Wells Fargo & Company (WFC) 10-K 26 Feb 10 2009 FY Annual report Financial data

Document and Company Informatio

Document and Company Information (USD $)
In Billions, except Share data	12 Months Ended Dec. 31, 2009	Jan. 31, 2009	Jun. 30, 2008
Document and Company Information [Abstract]
Entity Registrant Name	WELLS FARGO & CO/MN
Entity Central Index Key	0000072971
Document Type	10-K
Document Period End Date	2009-12-31
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			77.5
Entity Common Stock, Shares Outstanding		4,237,777,218

Consolidated Statement of Incom

Consolidated Statement of Income (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Interest income
Trading assets	$918	$177	$173
Securities available for sale	11,319	5,287	3,451
Mortgages held for sale	1,930	1,573	2,150
Loans held for sale	183	48	70
Loans	41,589	27,632	29,040
Other interest income	335	181	293
Total interest income	56,274	34,898	35,177
Interest expense
Deposits	3,774	4,521	8,152
Short-term borrowings	222	1,478	1,245
Long-term debt	5,782	3,756	4,806
Other interest expense	172	0	0
Total interest expense	9,950	9,755	14,203
Net interest income	46,324	25,143	20,974
Provision for credit losses	21,668	15,979	4,939
Net interest income after provision for credit losses	24,656	9,164	16,035
Noninterest income
Service charges on deposit accounts	5,741	3,190	3,050
Trust and investment fees	9,735	2,924	3,149
Card fees	3,683	2,336	2,136
Other fees	3,804	2,097	2,292
Mortgage banking	12,028	2,525	3,133
Insurance	2,126	1,830	1,530
Net gains from trading activities	2,674	275	544
Net gains (losses) on debt securities available for sale (includes impairment losses of $1,012, consisting of $2,352 of total other-than-temporary impairment losses, net of $1,340 recognized in other comprehensive income, for the year ended December 31, 2009)	(127)	1,037	209
Net gains (losses) from equity investments (includes impairment losses of $655 for the year ended December 31, 2009)	185	(757)	864
Operating leases	685	427	703
Other	1,828	850	936
Total noninterest income	42,362	16,734	18,546
Noninterest expense
Salaries	13,757	8,260	7,762
Commission and incentive compensation	8,021	2,676	3,284
Employee benefits	4,689	2,004	2,322
Equipment	2,506	1,357	1,294
Net occupancy	3,127	1,619	1,545
Core deposit and other intangibles	2,577	186	158
FDIC and other deposit assessments	1,849	120	34
Other	12,494	6,376	6,347
Total noninterest expense	49,020	22,598	22,746
Income before income tax expense	17,998	3,300	11,835
Income tax expense	5,331	602	3,570
Net income before noncontrolling interests	12,667	2,698	8,265
Less: Net income from noncontrolling interests	392	43	208
Wells Fargo net income	12,275	2,655	8,057
Wells Fargo net income applicable to common stock	$7,990	$2,369	$8,057
Per share information
Earnings per common share	1.76	0.7	2.41
Diluted earnings per common share	1.75	0.7	2.38
Dividends declared per common share	0.49	1.3	1.18
Average common shares outstanding	4545.2	3378.1	3348.5
Diluted average common shares outstanding	4562.7	3391.3	3382.8

1_Consolidated Statement of Inc

Consolidated Statement of Income (Parenthetical) (USD $)
In Millions	12 Months Ended Dec. 31, 2009
Noninterest income
Other-than-temporary impairment on debt securities in earnings	$1,012
Other-than-temporary impairment on equity securities in earnings	655
Other-than-temporary impairment on debt securities in earnings or other comprehensive income	2,352
Other-than-temporary non-credit related impairment on debt securities in other comprehensive income	$1,340

Consolidated Balance Sheet

Consolidated Balance Sheet (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Assets
Cash and due from banks	$27,080	$23,763
Federal funds sold, securities purchased under resale agreements and other short-term investments	40,885	49,433
Trading assets	43,039	54,884
Securities available for sale	172,710	151,569
Mortgages held for sale (includes $36,962 and $18,754 carried at fair value)	39,094	20,088
Loans held for sale (includes $149 and $398 carried at fair value)	5,733	6,228
Loans	782,770	864,830
Allowance for loan losses	(24,516)	(21,013)
Net loans	758,254	843,817
Mortgage servicing rights:
Measured at fair value (residential MSRs)	16,004	14,714
Amortized	1,119	1,446
Premises and equipment, net	10,736	11,269
Goodwill	24,812	22,627
Other assets	104,180	109,801
Total assets	1,243,646	1,309,639
Liabilities
Noninterest-bearing deposits	181,356	150,837
Interest-bearing deposits	642,662	630,565
Total deposits	824,018	781,402
Short-term borrowings	38,966	108,074
Accrued expenses and other liabilities	62,442	50,689
Long-term debt	203,861	267,158
Total liabilities	1,129,287	1,207,323
Wells Fargo stockholders' equity:
Preferred stock	8,485	31,332
Common stock - $1-2/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares and 4,363,921,429 shares	8,743	7,273
Additional paid-in capital	52,878	36,026
Retained earnings	41,563	36,543
Cumulative other comprehensive income (loss)	3,009	(6,869)
Treasury stock - 67,346,829 shares and 135,290,540 shares	(2,450)	(4,666)
Unearned ESOP shares	(442)	(555)
Total Wells Fargo stockholders' equity	111,786	99,084
Noncontrolling interests	2,573	3,232
Total equity	114,359	102,316
Total liabilities and equity	$1,243,646	$1,309,639

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) (USD $)
In Millions, except Share data	Dec. 31, 2009	Dec. 31, 2008
Assets
Mortgages held for sale, carried at fair value	$36,962	$18,754
Loans held for sale, carried at fair value	$149	$398
Wells Fargo stockholders' equity:
Common stock, par value	1.67	1.67
Common stock, shares authorized	6,000,000,000	6,000,000,000
Common stock, shares issued	5,245,971,422	4,363,921,429
Treasury stock, shares	67,346,829	135,290,540

