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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 28,236 $ 21,757
Interest-earning deposits with banks 236,376 119,493
Total cash, cash equivalents, and restricted cash 264,612 141,250
Federal funds sold and securities purchased under resale agreements 65,672 102,140
Trading debt securities 75,095 79,733
Available-for-sale, at fair value [1] 220,392 263,459
Held-to-maturity, at amortized cost, net of allowance for credit losses [1] 205,720  
Held-to-maturity, amortized cost 205,761 153,933 [1]
Loans held for sale [2] 36,384 24,319
Loans 887,637 962,265
Allowance for loan losses (18,516) (9,551)
Net loans 869,121 952,714
Mortgage servicing rights 7,437 12,947
Premises and equipment, net 8,895 9,309
Goodwill 26,392 26,390
Derivative assets 25,846 14,203
Equity securities 62,260 68,241
Other assets 87,337 78,917
Total assets [3] 1,955,163 1,927,555
Liabilities    
Noninterest-bearing deposits 467,068 344,496
Interest-bearing deposits 937,313 978,130
Total deposits 1,404,381 1,322,626
Short-term borrowings 58,999 104,512
Derivative liabilities 16,509 9,079
Accrued expenses and other liabilities 76,404 75,163
Long-term debt 212,950 228,191
Total liabilities [4] 1,769,243 1,739,571
Wells Fargo stockholders’ equity:    
Preferred stock 21,136 21,549
Common stock 9,136 9,136
Additional paid-in capital 60,197 61,049
Retained earnings 162,890 166,697
Cumulative other comprehensive income (loss) 194 (1,311)
Treasury stock (67,791) (68,831)
Unearned ESOP shares 875 1,143
Total Wells Fargo stockholders’ equity 184,887 187,146
Noncontrolling interests 1,033 838
Total equity 185,920 187,984
Total liabilities and equity $ 1,955,163 $ 1,927,555
[1] Prior to our adoption of CECL on January 1, 2020, the allowance for credit losses (ACL) related to available-for-sale (AFS) and held-to-maturity (HTM) debt securities was not applicable. For additional information, see Note 1 (Summary of Significant Accounting Policies) to Financial Statements in this Report.
[2] In 2020, loans held for sale and mortgage loans held for sale were combined into a single line item, and mortgage servicing rights measured at fair value and at amortized cost were combined into a single line item. Prior period balances have been revised to conform with the current period presentation.
[3] Our consolidated assets at December 31, 2020 and 2019, included the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Debt securities, $967 million and $540 million; Net loans, $10.9 billion and $13.2 billion; All other assets, $310 million and $658 million; and Total assets, $12.1 billion and $14.4 billion, respectively. Prior period balances have been conformed to current period presentation.
[4] Our consolidated liabilities at December 31, 2020 and 2019, include the following VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo: Long-term debt, $203 million and $587 million; All other liabilities, $900 million and $639 million; and Total liabilities, $1.1 billion and $1.2 billion, respectively. Prior period balances have been conformed to current period presentation.