This means that, average security balances improved of the 5% otherwise $six million compared to the next one-fourth of 2021, now represent 27% of interest-earning property. Slide 7 shows the fresh constitution your highest-quality ties portfolio additionally the equilibrium transform out-of season-stop February 31st. Inside the basic quarter, we set in our portfolio with internet instructions of approximately $six million. not, the increase during the prices for the basic quarter led to highest internet unrealized losings of approximately $6 billion, and you may properly, our months-prevent stability remained seemingly condition.
So you can moderate the newest effect away from rising costs on protection philosophy and you may respectively AOCI, we transferred around $20 billion off securities from your offered-for-income collection in order to assist readiness during the one-fourth-stop. Significantly, activity within the AOCI didn’t have an impact on our very own earnings. But not, we’re aware of brand new AOCI affect tangible book value, and we will consistently take a look at potential chances to after that transfers.
Higher securities and you will financing balances, along with improved safeguards returns, was in fact more offset by the an excellent $74 billion lowering of PPP funds due to financing forgiveness pastime and the impression off several fewer months from the payday loans in North Dakota one-fourth
As you care able to see, first one-fourth 2022 claimed EPS try $3.23, which included pre-taxation integration will set you back from $30 mil.