Consolidated Statement of Chang

Consolidated Statement of Changes In Stockholders Equity and Comprehensive Income (USD $)
In Millions, except Share data	Previously Reported	Previously Reported Preferred stock	Previously Reported Common stock	Previously Reported Additional paid-in capital	Previously Reported Retained earnings	Previously Reported Cumulative other comprehensive income	Previously Reported Treasury stock	Previously Reported Unearned ESOP	Previously Reported Total stockholders' equity	Previously Reported Noncontrolling interests	Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Cumulative other comprehensive income	Treasury stock	Unearned ESOP	Total stockholders' equity	Noncontrolling interests	Total
Shares, Beginning Balance at Dec. 31, 2005												3,355,166,064
Cumulative effect from change in accounting for leveraged leases														($71)				($71)		($71)
Noncontrolling interests:
Ending Balance at Dec. 31, 2006	46,068	384	5,788	7,739	35,215	302	(3,203)	(411)	45,814	254	384	5,788	7,739	35,144	302	(3,203)	(411)	45,743	254	45,997
Shares, Ending Balance at Dec. 31, 2006		383,804	3,377,149,861								383,804	3,377,149,861
Cumulative effect from change in accounting for post retirement benefits														(20)				(20)		(20)
Adjustment for change of measurement date related to pension and other postretirement benefits														(8)				(8)		(8)
Comprehensive income:
Net income before noncontrolling interests														8,057				8,057	208	8,265
Other comprehensive income, net of tax:
Translation adjustments															23			23		23
Securities available for sale:
Net unrealized gain losses on securities available for sale															(164)			(164)		(164)
Net unrealized gains on derivatives and hedging activities															322			322		322
Unamortized gains under defined benefit plans, net of amortization															242			242		242
Total comprehensive income																		8,480	208	8,688
Noncontrolling interests:
Noncontrolling interests																			(176)	(176)
Common stock issued													(132)	(276)		2,284		1,876		1,876
Common stock issued, shares												69,894,448
Common stock issued for acquisitions													190			1,935		2,125		2,125
Common stock issued for acquisitions, shares												58,058,813
Common stock repurchased																(7,418)		(7,418)		(7,418)
Common stock repurchased, shares												(220,327,473)
Preferred stock issued to ESOP											484		34				(518)
Preferred stock issued to ESOP, shares											484,000
Preferred stock released to ESOP													(29)				447	418		418
Preferred stock converted to common shares											(418)		13			405
Preferred stock converted to common shares, shares											(418,000)	12,326,559
Common stock dividends														(3,955)				(3,955)		(3,955)
Tax benefit upon exercise of stock options													210					210		210
Stock option compensation expense													129					129		129
Net change in deferred compensation and related plans													58			(38)		20		20
Net change											66		473	3,826	423	(2,832)	(71)	1,885	32	1,917
Net change, shares											66,000	(80,047,653)
Ending Balance at Dec. 31, 2007	47,914	450	5,788	8,212	38,970	725	(6,035)	(482)	47,628	286	450	5,788	8,212	38,942	725	(6,035)	(482)	47,600	286	47,886
Shares, Ending Balance at Dec. 31, 2007		449,804	3,297,102,208								449,804	3,297,102,208
Cumulative effect from change in accounting for other-than-temporary impairment on debt securities														53	(53)
Effect of change in accounting for noncontrolling interests													(3,716)					(3,716)	3,716
Comprehensive income:
Net income before noncontrolling interests														2,655				2,655	43	2,698
Other comprehensive income, net of tax:
Translation adjustments															(58)			(58)		(58)
Securities available for sale:
Net unrealized gain losses on securities available for sale															(6,610)			(6,610)		(6,610)
Net unrealized gains on derivatives and hedging activities															436			436		436
Unamortized gains under defined benefit plans, net of amortization															(1,362)			(1,362)		(1,362)
Total comprehensive income																		(4,939)	43	(4,896)
Noncontrolling interests:
Noncontrolling interests																			2,903	2,903
Common stock issued												781	11,555	(456)		2,291		14,171		14,171
Common stock issued, shares												538,877,525
Common stock issued for acquisitions												704	13,689			208		14,601		14,601
Common stock issued for acquisitions, shares												429,084,786
Common stock repurchased																(1,623)		(1,623)		(1,623)
Common stock repurchased, shares												(52,154,513)
Preferred stock issued											22,674							22,674		22,674
Preferred stock issued, shares											25,000
Preferred stock discount accretion											67							67		67
Preferred stock issued for acquisitions											8,071							8,071		8,071
Preferred stock issued for acquisitions, shares											9,566,921
Preferred stock issued to ESOP											521		30				(551)
Preferred stock issued to ESOP, shares											520,500
Preferred stock released to ESOP													(27)				478	451		451
Preferred stock converted to common shares											(451)		(61)			512
Preferred stock converted to common shares, shares											(450,404)	15,720,883
Stock warrants issued													2,326					2,326		2,326
Common stock dividends														(4,312)				(4,312)		(4,312)
Preferred stock dividends and accretion														(286)				(286)		(286)
Tax benefit upon exercise of stock options													123					123		123
Stock option compensation expense													174					174		174
Net change in deferred compensation and related plans													46			(19)		27		27
Other													(41)					(41)		(41)
Net change											30,882	1,485	27,814	(2,399)	(7,594)	1,369	(73)	51,484	2,946	54,430
Net change, shares											9,662,017	931,528,681
Ending Balance at Dec. 31, 2008	102,316	31,332	7,273	36,026	36,543	(6,869)	(4,666)	(555)	99,084	3,232	31,332	7,273	32,310	36,596	(6,922)	(4,666)	(555)	95,368	6,948	102,316
Shares, Ending Balance at Dec. 31, 2008		10,111,821	4,228,630,889								10,111,821	4,228,630,889
Comprehensive income:
Net income before noncontrolling interests														12,275				12,275	392	12,667
Other comprehensive income, net of tax:
Translation adjustments															73			73	(7)	66
Securities available for sale:
Unrealized losses related to factors other than credit															(843)			(843)		(843)
All other net unrealized gains															10,649			10,649	5	10,654
Net unrealized gains on derivatives and hedging activities															(221)			(221)		(221)
Unamortized gains under defined benefit plans, net of amortization															273			273		273
Total comprehensive income																		22,206	390	22,596
Noncontrolling interests:
Purchase of Prudential's noncontrolling interest													1,440					1,440	(4,500)	(3,060)
All other													(79)					(79)	(265)	(344)
Common stock issued												1,470	19,111	(898)		2,293		21,976		21,976
Common stock issued, shares												953,285,636
Common stock repurchased																(220)		(220)		(220)
Common stock repurchased, shares												(8,274,015)
Preferred stock redeemed											(25,000)							(25,000)		(25,000)
Preferred stock redeemed, shares											(25,000)
Preferred stock released to ESOP													(7)				113	106		106
Preferred stock converted to common shares											(106)		(54)			160
Preferred stock converted to common shares, shares											(105,881)	4,982,083
Common stock dividends														(2,125)				(2,125)		(2,125)
Preferred stock dividends and accretion											2,259			(4,285)				(2,026)		(2,026)
Tax benefit upon exercise of stock options													18					18		18
Stock option compensation expense													221					221		221
Net change in deferred compensation and related plans													(82)			(17)		(99)		(99)
Net change											(22,847)	1,470	20,568	4,967	9,931	2,216	113	16,418	(4,375)	12,043
Net change, shares											(130,881)	949,993,704
Ending Balance at Dec. 31, 2009											$8,485	$8,743	$52,878	$41,563	$3,009	($2,450)	($442)	$111,786	$2,573	$114,359
Shares, Ending Balance at Dec. 31, 2009											9,980,940	5,178,624,593

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash flows from operating activities:
Net income before noncontrolling interests	$12,667	$2,698	$8,265
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	21,668	15,979	4,939
Changes in fair value of MSRs (residential), MHFS and LHFS carried at fair value	(20)	3,789	2,611
Depreciation and amortization	2,841	1,669	1,532
Other net losses (gains)	(3,867)	2,065	(1,407)
Preferred shares released to ESOP	106	451	418
Stock option compensation expense	221	174	129
Excess tax benefits related to stock option payments	(18)	(121)	(196)
Originations of MHFS	(414,299)	(213,498)	(223,266)
Proceeds from sales of and principal collected on mortgages originated for sale	399,261	220,254	216,270
Originations of LHFS	(10,800)	0	0
Proceeds from sales of and principal collected on LHFS	20,276	0	0
Purchases of LHFS	(8,614)	0	0
Net change in:
Trading assets	13,983	(3,045)	(3,388)
Deferred income taxes	9,453	(1,642)	(31)
Accrued interest receivable	(293)	(2,676)	(407)
Accrued interest payable	(1,028)	1,634	(87)
Other assets, net	(15,018)	(21,578)	(587)
Other accrued expenses and liabilities, net	2,094	(10,941)	4,491
Net cash provided (used) by operating activities	28,613	(4,788)	9,286
Cash flows from investing activities:
Net change in federal funds sold, securities purchased under resale agreements and other short-term investments	8,548	51,049	3,331
Securities available for sale:
Sales proceeds	53,038	60,806	47,990
Prepayments and maturities	38,811	24,317	8,505
Purchases	(95,285)	(105,341)	(75,129)
Loans:
Decrease (increase) in banking subsidiaries' loan originations, net of collections	52,240	(54,815)	(48,615)
Proceeds from sales (including participations) of loans originated for investment by banking subsidiaries	6,162	1,988	3,369
Purchases (including participations) of loans by banking subsidiaries	(3,363)	(5,513)	(8,244)
Principal collected on nonbank entities' loans	14,428	21,846	21,476
Loans originated by nonbank entities	(9,961)	(19,973)	(25,284)
Net cash acquired from (paid for) acquisitions	(138)	11,203	(2,811)
Proceeds from sales of foreclosed assets	3,759	1,746	1,405
Changes in MSRs from purchases and sales	(10)	92	791
Other, net	3,556	(5,566)	(4,131)
Net cash provided (used) by investing activities	71,785	(18,161)	(77,347)
Cash flows from financing activities:
Net change in Deposits	42,473	7,697	27,058
Net change in Short-term borrowings	(69,108)	(14,888)	39,827
Long-term debt:
Proceeds from issuance	8,396	35,701	29,360
Repayment	(66,260)	(29,859)	(18,250)
Preferred stock:
Proceeds from issuance	0	22,674	0
Redeemed	(25,000)	0	0
Cash dividends paid	(2,178)	0	0
Proceeds from issuance of stock warrant	0	2,326	0
Common stock:
Proceeds from issuance	21,976	14,171	1,876
Repurchased	(220)	(1,623)	(7,418)
Cash dividends paid	(2,125)	(4,312)	(3,955)
Excess tax benefits related to stock option payments	18	121	196
Change in noncontrolling interests:
Purchase of Prudential's noncontrolling interest	(4,500)	0	0
Other, net	(553)	(53)	(176)
Other, net	0	0	(728)
Net cash provided (used) by financing activities	(97,081)	31,955	67,790
Net change in cash and due from banks	3,317	9,006	(271)
Cash and due from banks at beginning of year	23,763	14,757	15,028
Cash and due from banks at end of year	27,080	23,763	14,757
Supplemental cash flow disclosures:
Cash paid for interest	10,978	8,121	14,290
Cash paid for income taxes	$3,042	$2,554	$3,719

Summary of Significant Accounti

Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies Wells Fargo Company is a diversified financial services company. We provide banking, insurance, investments, mortgage banking, investment banking, retail banking, brokerage, and consumer finance through banking stores, the internet and other distribution channels to consumers, businesses and institutions in all 50 states, the District of Columbia, and in other countries. When we refer to Wells Fargo, the Company, we, our or us in this Form 10-K, we mean Wells Fargo Company and Subsidiaries (consolidated). Wells Fargo Company (the Parent) is a financial holding company and a bank holding company. We also hold a majority interest in a retail brokerage subsidiary and a real estate investment trust, which has publicly traded preferred stock outstanding. Our accounting and reporting policies conform with U.S. generally accepted accounting principles (GAAP)and practices in the financial services industry. To prepare the financial statements in conformity with GAAP, management must make estimates based on assumptions about future economic and market conditions (for example, unemployment, market liquidity, real estate prices, etc.) that affect the reported amounts of assets and liabilities at the date of the financial statements and income and expenses during the reporting period and the related disclosures. Although our estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that in 2010 actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Management has made significant estimates in several areas, including the evaluation of other-than-temporary impairment (OTTI)on investment securities (Note 5), allowance for credit losses and purchased credit-impaired (PCI)loans (Note 6), valuing residential mortgage servicing rights (MSRs) (Notes 8 and 9) and financial instruments (Note 16), pension accounting (Note 19) and income taxes (Note 20). Actual results could differ from those estimates. Among other effects, such changes could result in future impairments of investment securities, increases to the allowance for loan losses, as well as increased future pension expense. On December31, 2008, Wells Fargo acquired Wachovia Corporation (Wachovia). Because the acquisition was completed at the end of 2008, Wachovias results of operations are included in the income statement and average balances beginning in 2009. Wachovias assets and liabilities are included in the consolidated balance sheet beginning on December31, 2008. The accounting policies of Wachovia have been conformed to those of Wells Fargo as described herein. On January1, 2009, the Company adopted new accounting guidance on noncontrolling interests on a retrospective basis for disclosure as required in FASB Accounting Standards Codification (ASC) 810, Consolidation. Accordingly, prior period information reflects the adoption. The guidance requires that noncontrolling interests be reported as a component of total equity. In addition, the consolidated income statement must d

