“It moves even higher than that next year, just to give you an idea, it's sort of in the mid 5s, just to give you a general sense.”

In context

“rough the course of the next couple of years. So all of that's a few quarters now in a row where that pattern is continuing and we did it again this quarter. And we'll just keep adjusting that over time. Based on the macroeconomic situation as it develops over time. Brian Moynihan : Yes. This Also, just to give a sense, though, it's a 5% unemployment like now and then continues all the way through next year. So there's an inherent in services and built into that reserving level. That our reserves can 60-40 and has those kinds of those kinds of statistics around it has inflation, but more importantly, it's based on that kind of unemployment level, which is 150 basis points over where we are. We are in October. So it will pretty quick to be this side at the end of year. Alastair Borthwick : It moves even higher than that next year, just to give you an idea, it's sort of in the mid 5s, just to give you a general sense. Operator: We'll go next to Vivek Juneja with JPMorgan. Vivek Juneja : Just a couple of questions, Brian and Alastair. On loan marks a quick one. How much were those in the third quarter? Alastair Borthwick : So we didn't call that out but that just for the simple reason, it was smaller this quarter. We run those through the P&L every week, as you know. So the results that you see in Global Markets and Investment Banking did include them last quarter. We called it out last quarter because it was just bigger. But this quarter, we didn't feel that we needed to. Vivek Juneja : Okay. Brian, you talked about tech spend being up if I caught it correctly, 15% in '23. Is that right? And if so, what's the dollar amount of tech spend that you're expecting in either this year or next year? Brian Moyn”