Wells Fargo 2013 Annual Report Download - page 162
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Note 5: Investment Securities (continued)
Realized Gains and Losses
The following table shows the gross realized gains and losses on
sales and OTTI write-downs related to the investment securities
portfolio, which includes marketable equity securities, as well as
net realized gains and losses on nonmarketable equity
investments (see Note 7 – Other Assets).
Year ended December 31,
(in millions) 2013 2012 2011
Gross realized gains $ 492 600 1,305
Gross realized losses (24) (73) (70)
OTTI write-downs (183) (256) (541)
Net realized gains from investment securities 285 271 694
Net realized gains from nonmarketable equity investments 1,158 1,086 842
Net realized gains from debt securities and equity investments $ 1,443 1,357 1,536
Other-Than-Temporary Impairment
The following table shows the detail of total OTTI write-downs
included in earnings for debt securities, marketable equity
securities and nonmarketable equity investments.
Year ended December 31,
(in millions) 2013 2012 2011
OTTI write-downs included in earnings
Debt securities:
U.S. states and political subdivisions $ 2 16 2
Mortgage-backed securities:
Federal agencies 1 - -
Residential 72 84 252
Commercial 53 86 101
Corporate debt securities 4 11 3
Collateralized loan and other debt obligations - 1 1
Other debt securities 26 42 64
Total debt securities 158 240 423
Equity securities:
Marketable equity securities:
Perpetual preferred securities - 12 96
Other marketable equity securities 25 4 22
Total marketable equity securities 25 16 118
Total investment securities 183 256 541
Nonmarketable equity investments 161 160 170
Total OTTI write-downs included in earnings $ 344 416 711
160