Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 209

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 15
Chunk 209
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 disclosed in Note 11 (Derivatives).Table 15.1:  Offsetting – Securities Financing Activities (in millions)  Jun 30,2025Dec 31,2024Assets:Resale and securities borrowing agreementsGross amounts recognized$165,413 159,538 Gross amounts offset in consolidated balance sheet (1)(60,598)(54,208)Net amounts in consolidated balance sheet (2)104,815 105,330 Collateral received not recognized in consolidated balance sheet (3)(104,003)(104,313)Net amount (4)$812 1,017 Liabilities:Repurchase and securities lending agreementsGross amounts recognized $222,201 149,427 Gross amounts offset in consolidated balance sheet (1)(60,598)(54,208)Net amounts in consolidated balance sheet (5)161,603 95,219 Collateral pledged but not netted in consolidated balance sheet (6)(161,547)(95,170)Net amount (4)$56 49 (1)Represents recognized amount of resale and repurchase agreements with counterparties subject to enforceable MRAs that have been offset within our consolidated balance sheet.(2)Included in federal funds sold and securities purchased under resale agreements on our consolidated balance sheet. Excludes $24.0 billion and $21.8 billion classified on our consolidated balance sheet in loans at June 30, 2025, and December 31, 2024, respectively, which relates to resale agreements involving collateral other than securities as part of our commercial lending business activities.(3)Represents the fair value of collateral we have received under enforceable MRAs or MSLAs, limited in the table above to the amount of the recognized asset due from each counterparty.(4)Represents the amount of our exposure (assets) or obligation (liabilities) that is not collateralized and/or is not subject to an enforceable MRA or MSLA.(5)Included in short-term borrowings on our consolidated balance sheet.(6)Represents the fair value of collateral we have pledged, related to enforceable MRAs or MSLAs, limited in the table above to the amount of the recognized liability owed to each counterparty.

114Wells Fargo & Company

REPURCHASE AND SECURITIES LENDING AGREEMENTS.  Securities sold under repurchase agreements and securities lending arrangements are effectively short-term collateralized borrowings. In these transactions, we receive cash in exchange