HomeMy WebLinkAboutRESPONSE - RFP - P807 INVESTMENT SAFEKEEPING AND CUSTODIAL SERVICES (4)NOTICE
OVERSIZED DOCUMENT
DESCRIPTION: PROPOSAL ATTACHMENTS
ARCHIVE LOCATION: P-807 INVESTMENT SAFEKEEPING AND CUSTODIAL
SERVICES
IDENTIFIED AS: RFP/BID#:
P807
FILE NAME:
TRAVEL DEMAND MODELING TECHNICAL
SUPPORT
WHAT:
PROPOSAL Materials: Bound
ANNUAL REPORT 1999
ANNUAL REPORT 2000
PROSPECTUS2000
INVESTING IN MINNESOTA 1999
ANNUAL REPORT1998
Q2 QUARTERLY UPDATE 2001
VENDOR:
WELLS FARGO: Winning Vendor
WELLS FARGO MONEY
MARKET FUNDS
Response to Request For Proposal -
CITY OF FORT COLLINS RFP P-807 Odober I2, 2001
3. There will be no investment activities transacted with the custodial institution except the
provision of an overnight sweep capability, if desired by the City. Any repurchase
agreement must be with a separate primary dealer as counterparty although custody of
collateral can be safekept with the Provider. Provider should describe how such a
relationship could be structured and/or state any difficulty with this provision. Please
provide a reference for a comparable relationship.
Wells Fargo understands that there will be no investment activities transacted with the custodial
institution at this time with the exception of overnight sweep capability.
4. The City wants to be able to report all investments in its financial statements as Category #1
under GASB Statement III ("Deposits with Financial Institutions, Investments and Reverse
Repurchase Agreements") provisions which requires securities be insured or registered in
the name of the governmental entity or held by the entity's agent in the governmental
entity's name. Please describe how the Provider assures such classification.
To achieve a 'I" rating for all of your investments as per GASB 3, with Wells Fargo as
custodian, you will not be able to further engage Wells Fargo in the capacity of investment
manager or primary securities dealer. All Wells Fargo trust and custodial assets are held at the
appropriate depository in specifically segregated accounts in the name of the Trust Department or
its nominee name from the assets of Wells Fargo Bank Minnesota and are appropriately identified
on our books so that each customer is protected and allow the City to achieve a GASB III rating
of 1. We maintain a detailed recordkeeping system which tracks the account holdings and
activity for each and every customer account.
Institutional Trust & Custody Page 3
PRICING NOTES:
Fees are calculated and billed on a quarterly basis.
This pricing proposal is for domestic depository assets only.
There is no charge for the collection of interest income and dividends.
This pricing proposal is based on the information provided. Material changes in the
portfolio and/or portfolio activity will warrant a review and potential adjustment of pricing.
*The STIF collective trust fund is available for the investment of short term cash for
qualified retirement funds only at a cost of 15 basis points.
WELLS FARGO INSTITUTIONAL TRUST & CUSTODY
City of Fort Collins, Colorado
Pro Forma Financial Impact
October 10, 2001
TOTAL
TOTAL
TOTAL
Year One
Year Two
Year Three
Annual Estimated Custody Expense
$16,861.77
$16,861.77
$16,861.77
(Without Performance Measurement)
Annual Estimated Securities Lending Earnings
$33,991.00
$33,991.00
$33,991.00
(See Revenue Projection)
Net Cost of Wells Fargo Custody Services ($17,129.23) ($17,129.23) ($17,129.23)
With Performance Measurement
$15,000.00 $15,000.00 $15,000.00
Net Cost of Wells Fargo Custody Services ($2,129.23) ($2,129.23) ($2,129.23)
Wells Fargo
Securities Lending Revenue Projection
101101=1
Asset Categories
Total Assets
Market Value
Average
% on Loan
Average Market
Value on Loan
Average
BPS read
Net
Revenue
Lendable Assets (Domestic)
U.S Treasuries
18.310.000
90%
16,479.000
20
32,958
U.S. Agencies
65,400,000
25%
16,350,000
14
22,890
U.S. Corporate Bonds
33,505,000
1%
335.050
24
804
Domestic Total Revenue
$
56,652
Non -Lendable Assets
Asset Back"Mongege SodwdlMTN DEB
31,430,000
N/A
N/A
N/A
N/A
GNMAs-Original Face (too small to lend)
13,077,789
N/A
N/A
N/A
NIA
Private Pmcements
1,000,000
N/A
N/A
N/A
N/A
Money Market Funds
2,051,133
N/A
N/A
WA
N/A
Repurchase Agreements
91,000,000
N/A
N/A
N/A
N/A
Totals
255,773,922
13%
33,164,050
s6,6s2
Earnings Summary Domestic
Revenue Split Net Revenue
Client 60% 33,991
Bank 40% 22,661
Basis points added to portfolios: 1.33
A!llWatlgN:
Collateral investment guidelines consistent with Main PooVBusiness Trust.
No market values Provided, numbers based on par value/Quendty.
Small piece size reduces percent on ban for Agencies and Corporate Bonds.
Broker demand for borrowed secuddes remains constant.
Unindemnided to broker default.
Average Spreads are calculated using rolling Melva months of actual results.
Current portfolio composition remains reledvely the same.
Revenue projection from portfolio as of 7131101
WELLS FARGO INSTITUTIONAL TRUST & CUSTODY
City of Fort Collins, Colorado
PRICING DESCRIPTIONS
October 10, 2001
Domestic Administration (Annual Charge On End Of Period Assets):
All the day-to-day costs of administering your domestic asset portfolio. This
includes a dedicated Service Team to interact with your investment
managers, timely resolve any issues, process trades and cash movement
transactions, conduct client service reviews, coordinate special requests,
interact with audit and risk management groups, establish guidelines and
procedures, and consult with you on process streamlining opportunities.
Accounts (Per Account):
Monthly, quarterly and annual account statements. This includes all roll -up
reporting and any other reasonably required information, reports, and analysis.
This category also includes maintaining the accounts on our trust system,
holding account assets in depositories and physical vaults, securities pricing
and all expenses related to the production, distribution, and physical
archiving of reports and statements.
Domestic Depository Settlements (Per Transaction):
The domestic depository and internal operations of settling book -
entry transactions including the related settlement of cash. This includes
buys, sells, free deliveries/receipts, principal paydowns, calls, and maturities.
buy/sell, buy/maturity, or buy/call would be treated as 2 transactions.
Money Transactions (Per Transaction):
Processing any inbound or outbound wire transfers, any outbound ACH or
checks, or internal account transfers. Security settlement prices are
inclusive of any required cash movement transactions.
Physical Settlements (Per Transaction):
The vault, sub -custodian, and internal operations of settling non -book entry
transactions including the related settlement of cash. This would include buys,
sells, free deliveries/receipts, calls, and maturities. We have the capability to
hold physical securities and certificates of deposit in Minneapolis or New
York vaults.
Mutual Fund Settlements (Per Transaction):
The depository, transfer agent, and internal operations of
settling money market, mutual, hedged, pool, or common trust fund
transactions including the related settlement of cash.
On -Line Products (Annual Per Workstation):
Our on-line products: Trust Portfolio, Enhanced Trust Reporting, and ACCESS Payment
allow you to electronically on-line view and download portfolio information, audited
custody reports, and pension distribution information. This includes the use of our
software, all connect and run time costs, training, and our 1-800 support hotline and
1-800 benefit payment hotline.
Performance Measurement (Annual Per Account):
Our performance measurement product includes asset allocation review, total
return versus benchmark, asset segment returns versus benchmark, historical
return charts and graphs, sources of return summary, equity sector allocation
versus the S&P and S&P sector, and bond sector allocation and returns
reports. Total return results are on a pre-tax basis.
STIF Management Fee (Annual Charge On End Of Period Assets):
Covers the asset management fee associated with maintaining assets
in our qualified plan short-term investment fund.
CUSTODYAGREEMENT
THIS CUSTODY AGREEMENT is made by and between
(herein Owner) and Wells Fargo Bank Minnesota, National Association (herein
Custodian), on the day of 2001.
WHEREAS, the Owner desires to engage the services of the Custodian to act on its
behalf in providing custodial services for certain assets under the Owner's management or
the management of , as advisor,
WHEREAS, the Custodian is willing to act as the Owner's custodian to provide these
services for the Owner,
NOW, THEREFORE, the parties hereto agree as follows:
1. Services to be Provided by Custodian. The Custodian shall:
a. Open and maintain a custody account in the name of the Owner and uphold in
such account all cash and securities initially deposited plus any additional cash
and securities that may be received from time to time for the account.
b. Act upon written direction from the Owner or from one or more investment
managers duly appointed in writing by the Owner.
c. Settle securities transactions for the account with brokers or others in
accordance with the Owner's or investment manager's written direction.
d. Issue advices to Owner's duly appointed investment managers setting forth
particulars of purchases, sales, receipts, deliveries and principal collection.
e. Be responsible for the collection of all investment income relating to the assets
in the account.
f. Present for payment all maturing securities or any securities called for
redemption and collect proceeds therefrom.
g. Deliver cash or securities in such manner as the Owner may direct in writing.
h. Deliver proxy materials for securities held in the account as the Owner may
direct in writing.
2. Powers of the Custodian. The Custodian is authorized and empowered to:
a. Hold assets in the nominee selected by the Custodian or such other nominee
name as the Owner may direct in writing.
b. Employ agents other than persons on its regular payroll and delegate to them
such ministerial and other nondiscretionary duties as it sees fit and to rely
upon such information famished by such agents.
c. Make, execute, acknowledge and deliver any and all documents of transfer
and conveyance and any other instruments that may be necessary or
appropriate to carry out the custodianship duties and powers.
3. Reports. Custodian shall furnish to Owner a monthly statement of account
reflecting an inventory of assets in the account, all activity during the previous
month, and a market value for the assets of the account. The Custodian will
furnish such other reports as the Owner may reasonably request, including reports
to the Owner's accountants or other examiners as may be necessary.
4. Fees. Custodian shall receive compensations as set forth in Schedule A attached
to this Agreement as amended from time to time by the parties. Custodian shall
also be reimbursed by the Owner for its out-of-pocket expenses during the
reasonable performance of the Custodian's duties herein.
5. Authorized Persons. The Owner and each duly appointed investment manager
shall furnish a list to the Custodian (and from time to time whenever there are
changes therein) of persons authorized to act on behalf of the Owner or such
investment manager for the purpose of transmitting instructions to the Custodian
concerning the assets in the account. The Custodian shall be entitled to rely on
the oral advice as confirmed in writing or written advice of such persons.
6. Amendment and Termination. This Agreement may be amended by written
agreement of the parties at any time. This Agreement shall continue in effect
unless or until terminated by either party upon 30 days written notice to the other
party. Upon termination, all securities held in the account shall be delivered by
the Custodian to the Owner or in accordance with the Owner's written instruction.
Any fees remaining outstanding and balances owing to the Custodian may be
withheld from the assets delivered to the Owner or under the Owner's direction.
2
7. Indemnification. Owner hereby agrees to indemnify and hold Custodian harmless
from and against any and all claims, liabilities and expenses (including attorneys
fees), which Custodian may incur by reason of its acting as Custodian under this
Agreement. Notwithstanding the foregoing, it is specifically understood and
agreed that in the event Custodian has committed negligence or malfeasance in
the exercise of its responsibilities hereunder, the indemnification provisions of
this Agreement shall not apply.
8. Notices. Notices to the Owner shall be directed and mailed as follows:
Notices to the Custodian shall be directed and mailed as follows:
Wells Fargo Bank Minnesota, N.A.
MAC-N9310-060
Sixth Street and Marquette Avenue
Minneapolis, MN 55479
Attn: Institutional Trust & Custody
9. Inspection Privileges. The books, records, documents, accounting procedures and
practices of the Custodian relevant to this Agreement are subject to examination
by the Owner.
10. Governing Law. This Agreement and all transactions hereunder shall be governed
by, interpreted, construed and enforced in accordance with the laws of the State of
Minnesota.
11. Effective Date. This Agreement shall be effective 120
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first written above.
OWNER
m
Its
CUSTODIAN
WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION
Its
COMMERCIAL ELECTRONIC OFFICE (CEO)
ONLINE ACCESS AGREEMENT
You, the customer named below, have asked to be allowed to enter the Commercial Electronic Office (the "CEO") of
Wells Fargo Bank, N. A. ("Wells Fargo") at Wells Fargo's website so that you can use certain financial services (the
"Services") of Wells Fargo or its affiliates (the "Affiliates") online. The general terms and conditions applicable to your use
of the CEO are contained in this Online Access Agreement (the "Agreement") which you must sign and return to Wells
Fargo before you are allowed access to the CEO. Persons entering the CEO for you (the "Users") must also accept the
Terms of Use for the CEO. Finally, before you are able to use a Service through the CEO you must sign or accept the
applications, agreements, instruments, rules, standards, policies, instructions, and other documents and forms required
to use the Service (the "Service Forms").
1. USING THE CEO. You agree to use the CEO only as provided in (a) this Agreement, (b) the rules, procedures,
standards, requirements, and policies made applicable to the CEO from time to time by Wells Fargo and the Affiliates, (c)
any communications, instructions, terms, or conditions appearing at the CEO, and (d) any state or federal laws or
regulations applicable to the CEO
2. ID CODES AND PASSWORDS.
(a) Each User will be given an ID code and a password by Wells Fargo to be used when the User first enters the CEO.
Wells Fargo will also assign a company ID code to you for use each time a User enters the CEO. Although your
company ID code and the ID codes for each User will remain the same for each entry into the CEO, the password
assigned by Wells Fargo to each User must be changed to a new User -selected password when each User first
enters the CEO. Wells Fargo will not know the new passwords or any subsequent passwords selected by the Users.
(b) You will be able to manage and control who in your company has access to the CEO and the Services by the ID
codes and passwords. It is your responsibility to ensure that your company ID code and the User ID codes and
)asswords are known to, and used only by, persons who have been properly authorized by you to access the CEO
ind use the Services through the CEO.
(c) PROTECTFAILURE TO THE SERV CES,(2) CORRECT, CHANGE,PASSWORDS UNAUTHORIZED
VERIFY, OR END DATA USED WITHTHESERVICES,ERV C S,O� (3)SEND
INFORMATION AND COMMUNICATIONS TO, OR RECEIVE INFORMATION AND COMMUNICATIONS FROM,
WELLS FARGO AND THE AFFILIATES, OR (4) ACCESS YOUR ELECTRONIC COMMUNICATIONS AND
FINANCIAL DATA. ALL ENTRIES INTO THE CEO, ALL COMMUNICATIONS SENT, AND ALL USES OF THE
SERVICES, THROUGH YOUR ID CODES AND PASSWORDS WILL BE DEEMED TO BE ENTRIES,
COMMUNICATIONS, AND USES AUTHORIZED BY YOU AND BE BINDING UPON YOU. YOU ASSUME THE
ENTIRE RISK FOR THE FRAUDULENT OR UNAUTHORIZED USE OF ALL ID CODES AND PASSWORDS.
You acknowledge the importance of developing internal procedures to limit such risk, which procedures will include,
at a minimum, (a) notifying Wells Fargo immediately when any new person becomes a User or when any existing
User no longer is to be a User, and (b) not keeping, in any form or in any place, lists of ID codes or passwords.
(d) You agree to notify Wells Fargo immediately when you become aware of any loss or theft of, or any unauthorized
use of, any ID codes or passwords. You also agree to notify Wells Fargo immediately when you become aware of
any unauthorized entry into the CEO.
3. FINANCIAL INFORMATION. Financial market data, quotes, news, research, and other financial information
(collectively, "Financial Information") developed by, and transmitted to, Wells Fargo by third parties will be available at
the CEO. The posting of any Financial Information or any other information or data at the CEO will not be a
recommendation by Wells Fargo or any Affiliate that any particular Service or transaction is suitable or appropriate for
you or that you should receive or in any way use any Service. Neither Wells Fargo nor any Affiliate guarantees the
accuracy, completeness, timeliness or correct sequencing of any Financial Information, nor are they in any way
responsible for the actions or omissions of the third parties developing or transmitting Financial Information or for any
decision made or action taken by you in reliance upon any Financial Information.
4. USE OF CERTAIN SOFTWARE TO ACCESS THE CEO. In using the CEO you will be sending financial and other
dpta as well as electronic messages directly to Wells Fargo and the Affiliates through the Internet. You acknowledge
when the Internet, or any other electronic communications facilities, are used to transmit or receive data and
r,._.sages, the data and the messages may be accessed by unauthorized third parties. To reduce the likelihood of such
third party access, you agree to transmit and receive data and messages through the CEO using only software,
including, but not limited to, browser software, or other access devices that support the Secure Socket Layer (SSL)
protocol- or other protocols required by, or acceptable to, Wells Fargo, and to follow the Wells Fargo log -on procedures
that support such protocols.