Business Combinations

Business Combinations
	12 Months Ended Dec. 31, 2009 USD / shares
Business Combinations [Abstract]
Business Combinations	Note 2: Business Combinations On December31, 2008, we acquired all outstanding shares of Wachovia common stock in a stock-for-stock transaction. Wachovia, based in Charlotte, North Carolina, was one of the nations largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. In the merger, we exchanged 0.1991 shares of our common stock for each outstanding share of Wachovia common stock, issuing a total of 422.7million shares of our common stock with a December31, 2008, value of $12.5billion to Wachovia shareholders. Shares of each outstanding series of Wachovia preferred stock were converted into shares (or fractional shares) of a corresponding series of our preferred stock having substantially the same rights and preferences. Because the acquisition was completed at the end of 2008, Wachovias results of operations for 2008 are not included in our income statement. The assets and liabilities of Wachovia were recorded at their respective acquisition date fair values, and identifiable intangible assets were recorded at fair value. Because the transaction closed on the last day of the annual reporting period, certain fair value purchase accounting adjustments were based on data as of an interim period with estimates through year end. Accordingly, we have re-validated, and, where necessary, have finalized our purchase accounting adjustments. The impact of all finalized purchase accounting adjustments were recorded to goodwill and increased goodwill by $2.1billion in 2009. This acquisition was nontaxable and, as a result, there is no tax basis in goodwill. Accordingly, none of the goodwill associated with the Wachovia acquisition is deductible for tax purposes. Additional exit reserves related to costs associated with involuntary employee termination, contract termination penalties and closing duplicate facilities were recorded during 2009 as part of the further integration of Wachovias employees, locations and operations. The final allocation of purchase price at December31, 2008, is presented in the following table. December 31, 2008 December 31, (in millions) (final) Refinements 2008 Purchase price: Value of common shares $ 14,621 14,621 Value of preferred shares 8,409 8,409 Other (value of share-based awards and direct acquisition costs) 62 62 Total purchase price 23,092 23,092 Allocation of the purchase price: Wachovia tangible stockholders equity, less prior purchase accounting adjustments and other basis adjustments eliminated in purchase accounting 19,387 (7 ) 19,394 Adjustments to reflect assets acquired and liabilities assumed at fair value: Loans

Cash, Loan and Dividend Restric

Cash, Loan and Dividend Restrictions
	12 Months Ended Dec. 31, 2009 USD / shares
Cash, Loan and Dividend Restrictions [Abstract]
Cash, Loan and Dividend Restrictions	Note 3: Cash, Loan and Dividend Restrictions Federal Reserve Board (FRB)regulations require that each of our subsidiary banks maintain reserve balances on deposit with the Federal Reserve Banks. The average required reserve balance was $2.4 billion in 2009 and $2.6billion in 2008. Federal law restricts the amount and the terms of both credit and non-credit transactions between a bank and its nonbank affiliates. They may not exceed 10% of the banks capital and surplus (which for this purpose represents Tier 1 and Tier 2 capital, as calculated under the risk-based capital (RBC)guidelines, plus the balance of the allowance for credit losses excluded from Tier 2 capital) with any single nonbank affiliate and 20% of the banks capital and surplus with all its nonbank affiliates. Transactions that are extensions of credit may require collateral to be held to provide added security to the bank. For further discussion of RBC, see Note 25 in this Report. Dividends paid by our subsidiary banks are subject to various federal and state regulatory limitations. Dividends that may be paid by a national bank without the express approval of the Office of the Comptroller of the Currency (OCC)are limited to that banks retained net profits for the preceding two calendar years plus retained net profits up to the date of any dividend declaration in the current calendar year. Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period. We also have state-chartered subsidiary banks that are subject to state regulations that limit dividends. Under those provisions, our national and state-chartered subsidiary banks could have declared additional dividends of $5.3billion at December31, 2009, without obtaining prior regulatory approval. Our nonbank subsidiaries are also limited by certain federal and state statutory provisions and regulations covering the amount of dividends that may be paid in any given year. Based on retained earnings at December31, 2009, our nonbank subsidiaries could have declared additional dividends of $2.5billion at December31, 2009, without obtaining prior approval. The FRB published clarifying supervisory guidance in first quarter 2009, SR 09-4 Applying Supervisory Guidance and Regulations on the Payment of Dividends, Stock Redemptions, and Stock Repurchases at Bank Holding Companies, pertaining to FRBs criteria, assessment and approval process for reductions in capital including the redemption of Troubled Asset Relief Program (TARP) and the payment of dividends. The effect of this guidance is to require the approval of the FRB for the Company to repurchase or redeem common or perpetual preferred stock as well as to raise the per share dividend from its current level of $0.05 per share.

Federal Funds Sold, Securities

Federal Funds Sold, Securities Purchased under Resale Agreements and Other Short-Term Investments
	12 Months Ended Dec. 31, 2009 USD / shares
Federal Funds Sold, Securities Purchased Under Resale Agreements and Other Short-Term Investments [Abstract]
Federal Funds Sold, Securities Purchased Under Resale Agreements and Other Short-Term Investments	Note 4: Federal Funds Sold, Securities Purchased under Resale Agreements and Other Short-Term Investments The following table provides the detail of federal funds sold, securities purchased under resale agreements and other short-term investments. December 31, (in millions) 2009 2008 Federal funds sold and securities purchased under resale agreements $ 8,042 8,439 Interest-earning deposits 31,668 39,890 Other short-term investments 1,175 1,104 Total $ 40,885 49,433 We pledge certain financial instruments that we own to collateralize repurchase agreements and other securities financings. The types of collateral we pledge include securities issued by federal agencies, government-sponsored entities (GSEs), and domestic and foreign companies. At December31, 2009 and 2008, we pledged $14.8billion and $7.9billion, respectively, under agreements that permit the secured parties to sell or repledge the collateral. Pledged collateral where the secured party cannot sell or repledge was $434million and $10million, at December31, 2009 and 2008, respectively. We receive collateral from other entities under resale agreements and securities borrowings. At December31, 2009 and 2008, we received $31.4billion and $7.9billion, respectively, for which we have the right to sell or repledge the collateral. These amounts include securities we have sold or repledged to others with a fair value of $29.7billion at December31, 2009, and $5.4billion at December31, 2008.

Securities Available for Sale

Securities Available for Sale
	12 Months Ended Dec. 31, 2009 USD / shares
Securities Available for Sale [Abstract]
Securities Available for Sale	Note 5: Securities Available for Sale The following table provides the cost and fair value for the major categories of securities available for sale carried at fair value. The net unrealized gains (losses)are reported on an after tax basis as a component of cumulative OCI. There were no securities classified as held to maturity as of the periods presented. Gross Gross unrealized unrealized Fair (in millions) Cost gains losses value December31, 2008 Securities of U.S. Treasury and federal agencies $ 3,187 62 3,249 Securities of U.S. states and political subdivisions 14,062 116 (1,520 ) 12,658 Mortgage-backed securities: Federal agencies 64,726 1,711 (3 ) 66,434 Residential 29,536 11 (4,717 ) 24,830 Commercial 12,305 51 (3,878 ) 8,478 Total mortgage-backed securities 106,567 1,773 (8,598 ) 99,742 Corporate debt securities 7,382 81 (539 ) 6,924 Collateralized debt obligations 2,634 21 (570 ) 2,085 Other (1)(2) 21,363 14 (602 ) 20,775 Total debt securities 155,195 2,067 (11,829 ) 145,433 Marketable equity securities: Perpetual preferred securities 5,040 13 (327 ) 4,726 Other marketable equity securities 1,256 181 (27 ) 1,410 Total marketable equity securities 6,296 194 (354 ) 6,136 Total $ 161,491 2,261 (12,183 ) 151,569 December31, 2009 Securities of U.S. Treasury and federal agencies $ 2,256 38 (14 ) 2,280 Securities of U.S. states and political subdivisions 13,212 683 (365 ) 13,530 Mortgage-backed securities: Federal agencies 79,542 3,285 (9 ) 82,818 Residential (2) 28,153 2,480 (2,043 ) 28,590 Commercial 12,221 602 (1,862 ) 10,961 Total mortgage-backed securities 119,916 6,367 (3,914 ) 122,369 Corporate debt securities 8,245 1,167 (77 ) 9,335 Collateralized debt obligations 3,660 432 (367 ) 3,725 Other (1) 15,025 1,099 (245 ) 15,879 Total debt securities 162,314 9,786 (4,982 ) 167,118 Marketable equity securities: Perpetual preferred securities 3,677 263 (65 ) 3,875 Other marketable equity securities 1,072 654 (9 ) 1,717 Total marketable equity securities 4,749 917 (74 ) 5,

