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Other assets (Tables)
 9 Months Ended
Sep. 30, 2025
Other Assets [Abstract]  
Summary of Other Assets Presented on the Consolidated Balance Sheet
The following table provides the components of other assets presented on the consolidated balance sheet.

Other assetsSept. 30, 2025Dec. 31, 2024
(in millions)
Corporate/bank-owned life insurance$5,606 $5,552 
Accounts receivable (a)
5,183 4,931 
Fails to deliver3,406 1,292 
Tax credit investments2,888 2,821 
Software2,700 2,676 
Prepaid pension assets2,350 2,035 
Equity method investments928 852 
Prepaid expense833 736 
Assets of consolidated investment management funds826 891 
Other equity investments (b)
747 679 
Federal Reserve Bank stock489 478 
Income taxes receivable444 255 
Cash collateral receivable on derivative transactions385 292 
Fair value of hedging derivatives328 781 
Seed capital (c)
195 196 
Other (d)
1,033 1,223 
Total other assets$28,341 $25,690 
(a)     Includes receivables for securities sold or matured that have not yet settled.
(b)    Includes strategic equity, private equity and other investments.
(c)    Includes investments in BNY funds that hedge deferred incentive awards.
(d)    At Sept. 30, 2025 and Dec. 31, 2024, other assets include $57 million and $57 million, respectively, of Federal Home Loan Bank stock, at cost.
Equity Securities without Readily Determinable Fair Value
The following table presents the adjustments on the non-readily marketable equity securities.

Adjustments on non-readily marketable equity securitiesLife-to-
date
(in millions)3Q252Q253Q24YTD25YTD24
Upward adjustments$2 $18 $— $32 $1 $368 
Downward adjustments— (1)— (1)— (56)
Net adjustments$2 $17 $— $31 $1 $312 
Summary of Investments Valued Using NAV
The table below presents information on our investments valued using NAV.

Investments valued using NAVSept. 30, 2025Dec. 31, 2024
(in millions)Fair valueUnfunded 
commitments		Fair valueUnfunded
commitments
Seed capital (a)
$7 $— $7 $— 
Private equity investments (b)
138 82 137 59 
Other 9 — 8 — 
Total$154 $82 $152 $59 
(a)    Seed capital investments at Sept. 30, 2025 are generally redeemable on request. Distributions are received as the underlying investments in the funds, which have redemption notice periods of up to seven days, are liquidated.
(b)    Private equity investments primarily include Volcker Rule-compliant investments in SBICs that invest in various sectors of the economy. Private equity investments do not have redemption rights. Distributions from such investments will be received as the underlying investments in the private equity investments, which have a life of 10 years, are liquidated.