Wells Fargo 2010 Annual Report Download - page 151

Download and view the complete annual report

Please find page 151 of the 2010 Wells Fargo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 232

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232

(continued from previous page)
Other
Total
Debt and
commitments
VIE
equity
Servicing
and
Net
(in millions)
assets
interests (1)
assets
Derivatives
guarantees
assets
December 31, 2009
Carrying value - asset (liability)
Residential mortgage loan securitizations (4):
Conforming $ 1,150,515
5,846
13,949
-
(869)
18,926
Other/nonconforming 251,850
11,683
1,538
16
(15)
13,222
Commercial mortgage securitizations 345,561
3,760
696
489
-
4,945
Collateralized debt obligations:
Debt securities 45,684
3,024
-
1,746
-
4,770
Loans (2) 10,215
9,964
-
-
-
9,964
Multi-seller commercial paper conduit (5) 5,160
-
-
-
-
-
Asset-based finance structures 17,467
10,187
-
(72)
(248)
9,867
Tax credit structures 27,537
4,659
-
-
(653)
4,006
Collateralized loan obligations 23,830
3,602
-
64
-
3,666
Investment funds 84,642
1,831
-
-
(129)
1,702
Other (3) 23,538
3,626
50
1,015
(293)
4,398
Total $ 1,985,999
58,182
16,233
3,258
(2,207)
75,466
Maximum exposure to loss
Residential mortgage loan securitizations (4):
Conforming $ 5,846
13,949
-
4,567
24,362
Other/nonconforming 11,683
1,538
30
218
13,469
Commercial mortgage securitizations 3,760
696
766
-
5,222
Collateralized debt obligations:
Debt securities 3,024
-
3,586
33
6,643
Loans (2) 9,964
-
-
-
9,964
Multi-seller commercial paper conduit (5) -
-
5,263
-
5,263
Asset-based finance structures 10,187
-
72
968
11,227
Tax credit structures 4,659
-
-
4
4,663
Collateralized loan obligations 3,702
-
64
473
4,239
Investment funds (6) 2,331
-
500
218
3,049
Other (3) 3,626
50
1,818
1,774
7,268
Total $ 58,782
16,233
12,099
8,255
95,369
(1) Excludes certain debt securities held related to loans serviced for FNMA, FHLMC and GNMA.
(2) Represents senior loans to trusts that are collateralized by asset-backed securities. The trusts invest primarily in senior tranches from a diversified pool of primarily U.S.
asset securitizations, of which all are current, and over 91% were rated as investment grade by the primary rating agencies at December 31, 2010. These senior loans were
acquired in the Wachovia business combination and are accounted for at amortized cost as initially determined under purchase accounting and are subject to the Company’s
allowance and credit charge-off policies.
(3) Includes student loan securitizations, auto loan securitizations and credit-linked note structures. Also contains investments in auction rate securities (ARS) issued by VIEs
that we do not sponsor and, accordingly, are unable to obtain the total assets of the entity.
(4) Total VIE assets at December 31, 2009, includes $20.9 billion of nonconforming residential mortgage securitizations that were consolidated in first quarter 2010.
(5) The multi-seller commercial paper conduit was consolidated in first quarter 2010.
(6) “Other commitments and guarantees” has been revised to correct previously reported amount.
149