Wells Fargo 2006 Annual Report Download - page 91

Download and view the complete annual report

Please find page 91 of the 2006 Wells Fargo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

89
(in millions)
December 31,
Maturity Stated 2006
2005
date(s)
interest
rate(s)
Other consolidated subsidiaries
Senior
Fixed-Rate Notes 2007-2049 0.50-8.00% $ 378 $ 502
Floating-Rate FHLB Advances 2008-2009 Varies 500 500
Other notes and debentures – Floating-Rate 2012-2037 Varies 404 14
Total senior debt – Other consolidated subsidiaries 1,282 1,016
Subordinated
Fixed-Rate Notes (1) 2008 6.25% 209 1,138
Other notes and debentures – Floating-Rate 2011-2016 Varies 78 66
Total subordinated debt – Other consolidated subsidiaries 287 1,204
Junior Subordinated
Fixed-Rate Notes (4) 2029-2031 9.875-10.18% 56 869
Floating-Rate Notes (4) 2027-2034 Varies 176 182
Total junior subordinated debt – Other consolidated subsidiaries 232 1,051
Total long-term debt – Other consolidated subsidiaries 1,801 3,271
Total long-term debt $87,145 $79,668
The aggregate annual maturities of long-term debt
obligations (based on final maturity dates) as of December 31,
2006, follow.
(in millions) Parent Company
2007 $10,815 $14,741
2008 8,629 11,282
2009 5,881 7,358
2010 8,383 10,472
2011 10,253 13,469
Thereafter 21,435 29,823
Total $65,396 $87,145
(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, 2006, we were in compliance with
all the covenants.