Loans and Allowance for Credit

Loans and Allowance for Credit Losses
	12 Months Ended Dec. 31, 2009 USD / shares
Loans and Allowance for Credit Losses [Abstract]
Loans and Allowance for Credit Losses	Note 6: Loans and Allowance for Credit Losses The following table presents the major categories of loans outstanding including those subject to accounting guidance for PCI loans. Certain loans acquired in the Wachovia acquisition are accounted for as PCI loans and are included below, net of any remaining purchase accounting adjustments. Outstanding balances of all other loans are presented net of unearned income, net deferred loan fees, and unamortized discount and premium totaling $14.6billion at December31, 2009, and $16.9 billion, at December31, 2008. December 31, 2009 2008 (1) 2007 2006 2005 All All PCI other PCI other (in millions) loans loans Total loans loans Total Commercial and commercial real estate: Commercial $ 1,911 156,441 158,352 4,580 197,889 202,469 90,468 70,404 61,552 Real estate mortgage 5,631 99,167 104,798 7,762 95,346 103,108 36,747 30,112 28,545 Real estate construction 3,713 25,994 29,707 4,503 30,173 34,676 18,854 15,935 13,406 Lease financing 14,210 14,210 15,829 15,829 6,772 5,614 5,400 Total commercial and commercial real estate 11,255 295,812 307,067 16,845 339,237 356,082 152,841 122,065 108,903 Consumer: Real estate 1-4 family first mortgage 38,386 191,150 229,536 39,214 208,680 247,894 71,415 53,228 77,768 Real estate 1-4 family junior lien mortgage 331 103,377 103,708 728 109,436 110,164 75,565 68,926 59,143 Credit card 24,003 24,003 23,555 23,555 18,762 14,697 12,009 Other revolving credit and installment 89,058 89,058 151 93,102 93,253 56,171 53,534 47,462 Total consumer 38,717 407,588 446,305 40,093 434,773 474,866 221,913 190,385 196,382 Foreign 1,733 27,665 29,398 1,859 32,023 33,882 7,441 6,666 5,552 Total loans $ 51,705 731,065 782,770 58,797 806,033 864,830 382,195 319,116 310,837 (1) In 2009, we refined certain of our preliminary purchase accounting adjustments based on additional information as of December31, 2008. These refinements resulted in increasing the PCI loans carrying value at December31, 2008, to $59.2billion. The table above has not been updated as of December 31, 2008, to reflect these refinements. We pledge loans to secure borrowings from the FHLB and the Federal Reserve Bank as part of our liquidity

Premises Equipment, Lease Commi

Premises Equipment, Lease Commitments and Other Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Premises Equipment Lease Commitments and Other Assets [Abstract]
Premises Equipment Lease Commitments and Other Assets	Note 7: Premises, Equipment, Lease Commitments and Other Assets December 31, (in millions) 2009 2008 Land $ 2,140 2,029 Buildings 8,143 8,232 Furniture and equipment 6,232 5,589 Leasehold improvements 1,381 1,309 Premises and equipment leased under capital leases 152 110 Total premises and equipment 18,048 17,269 Less: Accumulated depreciation and amortization 7,312 6,000 Net book value, premises and equipment $ 10,736 11,269 Depreciation and amortization expense for premises and equipment was $1.3billion, $861 million and $828million in 2009, 2008 and 2007, respectively. Dispositions of premises and equipment, included in noninterest expense, resulted in net losses of $22 million in 2009 and net gains of $22million and $3 million in 2008 and 2007, respectively. We have obligations under a number of noncancelable operating leases for premises and equipment. The terms of these leases are predominantly up to 15years, with the longest up to 78years, and many provide for periodic adjustment of rentals based on changes in various economic indicators. Some leases also include a renewal option. The following table provides the future minimum payments under capital leases and noncancelable operating leases, net of sublease rentals, with terms greater than one year as of December31, 2009. Operating Capital (in millions) leases leases Year ended December31, 2010 $ 1,217 53 2011 1,078 13 2012 977 5 2013 849 4 2014 739 3 Thereafter 3,503 25 Total minimum lease payments $ 8,363 103 Executory costs $ (13 ) Amounts representing interest (13 ) Present value of net minimum lease payments $ 77 Operating lease rental expense (predominantly for premises), net of rental income, was $1.4billion, $709million and $673million in 2009, 2008 and 2007, respectively. The components of other assets were: December 31 , (in millions) 2009 2008 Nonmarketable equity investments: Cost method: Private equity investments $ 3,808 3,040 Federal bank stock 5,985 6,106 Total cost method 9,793 9,146 Equity method 5,138 6,358 Principal investments (1) 1,423 1,278 Total nonmarketable equity investments (2) 16,354 16,782 Corporate/bank-owned life insurance 19,515 18,339 Accounts receivable 20,565 22,493 Interest receivable 5,946 5,746 Core deposit intangibles 10,774 11,999 Customer relationship and other intangibles 2,168 3,516 Net deferred taxes 3,212 13,864 Foreclosed assets: GNMA loans (3) 960 667 Other 2,199 1,526 Operating lease assets 2,395 2,251

Securitizations and Variable In

Securitizations and Variable Interest Entities
	12 Months Ended Dec. 31, 2009 USD / shares
Securitizations and Variable Interest Entities [Abstract]
Securitizations and Variable Interest Entities	Note 8: Securitizations and Variable Interest Entities Involvement with SPEs In the normal course of business, we enter into various types of on- and off-balance sheet transactions with special purpose entities (SPEs), which are corporations, trusts or partnerships that are established for a limited purpose. Historically, the majority of SPEs were formed in connection with securitization transactions. In a securitization transaction, assets from our balance sheet are transferred to an SPE, which then issues to investors various forms of interests in those assets and may also enter into derivative transactions. In a securitization transaction, we typically receive cash and/or other interests in an SPE as proceeds for the assets we transfer. Also, in certain transactions, we may retain the right to service the transferred receivables and to repurchase those receivables from the SPE if the outstanding balance of the receivables falls to a level where the cost exceeds the benefits of servicing such receivables. In addition, we may purchase the right to service loans in a SPE that were transferred to the SPE by a third party. In connection with our securitization activities, we have various forms of ongoing involvement with SPEs, which may include: underwriting securities issued by SPEs and subsequently making markets in those securities; providing liquidity facilities to support short-term obligations of SPEs issued to third party investors; providing credit enhancement on securities issued by SPEs or market value guarantees of assets held by SPEs through the use of letters of credit, financial guarantees, credit default swaps and total return swaps; entering into other derivative contracts with SPEs; holding senior or subordinated interests in SPEs; acting as servicer or investment manager for SPEs; and providing administrative or trustee services to SPEs. The SPEs we use are primarily either qualifying SPEs (QSPEs), which are not consolidated under existing accounting guidance if the criteria described below are met, or variable interest entities (VIEs). To qualify as a QSPE, an entity must be passive and must adhere to significant limitations on the types of assets and derivative instruments it may own and the extent of activities and decision making in which it may engage. For example, a QSPEs activities are generally limited to purchasing assets, passing along the cash flows of those assets to its investors, servicing its assets and, in certain transactions, issuing liabilities. Among other restrictions on a QSPEs activities, a QSPE may not actively manage its assets through discretionary sales or modifications. A VIE is an entity that has either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest. Under existing accounting guidance, a VIE is consolidated by its primary beneficiary, which, under current accounting standards, is the entity that, through its variable interests, absorbs the majo

Mortgage Banking Activities

Mortgage Banking Activities
	12 Months Ended Dec. 31, 2009 USD / shares
Mortgage Banking Activities [Abstract]
Mortgage Banking Activities	Note 9:Mortgage Banking Activities Mortgage banking activities, included in the Community Banking and Wholesale Banking operating segments, consist of residential and commercial mortgage originations and servicing. The changes in residential MSRs measured using the fair value method were: Year ended December 31, (in millions) 2009 2008 2007 Fair value, beginning of year $ 14,714 16,763 17,591 Purchases 191 803 Acquired from Wachovia (1) 34 479 Servicing from securitizations or asset transfers 6,226 3,450 3,680 Sales (269 ) (1,714 ) Net additions 6,260 3,851 2,769 Changes in fair value: Due to changes in valuation model inputs or assumptions (2) (1,534 ) (3,341 ) (571 ) Other changes in fair value (3) (3,436 ) (2,559 ) (3,026 ) Total changes in fair value (4,970 ) (5,900 ) (3,597 ) Fair value, end of year $ 16,004 14,714 16,763 (1) The 2009 amount reflects refinements to initial December31, 2008, Wachovia purchase accounting adjustments. (2) Principally reflects changes in discount rates and prepayment speed assumptions, mostly due to changes in interest rates. (3) Represents changes due to collection/realization of expected cash flows over time. The changes in amortized commercial MSRs were: Year ended December 31, (in millions) 2009 2008 2007 Balance, beginning of year $ 1,446 466 377 Purchases (1) 11 10 120 Acquired from Wachovia (2) (135 ) 1,021 Servicing from securitizations or asset transfers (1) 61 24 40 Amortization (264 ) (75 ) (71 ) Balance, end of year (3) $ 1,119 1,446 466 Fair value of amortized MSRs: Beginning of year $ 1,555 573 457 End of year 1,261 1,555 573 (1) Based on December31, 2009, assumptions, the weighted-average amortization period for MSRs added during the twelve months of 2009 was approximately 18.1years. (2) The 2009 amount reflects refinements to initial December31, 2008, Wachovia purchase accounting adjustments. (3) There was no valuation allowance recorded for the periods presented. Commercial MSRs are evaluated for impairment purposes by the following asset classes: agency and non-agency commercial mortgage-backed securities (MBS), and loans. We present the components of our managed servicing portfolio in the table below at unpaid principal balance for loans serviced and subserviced for others and at book value for owned loans serviced. December 31, (in billions) 2009 2008 2007 Residential mortgage servicing Serviced for others $ 1,422 1,388 1,283 Owned loans serviced 364 378 174 Subservicing 10 15 17 Total residential servicing 1,796 1,781

