Wells Fargo 2011 Annual Report Download - page 179

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Note 13: Long-Term Debt
As a part of our overall interest rate risk management strategy,
we often use derivatives to manage interest rate risk. As a result,
much of the long-term debt presented below is hedged in a fair
value or cash flow hedge relationship. See Note 16 for further
information on qualifying hedge contracts.
Following is a summary of our long-term debt, reflecting
unamortized debt discounts and premiums, and purchase
accounting adjustments for debt assumed in the Wachovia
acquisition, where applicable:
December 31,
2011
2010
Maturity
Stated
(in millions)
date(s)
interest rate(s)
Wells Fargo & Company (Parent only)
Senior
Fixed-rate notes (1)
2012-2035
2.125-6.75%
$
38,002
40,630
Floating-rate notes (1)
2012-2048
Varies
17,872
26,750
Market-linked notes and other (2)
2012-2041
Varies
1,359
545
Total senior debt - Parent
57,233
67,925
Subordinated
Fixed-rate notes
2012-2035
4.375-7.574%
12,041
12,370
Floating-rate notes
2015-2016
Varies
1,141
1,118
Total subordinated debt - Parent
13,182
13,488
Junior subordinated
Fixed-rate notes - hybrid trust securities
2029-2068
5.625-7.95%
6,951
11,257
Floating-rate notes
2027
Varies
247
289
FixFloat notes - income trust securities
-
6,786
Total junior subordinated debt - Parent (3)
7,198
18,332
Total long-term debt - Parent
77,613
99,745
Wells Fargo Bank, N.A. and other bank entities (Bank)
Senior
Fixed-rate notes
2013
6.00%
1,326
2,185
Floating-rate notes
2038-2040
Varies
72
4,186
Fixed-rate advances - Federal Home Loan Bank (FHLB)
2012-2031
2.30 - 8.45%
500
812
Floating-rate advances - FHLB
2012-2013
Varies
2,101
7,103
Market-linked notes and other (2)
2012-2016
Varies
238
229
Capital leases (Note 7)
2012-2025
Varies
116
26
Total senior debt - Bank
4,353
14,541
Subordinated
Fixed-rate notes
2013-2038
4.75-7.74%
15,882
16,520
Floating-rate notes
2014-2017
Varies
1,976
1,945
Total subordinated debt - Bank
17,858
18,465
Junior subordinated
Fixed-rate notes
-
317
Floating-rate notes
2027
Varies
286
278
Total junior subordinated debt - Bank (3)
286
595
Long-term debt issued by VIE - Fixed rate
2014-2038
0.00-7.00%
2,103
3,751
Long-term debt issued by VIE - Floating rate
2014-2050
Varies
2,748
4,053
Mortgage notes and other debt
2012-2056
Varies
14,854
8,639
Total long-term debt - Bank
42,202
50,044
(continued on following page)
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