Other assets (Tables)

12 Months Ended

Dec. 31, 2016

Other Assets [Abstract]

Other Assets

Other assets	Dec. 31,
(in millions)	2016		2015
Corporate/bank-owned life insurance	$	4,789	$	4,704
Accounts receivable	4,060		3,535
Fails to deliver	1,732		1,494
Software	1,451		1,355
Renewable energy investments	1,282		640
Income taxes receivable	1,172		1,554
Equity in a joint venture and other investments	1,063		1,039
Tax advantaged low income housing investments	914		918
Prepaid pension assets	836		727
Fair value of hedging derivatives	784		716
Federal Reserve Bank stock	466		453
Prepaid expenses	438		464
Seed capital	395		245
Due from customers on acceptances	340		258
Private equity	43		34
Other	1,189		1,490
Total other assets	$	20,954	$	19,626

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
	Dec. 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)	$	171		$	1	Daily-quarterly	1-180 days	$	83		$	1	Daily-quarterly	1-180 days
Private equity investments (SBICs) (b)	43			46		N/A	N/A	34			58		N/A	N/A
Total	$	214		$	47			$	117		$	59

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

(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 are liquidated.