Condensed Consolidating Financial Statements (Tables)

Condensed Consolidating Statement of Income

						Other
						consolidating		Consolidated
(in millions)				Parent	WFFI	subsidiaries	Eliminations	Company
Quarter ended March 31, 2012
Dividends from subsidiaries:
	Bank		$	3,051	-	-	(3,051)	-
	Nonbank			377	-	-	(377)	-
Interest income from loans				-	483	8,780	(66)	9,197
Interest income from subsidiaries				232	-	-	(232)	-
Other interest income				57	15	2,986	-	3,058
		Total interest income		3,717	498	11,766	(3,726)	12,255
Deposits				-	-	457	-	457
Short-term borrowings				44	14	149	(191)	16
Long-term debt				505	113	319	(107)	830
Other interest expense				3	-	61	-	64
		Total interest expense		552	127	986	(298)	1,367
Net interest income				3,165	371	10,780	(3,428)	10,888
Provision for credit losses				-	165	1,830	-	1,995
Net interest income after provision for credit losses				3,165	206	8,950	(3,428)	8,893
Noninterest income
Fee income – nonaffiliates				-	27	5,645	-	5,672
Other				(42)	26	5,255	(163)	5,076
		Total noninterest income		(42)	53	10,900	(163)	10,748
Noninterest expense
Salaries and benefits				105	23	7,498	-	7,626
Other				86	105	5,339	(163)	5,367
		Total noninterest expense		191	128	12,837	(163)	12,993
Income (loss) before income tax expense (benefit) and
	equity in undistributed income of subsidiaries			2,932	131	7,013	(3,428)	6,648
Income tax expense (benefit)				(111)	45	2,394	-	2,328
Equity in undistributed income of subsidiaries				1,205	-	-	(1,205)	-
Net income (loss) before noncontrolling interests				4,248	86	4,619	(4,633)	4,320
Less: Net income from noncontrolling interests				-	-	72	-	72
Parent, WFFI, Other and Wells Fargo net income (loss)			$	4,248	86	4,547	(4,633)	4,248

Quarter ended March 31, 2011
Dividends from subsidiaries:
	Bank		$	1,592	-	-	(1,592)	-
	Nonbank			-	-	-	-	-
Interest income from loans				-	578	8,932	(123)	9,387
Interest income from subsidiaries				308	-	-	(308)	-
Other interest income				48	29	3,008	-	3,085
		Total interest income		1,948	607	11,940	(2,023)	12,472
Deposits				-	-	615	-	615
Short-term borrowings				105	15	187	(281)	26
Long-term debt				694	167	393	(150)	1,104
Other interest expense				1	-	75	-	76
		Total interest expense		800	182	1,270	(431)	1,821
Net interest income				1,148	425	10,670	(1,592)	10,651
Provision for credit losses				-	247	1,963	-	2,210
Net interest income after provision for credit losses				1,148	178	8,707	(1,592)	8,441
Noninterest income
Fee income – nonaffiliates				-	28	5,846	-	5,874
Other				(3)	24	3,939	(156)	3,804
		Total noninterest income		(3)	52	9,785	(156)	9,678
Noninterest expense
Salaries and benefits				190	27	6,976	-	7,193
Other				153	145	5,398	(156)	5,540
		Total noninterest expense		343	172	12,374	(156)	12,733
Income (loss) before income tax expense (benefit) and
	equity in undistributed income of subsidiaries			802	58	6,118	(1,592)	5,386
Income tax expense (benefit)				(434)	15	1,991	-	1,572
Equity in undistributed income of subsidiaries				2,523	-	-	(2,523)	-
Net income (loss) before noncontrolling interests				3,759	43	4,127	(4,115)	3,814
Less: Net income from noncontrolling interests				-	-	55	-	55
Parent, WFFI, Other and Wells Fargo net income (loss)			$	3,759	43	4,072	(4,115)	3,759

Condensed Consolidating Statement of Comprehensive Income

					Other
					consolidating		Consolidated
(in millions)			Parent	WFFI	subsidiaries	Eliminations	Company
Quarter ended March 31, 2012
Parent, WFFI, Other and Wells Fargo net income (loss)		$	4,248	86	4,547	(4,633)	4,248
Other comprehensive income, net of tax:
	Foreign currency translation adjustments		-	6	15	(15)	6
	Securities available for sale		41	(6)	989	-	1,024
	Derivatives and hedging activities		3	-	(40)	-	(37)
	Defined benefit plans adjustment		21	2	(3)	-	20
	Equity in other comprehensive income of subsidiaries		944	-	-	(944)	-
Other comprehensive income, net of tax:			1,009	2	961	(959)	1,013
Less: Other comprehensive income from noncontrolling interests			-	-	4	-	4
Parent, WFFI, Other and Wells Fargo other comprehensvie income, net of tax			1,009	2	957	(959)	1,009

