Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 57

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 57
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2)(57)— (43)(7)(50)Total derivative liabilities (gross)(231)(70,762)(4,674)(75,667)(125)(93,658)(5,566)(99,349)Short-sale and other liabilities (25,570)(8,462)(61)(34,093)(21,835)(6,909)(52)(28,796)Interest-bearing deposits— (173)— (173)— (318)— (318)Long-term debt— (4,069)— (4,069)— (3,495)— (3,495)Total liabilities prior to derivative netting$(25,801)(83,466)(4,735)(114,002)(21,960)(104,380)(5,618)(131,958)Derivative netting (1)64,558 83,014 Total liabilities after derivative netting$(49,444)(48,944)(1)Represents balance sheet netting of derivative asset and liability balances, related cash collateral, and portfolio level valuation adjustments. See Note 11 (Derivatives) for additional information.

Wells Fargo & Company97

Note 12:  Fair Value Measurements (continued)

Level 3 Assets and Liabilities Recorded at Fair Value on a Recurring BasisTable 12.2 presents the changes in Level 3 assets and liabilities measured at fair value on a recurring basis.Table 12.2:  Changes in Level 3 Fair Value Assets and Liabilities on a Recurring Basis Net unrealized gains (losses)related to assets and liabilities held at period end(in millions)Balance,beginningof periodNet gains/(losses) (1)Purchases (2)SalesSettlementsTransfers into Level 3 (3)Transfersout ofLevel 3 (4)Balance,end ofperiod(5)Quarter ended March 31, 2025Trading debt securities$126 (7)11 (7)(3)9 (3)126 (7)(6)Available-for-sale debt securities216 1 3 — (9)— — 211 — (6)Loans held for sale180 1 7 — (10)24 (51)151 1 (7)Mortgage servicing rights (residential) (8)6,844 (257)25 (76)— — — 6,536