Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 179

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 12
Chunk 179
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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.

Wells Fargo & Company99

Note 12:  Fair Value Measurements (continued)

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 June 30, 2025December 31, 2024(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalTrading debt securities:Securities of U.S. Treasury and federal agencies$40,672 3,843 — 44,515 38,320 3,829 — 42,149 Collateralized loan obligations— 787 82 869 — 847 80 927 Corporate debt securities— 17,959 22 17,981 — 17,341 45 17,386 Federal agency mortgage-backed securities— 55,356 — 55,356 — 52,908 — 52,908 Non-agency mortgage-backed securities— 1,729 4 1,733 — 1,702 1 1,703 Other debt securities— 7,100 — 7,100 — 6,132 — 6,132 Total trading debt securities40,672 86,774 108 127,554 38,320 82,759 126 121,205 Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies31,999 — — 31,999 23,285 — — 23,285 Securities of U.S. states and political subdivisions— 10,849 16 10,865 — 12,018 17 12,035 Federal agency mortgage-backed securities— 136,465 — 136,465 — 123,029 — 123,029 Non-agency mortgage-backed securities— 1,705 2 1,707 — 1,804 2 1,806 Collateralized loan obligations— 3,209 — 3,209 — 2,202 — 2,202 Other debt securities— 433