Wells Fargo 2015 Annual Report Download - page 162
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Note 5: Investment Securities (continued)
Realized Gains and Losses net realized gains and losses on nonmarketable equity
Table 5.7 shows the gross realized gains and losses on sales and investments (see Note 7 (Premises, Equipment, Lease
OTTI write-downs related to the available-for-sale securities Commitments and Other Assets)).
portfolio, which includes marketable equity securities, as well as
Table 5.7: Realized Gains and Losses
Year ended December 31,
(in millions) 2015 2014 2013
Gross realized gains $ 1,775 1,560 492
Gross realized losses (67) (14) (24)
OTTI write-downs (185) (52) (183)
Net realized gains from available-for-sale securities 1,523 1,494 285
Net realized gains from nonmarketable equity investments 1,659 1,479 1,158
Net realized gains from debt securities and equity investments $ 3,182 2,973 1,443
Other-Than-Temporary Impairment securities and nonmarketable equity investments. There were no
Table 5.8 shows the detail of total OTTI write-downs included in OTTI write-downs on held-to-maturity securities during the
earnings for available-for-sale debt securities, marketable equity years ended December 31, 2015, 2014 or 2013.
Table 5.8: OTTI Write-downs
Year ended December 31,
(in millions) 2015 2014 2013
OTTI write-downs included in earnings
Debt securities:
Securities of U.S. states and political subdivisions $ 18 11 2
Mortgage-backed securities:
Federal agencies — — 1
Residential 54 26 72
Commercial 4 9 53
Corporate debt securities (1) 105 1 4
Collateralized loan and other debt obligations — 2 —
Other debt securities 2 — 26
Total debt securities 183 49 158
Equity securities:
Marketable equity securities:
Other marketable equity securities 2 3 25
Total marketable equity securities 2 3 25
Total investment securities 185 52 183
Nonmarketable equity investments (1) 374 270 161
Total OTTI write-downs included in earnings (1) $ 559 322 344
(1) December 31, 2015, includes $287 million in OTTI write-downs of energy investments, of which $104 million related to corporate debt securities and $183 million related to
nonmarketable equity investments.
Wells Fargo & Company
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