Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Components of Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) are as follows:

	2021						2020
Three Months Ended September 30,	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Change in net unrealized gain (loss) on available for sale securities:
Net unrealized gain (loss)	$	(1,519)	$	364	$	(1,155)	$	97	$	(20)	$	77
Other reclassifications included in other revenue	—		—		—		(3)		1		(2)
Other comprehensive income (loss)	$	(1,519)	$	364	$	(1,155)	$	94	$	(19)	$	75

	2021						2020
Nine Months Ended September 30,	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Change in net unrealized gain (loss) on available for sale securities:
Net unrealized gain (loss)	$	(5,420)	$	1,289	$	(4,131)	$	7,361	$	(1,762)	$	5,599
Other reclassifications included in other revenue	(14)		4		(10)		(3)		1		(2)
Other	—		—		—		1		—		1
Other comprehensive income (loss)	$	(5,434)	$	1,293	$	(4,141)	$	7,359	$	(1,761)	$	5,598

Accumulated Other Comprehensive Income Balances

AOCI balances are as follows:

	Total AOCI
Balance at June 30, 2020	$	5,611
Available for sale securities:
Net unrealized gain (loss), excluding transfers to available for sale from held to maturity	77
Other reclassifications included in other revenue	(2)
Balance at September 30, 2020	$	5,686
Balance at June 30, 2021	$	2,408
Available for sale securities:
Net unrealized gain (loss)	(1,155)
Balance at September 30, 2021	$	1,253

	Total AOCI
Balance at December 31, 2019	$	88
Available for sale securities:
Net unrealized gain (loss), excluding transfers to available for sale from held to maturity	4,542
Net unrealized gain on securities transferred to available for sale from held to maturity (1)	1,057
Other reclassifications included in other revenue	(2)
Other	1
Balance at September 30, 2020	$	5,686
Balance at December 31, 2020	$	5,394
Available for sale securities:
Net unrealized gain (loss)	(4,131)
Other reclassifications included in other revenue	(10)
Balance at September 30, 2021	$	1,253

(1) On January 1, 2020, the Company transferred all of its investment securities designated as HTM to the AFS category. The transfer resulted in a net of tax increase to AOCI of $1.1 billion. See Note 6 in the 2020 Form 10-K for additional discussion on the 2020 transfer of HTM securities to AFS.