Wells Fargo 2015 Annual Report Download - page 242

Note 18: Preferred Stock (continued)
Table 18.2: Preferred Stock – Par and Carrying Value
December 31, 2015 December 31, 2014
(in millions, except shares)
Shares
issued and
outstanding Par value
Carrying
value Discount
Shares issued
and
outstanding Par value
Carrying
value Discount
DEP Shares
Dividend Equalization Preferred Shares (DEP) 96,546 $ — — — 96,546 $ — — —
Series I (1)
Floating Class A Preferred Stock 25,010 2,501 2,501 — 25,010 2,501 2,501 —
Series J (1)
8.00% Non-Cumulative Perpetual Class A Preferred Stock 2,150,375 2,150 1,995 155 2,150,375 2,150 1,995 155
Series K (1)
7.98% Fixed-to-Floating Non-Cumulative Perpetual Class A
Preferred Stock 3,352,000 3,352 2,876 476 3,352,000 3,352 2,876 476
Series L (1)
7.50% Non-Cumulative Perpetual Convertible Class A
Preferred Stock 3,968,000 3,968 3,200 768 3,968,000 3,968 3,200 768
Series N (1)
5.20% Non-Cumulative Perpetual Class A Preferred Stock 30,000 750 750 — 30,000 750 750 —
Series O (1)
5.125% Non-Cumulative Perpetual Class A Preferred Stock 26,000 650 650 — 26,000 650 650 —
Series P (1)
5.25% Non-Cumulative Perpetual Class A Preferred Stock 25,000 625 625 — 25,000 625 625 —
Series Q (1)
5.85% Fixed-to-Floating Non-Cumulative Perpetual Class A
Preferred Stock 69,000 1,725 1,725 — 69,000 1,725 1,725 —
Series R (1)
6.625% Fixed-to-Floating Non-Cumulative Perpetual Class A
Preferred Stock 33,600 840 840 — 33,600 840 840 —
Series S (1)
5.900% Fixed-to-Floating Non-Cumulative Perpetual Class A
Preferred Stock 80,000 2,000 2,000 — 80,000 2,000 2,000 —
Series T (1)
6.000% Non-Cumulative Perpetual Class A Preferred Stock 32,000 800 800 — 32,000 800 800 —
Series U (1)
5.875% Fixed-to-Floating Non-Cumulative Perpetual Class A
Preferred Stock 80,000 2,000 2,000 — — — — —
Series V (1)
6.000% Non-Cumulative Perpetual Class A Preferred Stock 40,000 1,000 1,000 — — — — —
ESOP
Cumulative Convertible Preferred Stock 1,252,386 1,252 1,252 — 1,251,287 1,251 1,251 —
Total 11,259,917 $ 23,613 22,214 1,399 11,138,818 $ 20,612 19,213 1,399
(1) Preferred shares qualify as Tier 1 capital.
In January 2015, we issued 2 million Depositary Shares,
each representing a 1/25th interest in a share of Non-Cumulative
Perpetual Class A Preferred Stock, Series U, for an aggregate
public offering price of $2.0 billion. In September 2015, we
issued 40 million Depositary Shares each representing a
1/1,000th interest in a share of the Non-Cumulative Perpetual
Class A Preferred Stock, Series V, for an aggregate public
offering price of $1.0 billion.
See Note 8 (Securitizations and Variable Interest Entities)
for additional information on our trust preferred securities. We
do not have a commitment to issue Series H preferred stock.
Wells Fargo & Company
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