CADocurnents and Settings\phan[03\Local Settings\Temporary Internet Fi1es\0LK2 fF# 2nline Agreement 1-2-01.doc 081600
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807
Odober 12, 2001
B. Mandatory Requirements
1. Non -Discrimination of Provider and Sub -Contractors
The City is committed to equal opportunity and affirmative action. It is the policy of the
City that the maximum practical opportunity to participate in government contracts be
provided to minority and women enterprises. The Provider shall at all times in the bidding
and contracting period comply with all applicable city, county, state and federal anti-
discrimination laws, rules, regulations and requirements.
Any violations of this provision shall be considered a violation of material provisions of the
contract and shall be grounds for cancellation, termination, or suspension in whole or part
of the agreement with the City.
Please respond by describing how the Provider provides for such opportunities and
describe the minority representation in your organization.
Wells Fargo's policy is to provide equal employment opportunity. We are committed to
fostering and building a culture in which diversity is valued. A culture in which people are
accepted and individual differences are respected among employees and customers. We strive to
be an organization that encourages and supports teamwork and productivity among talented
people who are diverse in age, education, ethnic origin, gender, lifestyle, physical abilities, races,
religious belief, sexual/effectual orientation, work background and other perceived differences.
We are also committed to affirmative action. Annually, each business line throughout the
corporation prepares and adopts an Affirmative Action Plan in good faith pursuant to and in
reliance on the Affirmative Action Guidelines of the Equal Employment Opportunity
Commission ("EEOC"). Each manager and supervisor is responsible for the application and
enforcement of our EEO policy with respect to all sdddemployees working under their
supervision and also to cooperate with and assist the EEO Coordinator in the effective
implementation of the adopted Affirmative Action Plan.
As part of the Affirmative Action Plan initiative, we regularly utilize the products and services of
several women and minority owned business enterprises. We are committed to supporting our
communities, other businesses and non-profit organizations. Our commitment is a direct out-
growth of our corporate mission, which advocates active community participation, relationships,
and programs.
In addition, the growth, and often the very existence, of many human services and civic
organizations depends upon financial support from independent and corporate citizens. Each year
we continue to support a variety of non-profit organizations, our community, and our
environment through grants, donations, volunteer contributions, and assistance and support of
events and community campaigns. By teaming up with neighbors, organizations and other local
businesses, we are able to achieve a better understanding of the critical needs of our communities
and ways we can meet those needs. We regularly rank as one of the biggest givers to charities in
our states and local communities.
Instltutlonal Trust & Custody Page 4
SERVICE DESCRIPTION
WELLSNETsm TRUST PORTFOLIO
FINANCIAL REPORTING SERVICE
This Service Description contains specific terms and conditions which govern the
WellsNetsm Trust Portfolio Financial Reporting Service (the "Service") to be provided to
Customer by Bank. These terms and conditions supplement the provisions contained in
the existing Commercial Electronic Office (CEO) Online Access Agreement (the "Master
Agreement") between Bank and Customer.
1. Service Description. The Service will provide Customer with Internet access to
its Trust cash, asset, and transaction information.
(a) Trust account information is as of the close of the previous business day.
(b) Cash and asset position information is available for 30 prior calendar days as
well as for up to thirteen prior month ends.
(c) Transaction history is available for up to eighteen prior months.
(d) Pending transaction information is available as of previous business day for
up to 30 subsequent calendar days.
(a) Customer may sort and select information in several combinations to view
online, print, or export in a variety of output formats.
2. Access. Access to the Service shall be controlled by means of one or more
authorization codes that Bank shall issue to Customer. Customer shall be solely
responsible for controlling the security and confidentiality of these authorization codes
and shall promptly notify Bank if it becomes aware of the unauthorized use of the
authorization code(s) or suspects that an unauthorized use may occur.
3. Fees. Customer agrees to pay Bank for the Service in accordance with the
schedule of charges attached hereto. Bank may change the schedule of charges at any
time upon thirty (30) days' prior written notice to Customer.
4. Sublicense
(a) Bank has separately licensed from third parties (the "Licensors") various
securities pricing databases (referred to as the "Securities Pricing Databases") for its
use in delivering the Service. Bank grants to Customer a nonexclusive, nontransferable
sublicense to access the Securities Pricing Databases solely and exclusively for
Customer's own use and only in connection with the Service. Customer agrees that the
security pricing information contained in the Securities Pricing Databases is provided
solely for Customer's use in connection with the Service and is not provided for any
other use or manipulation by Customer, including the sale of such security pricing
information to third parties. The Securities Pricing Databases shall at all times be the
property of the Licensors and nothing in the Master Agreement or this Service
Description shall be deemed a transfer of or create an ownership interest in the
Securities Pricing Databases.
(b) Bank will have the right to terminate this sublicense if Customer:
(i) ceases to be a customer for the Service;
(ii) attempts to further sublicense or transfer the rights granted in this
Service Description;
(iii) assigns, or attempts to assign, the Master Agreement and this
Service Description or any of its rights hereunder (the word "assign" to include,
without limiting the generality thereof, a transfer of a majority interest in
Customer);
(iv) neglects or fails to perform or observe any of its existing or future
obligations to Bank, whether under the Master Agreement and this Service
Description or otherwise;
(v) makes an assignment for the benefit of creditors, or a receiver,
trustee in bankruptcy or similar officer is appointed to take charge of all or part of
its property; or
(vi) is adjudged bankrupt, and such condition(s) is not remedied within
ten (10) days after written notice thereof has been given to Customer.
(c) Upon termination of this sublicense or of any license granted for the use of
the Securities Pricing Databases, all rights of Customer to use the Securities Pricing
Databases and related documentation under the Master Agreement and this Service
Description will cease. Customer shall promptly discontinue its use of the Service and
its access to the Securities Pricing Databases and any other software products provided
under the Master Agreement and this Service Description and shall return the related
documentation and software products and all copies thereof to Bank.
5. Software and Hardware Confgurations. Bank will advise Customer of, and
Customer acknowledges the need for, certain software and hardware configurations in
order to access and use the Service. Bank may modify the software and hardware
configurations required to access and use the Service at any time upon thirty (30) days'
prior written notice to Customer. Customer shall at all times maintain the then -current
version of the software and hardware configurations required by Bank to access and
use the Service. Customer shall obtain all such software and hardware at its own
expense. Minimum configuration includes an account with an Internet Service Provider
(ISP) or LAN connection to Internet services, 28.8 kbps modem and telephone line, and
a standard Internet browser capable of supporting 128 bit encryption.
Customer acknowledges receipt of WELLSNETsm TRUST PORTFOLIO FINANCIAL
REPORTING SERVICE description. Service description is incorporated into the
COMMERCIAL ELECTRONIC OFFICE (CEO) ONLINE ACCESS AGREEMENT.
Acknowledged and Accepted By:
The Proxy Monitor
By:
Name:
Title:
Date:
WellsNetsm Trust Portfolio Fees
Company:
Fee Amount
Set-up Fee: N/A
Basic Service Fee: N/A
u WELLSNET TRUST REPORTING
CUSTOMER SET UP FORM
(See page 2 for form instructions)
Submit form via email to Wells Fargo ACCESS
Date Submitted: Desired Effective Date:
f. Type of Request: El ADD ❑ Company ❑ User ❑ Account
❑ DELETE ❑ Company ❑ User ❑ Acoount
❑ UPDATE ❑ Company ❑ User
2. Company Information:
Company ID:
Company Name:
Address:
MVS ID:
Company Type: CORPORATE
TIN # (EIN):
City: State: Zip: _
Contact Name: Phone: ( ) ext.
Email: Fax: ( )
3. Operator I nfo rm at i on: (Complete a separate form for EACH Operator requested)
Operator ID:
Operator Name:
Email:
Access (check all that apply)
Phone: ( )
®All (Default) or
Fax: []Su ❑M ❑T ❑W ❑Th ❑F❑S
4. Reporting: Trust Portfolio ❑ Yes ❑ No Trust Ad Hoc []Yes ❑ No Securities Lending ❑ Yes []No
5. Accounts: (Please attach a spreadsheet if the account list is greater than 20)
Note: The SEI Wells Fargo ACCESS optional category must be changed to 2 when accounts are added and f when they are deleted.
6. Additional Information:
7. Bank Information:
RAU/Cost Center:
Relationship Manager:
RM MAC:
RM Phone:
RM Fax:
Implementer:
TED Case #:
Account Administrator:
Admin MAC:
Admin Phone:
Admin Fax:
ImplementationlEnrollment Use Only
Date Received:
PackagelD:
Date Completed:
Temporary Password:
0712001 WellsNet Trust Portfolio Set Up Form Page 1 of 2
WELLSNET TRUST REPORTING
CUSTOMER SET UP FORM
(See page 2 for form instructions)
Submit form via email to Wells Fargo ACCESS
WeIlsNet Trust Reference Guide
Date Information
• Date Submitted: The date the form was completed (usually today's date)
• Desired Effective Date: Service Level Agreement is 7 business days.
Note: If this is a RUSH request, please note this in the Additional Information" section.
Type of Request
• Add:
To setup a new company, new operator, or add a new account.
• Delete:
To delete a company, operator, or delete an account.
• Update:
To update an existing company name or operator name.
Company Information
• Company Type:
For all Trust external clients Ccrat should be entered.
Nam: The following company types are used by Treasury Management only. Financial Institution, Internal and Wells Fargo Subsidiary.
• Company ID:
WeIlsNet Trust Support assigns this 8-character alphanumeric code.
For existing clients, refer to a current copy of the Wells Fargo Access Client Table*.
• MVS ID:
WeIlsNet Trust Support assigns this 14-character alphanumeric code.
For existing clients, refer to a current copy of the Wells Fargo Access Client Table'.
• TIN # (EIN):
Enter the clients Tax Identification Number for new clients.
• Company Name:
Enter the name of the company as listed on the CEO Agreement.
• Address:
Enter the company's complete address, city, state and zip code.
• Contact Name:
Enter the company's primary business contact for the relationship (as well as email, phone and fax).
Operator Information
• Operator ID:
WeIlsNet Trust Support assigns this 8-character alphanumeric code.
For existing clients, refer to a current copy of the Wells Fargo Access Client Table'.
• Operator Name:
Enter the name of the operator who will receive the sign -on authorization information, including the e-mail,
phone and fax information.
• Access:
Indicate the days of the week the operator will have access to CEOIWellsNet. The default is Sunday through
Saturday, 24 hours a day.
Reporting (check yes or no for each of these boxes)
• Trust Portfolio:
To request authorization for the standard Trust Portfolio reporting, check the Trust Portfolio "yes" box.
• Trust Ad Hoc:
To add Trust Ad Hoc reporting to the standard Trust Portfolio reporting, check the "yes" box. There is an
additional cost associated with this product.
• Securities Lending:
To request authorization for the Securities Lending reporting, check the Securities Lending "yes" box.
Accounts:
For new clients, identify the account numbers for which the client will be receiving information. (A list of
account numbers can also be attached.)
For existing clients, list only the accounts being added or deleted.
Note: The SO Wells Fargo ACCESS optional category must be changed to 2 when accounts are added and 1 when they are deleted.
Additional Information:
Enter any comments you would like to make regarding this request.
Bank Information
• RAU/ Cost Center:
Enter the RAU or six -character Cost Center (i.e. MN0999) responsible for the client. Setup and ongoing
support costs will be tilled to this RAU I Cost Center.
• Relationship Manager:
Enter the Wells Fargo Relationship 1 Account Manager responsible for this client (as well as MAC, phone, fax).
• Account Administrator:
Enter the Wells Fargo Account Administrator responsible for this client (as well as MAC, phone, fax).
Minimum Requirements for WeIlsNet:
WeIlsNet Trust reports are most effectively displayed with the following hardware and software components:
• Adobe Acrobat 4.05b, standard browser - Internet Explorer 5.01, Netscape Navigator 4.73, or Netscape Communicator 4.6 — or higher.
The browser must be capable of supporting domestic grade (128-bit key) encryption.
• Account with an Internet Service Provider (ISP) or LAN connection to Internet services
• 28.8 kbps modem and telephone line, if not connected through LAN.
• Super VGA monitor with display resolution of 800x600 with 256 colors.
'Wells Fargo Access Gient Table is located at the IM&C network drive: 1:107421AccesslCHant DatabaseiA ccessdb xis (WeIlsNet tab).
0712001 WeIlsNet Trust Portfolio Set Up Form Page 2 of 2
SERVICE DESCRIPTION
ENHANCED
TRUST REPORTING SERVICE
This Service Description contains specific terms and conditions which govern the
Enhanced Financial Reporting Service (the "Service") to be provided to Customer by
Bank. These terms and conditions supplement the provisions contained in the existing
Commercial Electronic Office (CEO) Online Access Agreement (the "Master
Agreement") between Bank and Customer.
Service Description. The Service will provide Customer with Internet access to
Customer's financial and/or investment performance information for certain
designated trust accounts.
(a) Account information is as of the close of the previous accounting period as
determined by pre -selected accounting cycle.
(b) Historical cash, asset position, and transaction data is available for prior
accounting periods beginning with the date an account is established on this
platform.
(c) Cash, asset and transaction information is provided as of trade date.
(d) When foreign assets are held, cash, asset position, and transaction history
information is available in both base and local currency.
(a) Customer may sort and select information in several combinations to view
online, print, or export various output formats.
2. Access. Access to the Service shall be controlled by means of one or more
authorization codes that Bank shall issue to Customer. Customer shall be solely
responsible for controlling the security and confidentiality of these authorization
codes and shall promptly notify Bank if it becomes aware of the unauthorized
use of the authorization code(s) or suspects that an unauthorized use may
occur. Bank reserves the right to revoke an authorization code at any time in
order to protect the integrity of the Service.
3. Fees. Customer agrees to pay Bank for the Service in accordance with the
schedule of charges attached hereto. Bank may change the schedule of
charges at any time upon thirty (30) days' prior written notice to Customer.
4. Sublicense.
(a) Bank has separately licensed from third parties (the "Licensors") various
securities pricing and characteristics databases (referred to as the
"Securities Pricing and Characteristics Databases") for its use in delivering
the Service. Bank grants to Customer a nonexclusive, nontransferable
sublicense to access the Securities Pricing and Characteristics Databases
solely and exclusively for Customers own use and only in connection with
the Service. Customer agrees that the security pricing information contained
in the Securities Pricing and Characteristics Databases is provided solely for
Customers use in connection with the Service and is not provided for any
other use by Customer, including the sale of such security pricing
information to third parties. The Securities Pricing and Characteristics
Databases shall at all times be the property of the Licensors and nothing in
the Master Agreement or this Service Description shall be deemed a transfer
of or create an ownership interest in the Securities Pricing and
Characteristics Databases.
(b) Bank has the right to terminate this sublicense if Customer:
(i) ceases to be a customer for the Service;
(ii) attempts to further sublicense or transfer the rights granted in this
Service Description to a third party;
(iii) assigns, or attempts to assign, the Master Agreement and this
Service Description or any of its rights hereunder (the word "assign"
to include, without limiting the generality thereof, a transfer of a
majority interest in Customer);
(iv) neglects or fails to perform or observe any of its existing or future
obligations to Bank, whether under the Master Agreement and this
Service Description or otherwise;
(v) makes an assignment for the benefit of creditors, or a receiver,
trustee in bankruptcy or similar officer is appointed to take charge of
all or part of its property; or
(vi) is adjudged bankrupt, and such condition(s) is not remedied within
ten (10) days after written notice thereof has been given by Bank to
Customer.
(c) Upon termination of this sublicense or of any license granted for the use of
the Securities Pricing and Characteristics Databases, all rights of Customer
to use the Securities Pricing and Characteristics Databases and the Service
will cease. Customer shall promptly discontinue its use of the Service and its
access to the Securities Pricing and Characteristics Databases Service and
shall also promptly dispose of any related documentation.
5. Software and Hardware Configurations. Bank will advise Customer of, and
Customer acknowledges the need for, certain software and hardware
configurations in order to access and use the Service. Bank may modify the
software and hardware configurations required to access and use the Service at
any time upon thirty (30) days' prior written notice to Customer. Customer shall
at all times maintain the then -current version of the software and hardware
configurations required by Bank to access and use the Service. Customer shall
obtain all such software and hardware at its own expense. Minimum
configuration includes an account with an Internet Service Provider (ISP) or LAN
connection to Internet services, 28.8 kbps modem and telephone line, and a
standard Internet browser capable of supporting 128 bit encryption.
