EX-99.7 6 d895812dex997.htm EX-99.7 EX-99.7

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business March 31, 2020, filed in accordance with 12 U.S.C. §161 for National Banks.

 

            Dollar Amounts
In Millions
 

ASSETS

     

Cash and balances due from depository institutions:

     

Noninterest-bearing balances and currency and coin

      $ 21,745  

Interest-bearing balances

        123,531  

Securities:

     

Held-to-maturity securities

        169,848  

Available-for-sale securities

        242,111  

Equity Securities with readily determinable fair value not held for trading

        122  

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        82  

Securities purchased under agreements to resell

        58,438  

Loans and lease financing receivables:

     

Loans and leases held for sale

        14,855  

Loans and leases, net of unearned income

     968,033     

LESS: Allowance for loan and lease losses

     10,893     

Loans and leases, net of unearned income and allowance

        957,140  

Trading Assets

        58,848  

Premises and fixed assets (including capitalized leases)

        11,733  

Other real estate owned

        235  

Investments in unconsolidated subsidiaries and associated companies

        13,202  

Direct and indirect investments in real estate ventures

        12  

Intangible assets

        32,598  

Other assets

        59,196  
     

 

 

 

Total assets

      $ 1,763,696  
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,403,302  

Noninterest-bearing

     452,458     

Interest-bearing

     950,844     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        44,243  

Noninterest-bearing

     858     

Interest-bearing

     43,385     

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        2,055  

Securities sold under agreements to repurchase

        6,389  


            Dollar Amounts
In Millions
 

Trading liabilities

                         15,841  

Other borrowed money

     

(Includes mortgage indebtedness and obligations under capitalized leases)

        76,704  

Subordinated notes and debentures

        12,499  

Other liabilities

        32,411  
     

 

 

 

Total liabilities

      $ 1,593,444  

EQUITY CAPITAL

     

Perpetual preferred stock and related surplus

        0  

Common stock

        519  

Surplus (exclude all surplus related to preferred stock)

        114,728  

Retained earnings

        54,130  

Accumulated other comprehensive income

        844  

Other equity capital components

        0  
     

 

 

 

Total bank equity capital

        170,221  

Noncontrolling (minority) interests in consolidated subsidiaries

        31  
     

 

 

 

Total equity capital

        170,252  
     

 

 

 

Total liabilities, and equity capital

      $ 1,763,696  
     

 

 

 

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

John R. Shrewsberry

Sr. EVP & CFO    

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Directors

Maria R. Morris

Theodore F. Craver, Jr.

Juan A. Pujadas