Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 108

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 3
Chunk 108
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 December 31, 2024.Table 3.4 shows the percentage of fair value of AFS debt securities and amortized cost of HTM debt securities determined to be rated investment grade, inclusive of securities rated based on internal credit grades.Table 3.4:  Investment Grade Debt SecuritiesAvailable-for-SaleHeld-to-Maturity($ in millions)Fair value % investment gradeAmortized cost% investment gradeMarch 31, 2025Total portfolio (1)$176,229 99 %$227,331 99 %Breakdown by category:Securities of U.S. Treasury and federal agencies (2)$159,878 100 %$194,402 100 %Securities of U.S. states and political subdivisions11,539 99 18,119 100 Collateralized loan obligations (3)2,475 100 11,590 100 All other debt securities (4)2,337 89 3,220 59 December 31, 2024Total portfolio (1)$162,978 99 %$235,043 99 %Breakdown by category:Securities of U.S. Treasury and federal agencies (2)$146,314 100 %$197,777 100 %Securities of U.S. states and political subdivisions12,035 99 18,210 100 Collateralized loan obligations (3)2,202 100 15,904 100 All other debt securities (4)2,427 89 3,152 61 (1)99% were rated AA- and above at both March 31, 2025, and December 31, 2024.(2)Includes federal agency mortgage-backed securities.(3)100% were rated AA- and above at both March 31, 2025, and December 31, 2024.(4)Includes non-U.S. government, non-agency mortgage-backed, and all other debt securities.DELINQUENCY STATUS AND NONACCRUAL DEBT SECURITIES.  Debt security issuers that are delinquent in payment of amounts due under contractual debt agreements have a higher probability of recognition of credit losses. As such, as part of our monitoring of the credit quality of the debt security portfolio, we consider whether debt securities we own are past due in payment of principal or interest payments and whether any securities have been placed into nonaccrual status.Debt securities