“if you look at our AFS AOCI, about 40% of that will pull to par between now and the end of '24.”

In context

“go away at some point? Andrew Young: Well, as I said in my talking points, Sanjay, I think that is something that we do expect to remain at least elevated compared to pre-pandemic levels. So yes, I would -- that's probably where I would leave that. Sanjay Sakhrani: Okay. And then secondly, just the comments on capital levels and capital return. Should we assume like you're going to maintain CET1 inclusive of sort of AOCI or work your way up to that level and then consider any moves with capital return? Or maybe you can just help us think through how we should read into some of your comments there. And then -- at what rate does AOCI accrete over the course of the year? Just would love to get some color on that. Andrew Young: Yes. Why don't I start with the second one first, which is -- if you look at our AFS AOCI, about 40% of that will pull to par between now and the end of '24. In terms of capital targets, I absolutely would not say it's a mechanical linkage that we are thinking about our capital targets inclusive of AOCI. There's a lot of uncertainty of regulatory treatment. It is not included in our regulatory ratios at this point. I just referenced that, that is one thing that we look at in addition to a number of other factors inclusive of just economic uncertainty and our growth opportunities. And so for now, we've been operating above our target. We're going to keep an eye on those things. And as we have more certainty of the future, we have a lot of flexibility with how we return capital to shareholders, if that's appropriate. Operator: Our final question comes from John Pancari with Evercore ISI. John Pancari: On the net interest margin front, I wanted”