Parent, WFFI, Other and Wells Fargo comprehensvie income			5,257	88	5,504	(5,592)	5,257
Comprehensive income from noncontrolling interests			-	-	76	-	76
Total comprehensive income		$	5,257	88	5,580	(5,592)	5,333

Quarter ended March 31, 2011
Parent, WFFI, Other and Wells Fargo net income (loss)		$	3,759	43	4,072	(4,115)	3,759
Other comprehensive income, net of tax:
	Foreign currency translation adjustments		-	9	6	-	15
	Securities available for sale		30	1	317	-	348
	Derivatives and hedging activities		17	-	(116)	-	(99)
	Defined benefit plans adjustment		13	1	1	-	15
	Equity in other comprehensive income of subsidiaries		223	-	-	(223)	-
Other comprehensive income, net of tax:			283	11	208	(223)	279
Less: Other comprehensive income from noncontrolling interests			-	-	(4)	-	(4)
Parent, WFFI, Other and Wells Fargo other comprehensvie income, net of tax			283	11	212	(223)	283

Parent, WFFI, Other and Wells Fargo comprehensvie income			4,042	54	4,284	(4,338)	4,042
Comprehensive income from noncontrolling interests			-	-	51	-	51
Total comprehensive income		$	4,042	54	4,335	(4,338)	4,093

Condensed Consolidating Balance Sheets

							Other
							consolidating		Consolidated
(in millions)					Parent	WFFI	subsidiaries	Eliminations	Company
March 31, 2012
Assets
Cash and cash equivalents due from:
	Subsidiary banks			$	28,627	187	-	(28,814)	-
	Nonaffiliates				8	506	90,629	-	91,143
Securities available for sale					5,727	1,786	223,078	(325)	230,266
Mortgages and loans held for sale					-	-	44,407	-	44,407

Loans					6	27,483	756,919	(17,887)	766,521
Loans to subsidiaries:
	Bank				3,885	-	-	(3,885)	-
	Nonbank				45,044	-	-	(45,044)	-
Allowance for loan losses					-	(1,708)	(17,144)	-	(18,852)
		Net loans			48,935	25,775	739,775	(66,816)	747,669
Investments in subsidiaries:
	Bank				137,394	-	-	(137,394)	-
	Nonbank				17,659	-	-	(17,659)	-
Other assets					8,156	1,443	212,412	(1,697)	220,314
			Total assets	$	246,506	29,697	1,310,301	(252,705)	1,333,799
Liabilities and equity
Deposits				$	-	-	959,081	(28,814)	930,267
Short-term borrowings					888	15,431	79,910	(45,265)	50,964
Accrued expenses and other liabilities					7,346	1,807	68,511	(1,697)	75,967
Long-term debt					79,569	10,772	48,100	(8,689)	129,752
Indebtedness to subsidiaries					13,187	-	-	(13,187)	-
		Total liabilities			100,990	28,010	1,155,602	(97,652)	1,186,950
Parent, WFFI, Other and Wells Fargo stockholders' equity					145,516	1,687	153,366	(155,053)	145,516
Noncontrolling interests					-	-	1,333	-	1,333
		Total equity			145,516	1,687	154,699	(155,053)	146,849
			Total liabilities and equity	$	246,506	29,697	1,310,301	(252,705)	1,333,799

December 31, 2011
Assets
Cash and cash equivalents due from:
	Subsidiary banks			$	19,312	211	-	(19,523)	-
	Nonaffiliates				30	355	63,422	-	63,807
Securities available for sale					7,427	1,670	213,516	-	222,613
Mortgages and loans held for sale					-	-	49,695	-	49,695

Loans					6	26,735	759,794	(16,904)	769,631
Loans to subsidiaries:
	Bank				3,885	-	-	(3,885)	-
	Nonbank				46,987	-	-	(46,987)	-
Allowance for loan losses					-	(1,775)	(17,597)	-	(19,372)
		Net loans			50,878	24,960	742,197	(67,776)	750,259
Investments in subsidiaries:
	Bank				135,155	-	-	(135,155)	-
	Nonbank				17,294	-	-	(17,294)	-
Other assets					7,573	1,255	219,945	(1,280)	227,493
			Total assets	$	237,669	28,451	1,288,775	(241,028)	1,313,867
Liabilities and equity
Deposits				$	-	-	939,593	(19,523)	920,070
Short-term borrowings					759	15,503	79,682	(46,853)	49,091
Accrued expenses and other liabilities					7,052	1,603	70,290	(1,280)	77,665
Long-term debt					77,613	9,746	46,914	(8,919)	125,354
Indebtedness to subsidiaries					12,004	-	-	(12,004)	-
		Total liabilities			97,428	26,852	1,136,479	(88,579)	1,172,180
Parent, WFFI, Other and Wells Fargo stockholders' equity					140,241	1,599	150,850	(152,449)	140,241
Noncontrolling interests					-	-	1,446	-	1,446
		Total equity			140,241	1,599	152,296	(152,449)	141,687
			Total liabilities and equity	$	237,669	28,451	1,288,775	(241,028)	1,313,867

