Wells Fargo 2014 Annual Report Download - page 158

Note 5: Investment Securities (continued)
Contractual Maturities contractual principal maturities for MBS do not consider
The following table shows the remaining contractual maturities prepayments. Remaining expected maturities will differ from
and contractual weighted-average yields (taxable-equivalent contractual maturities because borrowers may have the right to
basis) of available-for-sale debt securities. The remaining prepay obligations before the underlying mortgages mature.
Remaining contractual maturity
After one year After five years
Total Within one year through five years through ten years After ten years
(in millions) amount Yield Amount Yield Amount Yield Amount Yield Amount Yield
December 31, 2014
Available-for-sale securities (1):
Securities of U.S. Treasury and federal
agencies $ 25,804 1.49% $ 181 1.47% $ 22,348 1.44% $ 3,275 1.83% $ — —%
Securities of U.S. states and political
subdivisions 44,944 5.66 3,568 1.71 7,050 2.19 3,235 5.13 31,091 6.96
Mortgage-backed securities:
Federal agencies 110,089 3.27 — — 276 2.86 1,011 3.38 108,802 3.27
Residential 9,269 4.50 — — 9 4.81 83 5.63 9,177 4.49
Commercial 16,994 5.16 1 0.28 62 2.71 5 1.30 16,926 5.17
Total mortgage-backed securities 136,352 3.59 1 0.28 347 2.88 1,099 3.54 134,905 3.59
Corporate debt securities 14,786 4.90 600 4.32 7,634 4.54 5,209 5.30 1,343 5.70
Collateralized loan and other debt
obligations 25,361 1.83 23 1.95 944 0.71 8,472 1.67 15,922 1.99
Other 6,519 1.79 274 1.55 1,452 2.56 1,020 1.32 3,773 1.64
Total available-for-sale debt
securities at fair value $ 253,766 3.60% $ 4,647 2.03% $ 39,775 2.20% $ 22,310 3.12% $187,034 3.99%
December 31, 2013
Available-for-sale securities (1):
Securities of U.S. Treasury and federal
agencies $ 6,280 1.66 % $ 86 0.54 % $ 701 1.45 % $ 5,493 1.71 % $ — — %
Securities of U.S. states and political
subdivisions 42,536 5.30 4,915 1.84 7,901 2.19 3,151 5.19 26,569 6.89
Mortgage-backed securities:
Federal agencies 117,591 3.33 1 7.14 398 2.71 956 3.46 116,236 3.33
Residential 12,453 4.31 — — — — 113 5.43 12,340 4.30
Commercial 18,747 5.24 — — 52 3.33 59 0.96 18,636 5.26
Total mortgage-backed securities 148,791 3.65 1 7.14 450 2.78 1,128 3.52 147,212 3.66
Corporate debt securities 21,227 4.18 6,136 2.06 7,255 4.22 6,528 5.80 1,308 5.77
Collateralized loan and other debt obligations 20,159 1.59 40 0.25 1,100 0.63 7,750 1.29 11,269 1.89
Other 9,629 1.80 906 2.53 2,977 1.74 1,243 1.64 4,503 1.73
Total available-for-sale debt securities at
fair value $ 248,622 3.69 % $ 12,084 1.99 % $ 20,384 2.75 % $ 25,293 3.14 % $ 190,861 3.97 %
(1) Weighted-average yields displayed by maturity bucket are weighted based on fair value and predominantly represent contractual coupon rates without effect for any related
hedging derivatives.
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