Charles Schwab rejigs bond books as it braces for AOCI reintroduction

- By Lorenzo Migliorato
- 20 May 2022

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Charles Schwab moved $108.8 billion of debt securities from the available-for-sale (AFS) book to the held-to-maturity (HTM) pen at a $2.4 billion loss in January, as the dealer braced for the impending loss of the option to exclude mark-to-market swings from regulatory capital.

Since 2020, Charles Schwab has taken advantage of a Federal Reserve rule allowing less systemically important banks to permanently filter accumulated other comprehensive income (AOCI) – which primarily stems

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