Other Assets (Tables)

3 Months Ended

Mar. 31, 2016

Other Assets [Abstract]

Other Assets

Other assets	March 31,		Dec. 31,
(in millions)	2016		2015
Corporate/bank-owned life insurance	$	4,722	$	4,704
Accounts receivable	4,548		3,535
Equity in joint venture and other investments (a)	3,328		3,329
Fails to deliver	1,440		1,494
Income taxes receivable	1,415		1,554
Software	1,363		1,355
Fair value of hedging derivatives	949		716
Prepaid pension assets	766		727
Prepaid expenses	519		464
Due from customers on acceptances	234		258
Other	1,023		1,490
Total other assets	$	20,307	$	19,626

(a) Includes Federal Reserve Bank stock of $454 million and $453 million, respectively, at cost.

Seed Capital and Private Equity Investments Valued Using Net Asset Value

The table below presents information about BNY Mellon’s investments in seed capital and private equity investments that have been valued using NAV.

Seed capital and private equity investments valued using NAV
	March 31, 2016							Dec. 31, 2015
(dollar amountsin millions)	Fair value		Unfunded  commitments			Redemption  frequency	Redemption  notice period	Fair value		Unfunded commitments			Redemption  frequency	Redemption  notice period
Seed capital and other funds (a)	$	71		$	1	Daily-quarterly	1-180 days	$	83		$	1	Daily-quarterly	1-180 days
Private equity investments (SBICs) (b)	38			58		N/A	N/A	34			58		N/A	N/A
Total	$	109		$	59			$	117		$	59

(a) Other funds include various leveraged loans, structured credit funds and hedge funds. Redemption notice periods vary by fund.

(b) Private equity funds primarily include Volcker Rule-compliant investments in SBICs that invest in various sectors of the economy. Private equity funds do not have redemption rights. Distributions from such funds will be received as the underlying investments in the funds are liquidated.

N/A - Not applicable.