Wells Fargo 2008 Annual Report Download - page 125

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
Following is a summary of our long-term debt based on
original maturity (reflecting unamortized debt discounts
Note 14: Long-Term Debt
(in millions) December 31,
Maturity Stated 2008 2007
date(s) interest
rate(s)
Wells Fargo & Company (Parent only)
Senior
Fixed-Rate Notes (1)(2) 2009-2035 3.00-6.75% $ 49,019 $25,105
Floating-Rate Notes (2)(3) 2009-2048 Varies 51,220 31,679
Extendable Notes (4) 2009-2013 Varies 85,369
FixFloat Notes 2010 5.51% through
mid-2008, varies —2,200
Market-Linked Notes (5) 2009-2018 Varies 933 871
Convertible Debentures (6)(7) 2033 Varies — 3,000
Total senior debt – Parent 101,180 68,224
Subordinated
Fixed-Rate Notes (1) 2009-2035 4.375-6.65% 12,204 4,550
Floating-Rate Notes 2015-2016 Varies 1,074 —
Total subordinated debt – Parent 13,278 4,550
Junior Subordinated
Fixed-Rate Notes (1)(8)(9)(10)(11) 2026-2068 5.625-8.625% 10,111 4,342
FixFloat Preferred Purchase Securities (8)(12)(13) 2013-2044 7.50-9.25% to
2013, varies 4,308 —
Floating-Rate Notes (14) 2027-2036 Varies 245 —
FixFloat Notes (14) 2036 6.28% to 2011, varies 10 —
Fixed-Rate Notes – Hybrid trust securities (1)(8)(15)(16)(17) 2037-2047 6.375-7.85% 2,449 —
FixFloat Notes – Income trust securities (8)(18) 2011-2042 5.20% to 2011, varies 2,445 —
Total junior subordinated debt – Parent 19,568 4,342
Total long-term debt – Parent 134,026 77,116
Wells Fargo Bank, N.A. and its subsidiaries (WFB, N.A.)
Senior
Fixed-Rate Notes (1) 2009-2013 3.12-5.094% 63 34
Floating-Rate Notes 2009-2012 Varies 1,026 504
Fixed-Rate Advances – Federal Home Loan Bank (FHLB) 2012 5.20% 202 203
Market-Linked Notes (5) 2009-2015 0.053-7.05% 437 658
Obligations of subsidiaries under capital leases (Note 7) 2009-2025 Varies 97 20
Total senior debt – WFB, N.A. 1,825 1,419
Subordinated
Fixed-Rate Notes (1) 2010-2036 4.75-7.55% 6,941 6,151
Floating-Rate Notes 2016 Varies 500 500
Other notes and debentures 2009-2013 4.70-5.40% 9 11
Total subordinated debt – WFB, N.A. 7,450 6,662
Total long-term debt – WFB, N.A. 9,275 8,081
Wachovia Bank, N.A. (WB, N.A.)
Senior
Fixed-Rate Notes (1) 2013 6.00% 2,098 —
Fixed-Rate Advances – FHLB 2009-2018 1.00-5.26% 8—
Floating-Rate Notes (3) 2009-2011 Varies 3,963 —
Floating-Rate Advances – FHLB (3) 2009-2011 Varies 5,527 —
Primarily notes issued under global bank note programs (3)(19) 2009-2040 Varies 20,529 —
Obligations of subsidiaries under capital leases (Note 7) 2014 11.659% 6 —
Total senior debt – WB, N.A. 32,131 —
Subordinated
Fixed-Rate Notes (1) 2010-2038 4.75-9.625% 12,856 —
Floating-Rate Notes (3) 2014-2017 Varies 1,388 —
Mortgage rates and other debt Varies Varies 8,225 —
Total subordinated debt – WB, N.A. 22,469 —
Total long-term debt – WB, N.A. $ 54,600 $ —
(continued on following page)
and premiums, and purchase accounting adjustments for
debt assumed in the Wachovia acquisition, where applicable):