Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 120

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 3
Chunk 120
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, labeled as “speculative grade” by the rating agencies, are considered to be distinctively higher credit risk than investment grade debt securities. For debt securities not rated by NRSROs, we determine an internal credit grade of the debt securities (used for credit risk management purposes) equivalent to the credit ratings assigned by major credit agencies. Substantially all of our debt securities were rated by NRSROs at June 30, 2025, and December 31, 2024.Table 3.4 shows the percentage of fair value of AFS debt securities and amortized cost of HTM debt securities determined to be rated investment grade, inclusive of securities rated based on internal credit grades.Table 3.4:  Investment Grade Debt SecuritiesAvailable-for-SaleHeld-to-Maturity($ in millions)Fair value % investment gradeAmortized cost% investment gradeJune 30, 2025Total portfolio (1)$184,869 99%$221,599 99%Breakdown by category:Securities of U.S. Treasury and federal agencies (2)$168,464 100%$190,495 100%Securities of U.S. states and political subdivisions10,865 99 18,038 100 Collateralized loan obligations (3)3,209 100 9,852 100 All other debt securities (4)2,331 89 3,214 57 December 31, 2024Total portfolio (1)$162,978 99%$235,043 99%Breakdown by category:Securities of U.S. Treasury and federal agencies (2)$146,314 100%$197,777 100%Securities of U.S. states and political subdivisions12,035 99 18,210 100 Collateralized loan obligations (3)2,202 100 15,904 100 All other debt securities (4)2,427 89 3,152 61 (1)99% were rated AA- and above at both June 30, 2025, and December 31, 2024.(2)Includes federal agency mortgage-backed securities.(3)100% were rated AA- and above at both June 30, 2025, and December 31, 2024.(4)Includes non-U.S. government, non-agency mortgage-backed, and all other debt securities.DELINQUENCY STATUS AND NONACCRUAL DEBT