Other assets

6 Months Ended

Jun. 30, 2015

Other Assets [Abstract]

Other assets

Note 17−Other assets

The caption of other assets in the consolidated statements of financial condition consists of the following major categories:

(In thousands)	June 30, 2015		December 31, 2014
Net deferred tax assets (net of valuation allowance)	$	1,286,086	$	812,819
Investments under the equity method		222,218		225,625
Prepaid FDIC insurance assessment		-		360
Prepaid taxes		201,504		198,120
Other prepaid expenses		80,993		83,719
Derivative assets		21,716		25,362
Trades receivable from brokers and counterparties		111,964		66,949
Others		260,426		233,489
Total other assets	$	2,184,907	$	1,646,443

Prepaid taxes at June 30,2015 and December 31, 2014 includes a payment of $45 million in income taxes in connection with the Closing Agreement signed with the Puerto Rico Department of Treasury on June 30, 2014.

As discussed in Note 36, the corporation recorded during the quarter ended June 30, 2015 a partial reversal of the valuation allowance on its deferred tax assets from its U.S. operations for approximately $545 million.