Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 181

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 12
Chunk 181
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 per share (or its equivalent) as a practical expedient to measure fair value. Marketable equity securities with published NAVs are classified in the fair value hierarchy.

98Wells Fargo & Company

Assets and Liabilities Recorded at Fair Value on a Recurring BasisTable 12.1 presents the balances of assets and liabilities recorded at fair value on a recurring basis.Table 12.1:  Fair Value on a Recurring Basis September 30, 2025December 31, 2024(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalTrading debt securities:Securities of U.S. Treasury and federal agencies$52,443 2,752 — 55,195 38,320 3,829 — 42,149 Collateralized loan obligations— 883 87 970 — 847 80 927 Corporate debt securities— 18,446 16 18,462 — 17,341 45 17,386 Federal agency mortgage-backed securities— 72,065 — 72,065 — 52,908 — 52,908 Non-agency mortgage-backed securities— 1,873 1 1,874 — 1,702 1 1,703 Other debt securities— 8,663 — 8,663 — 6,132 — 6,132 Total trading debt securities52,443 104,682 104 157,229 38,320 82,759 126 121,205 Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies48,149 — — 48,149 23,285 — — 23,285 Securities of U.S. states and political subdivisions— 10,548 15 10,563 — 12,018 17 12,035 Federal agency mortgage-backed securities— 140,843 — 140,843 — 123,029 — 123,029 Non-agency mortgage-backed securities— 1,932 2 1,934 — 1,804 2 1,806 Collateralized loan obligations— 4,842 — 4,842 — 2,202 — 2,202 Other debt securities— 147 204 351 — 424 197 621