Wells Fargo 2015 Annual Report Download - page 157

Gross Unrealized Losses and Fair Value
Table 5.2 shows the gross unrealized losses and fair value of
securities in the investment securities portfolio by length of time
that individual securities in each category have been in a
continuous loss position. Debt securities on which we have taken
Table 5.2: Gross Unrealized Losses and Fair Value
credit-related OTTI write-downs are categorized as being "less
than 12 months" or "12 months or more" in a continuous loss
position based on the point in time that the fair value declined to
below the cost basis and not the period of time 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, 2015
Available-for-sale securities:
Securities of U.S. Treasury and federal agencies $ (148) 24,795 — — (148) 24,795
Securities of U.S. states and political subdivisions (26) 3,453 (476) 12,377 (502) 15,830
Mortgage-backed securities:
Federal agencies (522) 36,329 (306) 9,888 (828) 46,217
Residential (20) 1,276 (5) 285 (25) 1,561
Commercial (32) 4,476 (53) 2,363 (85) 6,839
Total mortgage-backed securities (574) 42,081 (364) 12,536 (938) 54,617
Corporate debt securities (244) 4,941 (205) 1,057 (449) 5,998
Collateralized loan and other debt obligations (276) 22,214 (92) 4,844 (368) 27,058
Other (33) 2,768 (13) 425 (46) 3,193
Total debt securities (1,301) 100,252 (1,150) 31,239 (2,451) 131,491
Marketable equity securities:
Perpetual preferred securities (1) 24 (12) 109 (13) 133
Other marketable equity securities (2) 40 — — (2) 40
Total marketable equity securities (3) 64 (12) 109 (15) 173
Total available-for-sale securities (1,304) 100,316 (1,162) 31,348 (2,466) 131,664
Held-to-maturity securities:
Securities of U.S. Treasury and federal agencies (73) 5,264 — — (73) 5,264
Federal agency mortgage-backed securities (314) 23,115 — — (314) 23,115
Collateralized loan and other debt obligations (20) 1,148 (4) 233 (24) 1,381
Other (3) 1,096 — — (3) 1,096
Total held-to-maturity securities (410) 30,623 (4) 233 (414) 30,856
Total $ (1,714) 130,939 (1,166) 31,581 (2,880) 162,520
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) 985
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
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