Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 84

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 84
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Note 16:  Pledged Assets and CollateralPledged AssetsWe pledge financial assets that we own to counterparties for the collateralization of securities and other collateralized financing activities, to secure trust and public deposits, and to collateralize derivative contracts. See Note 15 (Securities Financing Activities) for additional information on securities financing activities. As part of our liquidity management strategy, we may also pledge assets to secure borrowings and letters of credit from Federal Home Loan Banks (FHLBs), to maintain potential borrowing capacity with FHLBs and at the discount window of the Board of Governors of the Federal Reserve System (FRB), and for other purposes as required or permitted by law or insurance statutory requirements. The collateral that we pledge may include our own collateral as well as collateral that we have received from third parties and have the right to repledge.Table 16.1 provides the carrying values of assets recognized on our consolidated balance sheet that we have pledged to third parties. Assets pledged in transactions where our counterparty has the right to sell or repledge those assets are presented parenthetically on our consolidated balance sheet.VIE RELATED.  We also pledge assets in connection with various types of transactions entered into with VIEs, which are excluded from Table 16.1. These pledged assets can only be used to settle the liabilities of those entities. We also have loans recorded on our consolidated balance sheet which represent certain delinquent loans that are eligible for repurchase from GNMA loan securitizations. See Note 13 (Securitizations and Variable Interest Entities) for additional information on consolidated and unconsolidated VIE assets.Table 16.1:  Pledged Assets(in millions)   Mar 31,2025Dec 31,2024Pledged to counterparties that had the right to sell or repledge:Debt securities:Trading$87,715 86,142 Available-for-sale1,630 3,078 Equity securities11,493 9,774 All other assets481 461 Total assets pledged to counterparties that had the right to sell or repledge101,319 99,455 Pledged to counterparties that did not have the right to sell or repledge:Debt securities:Trading5,875 5,121 Available-for-sale108,482 97,025 Held-to-maturity206,392 213,829 Loans485,949 485,701 Equity securities1