Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 118

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 3
Chunk 118
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 Federal agency mortgage-backed securities193,982 — (36,029)(36,029)157,953 Non-agency mortgage-backed securities (3)1,364 50 (81)(31)1,333 Collateralized loan obligations15,888 56 — 56 15,944 Other debt securities1,720 — (44)(44)1,676 Total held-to-maturity debt securities234,948 106 (41,275)(41,169)193,779 Total$405,555 261 (49,102)(48,798)356,757 (1)Represents amortized cost of the securities, net of the ACL of $30 million and $34 million related to AFS debt securities at June 30, 2025, and December 31, 2024, respectively, and $106 million and $95 million related to HTM debt securities at June 30, 2025, and December 31, 2024, respectively.(2)Includes investments in tax-exempt preferred debt securities issued by investment funds or trusts that predominantly invest in tax-exempt municipal securities. The amortized cost, net of the ACL, and fair value of these types of securities, was $2.8 billion at both June 30, 2025, and December 31, 2024.(3)Predominantly consists of commercial mortgage-backed securities at both June 30, 2025, and December 31, 2024.(4)Represents fair value hedge basis adjustments related to active portfolio layer method hedges of AFS debt securities, which are not allocated to individual securities in the portfolio. For additional information, see Note 11 (Derivatives).

64Wells Fargo & Company

Table 3.2 details the breakout of purchases of HTM debt securities by major category of security. There were no transfers to HTM debt securities during the periods presented below.Table 3.2:  Held-to-Maturity Debt Securities PurchasesQuarter ended June 30,Six months ended June 30,(in millions)2025202420252024Purchases of held-to-maturity debt securities (1):Non-agency mortgage-backed securities$20 48 $106 48 Total purchases of held-to-maturity debt securities$20 48 $106 48 (1)Inclusive of non-cash purchases from securitization of loans held for