wells fargo annual report 2016

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allowance for credit losses; (v) our expectations regarding net interest

discounting expected cash flows using the loan’s effective Changes in fair value of MSRs carried at fair value: Due to changes in valuation model inputs or assumptions (2), Total changes in fair value of MSRs carried at fair value, Net derivative gains (losses) from economic hedges (4), Market-related valuation changes to MSRs, net of hedge results (2)(4). the Basel III capital framework and certain provisions of the

Share Editor’s note: In a letter published March 16 in the 2016 Wells Fargo Annual Report (PDF), CEO Tim Sloan reviews the company’s financial performance and details how Wells Fargo is working to rebuild trust with stakeholders. In addition, the FRB closely monitors capital levels of the institutions it supervises and may require such institutions to modify capital levels based on FRB determinations. indicate there will be a loss of contractually due amounts upon penetration rates have not been adjusted to reflect the impact of "Financial in nature" activities include securities underwriting, dealing and market making; sponsoring mutual funds and investment companies; insurance underwriting and agency; merchant banking; and activities that the FRB, in consultation with the Secretary of the U.S. Treasury, determines to be financial in nature or incidental to such financial activity. The Company agrees to furnish upon request to the Commission a copy of each instrument defining the rights of holders of senior and subordinated debt of the Company. We are committed to learning from our mistakes because we recognize the inappropriate sales practices in our retail bank did not serve the interests of our customers, our team members, or our company. ), 420 Montgomery Street, San Francisco, California 94163, (Address of principal executive offices) (Zip code), Registrant's telephone number, including area code: 1-866-878-5865. requirements, or delays or moratoriums on foreclosures; our ability to realize our efficiency ratio target as part of our Equity Tier 1 ratio (fully phased-in) of 10.7 percent1.

Expanded offerings for small business customers. issuances are also used to diversify funding sources.

Amendment to Directors Stock Compensation and Deferral Plan, effective January 25, 2011.

Full year net Entered into and received final court approval of a settlement agreement to pay $480 million to resolve a consolidated securities class action alleging certain misstatements and omissions in disclosures related to sales practices matters. They also face increased competition from nonbank institutions such as brokerage houses, private equity firms and online lending companies, as well as from financial services subsidiaries of commercial and manufacturing companies. The quarterly loss rate of 0.37 percent (annualized) reflected I am pleased with the progress we Banking statutes, regulations and policies are continually under review by Congress and state legislatures and federal and state regulatory agencies, as well as foreign governments and financial regulators, and a change in them, including changes in how they are interpreted or implemented, could have a material effect on our business.

41-0449260, (State of incorporation) (I.R.S. 1 percent, from the prior quarter, largely driven by higher operating presented at unpaid principal balance for loans serviced and CREDIT-IMPAIRED (PCI) LOANS. Servicing, Corporate Trust, Equipment Finance, Wells Fargo Securities, We are committed to building a better, stronger Wells Fargo for all of our stakeholders.

Ratio of MSRs to related loans serviced for others, Weighted-average note rate (mortgage loans serviced for others), Residential pipeline and unsold/repurchased loan management (1), Wells Fargo first mortgage quarterly applications, Refinances as a percentage of applications, Wells Fargo first mortgage unclosed pipeline, at quarter end, Purchases as a percentage of originations, Refinances as a percentage of originations.
Â§ 1350. financial solutions to businesses across the United States and globally Innovation Group. litigation and regulatory matters; the effect of the current low interest rate environment or changes in

The termination of deposit insurance for one or more of our bank subsidiaries could have a material adverse effect on our earnings, depending on the collective size of the particular banks involved.

of our nonmarketable equity investments but excluding mortgage (1) The individual states shown in this table represent the top Incorporated by reference to Exhibit 10(e) to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 1999. insurance, investments, mortgage, and consumer and commercial finance