Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 205

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 14
Chunk 205
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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 gradeJune 30, 2025Standby letters of credit (1)$93 13,865 5,166 1,613 17 20,661 6,980 Direct pay letters of credit (1)5 1,027 1,704 269 90 3,090 697 Loans and LHFS sold with recourse88 1,290 2,846 4,031 5,923 14,090 10,665 Exchange and clearing house guarantees— 83,172 — — — 83,172 — Other guarantees and indemnifications39 1,348 771 70 1,184 3,373 719 Total guarantees$225 100,702 10,487 5,983 7,214 124,386 19,061 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