Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 207

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 14
Chunk 207
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Note 14:  Guarantees and Other CommitmentsGuarantees are contracts that contingently require us to make payments to a guaranteed party based on an event or a change in an underlying asset, liability, rate or index. For additionaldescriptions of our guarantees, see Note 17 (Guarantees and Other Commitments) in our 2024 Form 10-K. Table 14.1 shows carrying value and maximum exposure to loss on our guarantees.Table 14.1:  Guarantees – Carrying Value and Maximum Exposure to Loss Maximum exposure to loss (in millions)Carrying value of obligationExpires in one year or lessExpires after one year through three yearsExpires after three years through five yearsExpires after five yearsTotal Non-investment gradeSeptember 30, 2025Standby letters of credit (1)$97 14,369 5,279 1,705 13 21,366 7,001 Direct pay letters of credit (1)4 1,077 1,777 81 89 3,024 696 Loans and LHFS sold with recourse86 1,424 3,103 3,794 5,775 14,096 10,698 Exchange and clearing house guarantees— 96,625 — — — 96,625 — Other guarantees and indemnifications42 1,523 772 551 1,191 4,037 886 Total guarantees$229 115,018 10,931 6,131 7,068 139,148 19,281 December 31, 2024Standby letters of credit (1)$90 13,311 6,951 1,538 17 21,817 7,198 Direct pay letters of credit (1)2 1,818 1,051 108 92 3,069 766 Loans and LHFS sold with recourse82 593 3,089 3,969 6,223 13,874 10,660 Exchange and clearing house guarantees— 38,852 — — — 38,852 — Other guarantees and indemnifications36 1,888 496 124 553 3,061 1,022 Total guarantees$210 56,462 11,587 5,739 6,885 80,673 19,646