Other Assets

3 Months Ended

Mar. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

OTHER ASSETS

The below table reflects the impact of approximately $2.18 billion of miscellaneous assets acquired in conjunction with the SVBB Acquisition. These consisted primarily of affordable housing tax credit investments, accrued interest receivable, derivative assets, and other miscellaneous assets. Refer to Note 2 — Business Combinations for further discussion. The following table includes the components of other assets:

Other Assets

dollars in millions	March 31, 2023		December 31, 2022
Affordable housing tax credit and other unconsolidated investments (1)	$	1,869	$	762
Right of use assets for operating leases, net	337		345
Pension assets	359		343
Accrued interest receivable	772		329
Income tax receivable	284		275
Federal Home Loan Bank stock	393		197
Fair value of derivative financial instruments	547		159
Bank-owned life insurance	530		586
Counterparty receivables	171		98
Nonmarketable equity securities	62		58
Other real estate owned	46		47
Mortgage servicing assets	25		25
Other (2)	2,055		1,145
Total other assets	$	7,450	$	4,369

(1) Refer to Note 8 — Variable Interest Entities for additional information.

(2) The balances at March 31, 2023 and December 31, 2022 include $428 million and $607 million, respectively, in “Other” related to bank-owned life insurance policies that had terminated, but not cash-settled as further discussed in the 2022 Form 10-K.