Wells Fargo 2012 Annual Report Download - page 150
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Note 5: Securities Available for Sale (continued)
Realized Gains and Losses
The following table shows the gross realized gains and losses on
sales and OTTI write-downs related to the securities available-
for-sale portfolio, which includes marketable equity securities, as
well as net realized gains and losses on nonmarketable equity
investments (see Note 7 – Other Assets).
Year ended December 31,
(in millions) 2012 2011 2010
Gross realized gains $ 600 1,305 645
Gross realized losses (73) (70) (32)
OTTI write-downs (256) (541) (692)
Net realized gains (losses) from
securities available for sale 271 694 (79)
Net realized gains from private
equity investments 1,086 842 534
Net realized gains from debt
securities and equity
investments $ 1,357 1,536 455
Other-Than-Temporary Impairment
The following table shows the detail of total OTTI write-downs
included in earnings for debt securities, marketable securities
and nonmarketable equity investments.
Year ended December 31,
(in millions) 2012 2011 2010
OTTI write-downs included in earnings
Debt securities:
U.S. states and political subdivisions $ 16 2 16
Mortgage-backed securities:
Federal agencies (1) - - 267
Residential 84 252 175
Commercial 86 101 120
Corporate debt securities 11 3 10
Collateralized debt obligations 1 1 15
Other debt securities 42 64 69
Total debt securities 240 423 672
Equity securities:
Marketable equity securities:
Perpetual preferred securities 12 96 15
Other marketable equity securities 4 22 5
Total marketable equity securities 16 118 20
Total securities available for sale 256 541 692
Nonmarketable equity investments 160 170 248
Total OTTI write-downs included in earnings $ 416 711 940
(1) For the year ended December 31, 2010, amount represents OTTI recognized on federal agency MBS because we had the intent to sell, of which $252 million related to
securities with a fair value of $14.5 billion that were sold subsequent to December 31, 2010.
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