Wells Fargo 2015 Annual Report Download - page 200

Note 12: Short-Term Borrowings
Table 12.1 shows selected information for short-term
borrowings, which generally mature in less than 30 days. We
pledge certain financial instruments that we own to collateralize
repurchase agreements and other securities financings. For
additional information, see the “Pledged Assets” section of Note
14 (Guarantees, Pledged Assets and Collateral).
Table 12.1: Short-Term Borrowings
2015 2014 2013
(in millions)
As of December 31,
Amount Rate Amount Rate Amount Rate
Federal funds purchased and securities sold under agreements to
repurchase
Commercial paper
Other short-term borrowings (1)
Total
$
$
82,948
334
14,246
97,528
0.21%
0.81
(0.10)
0.17
$ 51,052
2,456
10,010
$ 63,518
0.07%
0.34
0.07
0.08
$ 36,263
5,162
12,458
$ 53,883
0.05%
0.18
0.31
0.12
Year ended December 31,
Average daily balance
Federal funds purchased and securities sold under agreements to
repurchase
Commercial paper
Other short-term borrowings (1)
Total
$
$
75,021
1,583
10,861
87,465
0.09
0.36
(0.08)
0.07
$ 44,680
4,751
10,680
$ 60,111
0.08
0.17
0.18
0.10
$ 36,227
4,702
13,787
$ 54,716
0.08
0.25
0.22
0.13
Maximum month-end balance
Federal funds purchased and securities sold under agreements to
repurchase (2)
Commercial paper (3)
Other short-term borrowings (4)
$ 89,800
3,552
14,246
N/A
N/A
N/A
$ 51,052
6,070
12,209
N/A
N/A
N/A
$ 39,451
5,700
16,564
N/A
N/A
N/A
N/A- Not applicable
(1) Negative other short-term borrowings rate in 2015 is a result of increased customer demand for certain securities in stock loan transactions combined with the impact of
low interest rates.
(2) Highest month-end balance in each of the last three years was October 2015, December 2014 and May 2013.
(3) Highest month-end balance in each of the last three years was March 2015, March 2014 and March 2013.
(4) Highest month-end balance in each of the last three years was December 2015, June 2014 and March 2013.
Wells Fargo & Company
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