v3.26.1
Other assets
 6 Months Ended
Jun. 30, 2026
Other Assets [Abstract]  
Other assets Other assets
The following table provides the components of other assets presented on the consolidated balance sheet.

Other assetsJune 30, 2026Dec. 31, 2025
(in millions)
Corporate/bank-owned life insurance$5,623 $5,647 
Accounts receivable (a)
5,309 4,829 
Fails to deliver4,080 1,197 
Tax credit investments3,055 3,151 
Software2,733 2,707 
Prepaid pension assets2,605 2,361 
Assets of consolidated investment management funds1,136 864 
Prepaid expense1,066 854 
Equity method investments932 953 
Other equity investments (b)
806 701 
Fair value of hedging derivatives572 358 
Cash collateral receivable on derivative transactions543 474 
Federal Reserve Bank stock493 484 
Seed capital (c)
166 207 
Income taxes receivable149 554 
Other (d)
1,730 1,099 
Total other assets$30,998 $26,440 
(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 June 30, 2026 and Dec. 31, 2025, other assets include $58 million and $57 million, respectively, of Federal Home Loan Bank stock, at cost.
Non-readily marketable equity securities

Non-readily marketable equity securities do not have readily determinable fair values. These investments are valued using a measurement alternative where the investments are carried at cost, less any impairment, and plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The observable price changes are recorded in investment and other revenue on the consolidated income statement. Our non-readily marketable equity securities totaled $531 million at June 30, 2026 and $438 million at Dec. 31, 2025, and are included in other equity investments in the table above.
The following table presents the adjustments to the non-readily marketable equity securities.

Adjustments on non-readily marketable equity securitiesLife-to-
date
(in millions)2Q262Q25YTD26YTD25
Upward adjustments$9 $18 $35 $30 $403 
Downward adjustments— (1)— (1)(102)
Net adjustments$9 $17 $35 $29 $301 
Tax credit investments

BNY invests in or provides funding to affordable housing and renewable energy projects that are designed to generate an after-tax return, primarily through the realization of income tax credits and other income tax benefits, and in certain cases, cash distributions based on the operations of the project. Using the proportional amortization method, the cost of these investments is amortized in proportion to the income tax credits and other income tax benefits received. The net amortization and income tax credits and other income tax benefits are recognized in the consolidated income statement as a component of the provision for income taxes. Our tax credit investments totaled $3.1 billion at June 30, 2026 and $3.2 billion at Dec. 31, 2025 and are included in other assets on the consolidated balance sheet.

Commitments to fund future investments totaled $880 million at June 30, 2026 and $946 million at Dec. 31, 2025 and are recorded in other liabilities on the consolidated balance sheet. At June 30, 2026, a majority of the commitments are expected to be funded over the next five years.

The table below presents the amortization and income tax credits and other income tax benefits related to our tax credit investments.

(in millions)2Q262Q25YTD26YTD25
Tax credits and other tax benefits$146 $134 $282 $276 
Amortization expense$125 $115 $247 $241 
Investments valued using net asset value (“NAV”) per share

In our Investment and Wealth Management business segment, we make seed capital investments in certain funds we manage. We also hold private equity investments, primarily small business investment companies (“SBICs”), which are compliant with the Volcker Rule, and certain other corporate investments. Seed capital, private equity and other corporate investments are included in other assets on the consolidated balance sheet. The fair value of certain of these investments was estimated using the NAV per share for our ownership interest in the funds.

The table below presents information on our investments valued using NAV.

Investments valued using NAVJune 30, 2026Dec. 31, 2025
(in millions)Fair valueUnfunded 
commitments		Fair valueUnfunded
commitments
Seed capital (a)
$9 $— $6 $— 
Private equity investments (b)
140 93 139 75 
Other 5 — 10 — 
Total$154 $93 $155 $75 
(a)    Seed capital investments at June 30, 2026 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.