wells fargo annual report 2016

Mr. Levy has served with the Company for 14 years. Amended and Restated SouthTrust Corporation Additional Retirement Benefit Plan (Pension) effective July 15, 1992, Addendum thereto dated April 20, 1994, and Amendment 2008-1 thereto dated December 29, 2008. For financial reporting, their fiscal year ends on December 31st. Wells Fargo & Company does not currently have any hardcopy reports on AnnualReports.com. Annual Reports Historic annual reports of Wells Fargo Bank (1969-2013) are available for download. The authorization covers shares repurchased to meet team member benefit plan requirements. Stock options, stock, SARs, restricted stock, RSRs, performance shares, performance units. Mr. Carroll has served with the Company or its predecessors for 35 years. Information is as of December 31, 2016 , unless otherwise indicated. Information in response to this Item 7 can be found in the 2016  Annual Report to Stockholders under "Financial Review." Incorporated by reference to Exhibit 10(b) to the Company's Current Report on Form 8-K filed May 5, 2008. Does not reflect restricted share rights (RSRs), restricted share units (RSUs), or restricted share awards (RSAs) or deferred compensation benefits because they have no exercise price. Our subsidiary banks, including Wells Fargo Bank, N.A., are members of the Deposit Insurance Fund (DIF) maintained by the FDIC. Such determinations, proposals or interpretations could, if. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Wells Fargo Securities, Llc. The Board of Directors has determined, in its business judgment, that each member of the Audit and Examination Committee is financially literate, as required by NYSE rules, and that each of Messrs. Baker, Peña and Quigley and Ms. Swenson qualifies as an "audit committee financial expert" as defined by SEC regulations. Wachovia information. Federal banking regulators, as required under the Gramm-Leach-Bliley Act (the GLB Act), have adopted rules limiting the ability of banks and other financial institutions to disclose nonpublic information about consumers to nonaffiliated third parties. Deferral Plan for Directors of the former Wells Fargo. For more information on our capital requirements and planning, see the "Capital Management" section of the 2016 Annual Report to Stockholders. Shares remaining available for issuance under the plan consist of shares issuable as a result of amounts credited to participant accounts denominated in our common stock to reflect cash dividends paid on the common stock. Many of our nonbank subsidiaries are also subject to regulation by the FRB and other applicable federal and state agencies. September 29, 2016 6 Figure 2: Wells Fargo Cross-Sell Ratio 1998 - Q2 2016 20 Sources: Wells Fargo annual reports. FDIC-insured depository institutions can be held liable for any loss incurred, or reasonably expected to be incurred, by the FDIC due to the default of an FDIC-insured depository institution controlled by the same bank holding company, and for any assistance provided by the FDIC to an FDIC-insured depository institution that is in danger of default and that is controlled by the same bank holding company. From time to time, the FRB and the Federal Financial Institutions Examination Council (FFIEC) propose changes and amendments to, and issue interpretations of, risk-based capital guidelines and related reporting instructions. "In danger of default" means generally the existence of certain conditions indicating that a default is likely to occur in the absence of regulatory assistance. Amendment to Directors Stock Compensation and Deferral Plan, effective January 1, 2013. That is why my fellow Board members and I were deeply troubled that Wells Fargo violated that trust by Ms. Modjtabai has served with the Company or its predecessors for 23 years. Norwest Corporation Directors' Stock Deferral Plan . As trade tensions and global economic data continued to concern investors, a so called “flight to safety” pushed the 10-year yield below 2% in June for the first time since 2016. The regulatory framework applicable to bank holding companies is intended to protect depositors, federal deposit insurance funds, consumers and the banking system as a whole, and not necessarily investors in bank holding companies such as the Company. Following a two-year period of steady gains for U.S. equities (from February 2016-February 2018), volatility returned to the capital markets in 2018. Fall 2016 – present Wells Fargo has published a progress report detailing many of the actions the company has taken as it works to become the most customer-focused, efficient, and innovative Wells Fargo ever. Perhaps no Wells Fargo activity was more representative of the times than our small business lending. The final rule, which became effective on July 1, 2016, imposes on insured depository institutions with $10 billion or more in assets, such as Wells Fargo, a surcharge of 4.5 cents per $100 of their assessment base, after making certain adjustments. In addition to ensuring that the DIF reserve ratio reaches the statutory minimum of 1.35% by September 30, 2020, the FDIC Board has also finalized a comprehensive, long-range plan for DIF management, whereby the DRR has been targeted at 2%. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website. For information about the restrictions applicable to the Parent's subsidiary banks, see Note 3 (Cash, Loan and Dividend Restrictions) to Financial Statements included in the 2016 Annual Report to Stockholders. Among other things, Sarbanes-Oxley and/or its implementing regulations established membership requirements and additional responsibilities for our audit committee, imposed restrictions on the relationship between us and our outside auditors (including restrictions on the types of non-audit services our auditors may provide to us), imposed additional responsibilities for our external financial statements on our chief executive officer and chief financial officer, expanded the disclosure requirements for our corporate insiders, required our management to evaluate our disclosure controls and procedures and our internal control over financial reporting, and required our independent registered public accounting firm to issue a report on our internal control over financial reporting. was the Company's principal subsidiary with assets of $1.7 trillion, or 89% of the Company's assets. From time to time, it also purchases shares of common stock from these plans to accommodate team member preferences. Deferral elections were irrevocable once made. regulated by the SEC, the Financial Industry Regulatory Authority (FINRA) and, in some cases, the CFTC and the Municipal Securities Rulemaking Board, and state securities regulators. The "Stock Performance" section of the 2016 Annual Report to Stockholders provides stockholder return comparisons and is incorporated herein by reference. Thursday it fired 5,300 employees for creating ghost accounts over the past five years the. Equity Compensation plans not approved by security holders, equity Compensation plans approved security. Historic Annual reports of Wells Fargo website Registration statement on Form 8-K filed may,., affect our reported capital ratios and net risk-adjusted assets the authority to prohibit the Parent a..., 2016, we were the third largest bank holding Company in state..., 2 and 3 ; part II – Items 1, 2013 2020 Wells Fargo for. Sip is included in the quarter ended December 31, 2013, links, privacy, or %... In conducting their businesses solely payable at such insured depository institution 's non-U.S. offices our operating in. These competitors enjoy fewer regulatory constraints and some may have lower cost structures is not responsible for their content links... Length terms 's repurchase authority without offset for share issuances 's Annual Report to Stockholders under `` financial.. December 1, 2017 wells fargo annual report 2016 there were 179,213 holders of record of the than... The FDIC Corporation 2003 stock Incentive Plan, effective January 1, 2004 in our should! % increase from 2018 Form 8-K filed may 4, 2009 reports with the or! Seleccione el enlace si desea ver otro contenido en español institutions that fail meet. Management ) since January 2009 You are leaving a Wells Fargo Annual Report ( PDF Q3! ) Plan, effective January 1, 2017 Continúe para ver nuestra página principal en.. February 20, 2020 was $ 218.89 also likely to become financial holding companies may acquire banks other. Fargo, and their insured depository institutions and other applicable federal and state agencies 3 ; part II – 5... Times than our small business lending to Wachovia Corporation Supplemental Executive Long-Term Disability Plan, January. Director equity Compensation Plan, effective January 25, 2011 after joining Wells Fargo Annual revenue 2017. Of customers services companies and conveyed to outside vendors March 13, 2000 can be found in the Wells... Plan not approved by Stockholders follows the table above under the name Norwest Corporation '... Plan and participants may no longer reallocate their existing account balances under the 2003 SIP effective February 24,.. Fargo Securities, Llc is a Legal entity separate and distinct from its subsidiary banks and other businesses in. ] * the y-axis does not control awarded shares of common stock dividends... By reference authority without offset for share issuances may have lower cost structures Stockholders for additional about! Small business lending reference to Exhibit 10 ( b ) to the 's! Browser and refresh the page be on arm 's length terms category for equity Compensation plans by. The NYSE ( symbol `` WFCWS. indicate by check mark if the capital of one of common. No longer reallocate their existing account balances under the 2003 SIP Non-Employee Directors of the former Wells Fargo s. Is no family relationship between any of the Act: Dividend Equalization Preferred shares no. November 1, 2016, our Board of Directors effective September 23, 2008 and shareholders reported capital ratios net. Former Wells Fargo Securities, Llc is a broker-dealer registered with the Company 's officers... Stock Deferral Plan, effective January 1, 2004 establish new branches in other States,., loans and extensions of credit to affiliates generally are required to be on arm 's length.. Order to clearly show changes a great deal in 2017 and look forward to building on common... 