NOTE 9 - OTHER ASSETS

The components of other assets are presented in the following table:



(Dollars in millions)	June 30, 2018		December 31, 2017
Non-trading equity securities:
Marketable equity securities:
Mutual fund investments ¹		$95		$49
Other equity ^{1, 2}	31		7
Nonmarketable equity securities:
Federal Reserve Bank stock¹	403		403
FHLB stock ¹	90		15
Other equity ²	42		26
Lease assets	1,705		1,528
Tax credit investments ³	1,434		1,272
Bank-owned life insurance	1,409		1,411
Accrued income	995		880
Accounts receivable	860		2,201
Pension assets, net	497		464
Prepaid expenses	257		319
OREO	53		57
Other	921		786
Total other assets		$8,792		$9,418

¹Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities available for sale to Other assets on the Consolidated Balance Sheets. Reclassifications have been made to previously reported amounts for comparability.

² During the second quarter of 2018, the Company reclassified $22 million of equity securities from nonmarketable to marketable equity securities due to newly available, readily determinable fair value information observed in active markets.

³ See Note 10, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

Equity Securities Not Classified as Trading Assets or Liabilities

Equity securities with readily determinable fair values (marketable) that are not held for trading purposes are recorded at fair value and include mutual fund investments and other publicly traded equity securities.

Equity securities without readily determinable fair values (nonmarketable) that are not held for trading purposes include Federal Reserve Bank of Atlanta and FHLB of Atlanta capital stock, both held at cost, as well as other equity securities that the Company elected to account for under the measurement alternative, pursuant to its adoption of ASU 2016-01 on January 1, 2018. See the “Equity Securities” and “Accounting Pronouncements” sections of Note 1, “Significant Accounting Policies,” for additional information on the Company's adoption of ASU 2016-01 and for policy updates related to equity securities.

The following table summarizes net gains/(losses) for equity securities not classified as trading assets:



(Dollars in millions)	Three Months Ended June 30, 2018		Six Months Ended June 30, 2018
Net gains from marketable equity securities ¹		$13		$14
Net gains/(losses) from nonmarketable equity securities:
Remeasurement losses and impairment	—		—
Remeasurement gains ¹	—		23
Less: Net realized gains from sale	—		—
Total net unrealized gains from non-trading equity securities		$13		$37

¹Recognized in Other noninterest income in the Company's Consolidated Statements of Income.

Lease Assets

Lease assets consist primarily of operating leases in which the Company is the lessor. In these scenarios, the Company leases assets and receives periodic rental payments. Depreciation on the leased asset is recognized over the term of the operating lease. Any impairment on the leased asset is recognized to the extent that the carrying value of the asset is not recoverable and is greater than its fair value.

Bank-Owned Life Insurance

Bank-owned life insurance consists of life insurance policies held on certain employees for which the Company is the beneficiary. These policies provide the Company an efficient form of funding for retirement and other employee benefits costs.

Pension Assets

Pension assets (net) represent the funded status of the Company's overfunded pension and other postretirement benefits plans, measured as the difference between the fair value of plan assets and the benefit obligation at period end.