STATE STREET CORP | 2013 | FY | 3


Other Assets
The following table presents the components of other assets as of December 31:
(In millions)
2013
 
2012
Collateral deposits, net
$
13,706

 
$
7,649

Unrealized gains on derivative financial instruments, net
5,476

 
4,556

Bank-owned life insurance(1)
2,343

 
2,000

Investments in joint ventures and other unconsolidated entities
1,644

 
1,405

Accounts receivable
950

 
511

Income taxes receivable
337

 
252

Prepaid expenses
286

 
267

Deferred tax assets, net of valuation allowance(2)
263

 
353

Receivable for securities settlement
195

 
33

Deposits with clearing organizations
177

 
174

Other(3)
613

 
816

Total
$
25,990

 
$
18,016

 
 
 
 

(1) 
Represented the cash surrender values of a bankruptcy-remote, separate-account policy, and a general-account policy, both composed of aggregate life insurance coverage purchased by State Street Bank on certain of its employees, where State Street Bank is the sole beneficiary. The separate account mainly included cash and highly-rated investment securities carried at fair value.
(2) 
Deferred tax assets and liabilities recorded in our consolidated statement of condition are netted within the same tax jurisdiction. Gross deferred tax assets and liabilities are presented in note 23.
(3) 
Included other real estate owned of approximately $59 million and $65 million as of December 31, 2013 and December 31, 2012, respectively.

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