of June 30, 2025 and December 31, 2024, respectively.