Accumulated Other Comprehensive Income

9 Months Ended

Sep. 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 June 30, 2022	$	(16,022)
Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $(2,286)	(7,207)

Other reclassifications included in other revenue, net of tax expense (benefit) of $4	12
Held to maturity securities:
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $18	65

Balance at September 30, 2022	$	(23,152)

Balance at June 30, 2023	$	(20,730)
Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $(182)	(538)
Other reclassifications included in other revenue, net of tax expense (benefit) of $6	18
Held to maturity securities:
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $147	498

Balance at September 30, 2023	$	(20,752)


	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 $(7,027)	(22,272)
Net unrealized loss on securities transferred to held to maturity, net of tax benefit of $579	1,850
Other reclassifications included in other revenue (1)	(1)
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 $67	230

Balance at September 30, 2022	$	(23,152)

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

Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $79	367

Other reclassifications included in other revenue, net of tax expense (benefit) of $11	33
Held to maturity securities:

Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $420	1,476
Other, net of tax expense (benefit) of $(2)	(7)
Balance at September 30, 2023	$	(20,752)

(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 September 30, 2023, the total remaining unamortized loss on these securities transferred to HTM included in AOCI was $11.8 billion net of tax effect ($15.6 billion pre-tax). See Note 4 for additional discussion on the 2022 transfers of AFS securities to HTM.