Condensed Consolidating Statements of Cash Flows

						Quarter ended March 31,
						2012				2011
								Other				Other
								consolidating				consolidating
								subsidiaries/	Consolidated			subsidiaries/	Consolidated
(in millions)						Parent	WFFI	eliminations	Company	Parent	WFFI	eliminations	Company
Cash flows from operating activities:
		Net cash provided
			by operating activities		$	2,754	220	12,931	15,905	2,409	394	14,408	17,211
Cash flows from investing activities:
Securities available for sale:
	Sales proceeds					2,107	190	1,945	4,242	152	92	15,117	15,361
	Prepayments and maturities					-	39	12,278	12,317	-	60	11,591	11,651
	Purchases					(24)	(273)	(17,859)	(18,156)	(117)	(100)	(18,614)	(18,831)
Loans:
	Loans originated by banking
		subsidiaries, net of principal
		collected				-	9	(3,112)	(3,103)	-	152	(366)	(214)
	Proceeds from sales (including
		participations) of loans
		originated for investment by
		banking subsidiaries				-	-	2,193	2,193	-	-	2,165	2,165
	Purchases (including participations)
		of loans by banking
		subsidiaries				-	-	(2,423)	(2,423)	-	-	(644)	(644)
	Principal collected on nonbank
		entities' loans				-	1,987	16	2,003	-	2,549	(3)	2,546
	Loans originated by nonbank entities					-	(1,620)	-	(1,620)	-	(1,903)	(1)	(1,904)
	Net repayments from
		(advances to) subsidiaries				1,361	140	(1,501)	-	(212)	(82)	294	-
	Capital notes and term loans
		made to subsidiaries				(50)	(1,506)	1,556	-	(364)	-	364	-
	Principal collected on notes/loans
		made to subsidiaries				605	-	(605)	-	1,900	-	(1,900)	-
Net decrease (increase) in
	investment in subsidiaries					(401)	-	401	-	(13)	-	13	-
Net cash paid for acquisitions						-	-	(426)	(426)	-	-	-	-
Other, net						-	7	(27,995)	(27,988)	14	29	(8,941)	(8,898)
		Net cash provided (used)
			by investing activities			3,598	(1,027)	(35,532)	(32,961)	1,360	797	(925)	1,232
Cash flows from financing activities:
Net change in:
	Deposits					-	-	10,194	10,194	-	-	(10,280)	(10,280)
	Short-term borrowings					(203)	(72)	1,763	1,488	(1,076)	1,487	(1,075)	(664)
Long-term debt:
	Proceeds from issuance					7,851	1,506	(358)	8,999	3,238	513	1,466	5,217
	Repayment					(4,169)	(500)	(568)	(5,237)	(6,500)	(3,128)	(4,305)	(13,933)
Preferred stock:
	Proceeds from issuance					-	-	-	-	2,501	-	-	2,501
	Cash dividends paid					(286)	-	-	(286)	(251)	-	-	(251)
Common stock:
	Proceeds from issuance					879	-	-	879	634	-	-	634
	Repurchased					(64)	-	-	(64)	(55)	-	-	(55)
	Cash dividends paid					(1,165)	-	-	(1,165)	(634)	-	-	(634)
Excess tax benefits related to
	stock option payments					98	-	-	98	55	-	-	55
Net change in noncontrolling interests						-	-	(290)	(290)	-	(11)	(88)	(99)
		Net cash provided (used) by
			financing activities			2,941	934	10,741	14,616	(2,088)	(1,139)	(14,282)	(17,509)
			Net change in cash and
				due from banks		9,293	127	(11,860)	(2,440)	1,681	52	(799)	934
Cash and due from banks
	at beginning of period					19,342	566	(468)	19,440	30,249	366	(14,571)	16,044
Cash and due from banks
	at end of period				$	28,635	693	(12,328)	17,000	31,930	418	(15,370)	16,978