Wells Fargo 2005 Annual Report Download - page 84

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82
(in millions)
December 31,
Maturity Stated 2005
2004
date(s)
interest
rate(s)
Other consolidated subsidiaries
Senior
Fixed-Rate Notes 2006-2045 1.50-6.90% $ 502 $ 564
Floating-Rate FHLB Advances 2008-2009 Varies 500 500
Other notes and debentures – Floating-Rate 2012 Varies 14 1
Obligations of subsidiaries under capital leases (Note 7) — 1
Total senior debt – Other consolidated subsidiaries 1,016 1,066
Subordinated
Fixed-Rate Notes (1) 2006-2009 1.00-13.87% 1,138 1,194
Other notes and debentures – Floating-Rate 2011-2015 Varies 66 95
Total subordinated debt – Other consolidated subsidiaries 1,204 1,289
Junior Subordinated
Fixed-Rate Notes (5) 2026-2031 7.73-10.18% 869 865
Floating-Rate Notes (5) 2027-2034 Varies 182 167
Total junior subordinated debt – Other consolidated subsidiaries 1,051 1,032
Total long-term debt – Other consolidated subsidiaries 3,271 3,387
Total long-term debt $79,668 $73,580
At December 31, 2005, aggregate annual maturities of
long-term debt obligations (based on final maturity dates)
were as follows:
(in millions) Parent Company
2006 $ 7,309 $11,124
2007 10,557 13,962
2008 11,648 13,742
2009 5,904 6,926
2010 6,911 8,943
Thereafter 17,012 24,971
Total $59,341 $79,668
(continued from previous page)
The interest rates on floating-rate notes are determined
periodically by formulas based on certain money market
rates, subject, on certain notes, to minimum or maximum
interest rates.
As part of our long-term and short-term borrowing
arrangements, we are subject to various financial and
operational covenants. Some of the agreements under which
debt has been issued have provisions that may limit the
merger or sale of certain subsidiary banks and the issuance
of capital stock or convertible securities by certain subsidiary
banks. At December 31, 2005, we were in compliance with
all the covenants.