Customer acknowledges receipt of ENHANCED TRUST REPORTING SERVICE
Description. Upon signing, this Service Description is incorporated into and made part
of the COMMERCIAL ELECTRONIC OFFICE (CEO) ONLINE ACCESS AGREEMENT.
Acknowledged and Accepted By:
("Customer")
By:
Name:
Title:
Date:
Enhanced Trust Reporting Fees
Company:
Fee Amount
Set-up Fee:
Basic Service Fee:
Response to Request For Proposal -
CITY OF FORT COLLINS RFP P-g07 October 12, 2001
The average breakdown of our employees in regard to sex has been consistent over the last
several years, with approximately 60% women and 40% men employed by our firm. Tracking of
our employees' racial/ethnic backgrounds is accomplished at the time of hire and only when this
information is volunteered by the employee. Therefore, we are unable to provide a "true"
representation of the racial and/or ethnic background of our employees. However, from the
statistics that have been volunteered, we have shown approximately 10% employees of varying
racial/ethnic backgrounds.
2. Bank Providers
a. In accordance with the provisions of Colorado State law, Colorado Banking Institutions
must be designated as a public depository by the State of Colorado. Please state the
Provider's status.
Wells Fargo Bank Colorado, a subsidiary of Wells Fargo Corporation, has been designated as a
public depository by the State of Colorado. Wells Fargo Bank Minnesota, another subsidiary of
Wells Fargo Corporation, will be the primary provider of these custodial services. This is due to
a centralized securities control and movement operation housed in Minneapolis. The City's
accounts will be administered by both a Denver based relationship manager and a Minneapolis
based investment manager specialist. We utilize a 1-800 number to mitigate the long distance
impact to customers. In addition, local banking and trust people will assist in the account as the
need arises. We are utilizing this structure for many customers outside of Minnesota and it is
working extremely smooth at this time.
b. The Community Reinvestment Act (CRA) of 1977 stipulates that banks and other financial
institutions must meet the credit needs of the communities they serve. Proposals should
include a copy of the bank's most current CRA policy statement and the current CRA
rating of the institution.
Wells Fargo's most current CRA policy statement is included along with this proposal.
Insthutlonal Trust & Custody Page 5
" ENHANCED TRUST REPORTING
CUSTOMER SET UP FORM
(See page 2 for form instructions)
Submit form via email to Wells Fargo ACCESS
Date Submitted: Desired Effective Date:
1. Type of Request: El ADD ❑ Company ❑ User ❑ Account
❑ DELETE ❑ Company ❑ User ❑ Account
❑ UPDATE ❑ Company ❑ User
2. Company Information: Company Type: CORPORATE
Company ID:
Company Name:
Address:
City:
Contact Name:
State:
Phone:
TIN # (EIN):
Email: Fax: ( )
3. Operator Information: (Complete a separate form for EACH Operator requested)
Operator ID:
Operator Name:
Email:
Zip:
ext.
Access (check all that apply)
Phone: ( ) OAII (Default) or
Fax: ❑Su ❑M ❑T ❑W ❑Th ❑F❑S
4. Reporting: InvestOne (Financial) ❑ Yes ❑ No Xamin (Performance) ❑ Yes ❑ No
5. Accounts: (Please attach a spreadsheet if the account list is greater than 20)
6. Additional Information:
7. Bank Information:
RAU/Cost Center:
Relationship Manager:
Accountant:
Account Administrator:
RM MAC: Accountant MAC: Admin MAC:
RM Phone: ( ) Accountant Phone: ( ) Admin Phone: ( )
RM Fax: ( ) Accountant Fax: ( ) Admin Fax: ( )
ImplementadontEnrollmeMlTrust Use Only
Implementer: Date Received:
TED Case #:
Apollo Implementer:
Package ID:
Apollo User ID:
Date Completed:
Temporary Password:
Apollo Temp Password:
1012001 Enhanced Trust Reporting Set Up Form Page 1 of 2
f ENHANCED TRUST REPORTING
{ CUSTOMER SET Up FORM
(See page 2 for forth instructions)
Submit form via email to Wells Fargo ACCESS
Enhanced Trust Reference Guide
Date Information
• Date Submitted: The date the form was completed (usually today's date)
• Desired Effective Data: Service Level Agreement is 7 business days.
Note: If this is a RUSH request please note this in the Additional Information" section.
Type of Request
• Add: To setup a new company, new operator, or add a new account.
• Delete: To delete a company, operator, or delete an account
• Update: To update an existing company name or operator name.
Company Information
• Company Type:
For all Trust external clients Corporate should be entered.
Note: The following company types are used by Treasury Management only: Financial Institution, Internal and Wells Fargo Subsidiary.
• Company ID:
WeIlsNet Trust Support assigns this 8-character alphanumeric code.
For existing clients, refer to a current copy of the Wells Fargo Access Client Table'.
• MVS ID:
WeIlsNet Trust Support assigns this 14-character alphanumeric code.
For existing clients, refer to a current copy of the Wells Fargo Access Client Table*.
• TIN # (EIN):
Enter the clients Tax Identification Number for new dients.
• Company Name:
Enter the name of the company as listed on the CEO Agreement.
• Address:
Enter the companys complete address, dty, state and zip code.
• Contact Name:
Enter the company's primary business contact for the relationship (as well as email, phone and fax).
Operator Information
• Operator ID: WeIlsNet Trust Support assigns this 8-character alphanumeric code.
For existing clients, refer to a current copy of the Wells Fargo Access Client Table'.
• Operator Name: Enter the name of the operator who will receive the sign -on authorization information, including the e-mail,
phone and fax information.
• Access: Indicate the days of the week the operator will have access to CEOIWellsNet. The default is Sunday through
Saturday, 24 hours a day.
Reporting (check yes or no for each of these boxes)
• Invest One: To request authorization for the Invest One (statement) reporting, check the Invest One `yes" box.
• Xamin: To request authorization for the Xamin (performance) reporting, check the Xamin "yes" box.
Accounts: For new clients, identify the account numbers for which the client will be receiving information. (A list of
account numbers can also be attached.)
For existing clients, list only the accounts being added or deleted.
Additional Information: Enter any comments you would like to make regarding this request
Bank Information
• RAU/ Cost Center: Enter the RAU or six -character Cost Center (i.e. MN0999) responsible for the dient Set up and ongoing
support costs will be billed to this RAU 1 Cost Center.
• Relationship Manager: Enter the Wells Fargo Relationship / Account Manager responsible for this dient (as well as MAC, phone, fax).
• Accountant: Enter the Wells Fargo Accountant responsible for this dient (as well as MAC, phone, fax).
• Account Administrator: Enter the Wells Fargo Account Administrator responsible for this client (as well as MAC, phone, fax).
*Wells Fargo Access Client Table is located at the IM&C network drive: 1:107421AccesslCllent DetabaselAccesadbxls.
1012001 Enhanced Trust Reporting Set Up Form page 2 2
Institutional Trust & Custody
Sample Report
Trust 3000
;,yoptions
MInstitutional Trust & Custody
MASTER TRUST CUSTODY SERVICE, FINANCIAL REPORTING OPTIONS
1 Master Trust Customer Standard Cover
11 Table of Contents
27 Asset Summary Major Investment Category
Major Asset Categories Cost Value
Market Value
% Total Market
Unrealized Gain/ Loss
Estimated Annual Income
Current Yield
Accrued Income
41 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major Asset Category Cost Value/ Unit Cost
Market Value/ Unit Price
% Total Market
Unrealized Gain/ Loss
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Dale
Accrued Interest
Due to/ From Broker
Month End Market Value
70 Statement of Transactions - Chrono P & I
Transaction Date
Par Value/ Shares
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
Page 1 of 22
SO, SP - Custody Standard
MASTER TRUST CUSTODY SERVICES -- FINANCIAL REPORTING OPTIONS
I
1 Master Trust Customer Standard Cover
11 Table of Contents
25 Asset Summary Cost Value
Major/ Minor Asset Category Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities
Par Value/Shares
Individual Assets by Major/ Minor Asset Category
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
70 Statement of Transactions - Chrono P & I
Transaction Date
Par Value/ Shares
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
Page 2 of 22
MASTER TRUST CUSTODY SERVICES INANCIAL REPORTING OPTIONS
SE, SO - Custody Security Order
1 Master Trust Customer Standard Cover
11 Table of Contents
27 Asset Summary Major Investment Category
Major Asset Categories Cost Value
Market Value
% Total Market
Unrealized Gain/ Loss
Estimated Annual Income
Current Yield
Accrued Income
41 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major Asset Category Cost Value/ Unit Cost
Markel Value/ Unit Price
% Total Market
Unrealized Gain/ Loss
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
73 Statement of Transactions - Security Sort
Transaction Date
Par Value/ Shares
Transaction Description
Cash
Cost Value
Realized Gain/ Loss
Page 3 of 22
MASTER TRUST CUSTODY SERVICEa FINANCIAL REPORTING OPTIONS
SF, SR - Custody Tax Lots
1 Master Trust Customer Standard Cover
11 Table of Contents
27 Asset Summary
Major Investment Category
Major Asset Categories
Cost Value
Market Value
%Total Market
Unrealized Gain/ Loss
Estimated Annual Income
Current Yield
Accrued Income
40 Statement of Assets and Liabilities - Tax Lots
Par Value/Shares/ Original Face
Individual Assets by Major Asset Category
Date Acquired
Registration
Location
Cost Value
Market Value
Unrealized Gain/ Loss
Restriction Description
51 Cash Summary P & I
- Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Dale
Accrued Interest
Due to/ From Broker
Month End Market Value
65 Cash Management Transaction Journal
Transaction Date
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
70 Statement of Transactions - Chrono P & I
Transaction Date
Par Value/ Shares
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
Page 4 of 22
MASTER TRUST CUSTODY SERVICES - FINANCIAL REPORTING OPTIONS
SG, SS - Master Trust Categorized
1 Master Trust Customer Standard Cover
11 Table of Contents
25 Asset Summary
Major/ Minor Asset Category
36 Statement of Assets and Liabilities
Individual Assets by Major/ Minor Asset Category
51 Cash Summary P 81
Receipt and Disbursement Transaction Categories by
Principal and Income Cash
61 Pending Trades
Individual Pending Trades Broken down by Purchases and
Sales at the end of the period
65 Cash Management Transaction Journal
72 Categorized Statement of Transactions
Transactions Categorized by Transaction Type
Cost Value
Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
Par Value/Shares
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
Transaction Type Description
Principal Cash
Income Cash
Par Value/ Shares
Trade Date
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
Transaction Dale
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
Transaction Date
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
Page 5 of 22
MASTER TRUST CUSTODY SERVICES - -FINANCIAL REPORTING OPTIONS
I
SH, ST -Master Trust Standard
1 Master Trust Customer Standard Cover
11 Table of Contents
29 Asset Summary -
Investment Category
Major/ Minor Asset Category Breakdown
Cost Value
Market Value
% Total Market
Unrealized Gain/ Loss
Estimated Annual Income
Current Yield
Accrued Income
43 Statement of Assets and Liabilities
Par Value/Shares
Individual Asset Accruals by Major/ Minor Asset Category
Cost Value/ Unit Cost
Market Value/ Unit Price
% Total Market
Unrealized Gain/ Loss
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
65 Cash Management Transaction Journal
Transaction Date
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
70 Statement of Transactions - Chrono P & I
Transaction Date
Par Value/ Shares
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
Page 6 of 22
MASTER TRUST CUSTODY SERVICES --FINANCIAL REPORTING OPTIONS
CJ, C W - Custody Standard -
Consolidated 1 Master Trust Customer Standard Cover
11 Table of Contents
25 Asset Summary Cost Value
Major/ Minor Asset Category Market Value
% of Account Markel Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities
Par Value/Shares
Individual Assets by Major/ Minor Asset Category
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
70 Statement of Transactions - Chrono P & I
Transaction Date
Par Value/ Shares
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
64 Consolidated (account) Report
Account Number
Account Name
Cost Value
Market Value
Page 7 of 22
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 72,2001
3. Insurance Requirements
Provider must have either insurance or collateral for City funds. State what insurance is
available for City funds or whether collateral is available for funds in transit.
Insurance Coverage
Wells Fargo & Company maintains the following insurance coverages on behalf of its
subsidiaries for liability arising out of its Institutional Trust & Custody:
Financial Institutions Bond
Insurer: Superior Guaranty Insurance Company (reinsured by Lloyds of London, National
Union Fire Insurance Company of Pittsburgh, PA, and Federal Insurance
Company)
Policy Period: November 2, 1998 —April 1, 2003
Limits: $50,000,000 per occurrence/aggregate
Deductible: $5,000,000
Coverage: The Financial Institutions Bond includes coverage for direct financial loss caused
by or resulting from: Employee dishonesty; On premises, burglary, robbery, etc;
In transit, burglary, robbery, damage, etc; Forgery and unauthorized signatures;
Counterfeit currency; Counterfeit credit cards; Electronic and computer crime;
wire transfer, mortgage servicing contractors; fraudulent real property mortgages;
all risk safe depository; transit cash letter; stop payment legal liability;
counterfeit travelers checks; ATM — loss of cash; check kiting; non-negotiable in
transit via carrier for hire or registered mail; mail and transit coverage for
negotiable/currency.
Professional Liabilitv
Insurer: Superior Guaranty Insurance Company (reinsured by Lloyds of London, National
Union Fire Insurance Company of Pittsburgh, PA, and Federal Insurance
Company)
Policy Period: November 2, 1998 —April 1, 2003
Limits: $10,000,000 per occurrence/aggregate
Deductible: $5,000,000
Coverage: Legal liability for damages caused by errors and omissions of employees.
This document does not include a description of all the insurance coverages maintained by Wells
Fargo & Company, but only the coverages that are of interest to the clients of Institutional Trust
& Custody. Additional information will be provided upon request.