Intangible Assets

Intangible Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Intangible Assets [Abstract]
Intangible Assets	Note 10: Intangible Assets The gross carrying value of intangible assets and accumulated amortization was: December 31 , 2009 2008 Gross Gross carrying Accumulated carrying Accumulated (in millions) value amortization value amortization Amortized intangible assets: MSRs (1) $ 1,606 487 1,672 226 Core deposit intangibles 15,140 4,366 14,188 2,189 Customer relationship and other intangibles 3,050 896 3,988 486 Total amortized intangible assets $ 19,796 5,749 19,848 2,901 MSRs (carried at fair value) (1) $ 16,004 14,714 Goodwill 24,812 22,627 Trademark 14 14 (1) See Note 9 in this Report for additional information on MSRs. The following table provides the current year and estimated future amortization expense for amortized intangible assets. Customer Amortized Core relationship commercial deposit and other (in millions) MSRs intangibles intangibles (1) Total Year ended December31, 2009 (actual) $264 2,180 412 2,856 Estimate for year ended December31, 2010 $224 1,870 337 2,431 2011 198 1,593 289 2,080 2012 161 1,396 274 1,831 2013 125 1,241 254 1,620 2014 108 1,113 238 1,459 (1) Includes amortization of lease intangibles reported in occupancy expense of $8million for 2009, and estimated amortization of $9million, $8million, $8million, $5million, and $4million for 2010, 2011, 2012, 2013 and 2014, respectively. We based our projections of amortization expense shown above on existing asset balances at December31, 2009. Future amortization expense may vary from these projections. For our goodwill impairment analysis, we allocate all of the goodwill to the individual operating segments. As a result of the combination of Wells Fargo and Wachovia, management realigned its business segments into the following three lines of business: Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement. As part of this realignment, we updated our reporting units. We identify reporting units that are one level below an operating segment (referred to as a component), and distinguish these reporting units based on how the segments and components are managed, taking into consideration the economic characteristics, nature of the products and customers of the components. We allocate goodwill to reporting units based on relative fair value, using certain performance metrics. We have revised prior period information to reflect this realignment. See Note 23 in this Report for further information on management reporting. The following table shows the allocation of goodwill to our operating segments for purposes of goodwill impairment testi

Deposits

Deposits
	12 Months Ended Dec. 31, 2009 USD / shares
Deposits [Abstract]
Deposits	Note 11: Deposits Time certificates of deposit (CDs) and other time deposits issued by domestic offices totaled $117.0billion and $210.5billion at December31, 2009 and 2008, respectively. Substantially all of these deposits were interest bearing. The contractual maturities of these deposits follow. (in millions) December 31, 2009 2010 $ 66,162 2011 20,617 2012 9,635 2013 15,354 2014 2,225 Thereafter 3,006 Total $ 116,999 Of these deposits, the amount of time deposits with a denomination of $100,000 or more was $43.7billion and $90.1billion at December31, 2009 and 2008, respectively. The contractual maturities of these deposits follow. (in millions) December 31, 2009 Three months or less $ 10,146 After three months through six months 5,092 After six months through twelve months 8,592 After twelve months 19,907 Total $ 43,737 Time CDs and other time deposits issued by foreign offices with a denomination of $100,000 or more represent a major portion of all of our foreign deposit liabilities of $60.0billion and $40.9 billion at December31, 2009 and 2008, respectively. Demand deposit overdrafts of $667million and $1.1billion were included as loan balances at December31, 2009 and 2008, respectively.

Short-Term Borrowings

Short-Term Borrowings
	12 Months Ended Dec. 31, 2009 USD / shares
Short-Term Borrowings [Abstract]
Short-Term Borrowings	Note 12: Short-Term Borrowings The table below shows selected information for short-term borrowings, which generally mature in less than 30days. At December31, 2009, we had $500million available in lines of credit. These financing arrangements require the maintenance of compensating balances or payment of fees, which were not material. 2009 2008 2007 (in millions) Amount Rate Amount Rate Amount Rate As of December31, Commercial paper and other short-term borrowings $ 12,950 0.39 % $ 45,871 0.93 % $ 30,427 4.45 % Federal funds purchased and securities sold under agreements to repurchase 26,016 0.08 62,203 1.12 22,828 2.94 Total $ 38,966 0.18 $ 108,074 1.04 $ 53,255 3.80 Year ended December31, Average daily balance Commercial paper and other short-term borrowings $ 27,793 0.43 $ 43,792 2.43 $ 8,765 4.96 Federal funds purchased and securities sold under agreements to repurchase 24,179 0.46 22,034 1.88 17,089 4.74 Total $ 51,972 0.44 $ 65,826 2.25 $ 25,854 4.81 Maximum month-end balance Commercial paper and other short-term borrowings (1) $ 62,871 N/A $ 76,009 N/A $ 30,427 N/A Federal funds purchased and securities sold under agreements to repurchase (2) 30,608 N/A 62,203 N/A 23,527 N/A N/A Not applicable. (1)Highest month-end balance in each of the last three years was February2009, August2008 and December2007. (2)Highest month-end balance in each of the last three years was February2009, December2008 and September2007.

Long-Term Debt

Long-Term Debt
	12 Months Ended Dec. 31, 2009 USD / shares
Long Term Debt [Abstract]
Long Term Debt	Note 13: Long-Term Debt Following is a summary of our long-term debt based on original maturity (reflecting unamortized debt discounts and premiums, and purchase accounting adjustments for debt assumed in the Wachovia acquisition, where applicable): December 31, 2009 2008 Maturity Stated (in millions) date(s) interest rate(s) Wells Fargo Company (Parent only) Senior Fixed-rate notes (1)(2) 2010-2035 2.125-6.75 % $ 46,266 49,019 Floating-rate notes (2)(3) 2010-2048 Varies 41,231 51,220 Extendible notes (4) 8 Market-linked notes (5) 2010-2018 Varies 458 933 Total senior debt Parent 87,955 101,180 Subordinated Fixed-rate notes (1) 2011-2035 4.375-7.574 % 12,148 12,204 Floating-rate notes 2015-2016 Varies 1,096 1,074 Total subordinated debt Parent 13,244 13,278 Junior subordinated Fixed-rate notes (1)(6)(7)(8) 2026-2068 5.625-10.18 % 8,661 10,111 FixFloat preferred purchase securities (9)(10) 2013-2044 7.70-9.75% to 2013, varies 4,296 4,308 Floating-rate notes 2027-2036 Varies 272 245 FixFloat notes 2036 6.28% to 2011, varies 10 10 Fixed-rate notes hybrid trust securities (1)(11)(12)(13) 2037-2047 6.375-7.85 % 2,425 2,449 FixFloat notes income trust securities (14) 2011-2042 5.20% to 2011, varies 2,490 2,445 Total junior subordinated debt Parent (15) 18,154 19,568 Total long-term debt Parent 119,353 134,026 Wells Fargo Bank, N.A. and its subsidiaries (WFB, N.A.) Senior Fixed-rate notes 2010-2011 1.122-3.720 % 6 63 Floating-rate notes 1,026 Fixed-rate advances Federal Home Loan Bank (FHLB) (1) 2011-2012 1.60-5.20 % 707 202 Market-linked notes (5) 2010-2016 0.025-5.75 % 304 437 Obligations of subsidiaries under capital leases (Note 7) 2010-2025 Varies 71 97 Total senior debt WFB, N.A. 1,088 1,825 Subordinated Fixed-rate notes (1) 2010-2036 4.75-7.55 % 6,383 6,941 Floating-rate notes (3) 2016 Varies 500 500 Other notes and debentures 2010-2037 0.00-6.00 % 12 9 Total subordinated debt WFB, N.A. 6,895 7,450 Total long-term debt WFB, N.A. 7,983 9,275 Wachovia Bank, N.A. (WB, N.A.) Senior Fixed-rate notes (1) 2013 6.00 % 2,227 2,098 Fixed-rate advances