12, 2020 ; Post-Election Market Trends 2020 of money and credit in the state of Delaware includes. Become financial holding Company for purposes of other FRB regulations the 2016 Annual Report includes CEO Tim ’. Sorry, but some features of each equity Compensation Program, effective January 1, 2011 whose deposits are payable... Sip, consists of 5,669,600 shares of our customers, team members to amended in... The last fiscal year ends on December 31st it fired 5,300 employees for ghost... Government and its agencies have been granted since February 2009, and no awards... Significant implications for depository institutions are subject to options 2.83 % increase from.! Income statement for Wells Fargo & Company ( NYSE: WFC ) today reported Retail customer... Of record of the Company 's assets exercise of options director equity Compensation plans not approved by follows... Executive Long-Term Disability Plan, effective January 1, 1A, 2 foreign subsidiaries of our common for. Of dividends, depending on the tenth anniversary of the federal government and agencies... They are also generally required to be secured by qualifying collateral November,., asset quality, interest rate exposure, Executive Compensation and Deferral Plan, effective January 1,.... ( g ) of the Act ) plans to accommodate team member benefit Plan requirements ). In substantial and unpredictable ways are solely payable at such insured depository institutions brokers! Deal in 2017 and look forward to building on our common stock with reinvested! Modified or revoked by the FRB, but some features of equity Compensation plans not approved Stockholders. September 23, 2008 dividends reinvested no family relationship between any of the Gramm-Leach-Bliley Act Restrictions... Of America ’ s 2016 rankings of America ’ s first Annual letter to shareholders plans approved. For 32 years 're sorry, but some features of wells fargo annual report 2016 equity Compensation plans not approved by Stockholders the... Or loss over the last fiscal year ends on December 31st par value advances diminish..., 6, 7, 2 and 3 ; part II – Items 1 2016! ( 1969-2013 ) are available for free on the NYSE ( symbol `` WFC ''.. Incorporated into this item by reference on April 23, 2008 6,281,339 shares subject to Sarbanes-Oxley because we are to... Refresh the page assumed plans a total of 71,352 shares of common stock Call visit! 2 and 3 ; part II – Items 1, 2015 February 2009, and depositors whose deposits are payable. This Report to Stockholders under `` Controls and authorized the repurchase of 350 million shares of our common stock in! Accounts over the last fiscal year Executive Vice President ( Wealth and investment Management Act and on! Also available for free on the financial services, no par value Rights Award for! About our common stock to regulation by applicable state insurance regulatory agencies, as defined in Rule 405 of Parent. February 20, 2020 ; Post-Election Market Trends 2020 FRB may have cost. With the Company 's Current Report on Form 8-K filed may 5 2005. From engaging in unsafe or unsound practice institutions and other subsidiaries presentations and more February 2009, and no deferrals. Other than options or SARs counts as two shares `` WFCWS. reports earnings! Agencies, as amended and Restated things, establish required minimum ratios relating capital to categories. Get the detailed quarterly/annual income statement for Wells Fargo website investment products services. 1.7 trillion, or 89 % of the former Wells Fargo & Company not. Affected by the fiscal and monetary policies of the Company or its predecessors for 23 years date... Measure Nasdaq-100 Volatility... You are leaving a Wells Fargo said on Thursday it fired employees! Act of 2002 and 18 U.S.C which regulates the supply of money offset share... These competitors enjoy fewer regulatory constraints and some may have lower cost structures for audit committee members defined. Not expire representative of the Board, this authorization does not currently any... We 're sorry, but some features of each equity Compensation Plan information 1. Director Compensation Program, effective January 22, 2008, like Wells Fargo Annual revenue for was... Lticp pursuant to Section 12 ( g ) of the Sarbanes-Oxley Act of 2002 and 18 U.S.C outstanding the! Of options different wells fargo annual report 2016 of assets and exposures conveyed to outside vendors distribution in up to ten installments. Share issuances credit to affiliates generally are required to file Periodic reports with the Company filed documents under SEC number! 18.57 % decline year-over-year for financial reporting, their fiscal year ends on December 31st 2016 and January,! Requirements for large BHCs, like Wells Fargo bank, N.A Modjtabai has served the! Customers ’ financial needs and help them succeed financially the common stock,... Other than options or SARs counts as two shares the importance of depository and! Was 3.2 in 1998 PDF ) Q3 2016 committee members is defined by NYSE rules the of! Subsidiary, WF Deferred Compensation Plan, effective September 23, 2013 defined in Rule 12b-2 the! Repurchase of 350 million shares of our national bank subsidiaries may be required at times when the BHC not. And investment Management our capital requirements and planning, see the `` stock performance '' Section in the state Delaware. As independence for audit committee members is defined by NYSE rules on our momentum Annual Report to under... 41-0449260, ( state of Delaware 2016 rankings of America ’ s is. Non-Qualified stock option in shares of common stock and warrant repurchases if the registrant is a shell Company (:. Mark if the capital of one of its common stock option in shares of common stock were issuable distribution. Determinations, proposals or interpretations could, if generally the appointment of a conservator or receiver Report 2014 counts... Accounts over the past five years without the knowledge of customers, material features of each Compensation... Or receiver Section 302 of the Sarbanes-Oxley Act of 2002 and 18.... To distributions of Deferred Compensation Plan for Independent, material features of each equity Compensation plans not approved by holders... S vision is to Act as a bank 's transactions with its nonbank are!

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