Institutional Trust & Custody Page 6
MASTER TRUST CUSTODY SERVICES FINANCIAL REPORTING OPTIONS
CK, CX - Custody Security Order -
Consolidated 1 Master Trust Customer Standard Cover
11 Table of Contents
27 Asset Summary Major Investment Category
Major Asset Categories Cost Value
Market Value
% Total Market
Unrealized Gain/ Loss
Estimated Annual Income
Current Yield
Accrued Income
41 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major Asset Category Cost Value/ Unit Cost
Market Value/ Unit Price
% Total Market
Unrealized Gain/ Loss
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
73 Statement of Transactions - Security Sort
Transaction Dale
Par Value/ Shares
Transaction Description
Cash
Cost Value
Realized Gain/ Loss
84 Consolidated (account) Report
Account Number
Account Name
Cost Value
Market Value
Page 8 of 22
MASTER TRUST CUSTODY SERVICE,,, FINANCIAL REPORTING OPTIONS
CL, CY- Master Trust- Categorized -
Consolidated 1 Master Trust Customer Standard Cover
11 Table of Contents
25 Asset Summary
Major/ Minor Asset Category
36 Statement of Assets and Liabilities
Individual Assets by Major/ Minor Asset Category
51 Cash Summary P S I
Receipt and Disbursement Transaction Categories by
Principal and Income Cash
61 Pending Trades
Individual Pending Trades Broken down by Purchases and
Sales at the end of the period
65 Cash Management Transaction Journal
72 Categorized Statement of Transactions
Transactions Categorized by Transaction Type
84 Consolidated (account) Report
Cost Value
Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
Par Value/Shares
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
Transaction Type Description
Principal Cash
Income Cash
Par Value/ Shares
Trade Date
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
Transaction Date
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
Transaction Date
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
Account Number
Account Name
Cost Value
Market Value
Page 9 of 22
MASTER TRUST CUSTODY SERVICE— FINANCIAL REPORTING OPTIONS
CM, CZ - Master Trust Standard -
Consolidated 1 Master Trust Customer Standard Cover
11 Table of. Contents
29 Asset Summary
Investment Category
Major/ Minor Asset Category Breakdown
Cost Value
Market Value
% Total Market
Unrealized Gain/ Loss
Estimated Annual Income
Current Yield
Accrued Income
43 Statement of Assets and Liabilities
Par Value/Shares
Individual Asset Accruals by Major/ Minor Asset Category
Cost Value/ Unit Cost
Markel Value/ Unit Price
% Total Market
Unrealized Gain/ Loss
Accrued Income
51 Cash Summary P & I
Transaction Type Description
Receipt and Disbursement Transaction Categories by
Principal Cash
Principal and Income Cash
Income Cash
61 Pending Trades
Par Value/ Shares
Individual Pending Trades Broken down by Purchases and
Trade Date
Sales at the end of the period
Settle Date
Accrued Interest
Due to/ From Broker
Month End Markel Value
65 Cash Management Transaction Journal
Transaction Date
Par Value/ Shares
Transaction Description
Principal Cash
Income Cash
70 Statement of Transactions - Chrono P & I
Transaction Date
Par Value/ Shares
Principal Cash
Income Cash
Cost Value
Realized Gain/ Loss
84 Consolidated (account) Report
Account Number
Account Name
Cost Value
Market Value
Page 10 of 22
MASTER TRUST CUSTODY SERVICE) FINANCIAL REPORTING OPTIONS
PE, PN - EB Interim Statement
4 EB Standard Cover Page
11 Table of Contents
23 Equity Diversification Schedule
Industry Code
Cost Value
% of Total Cost
Market Value
% of Total Market
25 Asset Summary
Cost Value
Major/ Minor Asset Category
Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities
Par Value/Shares
Individual Assets by Major/ Minor Asset Category
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
37 Statement of Accruals
Accrual Amount
Individual Asset Accruals by Major/ Minor Asset Category
Ex -Dividend Date
Record Date
Payable Date
Current Rate
52 Summary of Transactions PV
Transaction Type Description
Transaction Summary by Transaction Type
Cash Amount
Cost Value
Market Value
53 Schedule of Broker Commissions
Broker Name
Summary of Equity and Other Commissions by Broker
Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
68 Statement of Transactions EB
Transaction Date
Transactions Categorized by Transaction Type
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Page 11 of 22
MASTER TRUST CUSTODY SERVICES -- FINANCIAL REPORTING OPTIONS
PF, PP - EB Interim with Pending Trades �
4 EB Standard Cover Page
11 Table of Contents
23 Equity Diversification Schedule
25 Asset Summary
Major/ Minor Asset Category
36 Statement of Assets and Liabilities
Individual Assets by Major/ Minor Asset Category
37 Statement of Accruals
Individual Asset Accruals by Major/ Minor Asset Category
52 Summary of Transactions PV
Transaction Summary by Transaction Type
53 Schedule of Broker Commissions
Summary of Equity and Other Commissions by Broker
61 Pending Trades
Individual Pending Trades Broken down by Purchases and
Sales at the end of the period
68 Statement of Transactions EB
Transactions Categorized by Transaction Type
Industry Code
Cost Value
% of Total Cost
Markel Value
% of Total Market
Cost Value
Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
Par Value/Shares
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued income
Accrual Amount
Ex -Dividend Date
Record Date
Payable Date
Current Rate
Transaction Type Description
Cash Amount
Cost Value
Market Value
Broker Name
Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
Par Value/ Shares
Trade Date
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
Transaction Date
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Page 12 of 22
MASTER TRUST CUSTODY SERVICES --FINANCIAL REPORTING OPTIONS
PG, PQ - EB Annual Statement
5 EB Certified Cover Page
11 Table of Contents
23 Equity Diversification Schedule Industry Code
Cost Value
of Total Cost
Market Value
% of Total Market
25 Asset Summary Cost Value
Major/ Minor Asset Category Market Value
% of Account Markel Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major/ Minor Asset Category Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/Total
Estimated Annual Income
Current Yield
Accrued Income
37 Statement of Accruals Accrual Amount
Individual Asset Accruals by Major/ Minor Asset Category Ex -Dividend Date
Record Date
Payable Date
Current Rate
52 Summary of Transactions PV Transaction Type Description
Transaction Summary by Transaction Type Cash Amount
Cost Value
Market Value
53 Schedule of Broker Commissions Broker Name
Summary of Equity and Other Commissions by Broker Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
Page 13 of 22
MASTER TRUST CUSTODY SERVICES -- FINANCIAL REPORTING OPTIONS
I
68 Statement of Transactions EB
Transactions Categorized by Transaction Type
83 5500 5% Reporting
85 Trust 3000 Standard 6600 Detail Report
86 Trust 3000 5500 Summary Report (Tax Info)
Transaction Date
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Trade Date
Shares/ PV
Purchase/ Sale Price
Transaction Expense
Purchase/ Sale Proceeds
Adjusted Historical Cost
Beginning Market
Ending Market
Unrealized Gain/ Loss
Purchase Cost
Ending Market
Unreal Gain/ Loss
Total Value
Aggregate Market
Total Unreal
Net Gain (Loss) on Sale of Assets
Unrealized Appreciation (Depreciation) of Assets
Net Investment Gain (Loss) from Common/ Collective Trusts
Net Investment Gain (Loss) from Pooled Separate Accounts
Net Investment Gain (Loss) from Master Trusts
Net Investment Gain (Loss) from 103-12 Investment Entities
Net Investment Gain (Loss) from Registered Investment Companies
Page 14 of 22
MASTER TRUST CUSTODY SERVICES —FINANCIAL REPORTING OPTIONS
PH, PR - EB Annual with Pending Trades �
5 EB Certified Cover Page
11 Table of Contents
23 Equity Diversification Schedule Industry Code
Cost Value
% of Total Cost
Market Value
% of Total Market
25 Asset Summary Cost Value
Major/ Minor Asset Category Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major/ Minor Asset Category Cost Value/ Unit Cost
Markel Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
37 Statement of Accruals Accrual Amount
Individual Asset Accruals by Major/ Minor Asset Category Ex -Dividend Date
Record Date
Payable Date
Current Rate
52 Summary of Transactions PV Transaction Type Description
Transaction Summary by Transaction Type Cash Amount
Cost Value
Market Value
53 Schedule of Broker Commissions Broker Name
Summary of Equity and Other Commissions by Broker Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
Page 15 of 22
MASTER TRUST CUSTODY SERVICE. =INANCIAL REPORTING OPTIONS
61 Pending Trades
Individual Pending Trades Broken down by Purchases and
Sales of the end of the period
68 Statement of Transactions EB
Transactions Categorized by Transaction Type
83 5500 5% Reporting
85 Trust 3000 Standard 5500 Detail Report
86 Trust 3000 5500 Summary Report (Tax Info)
Par Value/ Shares
Trade Date
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
Transaction Date
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Trade Date
Shares/ PV
Purchase/ Sale Price
Transaction Expense
Purchase/ Sale Proceeds
Adjusted Historical Cost
Beginning Market
Ending Market
Unrealized Gain/ Loss
Purchase Cost
Ending Market
Unreal Gain/ Loss
Total Value
Aggregate Market
Total Unreal
Net Gain (Loss) on Sale of Assets
Unrealized Appreciation (Depreciation) of Assets
Net Investment Gain (Loss) from Common/ Collective Trusts
Net Investment Gain (Loss) from Pooled Separate Accounts
Net Investment Gain (Loss) from Master Trusts
Net Investment Gain (Loss) from 103-12 Investment Entities
Net Investment Gain (Loss) from Registered Investment Companies
Page 16 of 22
MASTER TRUST CUSTODY SERVICE- INANCIAL REPORTING OPTIONS
CE, CS - EB interim Consolidated
4 EB Standard Cover Page
11 Table of Contents
23 Equity Diversification Schedule
Industry Code
Cost Value
% of Total Cost
Market Value
% of Total Market
25 Asset Summary
Cost Value
Major/ Minor Asset Category
Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities
Par Value/Shares
Individual Assets by Major/ Minor Asset Category
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
37 Statement of Accruals
Accrual Amount
Individual Asset Accruals by Major/ Minor Asset Category
Ex -Dividend Date
Record Date
Payable Date
Current Rate
52 Summary of Transactions PV
Transaction Type Description
Transaction Summary by Transaction Type
Cash Amount
Cost Value
Market Value
53 Schedule of Broker Commissions
Broker Name
Summary of Equity and Other Commissions by Broker
Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
68 Statement of Transactions EB
Transaction Date
Transactions Categorized by Transaction Type
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
84 Consolidated (account) Report
Account Number
Account Name
Cost Value
Market Value
Page 17 of 22
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 11.1001
4. Ability to Handle All Security Transaction Types
a. Provider must be able to handle the following types of security transactions through their
own operations or through an established correspondent banking relationship. Please
respond to each and state whether each operates on a same day posting and crediting basis
for all credit transactions.
Fed Wireable Security Transfer (FedWire)
Depository Trust Corporation (DTC)
Participatory Trust Corporation (PTC)
Physical Security Settlement (New York)
List your depository memberships (FRB, DTC, PTC) and the services you use at each. How
long have you had this membership. Is membership through the Provider or
correspondent? Fully describe the use of any subcustodians.
Wells Fargo is a direct member of all the domestic security depositories and whenever feasible,
assets are held in our direct depository accounts for maximum security, effectiveness in
settlements, income collection and reorganization processes. SEI, our securities processing
system, denotes the location of each asset by a specific registration code and location code tied
to each depository account The determination of where an asset is held is based on its
eligibility and the account set-up instructions.
Wells Fargo settles over 2.2 million trades per year, and handles virtually every type of security
created by the ever -changing capital markets. Wells Fargo is one of the nation's largest bank
processors of security settlements, with an affirmation rate of 99% versus the industry standard.
All transactions are posted same day to the customers account when settled and all funds are
available for the customers use on the same day activity is posted to the account.
Wells Fargo utilizes the following depositories:
➢ Depository Trust Company (DTC): Wells Fargo is a founding member of DTC. We have
been an active member in the Bank Depository User Group (BDUG) since its inception in
1975. BDUG is an industry group that provides feedback to DTC on performance, system
enhancements, and proposed industry changes.
We process an average of 74,000 trades per month. Our expertise in execution and systems
utilization results in an affirmation rate of 99%. More than 70% of trades are affirmed
through DTC's Institutional Delivery System (ID).
We utilize a report printed from DTC's computer -to -computer interface at the end of every
day to reconcile trade settlement activity. The report displays all purchases and sales that
settled during the day and provides us with an efficient method of identifying failed trades.
Settlement notification from DTC is received throughout the day and in an end -of -day
summary report. On-line access and daily real-time reports from DTC's system are used to
reconcile both settled and failed trades.
➢ Federal Reserve Bank. Wells Fargo is a direct member of the Federal Reserve Bank System
since the inception of the FRB. We currently process in excess of 8,000 trades on a monthly
basis from the Minneapolis district alone. For those securities eligible only at the New York
Federal Reserve, Wells Fargo employs Deutsche Bank's Federal Reserve relationship.
Institutional Trust & Custody Page 7
MASTER TRUST CUSTODY SERVICE-'
INANCIAL REPORTING OPTIONS
CF, CT - EB Interim with Pending Trades'- �
Consolidated 4 EB Standard Cover Page
11 Table of Contents
23 Equity Diversification Schedule
25 Asset Summary
Major/ Minor Asset Category
36 Statement of Assets and Liabilities
Individual Assets by Major/ Minor Asset Category
37 Statement of Accruals
Individual Asset Accruals by Major/ Minor Asset Category
52 Summary of Transactions PV
Transaction Summary by Transaction Type
53 Schedule of Broker Commissions
Summary of Equity and Other Commissions by Broker
61 Pending Trades
Individual Pending Trades Broken down by Purchases and
Sales at the end of the period
68 Statement of Transactions EB
Transactions Categorized by Transaction Type
84 Consolidated (account) Report
Industry Code
Cost Value
% of Total Cost
Market Value
% of Total Market
Cost Value
Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
Par Value/Shares
Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
Accrual Amount
Ex -Dividend Date
Record Date
Payable Date
Current Rate
Transaction Type Description
Cash Amount
Cost Value
Market Value
Broker Name
Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
Par Value/ Shares
Trade Date
Settle Date
Accrued Interest
Due tol From Broker
Month End Market Value
Transaction Date
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Account Number
Account Name
Cost Value
Market Value
Page 18 of 22
MASTER TRUST CUSTODY SERVICES --FINANCIAL REPORTING OPTIONS
CG, CU - EB Annual Consolidated
5 EB Certified Cover Page
11 Table of Contents
23 Equity Diversification Schedule Industry Code
Cost Value
% of Total Cost
Market Value
% of Total Market
25 Asset Summary Cost Value
Major/ Minor Asset Category Markel Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major/ Minor Asset Category Cost Value/ Unit Cost
Market Value/ Unit Price
% of Category/ Total
Estimated Annual Income
Current Yield
Accrued Income
37 Statement of Accruals Accrual Amount
Individual Asset Accruals by Major/ Minor Asset Category Ex -Dividend Date
Record Dale
Payable Date
Current Rate
52 Summary of Transactions PV Transaction Type Description
Transaction Summary by Transaction Type Cash Amount
Cost Value
Market Value
53 Schedule of Broker Commissions Broker Name
Summary of Equity and Other Commissions by Broker Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
Page 19 of 22
MASTER TRUST CUSTODY SERVICES -- FINANCIAL REPORTING OPTIONS
i
68 Statement of Transactions EB
Transactions Categorized by Transaction Type
83 5500 5% Reporting
84 Consolidated (account) Report
85 Trust 3000 Standard 5500 Detail Report
86 Trust.3000 5500 Summary Report (Tax Info)
Transaction Date
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Trade Dale
Shares/ PV
Purchase/ Sale Price
Transaction Expense
Purchase/ Sale Proceeds
Adjusted Historical Cost
Account Number
Account Name
Cost Value
Market Value
Beginning Market
Ending Market
Unrealized Gain/ Loss
Purchase Cost
Ending Market
Unreal Gain/ Loss
Total Value
Aggregate Market
Total Unreal
Net Gain (Loss) on Sale of Assets
Unrealized Appreciation (Depreciation) of Assets
Net Investment Gain (Loss) from Common/ Collective Trusts
Net Investment Gain (Loss) from Pooled Separate Accounts
Net Investment Gain (Loss) from Master Trusts
Net Investment Gain (Loss) from 103-12 Investment Entities
Net Investment Gain (Loss) from Registered Investment Companies
Page 20 of 22
MASTER TRUST CUSTODY SERVICES -- FINANCIAL REPORTING OPTIONS
CH, CV- EB Annual with Pending Trades -
Consolidated 5 EB Certified Cover Page
11 Table of Contents
23 Equity Diversification Schedule Industry Code
Cost Value
% of Total Cost
Market Value
% of Total Market
25 Asset Summary Cost Value
Major/ Minor Asset Category Market Value
% of Account Market Value
Estimated Annual Income
Current Yield
Accrued Income
36 Statement of Assets and Liabilities Par Value/Shares
Individual Assets by Major/ Minor Asset Category Cost Value/ Unit Cost
Market Value/ Unit Price
% of Categoryl Total
Estimated Annual Income
Current Yield
Accrued Income
37 Statement of Accruals Accrual Amount
Individual Asset Accruals by Major/ Minor Asset Category Ex -Dividend Date
Record Dale
Payable Date
Current Rate
52 Summary of Transactions PV Transaction Type Description
Transaction Summary by Transaction Type Cash Amount
Cost Value
Market Value
53 Schedule of Broker Commissions Broker Name
Summary of Equity and Other Commissions by Broker Par Value/ Shares
Commission Amount
Total Transaction Amount
% of Commission to Transaction Amount
Commission/ Share in Cents
Page 21 of 22
MASTER TRUST CUSTODY SERVICES -- FINANCIAL REPORTING OPTIONS
61 Pending Traides
Individual Pending Trades Broken down by Purchases and
Sales at the end of the period
68 Statement of Transactions EB
Transactions Categorized by Transaction Type
83 5500 5 % Reporting
84 Consolidated (account) Report
85 Trust 3000 Standard 5500 Detail Report
86 Trust 3000 5500 Summary Report (Tax Info)
Par Value/ Shares
Trade Date
Settle Date
Accrued Interest
Due to/ From Broker
Month End Market Value
Transaction Date
Par Value/ Shares
Asset Description
Transaction Description
Cash Amount
Cost Value
Realized Gain/ Loss
Trade Date
Shares/ PV
Purchase/ Sale Price
Transaction Expense
Purchase/ Sale Proceeds
Adjusted Historical Cost
Account Number
Account Name
Cost Value
Market Value
Beginning Market
Ending Market
Unrealized Gain/ Loss
Purchase Cost
Ending Market
Unreal Gain/ Loss
Total Value
Aggregate Markel
Total Unreal
Net Gain (Loss) on Sale of Assets
Unrealized Appreciation (Depreciation) of Assets
Net Investment Gain (Loss) from Common/ Collective Trusts
Net Investment Gain (Loss) from Pooled Separate Accounts
Net Investment Gain (Loss) from Master Trusts
Net Investment Gain (Loss) from 103-12 Investment Entities
Net Investment Gain (Loss) from Registered Investment Companies
Page 22 of 22
PAGE
CONSOLIDATED ACCOUNT REPORT __. .._
FOR THE PERIOD MAY 1, 2000 THROUGH MAY 31, 2000 ACCOUNT NUMBER 00088100
CONSOLIDATED ACCOUNT REPORT
ACCOUNT NUMBER ACCOUNT NAME COST VALUE MARKET VALUE
12407800 $ 4,375,123.01 $ 5,861,611.36
MANAGED ACCOUNT
13276800 $ 3,635,393.83 $ 4,521,122.03
MUTUAL FUNDS
00088100 CONSOLIDATED ACCOUNT TOTAL $ 8,010,516.84 $ 10,382,733.39
OF CONTENTS
0
REPORT RAKE
CONSOLIDATED ACCOUNT REPORT
PAGE
NUMBER'
ASSETSUMMARY.................................................................................. 2
STATEMENT OF ASSETS AND LIABILITIES............................................................ 3
CASHSUMMARY................................................................................... 11
STATEMENT OF TRANSACTIONS...................................................................... 12
CASH MANAGEMENT TRANSACTION JOURNAL............................................................ 20
TRS260MIJ" 254021
No Text
NORWEST BANK MINNESOTA, N.A.
