Pricing Supplement Dated: October 4, 1994 Rule 424(b)(3) No.: FL96 File No. 33-51227 (To Prospectus dated January 26, 1994 and Prospectus Supplement dated March 24, 1994) THE NOTE IS NOT A DEPOSIT AND IS NOT INSURED BY THE FDIC OR ANY OTHER FEDERAL AGENCY. Wells Fargo & Company Medium-Term Notes and Subordinated Medium-Term Notes, Series B, Due From 9 Months to 12 Years From Date of Issue Floating Rate Principal Amount: US$ $50,000,000.00 - ------------------------------------------------------------------------------ Trade Date:10/03/94 Issuance Date: 10/11/94Initial Interest Rate:* Issue Price: 99.86700 Regular Record Dates: Selling Agents's Discount Interest Payment Dates: or Commission: 0.00000% Stated Maturity Date: 10/10/97 Net Proceeds to Issuer: $49,933,500.00 * Initial Interest Rate to be determined on 10/06/94 - ------------------------------------------------------------------------------ Form: _X_ Book Entry ___ Certificated Ranking: _X_ Senior ___ Subordinated Interest Rate Basis: Index Maturity Spread: +/- 0.10 ___ Commercial Paper Rate ___ 1 Month _X_ LIBOR _X_ 3 Months ___ Treasury Rate ___ 6 Months Interest Determination Dates: ___ Prime Rate ___ 1 Year Interest Calculation Dates: ___ CD Rate ___ Other Calculation Agent: ___ Federal Funds Rate Chemical Trust ___ Other (see attached) Interest Payment Period:___ Monthly_X_ Quarterly ___ Semi-Annually ___Annually First Interest Reset Date: 12/21/94 Interest Reset Date: ___ Daily ___ Weekly ___ Monthly _X_ Quarterly ___ Semi-annually ___ Annually Maximum Interest Rate: Minimum Interest Rate: Redemption: Repayment: _X_ The Note cannot be redeemed prior to maturity ___The Note cannot be repaid prior to maturity ___ The Note may be redeemed prior to maturity _X_ The Note may be repaid prior to maturity at Earliest Redemption Date: the option of the holder of the Note Redemption Price: Annual Redemption Price Reduction: Sinking Fund Redemption Dates: Repayment Date: 06/19/96 Sinking Fund Ammount: Repayment Price: 100.00% Discount Note ___ Yes _X_ No Total Amount of OID: Yield to Maturity: Initial Accrual Period: Agent: FIRST BOSTON Other Provisions: Terms are not completed for certain items above either because the such items are not applicable or because the terms are as specified in the Prospectus Supplement.