Guarantees and Legal Actions

Guarantees and Legal Actions
	12 Months Ended Dec. 31, 2009 USD / shares
Guarantees and Legal Actions [Abstract]
Guarantees and Legal Actions	Note 14: Guarantees and Legal Actions Guarantees Guarantees are contracts that contingently require us to make payments to a guaranteed party based on an event or a change in an underlying asset, liability, rate or index. Guarantees are generally in the form of standby letters of credit, securities lending and other indemnifications, liquidity agreements, written put options, recourse obligations, residual value guarantees, and contingent consideration. The following table shows carrying value, maximum exposure to loss on our guarantees and the amount with a higher risk of performance. December 31, 2009 2008 Maximum Non- Maximum Non- Carrying exposure investment Carrying exposure investment (in millions) value to loss grade value to loss grade Standby letters of credit $ 148 49,997 21,112 130 47,191 17,293 Securities lending and other indemnifications 51 20,002 2,512 30,120 1,907 Liquidity agreements (1) 66 7,744 30 17,602 Written put options (1)(2) 803 8,392 3,674 1,376 10,182 5,314 Loans sold with recourse 96 5,049 2,400 53 6,126 2,038 Residual value guarantees 8 197 1,121 Contingent consideration 11 145 102 11 187 Other guarantees 55 2 38 Total guarantees $ 1,183 91,581 29,802 1,600 112,567 26,552 (1) Certain of these agreements included in this table are related to off-balance sheet entities and, accordingly, are also disclosed in Note 8 in this Report. (2) Written put options, which are in the form of derivatives, are also included in the derivative disclosures in Note 15 in this Report. Maximum exposure to loss and Non-investment grade are required disclosures under GAAP. Non-investment grade represents those guarantees on which we have a higher risk of being required to perform under the terms of the guarantee. If the underlying assets under the guarantee are non-investment grade (that is, an external rating that is below investment grade or an internal credit default grade that is equivalent to a below investment grade external rating), we consider the risk of performance to be high. Internal credit default grades are determined based upon the same credit policies that we use to evaluate the risk of payment or performance when making loans and other extensions of credit. These credit policies are more fully described in Note 6 in this Report. Maximum exposure to loss represents the estimated loss that would be incurred under an assumed hypothetical circumstance, despite what we believe is its extremely remote possibility, where the value of our interests and any associated collateral declines to zero, without any consideration of recovery or offset from any economic hedges. Accordingly, this required disclosure is not

Derivatives

Derivatives
	12 Months Ended Dec. 31, 2009 USD / shares
Derivatives [Abstract]
Derivatives	Note 15: Derivatives We use derivatives to manage exposure to market risk, interest rate risk, credit risk and foreign currency risk, to generate profits from proprietary trading and to assist customers with their risk management objectives. Derivative transactions are measured in terms of the notional amount, but this amount is not recorded on the balance sheet and is not, when viewed in isolation, a meaningful measure of the risk profile of the instruments. The notional amount is generally not exchanged, but is used only as the basis on which interest and other payments are determined. Our approach to managing interest rate risk includes the use of derivatives. This helps minimize significant, unplanned fluctuations in earnings, fair values of assets and liabilities, and cash flows caused by interest rate volatility. This approach involves modifying the repricing characteristics of certain assets and liabilities so that changes in interest rates do not have a significant adverse effect on the net interest margin and cash flows. As a result of interest rate fluctuations, hedged assets and liabilities will gain or lose market value. In a fair value hedging strategy, the effect of this unrealized gain or loss will generally be offset by the gain or loss on the derivatives linked to the hedged assets and liabilities. In a cash flow hedging strategy, we manage the variability of cash payments due to interest rate fluctuations by the effective use of derivatives linked to hedged assets and liabilities. We use derivatives that are designed as qualifying hedge contracts as defined by the Derivatives and Hedging topic in the Codification as part of our interest rate and foreign currency risk management, including interest rate swaps, caps and floors, futures and forward contracts, and options. We also offer various derivatives, including interest rate, commodity, equity, credit and foreign exchange contracts, to our customers but usually offset our exposure from such contracts by purchasing other financial contracts. The customer accommodations and any offsetting financial contracts are treated as free-standing derivatives. Free-standing derivatives also include derivatives we enter into for risk management that do not otherwise qualify for hedge accounting, including economic hedge derivatives. To a lesser extent, we take positions based on market expectations or to benefit from price differentials between financial instruments and markets. Additionally, free-standing derivatives include embedded derivatives that are required to be separately accounted for from their host contracts. Our derivative activities are monitored by Corporate ALCO. Our Treasury function, which includes asset/liability management, is responsible for various hedging strategies developed through analysis of data from financial models and other internal and industry sources. We incorporate the resulting hedging strategies into our overall interest rate risk management and trading strategies. The total notional or contractual amounts and fair values for derivatives were: December 31, 2009 December 31, 2008

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Fair Values of Assets and Liabilities [Abstract]
Fair Values of Assets and Liabilities	Note 16: Fair Values of Assets and Liabilities We use fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Trading assets, securities available for sale, derivatives, prime residential mortgages held for sale (MHFS), certain commercial loans held for sale (LHFS), residential MSRs, principal investments and securities sold but not yet purchased (short sale liabilities) are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record at fair value other assets on a nonrecurring basis, such as nonprime residential and commercial MHFS, certain LHFS, loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. We adopted new guidance on fair value measurements effective January1, 2009, which addresses measuring fair value in situations where markets are inactive and transactions are not orderly. In accordance with fair value accounting provisions, transaction or quoted prices for assets or liabilities in inactive markets may require adjustment due to the uncertainty of whether the underlying transactions are orderly. Prior to our adoption of the new provisions for measuring fair value, we primarily used unadjusted independent vendor or broker quoted prices to measure fair value for substantially all securities available for sale. In connection with the change in guidance for fair value measurement, we developed policies and procedures to determine when the level and volume of activity for our assets and liabilities requiring fair value measurements has significantly declined relative to normal conditions. For such items that use price quotes, such as certain security classes within securities available for sale, the degree of market inactivity and distressed transactions was analyzed to determine the appropriate adjustment to the price quotes. The security classes where we considered the market to be less orderly included non-agency residential MBS, commercial MBS, CDOs, home equity asset-backed securities, auto asset-backed securities and credit card-backed securities. The methodology used to adjust the quotes involved weighting the price quotes and results of internal pricing techniques such as the net present value of future expected cash flows (with observable inputs, where available) discounted at a rate of return market participants require. The significant inputs utilized in the internal pricing techniques, which were estimated by type of underlying collateral, included credit loss assumptions, estimated prepayment speeds and appropriate discount rates. The more active and orderly markets for particular security classes were determined to be, the more weighting assigned to price quotes. The less active and orderly markets were determined to be, the less weighting assigned to price quotes. For the impact of the new fair value measurement provisions, see Note 1 in this Report. Under fair value option accounting guidance, we elected to measure MHFS at fair value pros

Preferred Stock

Preferred Stock
	12 Months Ended Dec. 31, 2009 USD / shares
Preferred Stock [Abstract]
Preferred Stock	Note 17: Preferred Stock We are authorized to issue 20million shares of preferred stock and 4million shares of preference stock, both without par value. Preferred shares outstanding rank senior to common shares both as to dividends and liquidation preference but have no general voting rights. We have not issued any preference shares under this authorization. The following table provides detail of preferred stock. December 31, 2009 December 31, 2008 Shares issued and Carrying Carrying (in millions, except shares) outstanding Par value value Discount value Discount SeriesD (1) Fixed Rate Cumulative Perpetual Preferred Stock, SeriesD, $1,000,000 liquidation preference per share, 25,000 shares authorized $ 22,741 2,259 DEP Shares Dividend Equalization Preferred Shares, $10 liquidation preference per share, 97,000 shares authorized 96,546 SeriesJ (1)(2) 8.00% Non-Cumulative Perpetual ClassA Preferred Stock, SeriesJ, $1,000 liquidation preference per share, 2,300,000 shares authorized 2,150,375 2,150 1,995 155 1,995 155 SeriesK (1)(2) 7.98% Fixed-to-Floating Non-Cumulative Perpetual ClassA Preferred Stock, SeriesK, $1,000 liquidation preference per share, 3,500,000 shares authorized 3,352,000 3,352 2,876 476 2,876 476 SeriesL (1)(2) 7.50% Non-Cumulative Perpetual Convertible ClassA Preferred Stock, SeriesL, $1,000 liquidation preference per share, 4,025,000 shares authorized 3,968,000 3,968 3,200 768 3,200 768 Total 9,566,921 $ 9,470 8,071 1,399 30,812 3,658 (1) SeriesJ, K and L preferred shares qualify as Tier 1 capital. (2) In conjunction with the acquisition of Wachovia, at December31, 2008, shares of SeriesJ, K and L perpetual preferred stock were converted into shares of a corresponding series of Wells Fargo preferred stock having substantially the same rights and preferences. The carrying value is par value adjusted to fair value in purchase accounting. In addition to the preferred stock issued and outstanding described in the table above, we have the following preferred stock authorized with no shares issued and outstanding: SeriesA Non-Cumulative Perpetual Preferred Stock, SeriesA, $100,000 liquidation preference per share, 25,001 shares authorized SeriesB Non-Cumulative Perpetual Preferred Stock, SeriesB, $100,000 liquidation preference per share, 17,501 shares authorized SeriesG 7.25% ClassA Preferred Stock, SeriesG, $15,000 liquidation preference per share, 50,000 shares authorized SeriesH Floating ClassA Preferred Stock, Se

