Other assets |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Assets Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | Note 19 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories:
Prepaid taxes at December 31, 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 42, the corporation recorded during the year ended December 31, 2015 a partial reversal of the valuation allowance on its deferred tax assets from its U.S. operations for approximately $589 million. |