Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 185

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 13
Chunk 185
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,750 10,761 856 (2,257)(136)December 31, 2024Commercial and industrial loans and leases$1,737 1,570 167 — (118)Credit card securitizations9,803 9,615 25 (2,240)(5)Other479 — 479 — (1)Total consolidated VIEs$12,019 11,185 671 (2,240)(124)(1)All other assets includes loans held for sale and other assets.

Other TransactionsIn addition to the transactions included in the previous tables, we have used wholly-owned trust preferred security VIEs to issue debt securities or preferred equity exclusively to third-party investors. As the sole assets of the VIEs are receivables from us, we do not consolidate the VIEs even though we own all of the voting equity shares of the VIEs, have fully guaranteed the obligations of the VIEs, and may have the right to redeem the third-party securities under certain circumstances. On our consolidated balance sheet, we reported the debt securities issued to the VIEs as long-term junior subordinated debt with a carrying value of $432 million and $429 million at March 31, 2025, and December 31, 2024, respectively.

108Wells Fargo & Company