Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 12

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 12
---
 trading activities. For additional information on these activities, see Note 2 (Trading Activities).(2)Includes securities with a fair value of $369 million and $590 million at March 31, 2025, and December 31, 2024, respectively, subject to contractual lock-up periods restricting the sale of the securities, the majority of which expire in second quarter 2025.(3)Includes affordable housing investments of $11.9 billion and $12.3 billion at March 31, 2025, and December 31, 2024, respectively, and renewable energy investments of $9.1 billion and $9.4 billion at March 31, 2025, and December 31, 2024, respectively. Tax credit investments are accounted for using either the proportional amortization method or the equity method. See Note 13 (Securitizations and Variable Interest Entities) for information about tax credit investments.(4)Includes equity securities accounted for under the measurement alternative of $9.2 billion and $9.3 billion at March 31, 2025, and December 31, 2024, respectively, which were predominantly securities associated with our venture capital investments. The remaining securities are accounted for using the equity method.(5)Includes $3.5 billion of investments in Federal Reserve Bank stock at both March 31, 2025, and December 31, 2024, and $43 million and $224 million of investments in Federal Home Loan Bank stock at March 31, 2025, and December 31, 2024, respectively.Net Gains and Losses Not Held for TradingTable 4.2 provides a summary of the net gains and losses from equity securities not held for trading, which excludes equity method adjustments for our share of the investee’s earnings or losses that are recognized in other noninterest income. Gains and losses for securities held for trading are reported in net gains from trading and securities.Table 4.2:  Net Gains (Losses) from Equity Securities Not Held for TradingQuarter ended March 31,(in millions)20252024Net gains (losses) from equity securities carried at fair value$(195)11 Net gains (losses) from equity securities not carried at fair value (1):Impairment write-downs(194)(197)Net unrealized gains (2)1 127 Net realized gains45 77 Total net gains (losses) from equity securities