Wells Fargo 2010 Annual Report Download - page 46

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Earnings Performance (continued)
Table 6 allocates the changes in net interest income on a
taxable-equivalent basis to changes in either average balances or
average rates for both interest-earning assets and
interest-bearing liabilities. Because of the numerous
simultaneous volume and rate changes during any period, it is
not possible to precisely allocate such changes between volume
and rate. For this table, changes that are not solely due to either
volume or rate are allocated to these categories in proportion to
the percentage changes in average volume and average rate.
Table 6: Analysis of Changes in Net Interest Income
Year ended December 31,
2010 over 2009
2009 over 2008
(in millions) Volume
Rate
Total
Volume
Rate
Total
Increase (decrease) in interest income:
Federal funds sold, securities purchased under resale
agreements and other short-term investments $ 148
(68)
80
156
(96)
60
Trading assets 349
(172)
177
715
40
755
Debt securities available for sale:
Securities of U.S. Treasury and federal agencies (17)
9
(8)
41
(13)
28
Securities of U.S. states and political subdivisions 190
(50)
140
369
(30)
339
Mortgage-backed securities:
Federal agencies (622)
(272)
(894)
2,229
(261)
1,968
Residential and commercial (1,113)
359
(754)
1,823
915
2,738
Total mortgage-backed securities (1,735)
87
(1,648)
4,052
654
4,706
Other debt securities 123
(312)
(189)
1,292
(1)
1,291
Total debt securities available for sale (1,439)
(266)
(1,705)
5,754
610
6,364
Mortgages held for sale (35)
(159)
(194)
635
(278)
357
Loans held for sale (69)
(13)
(82)
169
(34)
135
Loans:
Commercial:
Commercial and industrial (1,425)
968
(457)
3,904
(2,295)
1,609
Real estate mortgage 81
390
471
3,278
(2,329)
949
Real estate construction (306)
167
(139)
1,140
(938)
202
Lease financing (120)
(16)
(136)
602
372
974
Foreign (36)
(139)
(175)
1,176
(712)
464
Total commercial (1,806)
1,370
(436)
10,100
(5,902)
4,198
Consumer:
Real estate 1-4 family first mortgage (150)
(636)
(786)
9,055
(1,071)
7,984
Real estate 1-4 family junior lien mortgage (249)
(321)
(570)
1,727
(1,572)
155
Credit card (123)
269
146
457
6
463
Other revolving credit and installment (140)
(65)
(205)
2,594
(1,386)
1,208
Total consumer (662)
(753)
(1,415)
13,833
(4,023)
9,810
Total loans (2,468)
617
(1,851)
23,933
(9,925)
14,008
Other (8)
29
21
137
(42)
95
Total increase (decrease) in interest income (3,522)
(32)
(3,554)
31,499
(9,725)
21,774
Increase (decrease) in interest expense:
Deposits:
Interest-bearing checking (13)
(15)
(28)
136
(100)
36
Market rate and other savings 224
(511)
(287)
1,396
(2,216)
(820)
Savings certificates (729)
238
(491)
1,601
(1,078)
523
Other time deposits (121)
8
(113)
294
(66)
228
Deposits in foreign offices 5
(28)
(23)
91
(805)
(714)
Total interest-bearing deposits (634)
(308)
(942)
3,518
(4,265)
(747)
Short-term borrowings (21)
(104)
(125)
(259)
(988)
(1,247)
Long-term debt (1,209)
311
(898)
3,544
(1,547)
1,997
Other liabilities 65
(10)
55
172
-
172
Total increase (decrease) in interest expense (1,799)
(111)
(1,910)
6,975
(6,800)
175
Increase (decrease) in net interest income
on a taxable-equivalent basis $ (1,723)
79
(1,644)
24,524
(2,925)
21,599
44