MASTER TRUST & CUSTODY SERVICES
801 NICOLLET MALL, SUITE 700
MINNEAPOLIS, MN SS479
CONSOLIDATED STATEMENT
ACCOUNT NUMBER 00088100
MONTHLY STATEMENT
MAY 1, 2000 THROUGH MAY 31, 2000
ACCOUNT MANAGER:
TELEPHONE NUMBER:
MASTER TRUST
MAC H9310-060
XXXXX INTERNAL DELIVERY XXXXX
15300 CL/(,((
PAGE 2
ASSET SUMMARY
AS OF MAY 31, 2000 ACCOUNT NUMBER 00088100
ASSET SUMMARY
% TOTAL ESTIMATED CURRENT
INVESTMENT CATEGORY COST VALUE MARKET VALUE MARKET ANNUAL INCOME YIELD ACCRUED INCOME
CASH
PRINCIPAL CASH
INCOME CASH
TOTAL CASH
CASH EQUIVALENTS
MONEY MARKET FUNDS/CASH SWEEPS
TOTAL CASH EQUIVALENTS
FIXED INCOME SECURITIES
US GOVT AND AGENCY OBLIGATIONS
CORPORATE OBLIGATIONS
TOTAL FIXED INCOME SECURITIES
EQUITIES
COMMON EQUITIES
OTHER EQUITIES
TOTAL EQUITIES
3,213.97
3,213.97
0.03
3,213.97-
3,213.97-
0.03-
--D-. O0
202,784.42
202,784.42
.
1.95
12,262
6.05
-6-.05
202,784.4-7
943,389.72
920,921.50
8.87
61,593
6.69
1,038,770.00
980,389.00
9.44
-T8 3T
74,400
7.59
TT5
5,725,318.53
8,074,778.59
77.77
54,484
0.67
100,253.17
203,858.88
1.96
-79-73 -------
2,102
1.03
-T.768
3U-,W
arm: -1
13,062.52
15,608.06
�67�5-8
2,347.42
0.00
REAL ESTATE/MINERAL INTERESTS 1.00 1.00 0.00 0 0.00 0.00
TOTAL INVESTMENTS 8,010,516.84 10,382,733.39 100.00 204,841 1.97 31,934.69
TOTAL ACCRUALS 31,934.69 31,934.69
TOTAL INVESTMENTS AND ACCRUALS 8,042,451.53 10,414,668.08 100.00
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 11,1001
Federal Reserve purchases and sales are reconciled on a same -day basis. Utilizing an on-line
interface with the Federal Reserve Bank we are able to monitor settlements throughout the
day. Trade and settlement information is exchanged on-line, with an automated daily
reconciliation performed on an aggregate account basis to match positions.
➢ Participants Trust Company (PTC): Wells Fargo has been a direct member of the
Participants Trust Company since 1995. PTC's automated system transmits settlement
confirmations for all eligible transactions. Paydowns and paydown information are also
administered to us directly through this system. We process more than 300 trades per month.
Wells Fargo utilizes system -produced daily reports and depository settlement reconciliation
reports to monitor the settlement process and to identify failed trades. Settlement notification
from PTC is received throughout the day and in an end -of -day summary report. On-line
access and daily real-time reports from PTC's system are used to reconcile both settled and
failed physical trades.
➢ Physical Securities: Wells Fargo provides all services associated with physical securities,
such as re -registrations, transfers, deposits, and withdrawals. Wells Fargo automatically re-
registers physically -held securities to book -entry form if they become depository eligible.
Our trust system maintains a record of each security which provides location, form of
registration, and other pertinent information.
Wells Fargo has utilized Deutsche Bank (formerly Bankers Trust) since 1989 for physical and
same -day physical trade settlements. To settle these trades efficiently, we have developed an
integrated network that provides real-time activity within our account. Additionally, we can
hold securities in our vault at Wells Fargo. We have a Class I vault and maintain dual control
at all times to ensure the safety of assets.
If the securities are held at a depository, we use our direct accounts at DTC, the Federal
Reserve Bank, or PTC. Otherwise, Wells Fargo holds the following types of certificate
securities at Deutsche Bank:
♦ Commercial Paper
♦ Interest -Bearing Notes
♦ Certificates of Deposit
♦ Bankers Acceptance Notes
♦ CMOs
♦ Medium -Term Notes
♦ Repo collateral when backed by CPNs, BAs, IBNs, and CDs
b. If any of these transactions are to occur through correspondent or subcustodian
relationships, those relationships should be fully disclosed including the length of the
relationships.
Wells Fargo has utilized Deutsche Bank (formerly Bankers Trust) since 1989 for physical and
same -day physical trade settlements. To settle these trades efficiently, we have developed an
integrated network that provides real-time activity within our account. Additionally, we can hold
securities in our vault at Wells Fargo. We have a Class I vault and maintain dual control at all
times to ensure the safety of assets.
Institutional Dust & Custody Page 8
i
STATEMENT OF ASSETS AND LIABILITIES
AS OF MAY 31, 2000 ACCOUNT NUMBER 00088100
STATEMENT OF ASSETS AND LIABILITIES
PRINCIPAL CASH
% OF ESTIMATED
VALUE CATEGORY ANNUAL INCOME/
3,213.97 3,213.97 0.00
0.03
INCOME CASH 3,213.97- 3,213.97- 0.00
0.03-
TOTAL CASH 0.00 0.00 100.00
0.00
CASH EQUIVALENTS
MONEY MARKET FUNDS/CASH SWEEPS
202,784.42 WELLS FARGO CASH INVESTMENT
MONEY MARKET SVC CLASS
PAGE 3
202,784.42 202,784.42 100.00 12,262 916.69
1.000 1.000 1.95 6.05
TOTAL MONEY MARKET FUNDS/CASH SWEEPS TOO7.06 �� b�
1.95 6.05
TOTAL CASH EQUIVALENTS 202,784.42 202,784.42 100.00 12,262 916.69
1.95 6.05
US GOUT AND AGENCY OBLIGATIONS
150,000 FED FARM CREDIT BK MED TERM NOTE
145,829.85
141,163.50
15.33
8,955 11990.00
DTD 03/11/98
97.220
94.109
1.36
6.34
5.9700 03/11/2005
CUSIP 3133IRRQO
100,000 FED HOME LN BK
99,326.00
88,406.00
9.60
5,800 982.78
DTD 03/30/99 5.800 03/30/2009
99.326
88.406
0.85
6.56
CUSIP 3133MBBM5
200,000 FED HOME LN BK
198,032.50
192,500.00
20.90
12,250 3,606.94
DTD 07/13/99 6.125 08/15/2003
99.016
96.250
1.85
6.36
CUSIP 3133M9FA5
Y
OF ASSETS AND LIABILITIES
3_i2000
STATEMENT OF ASSETS AND LIABILITIES
% OF EST IMP
'COST VALUE MARKET VALUE CATEGORY ANNUAL I
100,000
FED HOME LN MTG CORP
DTD 09/19/91
7.900 09/19/2001
CUSIP 313400NN9
50,000
U S TREASURY NOTES DTD
02/15/94
5.8750 02/15/2004
CUSIP 9128271,181
100,000
U S TREASURY NOTES DTD
02/15/96
5.6250 02/15/2006
CUSIP 912827W81
100,000
U S TREASURY NOTES DTD
02/15/97
6.2500 02/15/2007
CUSIP 9128272JO
50,000
U S TREASURY NOTES DTD
05/15/91
8.0000 05/15/2001
CUSIP 912827A85
100,000
U S TREASURY NOTES DTD
11/15/94
7.8750 11/15/2004
CUSIP 9128271187
TOTAL US GOVT
AND AGENCY OBLIGATIONS
CORPORATE OBLIGATIONS
100,000
AMOCO CO DTD 10/14/97
6.2500 10/15/2004
CUSIP 031904AQ8
200,000
ASSOCIATES CORP NORTH
AMER DTD
10/15/95
6.3750 10/15/2002
CUSIP 046003FKO
PAGE 4
109,093.75
100,641.00
10.93
7,900
1,580.00
109.094
100.641
0.97
7.85
48,109.37
48,789.00
5.30
2,938
863.50
96.219
97.578
0.47
6.02
94,218.75
95,625.00
10.38
5,625
1,653.50
94.219
95.625
0.92
5.88
99,092.00
98,578.00
10.70
6,250
1,837.23
99.092
98.578
0.95
6.34
49,718.75
50,547.00
5.49
4,000
184.78
99.438
101.094
0.49
7.91
99,968.75
104,672.00
11.37
7,875
363.79
99.969
104.672
1.01
7.52
57
o
Tb0 66
8.87
i3
6.69
100,571.00
95,589.00
9.75
6,250
798.61
100.571
95.589
0.92
6.54
205,728.00
194,154.00
19.80
12,750
1,629.17
102.864
97.077
1.87
6.57
IRS me" UN-1s,021
M1
PAGE 5
STATEMENT OF ASSETS AND LIABILITIES
AS OF MAY_31, 2000 ACCOUNT NUMBER 00088100
STATEMENT OF ASSETS AND LIABILITIES
% OF
ESTIMATED
COST VALUE
MARKET VALUE CATEGORY
ANNUAL INCOME/
PAR VALUE/SHARES
DESCRIPTION
/ UNIT COST
/ UNIT PRICE /
TOTAL
CURRENT YIELD
ACCRUED INCOME
100,000
ATLANTIC RICHFIELD CO DEB
123,843.00
113,908.00
11.62
10,675
4,108.33
DTD 07/15/85
123.843
113.908
1.10
9.55
10.8750 07/15/2005
CUSIP 048825AN3
100,000
BP AMER INC
100,472.00
100,890.00
10.29
9,375
781.25
DTD 11/01/90
100.472
100.890
0.97
9.29
9.3750 11/01/2000
CUSIP 055625AJ6
200,000
FORD MTR CO DEL DTD 10/02/96
208,569.00
189,204.00
19.30
14,500
2,416.67
7.2500 10/01/2008
104.284
94.602
1.82
7.66
CUSIP 345370BQ2
100,000
GENERAL MLS INC MEDIUM TERM NTS
100,000.00
100,872.00
10.29
91000
1,900.00
TRANCHE # 00017
100.000
100.872
0.97
8.92
DTD 12-12-89
9.0000 12/15/2000
CUSIP 37033LAS5
100,000
INTERNATIONAL BUSINESS MACHS CORP
99,635.00
87,079.00
8.88
5,500
2,077.78
MED TERM NOTE TRANCHE # TR 00046
99.635
87.079
0.84
6.32
DTD 01/15/99 5.500 01/15/2009
CUSIP 45920QBXI
100,000
WAL-MART SOTRES
99,952.00
98,693.00
10.07
6,150
1,896.25
DTD O8/10/99 6.150 08/10/2001
99.952
98.693
0.95
6.23
CUSIP 931142BC6
TOTAL CORPORATE
OBLIGATIONS
T00-M
�i.IW
---- T5--,66
9.44
7.59
TOTAL FIXED INCOME
SECURITIES
1,982,159.72
1,901,310.50
100.00
135,993
28,670.58
18.31
7.15
PAGE 6
STATEMENT OF ASSETS AND LIABILITIES
AS OF MAY 31, 2000 ACCOUNT NUMBER 00088100
STATEMENT OF ASSETS AND LIABILITIES
% OF ESTIMATED
COST VALUE MARKET VALUE CATEGORY ANNUAI INCOMF/
EQUITIES
COMMON EQUITIES
31,280.911
ACORN INVT TR INTL FD
628,821.71
1,013,188.71
12.55
6,882
0.00
CUSIP 004851200
20.102
32.390
9.76
0.68
1,260
ADC TELECOMMUNICATIONS INC 1 COM &
54,936.63
84,656.25
1.05
0
0.00
I TAKEOVER RT EXP: CONDTL
43.600
67.188
0.82
0.00
CUSIP 000886101
1,495
AFLAC INC
70,024.09
77,272.81
0.96
508
127.08
CUSIP 001055102
1 46.839
51.688
0.74
0.66
1,638
AMERICAN HOME PRODS CORP
23,506.20
88,247.25
1.09
1,507
376.74
CUSIP 026609107
14.351
53.875
0.85
1.71
743
AMERICAN INTL GROUP INC
52,136.77
83,633.94
1.04
165
37.15
CUSIP 026874107
70.171
112.563
0.81
0.20
2,550
AMERICAN PWR CONVERSION CORP
25,425.00
90,365.63
1.12
0
0.00
CUSIP 029066107
9.971
35.438
0.87
0.00
915
BAXTER INTL INC 1 COM & 1 TAKEOVER
41,094.00
60,847.50
0.75
1,065
0.00
RT EXP: 03-20-99
44.911
66.500
0.59
1.75
CUSIP 071813109
920
BRISTOL MYERS SQUIBB CO
49,318.08
50,657.50
0.63
902
0.00
CUSIP 110122108
53.607
55.063
0.49
1.78
1.965
BURLINGTON RES INC COM
59,541.07
89,898.75
1.11
1,081
0.00
CUSIP 122014103
30.301
45.750
0.87
1.20
2,900
CISCO SYS INC
16,558.14
165,118.75
2.04
0
0.00
CUSIP 17275RI02
5.710
56.938
1.59
0.00
2,035
COMPAQ COMPUTER CORP 1 COM & 1
63,216.89
53,418.75
0.66
204
0.00
TAKEOVER RT EFF: 06/09/89 EXP:
31.065
26.250
0.51
0.38
05/18/99
CUSIP 204493100
WELLS
FARGO .
PAGE 7
ASSETS AND LIABILITIES
PAR VALUE/SHARES
STATEMENT OF
DESCRIPTION
ASSETS AND LIABILITIES
% OF
COST VALUE MARKET VALUE CATEGORY
/ UNIT COST / UNIT PRICE / TOTAL
ESTIMATED
ANNUAL INCOME/
CURRENT YIELD ACCRUED
INCOME
815
DELL COMPUTER CORP
36,804.91
35,146.88
0.44
0
0.00
CUSIP 247025109
45.159
43.125
0.34
0.00
1,760
E M C CORP MASS.
