Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Other Comprehensive Income [Abstract]

Other Comprehensive Income

Note 17: Other Comprehensive Income

The components of other comprehensive income (OCI), reclassifications to net income by income statement line item, and the related tax effects were:

								Quarter ended September 30,								Nine months ended September 30,
									2013				2012			2013			2012
									Before	Tax		Net of	Before	Tax	Net of	Before	Tax	Net of	Before	Tax	Net of
(in millions)									tax	effect		tax	tax	effect	tax	tax	effect	tax	tax	effect	tax
Securities available for sale:
	Net unrealized gains (losses)
		arising during the period						$	842	(199)		643	2,892	(1,077)	1,815	(5,922)	2,331	(3,591)	5,597	(2,097)	3,500
	Reclassification of net (gains)
		losses to net income:
			Net (gains) losses on debt securities
				available for sale					6	(3)		3	(3)	1	(2)	15	(6)	9	65	(25)	40
			Net gains from equity
				investments					(120)	45		(75)	(38)	14	(24)	(212)	80	(132)	(355)	134	(221)
					Subtotal reclassifications
						to net income			(114)	42		(72)	(41)	15	(26)	(197)	74	(123)	(290)	109	(181)
							Net change		728	(157)		571	2,851	(1,062)	1,789	(6,119)	2,405	(3,714)	5,307	(1,988)	3,319
Derivatives and hedging activities:
	Net unrealized gains (losses)
		arising during the period							(7)	3		(4)	24	(3)	21	(10)	4	(6)	63	(19)	44
	Reclassification of net (gains) losses
		on cash flow hedges to net income:
			Interest income on loans						(106)	35		(71)	(118)	48	(70)	(337)	122	(215)	(370)	143	(227)
			Interest expense on long-term debt						19	(7)		12	24	(8)	16	73	(27)	46	70	(26)	44
			Noninterest income						18	(7)		11	-	-	-	35	(13)	22	-	-	-
			Salaries expense						-	-		-	5	(2)	3	4	(2)	2	5	(2)	3
					Subtotal reclassifications
						to net income			(69)	21		(48)	(89)	38	(51)	(225)	80	(145)	(295)	115	(180)
							Net change		(76)	24		(52)	(65)	35	(30)	(235)	84	(151)	(232)	96	(136)
Defined benefit plans adjustments:
	Net actuarial gains (losses) arising
		during the period							297	(112)		185	(1)	-	(1)	1,075	(405)	670	(18)	7	(11)
	Reclassification of amounts to net
		periodic benefit costs (1):
			Amortization of net actuarial loss						33	(13)		20	35	(13)	22	124	(47)	77	106	(40)	66
			Settlements and other						26	(9)		17	-	-	-	97	(36)	61	5	(2)	3
					Subtotal reclassifications to
						net periodic benefit costs			59	(22)		37	35	(13)	22	221	(83)	138	111	(42)	69
							Net change		356	(134)		222	34	(13)	21	1,296	(488)	808	93	(35)	58
Foreign currency translation adjustments:
	Net unrealized gains (losses) arising
		during the period							12	2		14	45	(17)	28	(27)	(4)	(31)	(1)	-	(1)
	Reclassification of net (gains)
		losses to net income:
			Noninterest income						3	-		3	-	-	-	(12)	5	(7)	(10)	4	(6)
							Net change		15	2		17	45	(17)	28	(39)	1	(38)	(11)	4	(7)
Other comprehensive income (loss)								$	1,023	(265)		758	2,865	(1,057)	1,808	(5,097)	2,002	(3,095)	5,157	(1,923)	3,234
Less: Other comprehensive income
	from noncontrolling interests, net of tax											266			2			266			6
		Wells Fargo other comprehensive
			income (loss), net of tax								$	492			1,806			(3,361)			3,228

• These items are included in the computation of net periodic benefit cost which is recorded in employee benefit expense (see Note 15 for additional details).

Cumulative OCI balances were:

									Cumulative
						Derivatives	Defined	Foreign	other
					Securities	and	benefit	currency	compre-
					available	hedging	plans	translation	hensive
(in millions)					for sale	activities	adjustments	adjustments	income
Quarter ended September 30, 2013
Balance, beginning of period				$	3,177	190	(1,595)	25	1,797
	Net unrealized gains (losses)
		arising during the period			643	(4)	185	14	838
	Amounts reclassified to net income				(72)	(48)	37	3	(80)
	Net change				571	(52)	222	17	758
	Less: Other comprehensive income from
			noncontrolling interests		265	-	-	1	266
Balance, end of period				$	3,483	138	(1,373)	41	2,289
Quarter ended September 30, 2012
Balance, beginning of period				$	5,939	384	(1,749)	55	4,629
	Net unrealized gains (losses) arising during the period				1,815	21	(1)	28	1,863
	Amounts reclassified to net income				(26)	(51)	22	-	(55)
	Net change				1,789	(30)	21	28	1,808
	Less: Other comprehensive income (loss) from
			noncontrolling interests		3	-	-	(1)	2
Balance, end of period				$	7,725	354	(1,728)	84	6,435
Nine months ended September 30, 2013
Balance, beginning of period				$	7,462	289	(2,181)	80	5,650
	Net unrealized gains (losses)
		arising during the period			(3,591)	(6)	670	(31)	(2,958)
	Amounts reclassified to net income				(123)	(145)	138	(7)	(137)
	Net change				(3,714)	(151)	808	(38)	(3,095)
	Less: Other comprehensive income from
			noncontrolling interests		265	-	-	1	266
Balance, end of period				$	3,483	138	(1,373)	41	2,289
Nine months ended September 30, 2012
Balance, beginning of period				$	4,413	490	(1,786)	90	3,207
	Net unrealized gains (losses) arising during the period				3,500	44	(11)	(1)	3,532
	Amounts reclassified to net income				(181)	(180)	69	(6)	(298)
	Net change				3,319	(136)	58	(7)	3,234
	Less: Other comprehensive income (loss) from
			noncontrolling interests		7	-	-	(1)	6
Balance, end of period				$	7,725	354	(1,728)	84	6,435