Wells Fargo 2010 Annual Report Download - page 83

Table 37: Medium-Term Note (MTN) Programs
December 31, 2010
Debt Available
Date issuance for
(in billions) established authority issuance
MTN program:
Series I & J (1) August 2009 $ 25.0 21.8
Series K (1) April 2010 25.0 24.7
European (2) December 2009 25.0 25.0
Australian (2)(3) June 2005 10.0 6.8
(1) SEC registered.
(2) Not registered with the SEC. May not be offered in the United States without
applicable exemptions from registration. The Australian MTN amounts are
presented in Australian dollars.
(3) As amended in October 2005 and March 2010.
Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. is authorized
by its board of directors to issue $100 billion in outstanding
short-term debt and $125 billion in outstanding long-term debt.
In December 2007, Wells Fargo Bank, N.A. established a
$100 billion bank note program under which, subject to any
other debt outstanding under the limits described above, it may
issue $50 billion in outstanding short-term senior notes and
$50 billion in long-term senior or subordinated notes. At
December 31, 2010, Wells Fargo Bank, N.A. had remaining
issuance capacity on the bank note program of $50 billion in
short-term senior notes and $50 billion in long-term senior or
subordinated notes. Securities are issued under this program as
private placements in accordance with Office of the Comptroller
of the Currency (OCC) regulations.
Wells Fargo Financial Canada Corporation In January
2010, Wells Fargo Financial Canada Corporation (WFFCC), an
indirect wholly owned Canadian subsidiary of the Parent,
qualified with the Canadian provincial securities commissions
CAD$7.0 billion in medium-term notes for distribution from
time to time in Canada. At December 31, 2010, CAD$7.0 billion
remained available for future issuance. All medium-term notes
issued by WFFCC are unconditionally guaranteed by the Parent.
FEDERAL HOME LOAN BANK MEMBERSHIP We are a member
of the Federal Home Loan Banks based in Dallas, Des Moines
and San Francisco (collectively, the FHLBs). Each member of
each of the FHLBs is required to maintain a minimum
investment in capital stock of the applicable FHLB. The board of
directors of each FHLB can increase the minimum investment
requirements in the event it has concluded that additional
capital is required to allow it to meet its own regulatory capital
requirements. Any increase in the minimum investment
requirements outside of specified ranges requires the approval of
the Federal Housing Finance Board. Because the extent of any
obligation to increase our investment in any of the FHLBs
depends entirely upon the occurrence of a future event, potential
future payments to the FHLBs are not determinable.
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