Common Stock and Stock Plans

Common Stock and Stock Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Common Stock and Stock Plans [Abstract]
Common Stock and Stock Plans	Note 18: Common Stock and Stock Plans Common StockThe following table presents our reserved, issued and authorized shares of common stock at December31, 2009. Number of shares Dividend reinvestment and common stock purchase plans 6,085,410 Director plans 957,615 Stock plans (1) 551,231,665 Convertible securities and warrants 176,097,156 Total shares reserved 734,371,846 Shares issued 5,245,971,422 Shares not reserved 19,656,732 Total shares authorized 6,000,000,000 (1) Includes employee option, restricted shares and restricted share rights, 401(k), profit sharing and compensation deferral plans. Dividend Reinvestment and Common Stock Purchase Plans Participants in our dividend reinvestment and common stock direct purchase plans may purchase shares of our common stock at fair market value by reinvesting dividends and/or making optional cash payments, under the plans terms. Employee Stock Plans We offer the stock based employee compensation plans described below. We measure the cost of employee services received in exchange for an award of equity instruments, such as stock options, restricted share rights (RSRs) or performance shares, based on the fair value of the award on the grant date. The cost is normally recognized in our income statement over the vesting period of the award; awards with graded vesting are expensed on a straight line method. Awards to retirement eligible employees are subject to immediate expensing upon grant. Total stock option compensation expense was $221million in 2009, $174million in 2008 and $129million in 2007 with a related recognized tax benefit of $83million, $65million and $49million for the same years, respectively. Stock option expense is based on the fair value of the awards at the date of grant. LONG-TERM INCENTIVE COMPENSATION PLANS Our Long Term Incentive Compensation Plan provides for awards of incentive and nonqualified stock options, stock appreciation rights, restricted shares, RSRs, performance awards and stock awards without restrictions. Options must have an exercise price at or above fair market value (as defined in the plan) of the stock at the date of grant (except for substitute or replacement options granted in connection with mergers or other acquisitions) and a term of no more than 10years. Except for options granted in 2004 and 2005, which generally vested in full upon grant, options generally become exercisable over three years beginning on the first anniversary of the date of grant. Except as otherwise permitted under the plan, if employment is ended for reasons other than retirement, permanent disability or death, the option exercise period is reduced or the options are canceled. Options granted prior to 2004 may include the right to acquire a reload stock option. If an option contains the reload feature and if a participant pays all or part of the exercise price of the option with shares of stock purchased in the market or held by the participant for at least six months and, in either case, not used in a similar transaction in the last s

Employee Benefits and Other Exp

Employee Benefits and Other Expenses
	12 Months Ended Dec. 31, 2009 USD / shares
Employee Benefits and Other Expenses [Abstract]
Employee Benefits and Other Expenses	Note 19: Employee Benefits and Other Expenses Employee Benefits We sponsor a noncontributory qualified defined benefit retirement plan, the Wells Fargo Company Cash Balance Plan (Cash Balance Plan), which covers eligible employees of Wells Fargo; the benefits earned under the Cash Balance Plan were frozen effective July1, 2009. On April28, 2009, the Board of Directors approved amendments to freeze the benefits earned under the Wells Fargo qualified and supplemental Cash Balance Plans and the Wachovia Corporation Pension Plan, a cash balance plan that covered eligible employees of the legacy Wachovia Corporation, and to merge the Wachovia Pension Plan into the qualified Cash Balance Plan. These actions became effective on July1, 2009. Prior to July1, 2009, eligible employees cash balance plan accounts were allocated a compensation credit based on a percentage of their qualifying compensation. The compensation credit percentage was based on age and years of credited service. The freeze discontinues the allocation of compensation credit for services after June30, 2009. Investment credits continue to be allocated to participants based on their accumulated balances. Employees become vested in their Cash Balance Plan accounts after completing three years of vesting service. Freezing and merging the above plans effective July1, 2009, resulted in a re-measurement of the pension obligations and plan assets as of April30, 2009. Freezing and re-measuring decreased the pension obligations by approximately $945million and decreased cumulative OCI by approximately $725million pre tax ($456million after tax) in second quarter 2009. The re-measurement resulted in a decrease in the fair value of plan assets of approximately $150million. We used a discount rate of 7.75% for the April30, 2009, re-measurement based on our consistent methodology of determining our discount rate based on an established yield curve developed by our outside actuarial firm. This methodology incorporates a broad group of top quartile Aa or higher rated bonds. As a result of freezing our pension plans, we revised our amortization life for actuarial gains and losses from 5years to 13years to reflect the estimated average remaining participation period. These actions lowered pension cost by approximately $500million for 2009, including $67million of one-time curtailment gains. We did not make a contribution to our Cash Balance Plan in 2009. We do not expect that we will be required to make a contribution to the Cash Balance Plan in 2010; however, this is dependent on the finalization of the actuarial valuation. Our decision of whether to make a contribution in 2010 will be based on various factors including the actual investment performance of plan assets during 2010. Given these uncertainties, we cannot estimate at this time the amount, if any, that we will contribute in 2010 to the Cash Balance Plan. The total amount contributed for our other pension plans in 2009 was $83million. For the unfunded nonqualified pension plans and postretirement benefit plans, we will contribute the minimum required amount in 2010, which equals the benefits paid under the p

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Income Taxes [Abstract]
Income Taxes	Note 20: Income Taxes The components of income tax expense were: Year ended December 31, (in millions) 2009 2008 2007 Current: Federal $ (3,952 ) 2,043 3,181 State and local (334 ) 171 284 Foreign 164 30 136 Total current (4,122 ) 2,244 3,601 Deferred: Federal 8,709 (1,506 ) (32 ) State and local 794 Foreign (50 ) (136 ) 1 Total deferred 9,453 (1,642 ) (31 ) Total $ 5,331 602 3,570 The tax benefit related to the exercise of employee stock options recorded in stockholders equity was $18million, $123million and $210million for 2009, 2008 and 2007, respectively. Year ended December 31, (in millions) 2009 2008 Deferred tax assets Allowance for loan losses $ 9,178 7,859 Deferred compensation and employee benefits 3,026 2,016 Accrued expenses, deductible when paid 2,235 1,536 Basis difference in investments 208 PCI loans 8,645 13,806 Mark to market, net 194 Net unrealized losses on securities available for sale 3,887 Net operating loss and tax credit carry forwards 3,370 520 Other 1,706 1,421 Total deferred tax assets 28,368 31,239 Deferred tax assets valuation allowance (827 ) (973 ) Deferred tax liabilities Mortgage servicing rights (8,073 ) (5,606 ) Leasing (3,439 ) (2,617 ) Basis difference in investments (325 ) Mark to market, net (4,853 ) Intangible assets (5,567 ) (5,625 ) Net unrealized gains on securities available for sale (2,079 ) Other (318 ) (2,229 ) Total deferred tax liabilities (24,329 ) (16,402 ) Net deferred tax asset $ 3,212 13,864 We had a net deferred tax asset of $3.2billion and $13.9billion for 2009 and 2008, respectively. Our net deferred tax asset and the tax effects of temporary differences that gave rise to significant portions of these deferred tax assets and liabilities are presented in the preceding table. Deferred taxes related to net unrealized losses on securities available for sale, net unrealized gains on derivatives, foreign currency translation, and employee benefit plan adjustments are recorded in cumulative OCI (see Note 22 in this Report). These associated adjustments decreased OCI by $5.9 billion. Deferred taxes totaling $2.7 billion were recorded against goodwill related to purchase price refinements (see Note 2 in this Report). Deferred taxes of $1.4 billion were also recorded on the purchase of the Prudential noncontrolling interest on December 31, 2009, with the associated adjustment increasing stockholders equity. We have determined that a valuation reserve is required for 2009 in the amount of $827million primarily attributable to deferred tax assets in various state and foreign jurisdictions wh

Earnings Per Common Share

Earnings Per Common Share
	12 Months Ended Dec. 31, 2009 USD / shares
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 21: Earnings Per Common Share The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations. At December31, 2009 and 2008, options to purchase 242.7million and 172.4million shares and a warrant to purchase 110.3million and 110.3million shares, respectively, were outstanding but not included in the calculation of diluted earnings per common share because the exercise price was higher than the market price, and therefore were antidilutive. At December31, 2007, options to purchase 13.8 million shares were antidilutive. Year ended December 31, (in millions, except per share amounts) 2009 2008 2007 Wells Fargo net income $ 12,275 2,655 8,057 Less: Preferred stock dividends and accretion (1) 4,285 286 Wells Fargo net income applicable to common stock (numerator) $ 7,990 2,369 8,057 Earnings per common share Average common shares outstanding (denominator) 4,545.2 3,378.1 3,348.5 Per share $ 1.76 0.70 2.41 Diluted earnings per common share Average common shares outstanding 4,545.2 3,378.1 3,348.5 Add: Stock options 17.2 13.1 34.2 Restricted share rights 0.3 0.1 0.1 Diluted average common shares outstanding (denominator) 4,562.7 3,391.3 3,382.8 Per share $ 1.75 0.70 2.38 (1) Includes $3.5billion and $219million in 2009 and 2008, respectively, for SeriesD Preferred Stock, which was redeemed in 2009. In conjunction with the redemption, we accelerated accretion of the remaining discount of $1.9billion.

