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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 33,026 $ 34,596
Interest-earning deposits with banks 204,193 124,561
Federal funds sold and securities purchased under resale agreements 80,456 68,036
Trading, at fair value 97,302 86,155
Available-for-sale, at fair value 130,448 113,594
Held-to-maturity, at amortized cost 262,708 297,059
Loans held for sale 4,936 7,104
Total loans 936,682 955,871
Allowance for loan losses (14,606) (12,985)
Net loans 922,076 942,886
Mortgage servicing rights 8,508 10,480
Premises and equipment, net 9,266 8,350
Goodwill 25,175 25,173
Derivative assets 18,223 22,774
Equity securities 57,336 64,414
Other assets 78,815 75,838 [1]
Total assets [2] 1,932,468 1,881,020
Liabilities    
Noninterest-bearing deposits 360,279 458,010
Interest-bearing deposits 997,894 925,975
Total deposits 1,358,173 1,383,985
Short-term borrowings 89,559 51,145
Derivative liabilities 18,495 20,067 [1]
Accrued expenses and other liabilities 71,210 68,740
Long-term debt 207,588 174,870
Total liabilities [3] 1,745,025 1,698,807
Wells Fargo stockholders’ equity:    
Preferred stock 19,448 19,448
Common stock 9,136 9,136
Additional paid-in capital 60,555 60,319
Retained earnings 201,136 187,968 [1]
Accumulated other comprehensive income (loss) (11,580) (13,362) [1]
Treasury stock, at cost (92,960) (82,853)
Unearned ESOP shares 0 (429)
Total Wells Fargo stockholders’ equity 185,735 180,227
Noncontrolling interests 1,708 1,986
Total equity 187,443 182,213
Total liabilities and equity $ 1,932,468 $ 1,881,020
[1] In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[2] Our consolidated assets at December 31, 2023 and 2022, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Debt securities, $0 million and $71 million; Loans, $4.9 billion and $4.8 billion; All other assets, $435 million and $191 million; and Total assets, $5.3 billion and $5.1 billion, respectively.
[3] Our consolidated liabilities at December 31, 2023 and 2022, include $115 million and $201 million, respectively, of VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo