Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 85

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 85
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 Carrying Value and Maximum Exposure to Loss Maximum exposure to loss (in millions)Carrying value of obligationExpires in one year or lessExpires after one year through three yearsExpires after three years through five yearsExpires after five yearsTotal Non-investment gradeJune 30, 2025Standby letters of credit (1)$93 13,865 5,166 1,613 17 20,661 6,980 Direct pay letters of credit (1)5 1,027 1,704 269 90 3,090 697 Loans and LHFS sold with recourse88 1,290 2,846 4,031 5,923 14,090 10,665 Exchange and clearing house guarantees— 83,172 — — — 83,172 — Other guarantees and indemnifications39 1,348 771 70 1,184 3,373 719 Total guarantees$225 100,702 10,487 5,983 7,214 124,386 19,061 December 31, 2024Standby letters of credit (1)$90 13,311 6,951 1,538 17 21,817 7,198 Direct pay letters of credit (1)2 1,818 1,051 108 92 3,069 766 Loans and LHFS sold with recourse82 593 3,089 3,969 6,223 13,874 10,660 Exchange and clearing house guarantees— 38,852 — — — 38,852 — Other guarantees and indemnifications36 1,888 496 124 553 3,061 1,022 Total guarantees$210 56,462 11,587 5,739 6,885 80,673 19,646 (1)Standby and direct pay letters of credit are reported net of syndications and participations.Maximum exposure to loss represents the estimated loss that would be incurred under an assumed hypothetical circumstance, despite what we believe is a remote possibility, where the value of our interests and any associated collateral declines to zero. Maximum exposure to loss estimates in Table 14.1 do not reflect economic hedges or collateral we could use to offset or recover losses we may incur under our guarantee agreements. Accordingly, these amounts are not an indication of