v3.25.3
Other Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Other Assets [Abstract]  
Components of Other Assets
The following table presents the components of other assets as of the dates indicated:
(In millions)September 30, 2025December 31, 2024
Securities borrowed(1)
$42,056 $37,451 
Bank-owned life insurance3,932 3,856 
Derivative instruments, net3,554 11,183 
Investments in joint ventures and other unconsolidated entities(2)
3,343 3,317 
Collateral, net1,889 3,216 
Prepaid expenses939 738 
Right-of-use assets864 818 
Deferred tax assets, net of valuation allowance(3)
648 701 
Accounts receivable550 504 
Receivable for securities settlement294 57 
Income taxes receivable291 144 
Other(4)
3,421 2,529 
Total$61,781 $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 $479 million and $341 million as of September 30, 2025 and December 31, 2024, respectively. For the nine months ended September 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 $1.66 billion and $1.04 billion as of September 30, 2025 and December 31, 2024, respectively.