8,899.00
204,710.00
2.54
0
0.00
CUSIP 268648102
5.056
116.313
1.97
0.00
1,820
ECOLAB INC 1 COM & 1 TAKEOVER RT
58,158.14
69,615.00
0.86
874
0.00
EXP: 03-11-96
31.955
38.250
0.67
1.26
CUSIP 278865100
1,135
EXXON MOBIL CORPORATION
59,927.35
94,559.69
1.17
11998
499.40
CUSIP 30231G102
52.799
83.313
0.91
2.11
2,235
FIRST DATA CORP COM
60,112.87
125,299.69
1.55
179
0.00
CUSIP 319963104
26.896
56.063
1.21
0.14
3,550
FIRSTAR CORPORATION
83,202.77
90,746.88
1.12
2,308
0.00
CUSIP 33763V109
23.437
25.563
0.87
2.54
2,895
GENERAL ELEC CO
19,226.60
152,530.31
1.89
1,584
0.00
CUSIP 369604103
6.641
52.688
1.47
1.04
1,005
GTE CORP 1 COM & 1 TAKEOVER RT
51,655.91
63,566.25
0.79
1,889
472.35
EXP: 12-07-99
51.399
63.250
0.61
2.97
CUSIP 362320103
1,650
GUIDANT CORP COM
91,207.55
83,531.25
1.03
0
0.00
CUSIP 401698105
55.277
50.625
0.80
0.00
1,537
HOME DEPOT INC
44,525.36
75,024.81
0.93
246
0.00
CUSIP 437076102
28.969
48.813
0.72
0.33
940
INTEL CORP COM
7,049.43
117,206.25
1.45
113
28.20
CUSIP 458140100
7.499
124.688
1.13
0.10
570
JOHNSON L JOHNSON
51,257.25
51,015.00
0.63
730
182.40
CUSIP 478160104
89.925
89.500
0.49
1.43
PAGE 8
STATEMENT OF ASSETS AND LIABILITIES
AS OF MAY 31 2000 ACCOUNT NUMBER 00088100
STATEMENT OF ASSETS AND LIABILITIES
% OF ESTIMATED
COST VALUE MARKET VALUE CATEGORY ANNUAL INCOME/
_PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE / TOTAL CURRENT YIELD ACCRUED INCOME
1,875
KEYSPAN CORP
55,579.98
57,539.06
0.71
3,338
0.00
CUSIP 49337WI00
29.643
30.688
0.55
5.80
650
KOHLS CORP COM
34,057.40
33,637.50
0.42
0
0.00
CUSIP 500255104
52.396
51.750
0.32
0.00
1,245
LUCENT TECHNOLOGIES
INC COM
59,155.76
71,276.25
0.88
100
24.90
CUSIP 549463107
47.515
57.250
0.69
0.14
11800
MEDTRONIC INC 1 COM
& 1 TAKEOVER
29,981.21
92,925.00
1.15
288
0.00
RT EXP: 07-10-01
16.656
51.625
0.89
0.31
CUSIP 585055106
1,530
MERCK & CO INC
71,075.36
114,176.25
1.41
1,775
443.70
CUSIP 589331107
46.454
74.625
1.10
1.55
720
MICROSOFT CORP
56,796.09
45,045.00
0.56
0
0.00
CUSIP 594918104
78.883
62.563
0.43
0.00
1,230
ORACLE CORPORATION
1 COM & 1
85,439.67
88,406.25
1.09
0
0.00
TAKEOVER FIT EFF: 12-31-90
69.463
71.875
0.85
0.00
EXP: 12-03-00
CUSIP 68389XI05
2,205
PEPSICO INC
80,139.49
90,129.38
1.12
1,235
0.00
CUSIP 713448108
36.344
40.875
0.87
1.37
815
SAFEWAY INC COM NEW
36,949.90
37,591.88
0.47
0
0.00
CUSIP 786514208
45.337
46.125
0.36
0.00
1,955
SBC COMMUNICATIONS
INC COM
45,814.40
85,409.06
1.06
1,984
0.00
CUSIP 78387G103
23.434
43.688
0.82
2.32
4,320
SCHWAB CHARLES CORP
NEW
89,874.00
123,457.39
1.53
160
0.00
CUSIP 808513105
20.804
28.578
1.19
0.13
33,987.71
SCUDDER INTL FO INC
1,792,087.66
2,117,774.21
26.23
4,418
0.00
CUSIP 811165109
52.728
62.310
20.40
0.21
TRS ]aH (1015401)
PAGE 9
STATEMENT OF ASSETS AND LIABILITIES
AS OF MAY 31 2000 ACCOUNT NUMBER 00088100
STATEMENT OF ASSETS AND LIABILITIES
% OF ESTIMATED
COST VALUE MARKET VALUE CATEGORY ANNUAL INCOME/
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE / TOTAL CURRENT YIELD ACCRUED INCOME
38,916.753
SIT INTERNATIONAL GROWTH FUND
CUSIP 82980D103
1,630
STARBUCKS CORP COM
CUSIP 855244109
1,345
STATE STREET CORP COM
CUSIP 857477103
2,350
SUN MICROSYSTEMS INC COM
CUSIP 866810104
1,255
TARGET CORP
CUSIP 87612E106
11000
TRANSOCEAN SEDCO FOREX INC
CUSIP G90078109
1,240
TYCO INTL LTD NEW COM
CUSIP 902124106
900
UNISYS CORP
CUSIP 909214108
46,636.78
VANGUARD EMERGING MARKETS STOCK
INDEX FUND
CUSIP 922042304
1,130
WAL MART STORES INC
CUSIP 931142103
1,690
WASHINGTON MUT INC COM
CUSIP 939322103
TOTAL COMMON EQUITIES
650,717.91
888,858.64
11.01
8,717
0.00
16.721
22.840
8.56
0.98
57,992.30
55,420.00
0.69
0
0.00
35.578
34.000
0.53
0.00
16,584.20
149,967.50
1.86
861
0.00
12.330
111.500
1.44
0.57
24,379.84
180,068.75
2.23
0
0.00
10.374
76.625
1.73
0.00
73,175.68
78,672.81
0.97
502
125.50
58.307
62.688
0.76
0.64
33,022.59
49,187.50
0.61
120
30.00
33.023
49.188
0.47
0.24
60,774.73
58,357.50
0.72
62
0.00
49.012
47.063
0.56
0.11
29,745.00
24,412.50
0.30
0
0.00
33.050
27.125
0.24
0.00
560,546.89
498,080.81
6.17
6,529
0.00
12.019
10.680
4.80
1.31
65,588.25
65,540.00
0.81
271
0.00
58.043
58.000
0.63
0.41
59,234.50
48,587.50
0.60
1,893
0.00
35.050
28.750
0.47
3.90
TOO. W
77.77
0.67
�T4T. U
OF ASSETS AND LIABILITIES
STATEMENT OF ASSETS AND LIABILITIES
% Or
COST VALUE MARKET VALUE CATEG(
OTHER EQUITIES
ESTIMATED
ANNUAL INCOME/
PAGE 10
2,056
KONINKLIJKE PHILIPS NV-W/I-ADR
36,637.60
90,849.50
44.56
500
0.00
CUSIP 500472204
17.820
44.188
0.88
0.55
620
ROYAL DUTCH PETRO-NY SHARES
29,628.68
38,711.25
18.99
845
0.00
CUSIP 780257804
47.788
62.438
0.37
2.18
11010
SCHLUMBERGER LTD ADR
33,986.89
74,298.13
36.45
758
0.00
CUSIP 806857108
33.650
73.563
0.72
1.02
TOTAL OTHER
EQUITIES
TOO-.60
---------
D-.M
1.96
1.03
TOTAL EQUITIES
5,82S,571.70
8,278,637.47
100.00
S6,591
2,347.42
79.73
0.68
REAL ESTATE/MINERAL INTERESTS
1 5% RESERVED RIGHTS OF
ENTRY SE1/4
1.00
1.00
100.00
0
0.00
SEC 22-T2N RIE ✓; Sl/2
LESS LOT 5
1.000
1.000
0.00
0.00
NW 1/4 W1/2 OF NE1/4
SEC
23-T2N-R1E BROADWATER
CO., MT
TOTAL REAL ESTATE/MINERAL INTERESTS
1.00
1.00
100.00
0
0.00
0.00
0.00
TOTAL INVESTMENTS
8,010,516.84
10,382,733.39
100.00
204,846
31,934.69
100.00
1.97
TOTAL ACCRUALS
31,934.69
31,934.69
TOTAL INVESTMENTS AND ACCRUALS
8,042,451.53
10,414,668.08
204,846
31,934.69
1.97
CHANGE IN ASSETS - THIS PERIOD
UNREALIZED APPRECIATION/DEPRECIATION - END
OF PERIOD
$ 2,372,216.55
UNREALIZED APPRECIATION/DEPRECIATION - BEGINNING
OF PERIOD
7,993,894.43-
NET CHANGE THIS PERIOD $ 10,366,110.98
CASH SUMMARY
FOR THE PERIOD MAY 1 2000 THROUGH MAY 31 2000 ACCOUNT NUMBER 00088100
CASH SUMMARY
DESCRIPTION PRINCIPAL CASH
BEGINNING BALANCE
RECEIPTS
NET INTEREST COLLECTED
DIVIDENDS
TRANSFER RECEIPTS
SALES
CASH MANAGEMENT SALES
TOTAL CASH RECEIPTS
DISBURSEMENTS
INVESTMENT MANAGEMENT EXPENSES
TRANSFER DISBURSEMENTS
PURCHASES
CASH MANAGEMENT PURCHASES
TOTAL CASH DISBURSEMENTS
ENDING BALANCE
23,731.69-
0.00
0.00
201572.65
265:145.69
235,933.79
702,652.13
0.00
196,295.03-
115,324.14-
364,087.30-
675,706.47-
3,213.97
PAGE 11
OF TRANSACTIONS
n
STATEMENT OF TRANSACTIONS
PAGE 12
REALIZED
DATE PAR VALUE/SNARES
DESCRIPTION PRINCIPAL CASH
INCOME CASH COST VALUE GAIN/LOSS
BEGINNING BALANCE 23,731.69—
23,731.69 7,993,894.43
INTEREST
US TREASURY NOTES AND BONDS
U S TREASURY NOTES 7.875% 11/15/04
05/15/00
INTEREST RECEIVED
3,937.50
CUSIP 9128271187
INTEREST ON 100,000.000 UNITS
U S TREASURY NOTES 8.000% 5/15/01
05/15/00
INTEREST RECEIVED
2,000.00
CUSIP 912827A85
INTEREST ON 50,000.000 UNITS
CORPORATE BONDS
BP AMER INC 9.375% 11/01/00
05/01/00
INTEREST RECEIVED
4,687.50
CUSIP 055625AJ6
INTEREST ON 100,000.000 UNITS
PROPRIETARY FUNDS
WF CASH INV MMKT SVC CLASS
05/03/00
INTEREST RECEIVED
540.67
INTEREST FROM 4/1/00 TO 4/30/00
05/03/00
INTEREST RECEIVED
13.77
INTEREST FROM 4/1/00 TO 4/30/00
TOTAL INTEREST 0.00 11,179.44 0.00 0.00
IRS 1094n MIMI)
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
C. What criteria do you use to select subcustodians?
Subcustodians are selected based on a variety of criteria, such as compliance regulatory
requirements, competitive pricing, general market reputation, securities lending support, credit
ratings, overall banking relationship, and ability to consistently meet our clients' needs. Each
subcustodian must meet performance standards, which are reexamined periodically ensuring that
our clients are provided with the best services available.
The objective in selecting a subcustodian is to choose the one that best suits our clients'
requirements. The subcustodian must meet the highest level of fiduciary standards and controls as
required by our clients and our regulatory and compliance obligations. We look for subcustodians
who are leaders in the securities processing industry. Each subcustodian is thoroughly researched
and reviewed before they are considered. Each prospective subcustodian submits a
comprehensive proposal outlining their operating services and capabilities, both current and
future. We monitor our subcustodians' performance on an ongoing basis to ensure they maintain
the highest level of service and comply with our clients' regulatory requirements.
5. Same Day Posting Requirements
Same day posting of all credits and debits (cash transfers, interest payments, maturities,'
and sales, etc.) is required. Please stipulate the Provider's policy on posting of debits and
credits. Please include a schedule of your income and collection standards.
Interest and dividends are credited to client's accounts in fed funds based on the payment
schedule shown below. Funds are available same -day when posted to the account. We currently
process approximately one million income collection transactions annually.
Series H/HH Interest
On Receipt
Interest/Corporate Bonds, Treasuries
Payable Date
Income on Exception Items
Receipt+l
Savings/CD Interest
On Receipt
Savings/CD Reinvest
On Receipt of Statement
Cash Sweep Income
V Business Day
CPT PrincipleMterest
Payable Date
CPT PrincipaVlnterest Payments -Exceptions
Upon Receipt
Dividend on Split Shares
Payable +1
Equities (Announced)
Payable Date
Equities (Unannounced)
On Receipt
Pending Trades
Settlement Day
Preferred Stock (Announced)
Payable Date
Preferred Stock (Unannounced)
On Receipt
Common Stock
Payable Date
Bank Certificate of Deposit
On Receipt
Fixed Rate Domestic Bonds
Payable Date
Floating Rate Domestic Bonds
Payable Date or Receipt of Rate
Floating Rate Foreign Bonds
On Receipt of U.S. Fonds
Bearer Bonds
Payable Date
Baby Bonds
Payable Date
Fed Book Entry Issues (Treastmes(SLGS)
Payable Date
Physical U.S. Agencies
Payable Date
Mortgage -Backed (interest & principal)
Payable Date
GNMAI&II
FHLMC
FNMA
Institutional Trust & Custody Page 9
WELLS
FARGO
PAGE 13
STATEMENT OF TRANSACTIONS
FOR THE PERIOD MAY 1, 2000 THROUGH MAY 31, 2000 ACCOUNT NUMBER 00088100
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH COST VALUE GAIN/LOSS
COMMON STOCK
BRISTOL MYERS SQUIBB CO
05/01/00
DIVIDEND RECEIVED
225.40
CUSIP 110122108
DIVIDEND ON 920.000 SHARES
AT $0.24500 PER SHARE
PROCTER & GAMBLE CO
05/15/00
DIVIDEND RECEIVED
214.40
CUSIP 742718109
DIVIDEND ON 670.000 SHARES
AT $0.32000 PER SHARE
SBC COMMUNICATIONS INC COM
05/01/00
DIVIDEND RECEIVED
496.08
CUSIP 78387G103
DIVIDEND ON 1,955.000 SHARES
AT $0.25375 PER SHARE
SCHWAB CHARLES CORP NEW
05/24/00
DIVIDEND RECEIVED
40.32
CUSIP 808513105
DIVIDEND ON 2,880.000 SHARES
AT $0.01400 PER SHARE
TYCO INTL LTD NEW COM
05/01/00
DIVIDEND RECEIVED
15.50
CUSIP 902124106
DIVIDEND ON 1,240.000 SHARES
AT 80.01250 PER SHARE
PAGE 14
STATEMENT OF TRANSACTIONS
FOR THE PERIOD MAY 1, 2000 THROUGH MAY 31, 2000 ACCOUNT NUMBER 00088100
,
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH COST VALUE GAIN/LOSS
WASHINGTON MUT INC COM
05/15/00
DIVIDEND RECEIVED 473.20
CUSIP 939322103
DIVIDEND
ON-1,690.000 SHARES
AT $0.28000 PER SHARE
ADR
ROYAL DUTCH PETRO-NY SHARES
05/26/00
DIVIDEND RECEIVED 480.90
CUSIP 780257804
DIVIDEND
ON 620.000 SHARES
AT
80.77564 PER SHARE
25.0000000% FOREIGN TAXES WITHHELD
05/26/00
FOREIGN TAX 120.23-
DIVIDEND ON ROYAL DUTCH PETRO-NY
SHARES
TOTAL DIVIDENDS 0.00 1,825.57 0.00 0.00
PURCHASES & RECEIPTS
COMMON STOCK
KEYSPAN CORP
05/01/00 603 PURCHASED 17,808.70- 17,808.70
CUS P 49337WI00
AT 29.47 ON TRADE DATE 04/26/2000
TO SETTLE ON 05/01/2000
HOWAR? WEIL LABOUISSE FRIEDRIC
COMM 36.18
VAIRGO -
TEMENT OF
STATEMENT OF TRANSACTIONS
�.o,
PAGE 15
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH COST VALUE GAIN/LOSS
05/02/00
1,272 PURCHASED
37,771.28—
37,771.28
CUSIP 49337W100
AT $29.63 ON TRADE DATE
04/27/2000
TO SETTLE ON 05/02/2000
HOWAR? WEIL LABOUISSE FRIEDRIC
COMM $ 76.32
KOHLS CORP COM
05/01/00
650 PURCHASED
34,057.40—
34,057.40
CUSIP 500255104
AT $52.34 ON TRADE DATE
04/26/2000
TO SETTLE ON 05/01/2000
MONTGOMERY SECURITIES
COMM $ 39.00
STARBUCKS CORP COM
05/03/00
815 PURCHASED
25,686.76—
25,686.76
CUSIP 855244109
AT $31.52 ON TRADE DATE
04/28/2000
TO SETTLE ON 05/03/2000
LEHMAN BROTHERS INC.
TOTAL PURCHASES C RECEIPTS 115,324.14— 0.00 115,324.14 0.00
SALES & DELIVERIES
COMMON STOCK
BLACK & DECKER MFG CO 1 COM & 1
05/01/00 815— SOLD 33,837.26 44,735.35— 10,898.09—
CUSIP 091797100
AT $41.58 ON TRADE DATE 04/26/2000
TO SETTLE ON 05/O1/2000
SMITH BARNEY SHEARSON INC #418
COMM $ 48.90 FEES $ 1.13
mi
PAGE 16
STATEMENT OF
TRANSACTIONS
FOR THE PERIOD MAY 1, 2000 THROUGH MAY 31, 2000
ACCOUNT NUMBER 00080100
STATEMENT
OF TRANSACTIONS
DATE PAR
VALUE/SHARES
DESCRIPTION
PRINCIPAL CASH INCOME CASH
COST VALUE
REALIZED
GAIN/LOSS
=
E M C CORP MASS
05/01/00
310
SOLD
CUSIP 268648102
42,908.31
1,567.44-
41,340.87
-
AT
$138.48 ON TRADE DATE 04/26/2000
TO
SETTLE ON 05/01/2000
BRIDG TRADING CO.
