Wells Fargo 2014 Annual Report Download - page 155

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Gross Unrealized Losses and Fair Value have taken credit-related OTTI write-downs are categorized as
The following table shows the gross unrealized losses and fair being "less than 12 months" or "12 months or more" in a
value of securities in the investment securities portfolio by continuous loss position based on the point in time that the fair
length of time that individual securities in each category had value declined to below the cost basis and not the period of time
been in a continuous loss position. Debt securities on which we since the credit-related OTTI write-down.
Less than 12 months 12 months or more Total
Gross Gross Gross
unrealized unrealized unrealized
(in millions) losses Fair value losses Fair value losses Fair value
December 31, 2014
Available-for-sale securities:
Securities of U.S. Treasury and federal agencies $ (16) 7,138 (122) 5,719 (138) 12,857
Securities of U.S. states and political subdivisions (198) 10,228 (301) 3,725 (499) 13,953
Mortgage-backed securities:
Federal agencies (16) 1,706 (735) 37,854 (751) 39,560
Residential (18) 946 (6) 144 (24) 1,090
Commercial (9) 2,202 (48) 1,532 (57) 3,734
Total mortgage-backed securities (43) 4,854 (789) 39,530 (832) 44,384
Corporate debt securities (102) 1,674 (68) 1,265 (170) 2,939
Collateralized loan and other debt obligations (99) 12,755 (85) 3,958 (184) 16,713
Other (23) 708 (4) 277 (27)
Total debt securities (481) 37,357 (1,369) 54,474 (1,850) 91,831
Marketable equity securities:
Perpetual preferred securities (2) 92 (68) 633 (70) 725
Other marketable equity securities (2) 41 — — (2) 41
Total marketable equity securities (4) 133 (68) 633 (72) 766
Total available-for-sale securities (485) 37,490 (1,437) 55,107 (1,922) 92,597
Held-to-maturity securities:
Securities of U.S. Treasury and federal agencies (8) 1,889 — — (8) 1,889
Collateralized loan and other debt obligations (13) 1,391 — — (13) 1,391
Total held-to-maturity securities (21) 3,280 — — (21) 3,280
Total $ (506) 40,770 (1,437) 55,107 (1,943) 95,877
December 31, 2013
Available-for-sale securities:
Securities of U.S. Treasury and federal agencies $ (329) 5,786 — — (329) 5,786
Securities of U.S. states and political subdivisions (399) 9,238 (328) 4,120 (727) 13,358
Mortgage-backed securities:
Federal agencies (3,562) 67,045 (52) 1,132 (3,614) 68,177
Residential (18) 1,242 (22) 232 (40) 1,474
Commercial (15) 2,128 (100) 2,027 (115) 4,155
Total mortgage-backed securities (3,595) 70,415 (174) 3,391 (3,769) 73,806
Corporate debt securities (85) 2,542 (55) 428 (140) 2,970
Collateralized loan and other debt obligations (55) 7,202 (38) 343 (93) 7,545
Other (11) 1,690 (18) 365 (29) 2,055
Total debt securities (4,474) 96,873 (613) 8,647 (5,087) 105,520
Marketable equity securities:
Perpetual preferred securities (28) 424 (32) 308 (60) 732
Other marketable equity securities (4) 34 — — (4) 34
Total marketable equity securities (32) 458 (32) 308 (64) 766
Total available-for-sale securities (4,506) 97,331 (645) 8,955 (5,151) 106,286
Held-to-maturity securities:
Federal agency mortgage-backed securities (99) 6,153 — — (99) 6,153
Total held-to-maturity securities (99) 6,153 — — (99) 6,153
Total $ (4,605) 103,484 (645) 8,955 (5,250) 112,439
985
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