Other Comprehensive Income

Other Comprehensive Income
	12 Months Ended Dec. 31, 2009 USD / shares
Other Comprehensive Income [Abstract]
Other Comprehensive Income	Note 22: Other Comprehensive Income The components of other comprehensive income (OCI)and the related tax effects were: Year ended December 31, 2009 2008 2007 Before Tax Net of Before Tax Net of Before Tax Net of (in millions) tax effect tax tax effect tax tax effect tax Translation adjustments $ 118 45 73 (93 ) (35 ) (58 ) 36 13 23 Securities available for sale: Unrealized losses related to factors other than credit arising during the year (1,340 ) (497 ) (843 ) All other gains (losses) 17,253 6,437 10,816 (10,552 ) (3,960 ) (6,592 ) 91 38 53 Reclassification of gains included in net income (349 ) (129 ) (220 ) (29 ) (11 ) (18 ) (350 ) (133 ) (217 ) Net unrealized gains (losses) arising during the year 15,564 5,811 9,753 (10,581 ) (3,971 ) (6,610 ) (259 ) (95 ) (164 ) Derivatives and hedging activities: Net unrealized gains arising during the year 193 86 107 955 363 592 645 246 399 Reclassification of net gains on cash flow hedges included in net income (531 ) (203 ) (328 ) (252 ) (96 ) (156 ) (124 ) (47 ) (77 ) Net unrealized gains (losses) arising during the year (338 ) (117 ) (221 ) 703 267 436 521 199 322 Defined benefit pension plans: Net actuarial gain (loss) 222 73 149 (2,165 ) (799 ) (1,366 ) 347 132 215 Amortization of net actuarial loss and prior service cost included in net income 184 60 124 6 2 4 44 17 27 Net gains (losses)arising during the year 406 133 273 (2,159 ) (797 ) (1,362 ) 391 149 242 Other comprehensive income $ 15,750 5,872 9,878 (12,130 ) (4,536 ) (7,594 ) 689 266 423 Cumulative OCI balances were: Derivatives Defined Cumulative Securities and benefit other Translation available hedging pension comprehensive (in millions) adjustments for sale activities plans income Balance, December31, 2006 $ 29 562 113 (402 )(1) 302 Net change 23 (164 ) 322 242 423 Balance, December31, 2007 52 398 435 (160 ) 725 Net change (58 ) (6,610 ) 436 (1,362 ) (7,594 ) Balance, December31, 2008 (6 ) (6

Operating Segments

Operating Segments
	12 Months Ended Dec. 31, 2009 USD / shares
Operating Segments [Abstract]
Operating Segments	Note 23: Operating Segments As a result of the combination of Wells Fargo and Wachovia, in first quarter 2009, management realigned its segments into the following three lines of business for management reporting: Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement. The results for these lines of business are based on our management accounting process, which assigns balance sheet and income statement items to each responsible operating segment. This process is dynamic and, unlike financial accounting, there is no comprehensive, authoritative guidance for management accounting equivalent to GAAP. The management accounting process measures the performance of the operating segments based on our management structure and is not necessarily comparable with similar information for other financial services companies. We define our operating segments by product type and customer segment. If the management structure and/or the allocation process changes, allocations, transfers and assignments may change. We revised prior period information to reflect the first quarter 2009 realignment of our operating segments; however, because the acquisition was completed on December31, 2008, Wachovias results are not included in the income statement or in average balances for periods prior to 2009. Community Banking offers a complete line of diversified financial products and services to consumers and small businesses with annual sales generally up to $20million in which the owner generally is the financial decision maker. Community Banking also offers investment management and other services to retail customers and securities brokerage through affiliates. These products and services include the Wells Fargo Advantage FundsSM, a family of mutual funds. Loan products include lines of credit, equity lines and loans, equipment and transportation (recreational vehicle and marine) loans, education loans, origination and purchase of residential mortgage loans and servicing of mortgage loans and credit cards. Other credit products and financial services available to small businesses and their owners include receivables and inventory financing, equipment leases, real estate financing, Small Business Administration financing, venture capital financing, cash management, payroll services, retirement plans, Health Savings Accounts and merchant payment processing. Consumer and business deposit products include checking accounts, savings deposits, market rate accounts, Individual Retirement Accounts, time deposits and debit cards. Community Banking serves customers through a complete range of channels, including traditional banking stores, in-store banking centers, business centers, ATMs, and Wells Fargo Customer Connection, a 24-hours a day, seven days a week telephone service. Online banking services include single sign-on to online banking, bill pay and brokerage, as well as online banking for small business. Community Banking also includes Wells Fargo Financial consumer finance and auto finance operations. Consumer finance operations make real estate loans to individuals in the United States and the Pacific Rim, and also make direct con

Condensed Consolidating Financi

Condensed Consolidating Financial Statements
	12 Months Ended Dec. 31, 2009 USD / shares
Financial Statements [Abstract]
Condensed Consolidating Financial Statements	Note 24: Condensed Consolidating Financial Statements Following are the condensed consolidating financial statements of the Parent and Wells Fargo Financial, Inc. and its wholly-owned subsidiaries (WFFI). In 2002, the Parent issued a full and unconditional guarantee of all outstanding term debt securities and commercial paper of WFFI. WFFI ceased filing periodic reports under the Securities Exchange Act of 1934 and is no longer a separately rated company. The Parent also guaranteed all outstanding term debt securities of Wells Fargo Financial Canada Corporation (WFFCC), WFFIs wholly-owned Canadian subsidiary. WFFCC has continued to issue term debt securities and commercial paper in Canada, unconditionally guaranteed by the Parent. Condensed Consolidating Statement of Income Other consolidating Consolidated (in millions) Parent WFFI subsidiaries Eliminations Company Year ended December31, 2009 Dividends from subsidiaries: Bank $ 6,974 (6,974 ) Nonbank 528 (528 ) Interest income from loans 3,467 38,140 (18 ) 41,589 Interest income from subsidiaries 2,126 (2,126 ) Other interest income 424 111 14,150 14,685 Total interest income 10,052 3,578 52,290 (9,646 ) 56,274 Deposits 3,774 3,774 Short-term borrowings 174 38 782 (772 ) 222 Long-term debt 3,391 1,305 2,458 (1,372 ) 5,782 Other interest expense 172 172 Total interest expense 3,565 1,343 7,186 (2,144 ) 9,950 Net interest income 6,487 2,235 45,104 (7,502 ) 46,324 Provision for credit losses 1,901 19,767 21,668 Net interest income after provision for credit losses 6,487 334 25,337 (7,502 ) 24,656 Noninterest income Fee income nonaffiliates 148 22,815 22,963 Other 738 169 19,135 (643 ) 19,399 Total noninterest income 738 317 41,950 (643 ) 42,362 Noninterest expense Salaries and benefits 320 129 26,018 26,467 Other 521 711 21,964 (643 ) 22,553 Total noninterest expense 841 840 47,982 (643 ) 49,020 Income (loss)before income tax expense (benefit) and equity in undistributed income of subsidiaries 6,384 (189 ) 19,305 (7,502 ) 17,998 Income tax expense (benefit) (164 ) (86 ) 5,581 5,331 Equity in undistributed income of subsidiaries 5,727 (5,727 ) Net income (loss)before noncontrolling interests 12,275 (103 ) 13,724 (13,229 ) 12,667 Less: Net income f

Regulatory and Agency Capital R

Regulatory and Agency Capital Requirements
	12 Months Ended Dec. 31, 2009 USD / shares
Regulatory and Agency Capital Requirements [Abstract]
Regulatory and Agency Capital Requirements	Note 25: Regulatory and Agency Capital Requirements The Company and each of its subsidiary banks are subject to various regulatory capital adequacy requirements administered by the Federal Reserve Board (FRB)and the OCC, respectively. The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA)required that the federal regulatory agencies adopt regulations defining five capital tiers for banks: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Quantitative measures, established by the regulators to ensure capital adequacy, require that the Company and each of the subsidiary banks maintain minimum ratios (set forth in the following table) of capital to risk-weighted assets. There are three categories of capital under the guidelines. Tier 1 capital includes common stockholders equity, qualifying preferred stock and trust preferred securities, less goodwill and certain other deductions (including a portion of servicing assets and the unrealized net gains and losses, after taxes, on securities available for sale). Tier 2 capital includes preferred stock not qualifying as Tier 1 capital, subordinated debt, the allowance for credit losses and net unrealized gains on marketable equity securities, subject to limitations by the guidelines. Tier 2 capital is limited to the amount of Tier 1 capital (i.e., at least half of the total capital must be in the form of Tier 1 capital). Tier 3 capital includes certain qualifying unsecured subordinated debt. We do not consolidate our wholly-owned trusts (the Trusts) formed solely to issue trust preferred securities. The amount of trust preferred securities and perpetual preferred purchase securities issued by the Trusts that was includable in Tier 1 capital in accordance with FRB risk-based capital (RBC)guidelines was $19.3 billion at December31, 2009. The junior subordinated debentures held by the Trusts were included in the Companys long-term debt. See Note 13 in this Report for additional information on trust preferred securities. Under the guidelines, capital is compared with the relative risk related to the balance sheet. To derive the risk included in the balance sheet, a risk weighting is applied to each balance sheet asset and off-balance sheet item, primarily based on the relative credit risk of the counterparty. For example, claims guaranteed by the U.S. government or one of its agencies are risk-weighted at 0% and certain real estate related loans risk-weighted at 50%. Off-balance sheet items, such as loan commitments and derivatives, are also applied a risk weight after calculating balance sheet equivalent amounts. A credit conversion factor is assigned to loan commitments based on the likelihood of the off-balance sheet item becoming an asset. For example, certain loan commitments are converted at 50% and then risk-weighted at 100%. Derivatives are converted to balance sheet