Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 46

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 46
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 accommodation trading purposes. For additional information on our derivative activities, see Note 14 (Derivatives) in our 2024 Form 10-K.Table 11.1 presents the total notional or contractual amounts and fair values for our derivatives. Derivative transactions can be measured in terms of the notional amount, but this amount is not recorded on our consolidated balance sheet and is not, when viewed in isolation, a meaningful measure of the risk profile of the instruments. The notional amount is generally not exchanged, but is used only as the basis on which derivative cash flows are determined. Table 11.1:  Notional or Contractual Amounts and Fair Values of Derivatives June 30, 2025December 31, 2024Notional or contractual amountFair value Notional or contractual amountFair value Derivative assetsDerivative liabilitiesDerivative assetsDerivative liabilities(in millions)Derivatives designated as hedging instrumentsInterest rate contracts$316,117 468 807 294,127 352 863 Commodity contracts10,108 2 93 4,756 17 10 Foreign exchange contracts2,782 18 236 3,326 12 370 Total derivatives designated as qualifying hedging instruments488 1,136 381 1,243 Derivatives not designated as hedging instrumentsInterest rate contracts10,551,628 24,350 26,093 9,510,281 28,463 30,272 Commodity contracts119,903 3,308 2,828 96,321 2,624 1,623 Equity contracts557,922 18,804 19,170 487,097 15,201 15,606 Foreign exchange contracts4,478,725 50,869 48,772 3,506,412 51,944 50,555 Credit contracts56,006 105 76 47,557 96 50 Total derivatives not designated as hedging instruments97,436 96,939 98,328 98,106 Total derivatives before netting97,924 98,075 98,709 99,349 Netting(74,012)(85,527)(78,697)(83,014)Total$23,912 12,548 20,012 16,335 Balance Sheet OffsettingWe execute substantially all of our derivative transactions