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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 33,530 $ 33,026
Interest-earning deposits with banks 152,016 204,193
Federal funds sold and securities purchased under resale agreements 105,390 80,456
Trading, at fair value 120,677 97,302
Available-for-sale, at fair value 166,004 130,448
Held-to-maturity, at amortized cost 243,151 262,708
Loans held for sale 7,275 4,936
Total loans 909,711 936,682
Allowance for loan losses (14,330) (14,606)
Net loans 895,381 922,076
Mortgage servicing rights 7,493 8,508
Premises and equipment, net 9,955 9,266
Goodwill 25,173 25,175
Derivative assets 17,721 18,223
Equity securities 59,771 57,336
Other assets 78,588 78,815
Total assets [1] 1,922,125 1,932,468
Liabilities    
Noninterest-bearing deposits 370,005 360,279
Interest-bearing deposits 979,641 997,894
Total deposits 1,349,646 1,358,173
Short-term borrowings 111,894 89,559
Derivative liabilities 11,390 18,495
Accrued expenses and other liabilities 82,169 71,210
Long-term debt 182,015 207,588
Total liabilities [2] 1,737,114 1,745,025
Wells Fargo stockholders’ equity:    
Preferred stock 18,608 19,448
Common stock 9,136 9,136
Additional paid-in capital 60,623 60,555
Retained earnings 210,749 201,136
Accumulated other comprehensive income (loss) (8,372) (11,580)
Treasury stock, at cost (107,479) (92,960)
Total Wells Fargo stockholders’ equity 183,265 185,735
Noncontrolling interests 1,746 1,708
Total equity 185,011 187,443
Total liabilities and equity $ 1,922,125 $ 1,932,468
[1] Our consolidated assets at September 30, 2024, and December 31, 2023, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Loans, $10.7 billion and $4.9 billion; all other assets, $542 million and $435 million; and Total assets, $11.3 billion and $5.3 billion, respectively.
[2] Our consolidated liabilities at September 30, 2024, and December 31, 2023, include the following VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo: Long-term debt, $1.3 billion and $0; accrued expenses and other liabilities, $128 million and $115 million; and Total liabilities $1.4 billion and $115 million, respectively.