Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2023

AOCI represents cumulative gains and losses that are not reflected in earnings. AOCI balances and the components of other comprehensive income (loss) are as follows:


	Total AOCI
Balance at March 31, 2022	$	(11,045)
Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $(1,604)	(5,067)

Other reclassifications included in other revenue, net of tax expense (benefit) of $(1)	(4)
Held to maturity securities:
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $28	94

Balance at June 30, 2022	$	(16,022)

Balance at March 31, 2023	$	(20,690)
Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $(160)	(523)
Other reclassifications included in other revenue, net of tax expense (benefit) of $3	8
Held to maturity securities:
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $166	476
Other (1)	(1)
Balance at June 30, 2023	$	(20,730)


	Total AOCI
Balance at December 31, 2021	$	(1,109)

Available for sale securities:
Net unrealized gain (loss), excluding transfers to held to maturity, net of tax expense (benefit) of $(4,741)	(15,065)
Net unrealized loss on securities transferred to held to maturity, net of tax benefit of $579	1,850
Other reclassifications included in other revenue, net of tax expense (benefit) of $(4)	(13)
Held to maturity securities:
Net unrealized loss on securities transferred from available for sale, net of tax benefit of $579	(1,850)
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $49	165

Balance at June 30, 2022	$	(16,022)

Balance at December 31, 2022	$	(22,621)

Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $261	905

Other reclassifications included in other revenue, net of tax expense (benefit) of $5	15
Held to maturity securities:

Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $273	978
Other, net of tax expense (benefit) of $(2)	(7)
Balance at June 30, 2023	$	(20,730)

(1) Tax expense (benefit) was less than $1 million.

In 2022, the Company transferred a portion of its AFS securities to the HTM category. As of June 30, 2023, the total remaining unamortized loss on these securities transferred to HTM included in AOCI was $12.3 billion net of tax effect ($16.3 billion pretax). See Note 4 for additional discussion on the 2022 transfers of AFS securities to HTM.