Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 106

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 3
Chunk 106
---
858 Federal agency mortgage-backed securities193,982 — (36,029)(36,029)157,953 Non-agency mortgage-backed securities (3)1,364 50 (81)(31)1,333 Collateralized loan obligations15,888 56 — 56 15,944 Other debt securities1,720 — (44)(44)1,676 Total held-to-maturity debt securities234,948 106 (41,275)(41,169)193,779 Total$405,555 261 (49,102)(48,798)356,757 (1)Represents amortized cost of the securities, net of the ACL of $34 million related to AFS debt securities at both March 31, 2025, and December 31, 2024, and $104 million and $95 million related to HTM debt securities at March 31, 2025, and December 31, 2024, respectively.(2)Includes investments in tax-exempt preferred debt securities issued by investment funds or trusts that predominantly invest in tax-exempt municipal securities. The amortized cost, net of the ACL, and fair value of these types of securities, was $2.8 billion at both March 31, 2025, and December 31, 2024.(3)Predominantly consists of commercial mortgage-backed securities at both March 31, 2025, and December 31, 2024.(4)Represents fair value hedge basis adjustments related to active portfolio layer method hedges of AFS debt securities, which are not allocated to individual securities in the portfolio. For additional information, see Note 11 (Derivatives).

Wells Fargo & Company61

Note 3:  Available-for-Sale and Held-to-Maturity Debt Securities (continued)

Table 3.2 details the breakout of purchases of HTM debt securities by major category of security. There were no transfers to HTM debt securities during the periods presented below.Table 3.2:  Held-to-Maturity Debt Securities PurchasesQuarter ended March 31,(in millions)20252024Purchases of held-to-maturity debt securities (1):Non-agency mortgage-backed securities$86 — Total purchases of held-to-maturity debt securities$86 — (1)Inclusive of non-cash purchases from securitization of loans held for sale (LHFS