Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 8

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 8
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 the allowance for credit losses.Table 3.5:  Gross Unrealized Losses and Fair Value – Available-for-Sale Debt SecuritiesLess than 12 months 12 months or more Total (in millions)Gross unrealized losses (1)Fair value Gross unrealized losses (1)Fair value Gross unrealized losses (1)Fair value June 30, 2025Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies$(40)19,021 (327)5,876 (367)24,897 Securities of U.S. states and political subdivisions(20)691 (517)6,177 (537)6,868 Federal agency mortgage-backed securities(634)52,475 (4,284)38,785 (4,918)91,260 Non-agency mortgage-backed securities(2)424 (27)1,052 (29)1,476 Collateralized loan obligations(1)273 — — (1)273 Other debt securities— — (2)114 (2)114 Total available-for-sale debt securities$(697)72,884 (5,157)52,004 (5,854)124,888 December 31, 2024Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies$(77)14,000 (430)7,778 (507)21,778 Securities of U.S. states and political subdivisions(11)748 (507)7,215 (518)7,963 Federal agency mortgage-backed securities(1,465)71,424 (5,293)40,722 (6,758)112,146 Non-agency mortgage-backed securities(1)22 (40)1,307 (41)1,329 Other debt securities— — (3)114 (3)114 Total available-for-sale debt securities$(1,554)86,194 (6,273)57,136 (7,827)143,330 (1)Gross unrealized losses exclude portfolio level basis adjustments.We have assessed each debt security with gross unrealized losses included in the previous table for credit impairment. As part of that assessment we evaluated and concluded that we do not intend to sell any of the debt securities, and that it is more likely