Wells Fargo 2015 Annual Report Download - page 201

Note 13: Long-Term Debt
We issue long-term debt denominated in multiple currencies,
predominantly in U.S. dollars. Our issuances have both fixed and
floating interest rates. As a part of our overall interest rate risk
management strategy, we often use derivatives to manage our
exposure to interest rate risk. We also use derivatives to manage
our exposure to foreign currency risk. As a result, a major
portion of the long-term debt presented below is hedged in a fair
value or cash flow hedge relationship. See Note 16 (Derivatives)
for further information on qualifying hedge contracts.
Table 13.1: Long-Term Debt
Table 13.1 presents a summary of our long-term debt
carrying values, reflecting unamortized debt discounts and
premiums, and purchase accounting adjustments, where
applicable. The interest rates displayed represent the range of
contractual rates in effect at December 31, 2015. These interest
rates do not include the effects of any associated derivatives
designated in a hedge accounting relationship.
(in millions)
Wells Fargo & Company (Parent only)
Senior
Fixed-rate notes
Floating-rate notes
Structured notes (1)
Total senior debt - Parent
Subordinated
Fixed-rate notes (2)
Floating-rate notes
Total subordinated debt - Parent
Junior subordinated
Fixed-rate notes - hybrid trust securities
Floating-rate notes
Total junior subordinated debt - Parent (3)
Total long-term debt - Parent (2)
Wells Fargo Bank, N.A. and other bank entities (Bank)
Senior
Fixed-rate notes
Floating-rate notes
Floating-rate extendible notes (4)
Fixed-rate advances - Federal Home Loan Bank (FHLB) (5)
Floating-rate advances - FHLB (5)
Structured notes (1)
Capital leases (Note 7)
Total senior debt - Bank
Subordinated
Fixed-rate notes
Floating-rate notes
Total subordinated debt - Bank
Junior subordinated
Floating-rate notes
Total junior subordinated debt - Bank (3)
Long-term debt issued by VIE - Fixed rate (6)
Long-term debt issued by VIE - Floating rate (6)
Mortgage notes and other debt (7)
Total long-term debt - Bank
Maturity date(s)
2016-2045
2016-2048
2016-2053
2016-2045
2016
2029-2036
2027
2016-2053
2016-2017
2016-2031
2017-2020
2016-2025
2016-2025
2016-2038
2016-2017
2027
2020-2047
2016-2047
2016-2065
Stated interest rate(s)
0.375-6.75%
0.070-3.152
0.00-3.890
3.45-7.574%
0.691
5.95-7.95%
0.821-1.321
0.084-0.806%
0.407-0.766
3.83-7.50
0.32-0.87
2.45-7.15
7.045-17.775
5.25-7.74%
0.572-2.64
0.932-0.971%
0.00-7.00%
0.00-18.78
0.37-9.20
$
December 31,
2015 2014
68,604 54,441
15,942 15,317
5,672 4,825
90,218 74,583
25,119 19,688
639 1,215
25,758 20,903
1,398 1,378
280 272
1,678 1,650
117,654 97,136
— 500
6,694 4,969
6,315 11,048
102 125
37,000 34,000
1 4
8 9
50,120 50,655
7,927 10,310
989 994
8,916 11,304
322 313
322 313
456 609
845 996
16,365 16,239
77,024 80,116
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