Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 55

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 55
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 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.

96Wells 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 March 31, 2025December 31, 2024(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalTrading debt securities:Securities of U.S. Treasury and federal agencies$40,878 2,725 — 43,603 38,320 3,829 — 42,149 Collateralized loan obligations— 787 82 869 — 847 80 927 Corporate debt securities— 19,371 39 19,410 — 17,341 45 17,386 Federal agency mortgage-backed securities— 51,142 — 51,142 — 52,908 — 52,908 Non-agency mortgage-backed securities— 1,567 5 1,572 — 1,702 1 1,703 Other debt securities— 8,441 — 8,441 — 6,132 — 6,132 Total trading debt securities40,878 84,033 126 125,037 38,320 82,759 126 121,205 Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies25,790 — — 25,790 23,285 — — 23,285 Securities of U.S. states and political subdivisions— 11,522 17 11,539 — 12,018 17 12,035 Federal agency mortgage-backed securities— 134,088 — 134,088 — 123,029 — 123,029 Non-agency mortgage-backed securities— 1,736 2 1,738 — 1,804 2 1,806 Collateralized loan obligations— 2,475 — 2,475 — 2,202 — 2,202 Other debt securities— 407 192 599 — 424 197 621