Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 83

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 83
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 advance of our cash repayment. Table 15.2 provides the gross amounts recognized on our consolidated balance sheet (before the effects of offsetting) of our liabilities for repurchase and securities lending agreements disaggregated by underlying collateral type.Table 15.2:  Gross Obligations by Underlying Collateral Type(in millions)  Mar 31,2025Dec 31,2024Repurchase agreements:Securities of U.S. Treasury and federal agencies$72,607 70,362 Securities of U.S. States and political subdivisions266 648 Federal agency mortgage-backed securities78,103 54,107 Non-agency mortgage-backed securities2,267 2,397 Corporate debt securities9,581 10,008 Asset-backed securities2,699 2,334 Equity securities2,558 1,584 Other664 740 Total repurchases168,745 142,180 Securities lending arrangements:Securities of U.S. Treasury and federal agencies1,029 214 Corporate debt securities2,177 1,925 Equity securities4,952 5,101 Other17 7 Total securities lending8,175 7,247 Total repurchases and securities lending$176,920 149,427 

Table 15.3 provides the contractual maturities of our gross obligations under repurchase and securities lending agreements. Securities lending is executed under agreements that allow either party to terminate the transaction without notice, while repurchase agreements have a term structure that matures at a point in time. The overnight agreements require an election by both parties to roll the trade, while continuous agreements require an election by either party to terminate the agreement.Table 15.3:  Contractual Maturities of Gross Obligations(in millions)  Repurchase agreementsSecurities lending agreementsMarch 31, 2025Overnight/continuous$105,813 4,774 Up to 30 days25,783 — 30-90 days22,819 — >90 days14,330 3,401 Total gross obligation$168,745 8,175 December 31, 2024Overnight/continuous$79,560 4,096 Up to 30 days40,318 — 30-90 days8,909 300 >90 days13,393 2,851 Total gross obligation$142,180 7,247 

112Wells Fargo & Company