COMM $ 18.60 FEES $ 1.43
IMS HEALTH INC COM
05/O1/00
926-
SOLD
15,685.92
25,338.80-
9,652.88-
CUS$$IIP
449934108
ON TRADE DATE 04/26/2000
TO
SETTLE ON 05/01/2000
PAINE WEBBER JACKSON & CURTIS
COMM $ 55.56 FEES $ 0.52
05/05/00
2,074-
SOLD
35,255.58
49,327.18-
14,071.60-
CUSI$P
449934108
ON TRADE DATE 04/27/2000
TO
SETTLE ON 05/05/2000
-
PAINE WEBBER JACKSON 6 CURTIS
COMM $ 124.44 FEES $ 1.18
PROCTER L GAMBLE CO
05/01/00
670-
SOLD
40,509.06
55,769.89-
15,260.83-
CUSIP
742718109
AT $60.52
ON TRADE DATE 04/26/2000
TO
SETTLE ON 05/01/2000
NATWE T SECURITIES CORP.
COMM 40.20 FEES $ 1.35
SUN MICROSYSTEMS INC COM
05/02/00
500-
SOLD
44,947.65
5,238.66-
39,708.99
CUSIP
866810104
AT $89.90
ON TRADE DATE 04/27/2000
TO
SETTLE ON 05/02/2000
SMITH BARNEY SHEARSON INC #418
FEES $ 1.50
T0S 26U00� 25021
PAGE 17
STATEMENT OF TRANSACTIONS
FOR THE PERIOD MAY 1 2000 THROUGH NAY 31 2000 ACCOUNT NUMBER 00088100
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH COST VALUE GAIN/LOSS
TARGET CORP
05/15/00 740- SOLD 52,001.91 44,877.92- 7,123.99
CUSIIP 87612E106
AT $70.34 ON TRADE DATE 05/10/2000
TO SETTLE ON 05/15/2000
MERRII,L LYNCH PIERCE FENNER
COMM $ 44.40 FEES $ 1.74
TOTAL SALES & DELIVERIES 265,145.69 0.00 226,855.24- 38,290.45
SECURITY CHANGES
COMMON STOCK
GENERAL ELEC CO
05/08/00 1,930 STOCK SPLIT
3 FOR 1 STOCK SPLIT ON
GENERAL ELEC CO DUE 5/5/00
1,930 ADDITIONAL SHARES RECEIVED
SCHWAB CHARLES CORP NEW
05/31/00 1,440 STOCK SPLIT
3 FOR 2 STOCK SPLIT ON
SCHWAB CHARLES CORP NEW DUE 5/30/00
1,440 ADDITIONAL SHARES RECEIVED
TOTAL SECURITY CHANGES 0.00 0.00 0.00 0.00
STATEMENT
STATEMENT OF TRANSACTIONS
PAGE 18
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH COST VALUE GAIN/LOSS
TRANSFER RECEIPTS
05/01/00 ADDITION TO'ACCOUNT 26,360.42
TRANSFER FROM INCOME
TRANSFER FROM INCOME TO PRINCIPAL
05/03/00 ADDITION TO ACCOUNT 175,212.23
TRANSFER FROM ANOTHER ACCOUNT
CORRECTION FOR ERROR -TRANSFER OF
APRIL INCOME
05/15/00
TOTAL TRANSFER RECEIPTS 201,572.65 0.00 0.00 0.00
INVESTMENT MANAGEMENT EXPENSES
TRUSTEE FEE
PAID TO ACCOUNT # 90999905
QUARTERLY FEES FOR 3/15/2000
1,000.00-
TOTAL INVESTMENT MANAGEMENT EXPENSE 0.00 11000.00- 0.00 0.00
TRANSFER DISBURSEMENTS
05/01/00 TRANSFER TO PRINCIPAL 26,360.42-
TRANSFER FROM INCOME TO PRINCIPAL
Ina y—, p M1, ,.."
PAGE 19
STATEMENT OF TRANSACTIONS
FOR THE PERIOD MAY 1, 2000 THROUGH MAY 31, 2000 ACCOUNT NUMBER 00088100
,
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH COST VALUE GAIN/LOSS
05/03/00
TRANSFER TO ANOTHER ACCOUNT 175,212.23-
PAID TO ACCOUNT # 13276802
TRANSFER OF APRIL INCOME - PER
CASEY SCOTT
05/04/00
TRANSFER TO ANOTHER ACCOUNT 21,082.80-
PAID TO ACCOUNT # 13276802
05/15/00
TRANSFER TO ANOTHER ACCOUNT 100.00-
PAID TO ACCOUNT # 13276802
TRANSFER OF DIVIDENDS AND INTEREST
05/17/00
TRANSFER TO ANOTHER ACCOUNT 12,490.25-
PAID TO ACCOUNT # 13276802
MONTHLY TRANSFER OF INCOME AND
DIVIDENDS
TOTAL TRANSFER DISBURSEMENTS 196,295.03- 38,950.67- 0.00 0.00
05/31/00 364,087.3 CASH SWEEP PURCHASES FOR STMT PERIOD 364,087.30- 0.00 364,087.30
WF CASH INV MMKT SVC CLASS
8 TRANSACTIONS
05/31/00 235,933.79- CASH SWEEP SALES FOR STMT PERIOD 235.933.79 0.00 235,933.79-
WF CASH INV MMKT SVC CLASS
7 TRANSACTIONS
ENDING BALANCE 3,213.97 3,213.97- 8,010,516.84
y-.
PAGE 20
CASH MANAGEMENT TRANSACTION
JOURNAL
FOR THE PERIOD MAY 1. 2000 THROUGH MAY 31, 2000
ACCOUNT NUMBER 00088100
,
CASH MANAGEMENT
TRANSACTION JOURNAL
DATE
PAR VALUE/SHARES
DESCRIPTION
PRINCIPAL CASH INCOME CASH
05/01/00
86,498.93
PURCHASED
86,498.93-
=
WF CASH INV MMKT
SVC
CLASS
05/02/00
42,434.37
PURCHASED
42,434.37-
WF CASH INV MMKT
SVC
CLASS
05/03/00
175,212.23
PURCHASED
175,212.23-
=
WF CASH INV MMKT
SVC
CLASS
e 05/03/00
13.77
PURCHASED
13,77-
WF CASH INV MMKT
SVC
CLASS
p 05/03/00
175,212.23
SOLD
175,212.23
WF CASH INV MMKT
SVC
CLASS
05/03/00
25,146.09
SOLD
25,146.09
WF CASH INV MMKT
SVC
CLASS
05/04/00
21,082.8
SOLD
21,082.80
=
WF CASH INV MMKT
SVC
CLASS
05/08/00
2.42
SOLD
2.42
WF CASH INV MMKT
SVC
CLASS
05/11/00
1.000
SOLD
1,000.00
WF CASH INV MMKT
SVC
CLASS
05/12/00
11000
PURCHASED
1,000.00-
WF CASH INV MMKT
SVC
CLASS
05/15/00
58,527.01
PURCHASED
58,527.01-
WF CASH INV MMKT
SVC
CLASS
05/16/00
1,000
SOLD
1,000.00
WF CASH INV MMKT
SVC
CLASS
fp IM(3m2502)
PAGE 21
CASH MANAGEMENT TRANSACTION JOURNAL
FOR THE PERIOD MAY 1 2000 THROUGH MAY 31 2000 ACCOUNT NUMBER 00088100
CASH MANAGEMENT TRANSACTION JOURNAL
DATE PAR VALUE/SHARES DESCRIPTION PRINCIPAL CASH INCOME CASH
05/17/00 12,490.25 SOLD
WF CASH INV MMKT SVC CLASS
05/24/00 40.32 PURCHASED
WF CASH INV MMKT SVC CLASS
12,490.25
40.32-
05/30/00 360.67 PURCHASED 360.67-
WF CASH INV MMKT SVC CLASS
WF CASH INV MMKT SVC CLASS
TOTAL PURCHASES/DEPOSITS
TOTAL SALES/WITHDRAWALS
364,087.30- 0.00
235,933.79 0.00
Institutional Trust & Custody
Sample Report
Performance and Enhanced
Accounting Package
MInstitutional Trust & Custody
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October l2, 2001
CM/Asset-Backed (interest & principal)
Includes REMICs, Multiclasses, FHA
Pass Thru, SBA
Held Qa D717
HeldQ FED
Held ® Bankers
Held Physically
Unit Investment Trusts - Income
Private Placements
Cash Dividends (S & P published)
Dividend Reinvest & Capital Gains
Sarre Day Trades
Next Day Trades
Mutual Fund Trades
Mutual Fund late Day Trades
Payable Date/Receipt of Factor
Payable Date
Payable Date + 1
On Receipt of Payment
Payable Date
On Receipt
Payable Date +1
Payable Date +1
Settlement Date
Settlement Date
Settlement Date
Settlement Date
Calls/Partial Calls Payable Date
Maturities
Past Due Maturities
Dividend Reinvest Equities
Final Principal Payment
Series E/H Redemptions
Global Reorganizations
voluntary Corporate Actions
Corporate Actions
Stock Splits
Payable Date
On Receipt
On Receipt of Statement
Payable Date
On Receipt
On Receipt
Upon Receipt +1
Receipt
Ex -Date
Global Income Receipt 70"
For variable rate securities, our system automatically calculates income and principal payments.
Prior to the anticipated payable date, principal and income payment projections are generated by
the system and reconciled against the paying agent's records. Any differences are identified and
researched with the paying agent and resolved prior to the scheduled payable date.
Payments to be credited on payable date are released for prompt posting to the client's account.
On payable date, the actual amount received from the paying agent is once again verified against
the amount projected by our system. Similarly, all payments that are credited upon receipt are
posted as received.
All of Wells Fargo's mortgage factors are received in an automated fashion from Bond Buyer, the
premier industry provider of this service. Projections are available five days prior to payable
date. Payable amounts are updated as rate or factor information becomes available. DTC,
Federal Reserve, and PTC payment information is provided by an automated download one day
prior to payable date.
Wells Fargo's Income Collections Group maintains factor and principal payment histories. This
information can be made available upon request.
Wells Fargo's Income Collections Group maintains factor and principal payment histories.
Institutional Trust & Custody Page 10
Client Consolidation
These reports provide a breakdown by country and by category of the
participating member accounts within a consolidation. Once a consolidation or
valuation date are selected, the By Country report displays ending base market
value and base, local and currency rates of return for the current month.
Consolidation by Country - Report
Consolidation w/ Subgroups (A)
Consolidation by Country
Valuation Date: 9130/98
Ending Base
BaseTWR
LocalTWR
Curr TWR
Market
8/31198
813.U98
8r31/98
Value
to
to
to
Description
9/30M
9l3W98
9/30198
9130/98
Consolidation w/ Subgroups (A)
United Stares
32,450,769.42
8.37
8.37
0.00
Gemranv
6.492,716.16
6.53
3.71
2.71
France
606,201.55
-3.42
6.10
2.95
fwly
692,155.86
31.14
27.61
2.77
Netherlands
1,893,668.49
10.27
734
2.73
United Kingdom
2.438,654.64
8.71
9.85
-0.12
Sweden
1.533.580. 12
2.11
-227
4A9
Switzerland
880,649.37
21.70
18.04
3.11
World
47.373,255.07
9.21
8.39
0.76
Japan
10.298.32
12.25
10.00
2.05
Spain
374.571.14
6.00
9.00
-1.85
Level One - Domestic
United States
4,686,093.94
3.94
3.94
0.00
World
4,686,093.94
3.94
3.94
0.00
Level Two - Global
United States
27,764,675.48
9.16
9.16
0.00
Germany
6,492,716.16
6.53
3.72
2.71
France
606,201.55
-3.42
6.10
2.85
Italy
692,155.86
31.14
27.61
2.77
Netherlands
1,893,668.49
10.27
7.34
2.73
United Kingdom
2.438,654.64
8.71
8.85
-0.12
Sweden
1,533,580.12
2.11
-2.27
4.49
Swt=rland
880,649.37
21.70
18.04
3.11
World
42.697361.13
9.82
8.88
0.86
Japan
10,288.32
12.25
10.00
2.05
Spain
374,571.14
10.00
8.00
1.85
I'nmN 9114,90 14t 54PM
A
Consolidation by Category - Report
Description
Consolidation w/ Subgroups (A)
Total Fond
Cash
Cash Equivalents
Convertibles
Equity
Fixed Income
Level Two - Global
Total Fund
Cash
Cash Equivalents
Equiry
Fixed Income
Level One - Domestic
Total Fund
Cash & Cash Equivalents
Cash Equivalents
Convertibles
Equiry
Fixed Income
Consolidation w/ Suberoups (A)
Cash & Cash Equivalents
Level Two - Global
Cash &- Cash Equivalents
iYmi.J 4 14:94 I 48.07PV
Consolidation w/ Subgroups (A)
World
Consolidation by Category
Valuation Date; 9/30198
Ending Base
Base TWR
Local TWR
Curr TWR
Market
WIM
&31/98
8/31/98
Value
to
to
to
9130M
9130/98
9/30/98
9130/98
47,373.255.07
9.21
8.38
0.76
946.569.21
-X-
-X.
.X-
2,683,769 41
0.00
0.00
0.00
26,662.50
3.58
3.58
0.00
42,073,586.65
7.14
629
0,80
1,742,66730
0.95
0.95
- coo
42,687,161.13
9.82
8.88
0.86
846,569.21
-X-
X.
-X-
2,569,51528
0.00
0.00
0.00
391214,846.83
7.24
6.33
0.86
56229,79
10.60
10.60
0.00
4,686.093.94
3.94
3.94
0.00
114254.13
7.44
7,44
0.00
114,254.13
0.01
0.01
0.00
26,662.50
3.58
3.58
0.00
2,858,739.80
5.84
5.84
0.00
1,686,437.51
0.66
0.66
0.00.
3,530,338.62
2.01
2.01
0.00
3.416.084.49
2.01
2.01
0.00
a
Composite Report
Once a composite and valuation date is selected the report will graph and displc
annual returns, as well as show dispersion and ending base market value for eact
year.
Equal Weighted Composite - Report
50
40
30
20
10
0
-10
-20
Composite Account
United States
Equal Weighted Composite Report
Total Fund Grow of Fees
Returns
1989 1990 1991 1992 190 1994 1995 199n 199i IMM
glow
■19at
■+2
■ 1G93
■too4
a low
■tn
ts■m
Year
Total Retom (Percent)
Composite Dispersion (Percent)
Total Assets at End of Period
1989
14.00
10.39
714,596,771.00
1990
-15.67
20.22
595.391.442.00
1991
41.39
19.49
791-598,595.00
1992
27.68
16.19
901,992,085.00
1993
21.16
5.82
953279.833.00
1994
7.53
5.96
926.946.838.00
1995
24.63
922
1,285,022,645.00
1996
23.01
4.68
1.526.070.858.00
1997
26.99
19.06
1.783.675.799,00
1999
4.10
33.95
1,403,632,799.23
Printed 9/79199 at 10 47AM
Asset Weighted Composite - Report
50
40
30
20
10
0
-10
-20
Composite Account
United States
Asset Weighted Composite Report
ToW Fund Gross of Fen
Returns
1989 1990 1991 1992 19w 1994 Iwo IUM IWI 1ri
neao
1002
IQQ3
to0.1
low
1996
tows
tarn
Year
Total RM= (Percent)
Composite Dispetsion (Percent)
Total Assets at End of Period
_
1989
14.04
10.40
. 714,596,771.00
1990
-15.55
20.25
595-391.442.00
1991
41.38
19.51
791,598,595.00
1992
26.35
15.58
901,992,095.00
1993
20.82
5.62
953,279,833.00
1994
T13
6.05
926,946,838.00
1995
26.25
9.52
1,285,022,645.00
1996
22.58
4.88
1,526,070,858.00
1997
27.14
7.50
1,783,675,799.00
1998
-5.65
14.37
1,403,632,799.28
Printed- 9/79/99 at If) 41 AM
Global Review
Once an account and valuation date is selected, this report will display the base
market value. In addition, rates of return for the current month are shown for bas.
local and currency. Each country containing investments is shown with its detaile
performance categories.
The following shows the first page of this report including the first six countries.
Global Review - Report
European Equity Fund
Global Review
Vahnuion,Datc 9130197
- .'Endue
Base TWH.
Local TWB
Cartexy TWl
Market Value
7M31197
oV31197
OWIM
Base
,: to
to
m
Desrsiollm
_ 9fJW7
90aw
MOM
MOW
Fri
Total Fund
595.371.30
-3.64
6.32
2.85
Net of Fees and Taxes.
595,971.30.
-3.64
6.n
2.85
Euatty -
- 595,871.30
-3.64
- 6.32
2.85
Con000n Stock
.. 595,971.30
-3.64
6.32
2.85
Matcrials and Soviet
595,87130
-3.64
6.32.
2.85
Germany
Total Fund
6.492,716.16
6.53
3.72
2.71
Net of Fees and. Taxes
6,492.716.16 -
6.33
- 1.72
771
E4uhv
- 6.492,716.16
633
- 3.72
'. - 2.71
mmmcn stock
". 6,492,716.16
&53
172 -..
771
Cavital Goods
599.786.93
3.76-1
1.02
„ 2.71
Matonals and Services::
586.647M
. 812
-. 536
271
MuceOancaus
"- 5,306,281.50
6.67
3.9S
:. " 2.7F
Great Britain
Total Food -
2,43&654.64
3.71
- _ &SS '-
-0.12
Net of Fees and Taws -
2.43054.64
8.71 -.
9.15
--0.12
Eaulty
743&654.64
1.71
8.85
- -0.12
Common Stock
- T43&654,64
&7l
&85
-. -0.12
Cannes Non D uahles
1.393.670,12.
- . 11.80
11.94
: .0.12
Matenais and Services
806.962.71
1.61
1.73
.0.12
Mlscdiancou
23&12181 - -
17.55
`. 17.70
.0.12
Italy
Total Fund
678,749.47
31.48
27.95
2.77
Net of Fees and Taxes
679.749.47
31.49
27,93
2.77
Equity
678,749.47
31.43
27.95
2.77
Co, Stock
- 67&749.47
31.48
27.95
2.77
MisWlancrnu
678,749.47
31.48
27.95
2.77
Netherlands
Total Food
1,979.467.52
10.26
7.33
2.73
Net of Fees and Taxes
1,979.467.52
10.26
7.33
2.73
Equity
1,979.467.52
10.26
7.33
773
Common Stock
1,879.467.52
10.26
7.33
773
Mlyellaneau
1.879,467.52
10.26
7.33
2.73
Spain
Total Fund
374.571.14
-X-
X.
-X-
Net of Far and Taxes
374.571.14
-X-
-X-
-X-
Equity
374.571.14
-X-
-X-
-X-
ADRs
374,571.14
-X-
-X-
-X-
Rima1 Vl1 t 3:45:54 M
Market Environment
The Market Environment report allows you to select the account and the valuatic
date. This report will both, graph and display market indices based on the month
return as of the reporting date. The quarterly return and the year-to-date return \
also be shown. The market indices are sorted based on the monthly late of recur
Market Environment - Report
Returns
18
1s
14
12
10
8
8
4
Market Environment
Valuation Date. 12/31/98
.:.�
11-1n!■�I■■■
it
II
'I■■
._II
_II
I - II
f II
I II
II
II
II
II"
II
II
II
II
II
11/30/98 to 12n U%
Returns
IIl30/98
9/30/98
12/31M
to
to
to
12/31M
12l31198
12/31/98
Account One GBP World Index
2.04
14.39
-X-
Australia
-0.70
17.52
-X-
Austria
0.90
10.26
-X-
Beleium
9.70
25.95
•X-
Brazil
-21.90
4.49
-X-
Canada
2.10
20.52
-X-
Cash
0.50
1.71
-X-
D=ark
9.00
16.93
-X-
Entereine Market Equities
-2.30
20.55
-X-
EurooeaaEauities
3.60
23.75
-X-
Finland
18.00
45.91
-X-
France
3.20
25.55
-X-
GCmumv
1.20
16,90
•X-
HoaeKone
-3.30
33,99
-X-
Indonesia
-3.30
100.76
-X-
Ireland
9.90
27.83
-X-
Italy
8.00
32.18
•X-
3aoan
3!SO
31.75
-X-
Jaoanse Eauius
2.60
29.91
-X-
Malaysia
10.40
29.46
-X-
Mexico
6,00
15.00
-X-
MSCI Europe All
4.33
23.51
-X-
MSCI Nordic
0.00
0.00
-X-
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
NOMMUMM
6. Immediate Instruction Execution
Provider will be required to act promptly on all instructions given by authorized
representatives of the City through mutually agreed upon procedures. There is no
requirement for the Provider to verify the validity of the transaction, or compliance of that
transaction, with state statute or City policy. Please describe Provider's policy and
limitations on this issue.
It is Wells Fargo's policy to act promptly on all instructions given by an authorized representative
of the custody customer. In the transition process, we will formalize a list of all authorized
signers at the account. This list of individuals will then be able to provide written, faxed, and oral
with written follow-up instructions for initiating account activities. We will also establish a
procedure for updating this list. We utilize this methodology for all of our existing public entity
customers and have experienced no difficulties in timely execution of account instructions.
Another process we use is our internal online client profile system. A client profile is completed
for every customer, which details the structure of the Fund or Plan, its investment managers, cash
procedures, authorized parties, statement timing and other specifics to the account. Changes in
strategy or procedures is communicated to all members of the team immediately and the
customer's profile sheet is updated. Requests for unusual transactions will be verified with the
client before any action is taken. Movement of money between accounts, fee payments,
distributions, or other types of cash movements outside of usual standing directions are not
allowed without written notification or direction from the client.
A Customer Operations Manual is provided to investment managers and clients' staff that details
the format for trade communication and settlement instructions, cut-off times, money movement,
short-term cash management and income collection standards information, as well as capital
actions and reorganization policies.
Institutional Trust & Custody Page 11
Portfolio Attribution
For a selected account and time period, based on the attribution models and se'
allocated to your portfolio selection and allocation effect are shown.
Portfolio Attribution - Multiplicotive Report
US Balanced Caoital
Multiolicative Attribution
8/31/98 to 950/98
Benchmark S&P 500 Combination Ind=
Contribution to
Ewen Return
Bencbmark
port
Benchmark
Port
Asset Security
Sement Name
Wei¢bt
Weiebt
Return
Return
Alloc Select
Total
Common Stock
100.00
57.04
5.47
5.55
-2.35 -0.09
0.21
Caoital Goods
7.50
3.97
5.08
0.84
-0.18 -0.17
0.03
Consumer Non Durables
31.00
18.01
5.12
3.54
-0.65 -0.29
0.19
Financial Services
16.00
7.05
8.00
3.69
-0.71 -0.30
0.21
Technoloev
13.00
8.91
3.99
8.23
-0.16 0.38
-0.06
utilities
8.50
1.15
7.57
2.06
-0.55 -0.06
0.03
Consumer Durables
3.00
2.16
5.75
4.58
-0.05 -0.03
0.00
Ener¢v
9.00
7.55
6.82
5.54
410 -0.10
0.01
Materials and Senices
11.00
4.74
1.77
3.12
-0.1.1 0.06
-0.01
Tmnwortalion
1.00
3.51
tih2
18.25
0.17 0.41
0.07
Portfolio Attribution - Additive Report
US Balanced Cgoital
Additive Attribution
8131/98 to 9130198
Benchmark S&P 500 Combination Index
Contribution to
Ezcens Return
Benchmark
Port
Benchmark
Port
A&sd Security
Segment Name
Weight
Weight
Return
Return
Alloc Select
Total
Common Stock
100.00
57.04
5.47
5.55
0.02 0.07
0.09
Capital Goods
7.50
3.97
5.08
0.84
-0.01. 0.13
0.12
Consumer Durables
3.00
2.16
5.75
4.58
0.00 0.02
0.02
Consumer Non Durables
31.00
18.01
5.12
3.54
-0.03 0.22
0.18
Energy
9.00
7.55
6.82
5.54
0.01 0.07
0.09
Financial Services
16.00
7.05
8.00
3.69
0.17 0.23
0.41
Materials and Services
11.00
4.74
1.77
3.12
-0.18 -0.05
-0.23
Technology
13.00
8.91
3.99
8.23
-0.05 -0.29
-0.34
Transmrtation
1.00
3.51
6.62
1825
-0.02 -0.31
-0.31
Utilities
8.50
1.15
7.57
2.06
0.12 0.05
0.1"
Returns/Allocation by Category
The Returns by Category report allows a user to view beginning and ending asset
allocation for major asset classes. Additionally rates of return for three time perioc
are shown on the report.
Returns by Category - Report
Category
Eouity
Fixed Income
Cask & Cash Equivalents
Cometnbkx
D.;..r...1U/IAIOD+r 1�"l4DAA
US Balanced Capital
United States
Returns/ Allocation by Category
Valuation Date: 9130M
Asset Allocation
Market Value
2.859.309.80
1,696,437.51
114254.13
26,662.50
9130M
Returns
8131/98 6rMM 9130197
to to to
9/30/98 9130/98 9/30M
5.96 6.11 7.62
0.66 0.74 1.99
7.44 7.01 5.58
3.58 6.02 22.74
8f31198 6130M 9130t97
to to to
9/30M 9130M 9/30/98
Returns/Allocation by Country
Once the account and valuation date have been selected, this report will graph
the beginning of the month and end of the month allocation of the account by
country. The base, local and currency returns for the month are also displayed
and graphed.
Returns/Allocation by Country - Report
European Equity
Returns / Allocations by Country
8/31198 to 9/30/98
Asset Allocation
■ Wrvr C9a
❑ VrWIOV® sas
a IkMr010 r3S
■ erurara zn
a f tsa
a aa r.n
9/30M
8/31/98
Country
Base
RettLms
Loeal
Cunm 7
United States
9.18
9.18
0.00
Germain
6.53
3.72
2.71
United Kioedom
8.71
8.85
.0.12
Netherlands
10.26
7.33
2.73
Sweden
2.11
.2.27
4A9
Switzerland
2016
17.22
3.11
My
31.48
27.95
177
France
-3.64
-6.32
2.85
Returns
Base Local Carreacv
Security Detail Analysis
This report provides information at the security level in a portfolio. Basic informati<
like beginning and ending shares, market value and accrued income are shown
with summary transaction information. Contribution impact by security and
category are shown on the report for a user defined time period.
Security
Issue
Ticker
A DR's
IMPERIAL OIL LI D C(
A.D.R's
451038408
RIO 71NTO PLC SPON:
A.D.R's
767204100
NEST IT: S A SPONSOP
A.D.R's
6441069406
NEWS CORP CI D ADP
A. D.R's
652497703
S(AILUMBERGER Cf(
A.D.R's
806857108
• ADR's
Capital Goods
DOSING CO COM
Common Stock 097023105
DOVER CORP COM
Common Stock 260001108
ILLINOIS TOOL WORT
Common Stuck 452308109
1'nured. 2114r99 2'00'.08PM
N
<D
n
US Balanced Capital
.7
Security
Detail Performance Analysis
0
8131198 to
9130198
Q
.......... 6ceinnilte......
..........Nei Transaction....
..........
F.tlJine..........
RcfvMl
Nominal
Aced
(000) (000)
RefVal
Nominal (0001
Income ReNal
(000) Nominal 1000)
Acer1
1000)
Percent
C'hanee
Total
Return
Port
Impact
10
3
Q
400 -
22 0
0 0
0
400
23
0
407
4.07
0.02
n
a
400
26 0
0 U
0
400
26
0
-0.49
-0.49
0.00
fl
N
1050
63 0
0 0
0
1050
73
0
16.11
16.11
0.23
y'
1
600
11 0
0 0
0
600
12
0
13.15
13.15
0.03
0
740
56 0
0 0
0
740
62
U
V00
10.50
0.13
178
196
10.25
10.25
0.41
720
39
0
0
0
0
720
39
0
-0. 12
-0.12
0.00
250
17
0
0
0
0
250
17
(1
-1.72
-1.72
. 001
900
44
0
0
0
0
900
45
(1
2.71
2.71
0.03
Time Weighted Rates of Return
For a selected account and valuation date this report graphs the monthly rate of
return for Total Fund and the primary categories. Up to five indices may be show
on the bottom of the report. These benchmarks may vary by account. The
quarterly rate of return and the year-to-date return as of the valuation date are
also displayed for both the account and its indices.
Response to Request For Proposal.
CITY OF FORT COLLINS RFP.P-807 October 12, 2001
C. Institutional Profile Data
1. Brief History and Service Statement
a. The Proposal should state a brief history of the Provider institution and development of its
custodial division(s) which indicates the scope of service, philosophy as a public depository,
and key dates of implementation and enhancement to its custodial services.
We have provided custody, safekeeping products, trust, and investment services since the
founding of Wells Fargo in 1852 and master trust services since the passage of ERISA in 1974.
Wells Fargo has been providing global custody services for over 20 years to Wells Fargo clients.
We focus on the delivery of quality products and unmatched service and reliability. Our success
in managing our own businesses and our solid presence in the master trust and custody business
ensures your needs will be met.
Wells Fargo Corporation regularly explores opportunities for acquisitions of financial institutions
and related businesses. Over the past two years we have made over 30 banking acquisitions,
growing assets by over $16 billion. More recently we have purchased the Bank of Alaska, First
Security and Michigan Financial Corp.
In January 2000, Wells Fargo announced the acquisition of Bryan, Pendleton, Swats &
McAllister (BPS&M). BPS&M is a leading employee benefit consulting firm with offices in
Nashville, Tennessee; Jackson, Mississippi; and Louisville, Kentucky. BPS&M serves more than
500 clients located in over 30 states. Our acquisition of this firm enables Wells Fargo to provide
customers with a range of creative consulting services, including plan design consulting and
regulatory compliance services.
Wells Fargo & Company currently serves 24 million clients and provides one of the industry's
broadest arrays of product lines. It services consumers, small businesses, agricultural producers,
public entities, non-profit organizations, middle market and large corporations. Wells Fargo &
Company's 5,400 "stores" are located in all 50 states and internationally. With $290 billion in
assets as of June 30, 2001, it is the 4th largest bank holding company in the nation and the 4th
largest in market capitalization at $80 billion.
Wells Fargo acts as custodian for over $450 billion of client assets. Institutional Trust & Custody
is a distinct business within the Institutional Trust Group, serving 475 clients with assets of $238
billion currently located in nearly all 50 states. Institutional Trust & Custody is organized into
dedicated units that focus on geography and specific industry groups. This structure provides
specialized service to better meet Institutional Trust & Custody clients' needs.
Our Institutional Trust & Custody product line provides a full array of sophisticated services to
meet the varied needs of Public entities, Corporate qualified and non -qualified plans/assets,
government groups, Endowment and Foundation funds, Taft -Hartley Funds, Insurance,
Healthcare, Collateral Valuation, Operating funds, Family Investment companies, Investment
Advisors and Mutual Funds. These services include domestic and global custody, accounting and
reporting, domestic and global securities lending, performance measurement and analysis, asset
and liability modeling systems, benefit payments, online portfolio and payment workstations, and
cash and investment management services.
Insibudonal Trust & Custody Page 12
Time -Weighted Rates of Return - Report
Returns
8
7
0
6
4
3
2
T
a
US Balanced Capital
United States
Time Weighted Rates of Return
Valuation Date: 9/30M
8131l98 to MOM
Returns
-
WIM
6/301"
9/30197
Category
to
to
to
9/30198
9/90198
9/30/98
Total Fund
3.96
4.01
4.36
Fixed Income
0.66
0.14
1.99
E4uitY
5.96
6.11
7.62
Convertibles
3.58
6.02
22.74
Fees
0.00
-X-
-X-
Cash & Cash Equivalents
7.44
7.01
5.58
Indices
Consumer Price Index
2.90
-X-
.X-
S & P 500 Stock Entered Index
5.45
-X-
-X-
Salornon Brothers hmt Grade B
2.26
-X-
-X-
Wilshire 5000 Stock Index
5.90
-X-
-X-
Prima* q/14/gq at I MPM
ACCOUNT NUMBER 99
REPORT SET SAMPLE
RUN DATE 01/19/01
RUN TIME 15:57
CONSOLIDATED REPORTING SAMPLE
FOR THE PERIOD
NOVEMBER 30,2000 THROUGH DECEMBER 31,2000
M2 M117 W107M)
WELLS
FARGO
CONSOLIDATED REPORTING SAMPLE
TABLE OF CONTENTS
PAGE NO.
GCR - SUMMARY STATEMENTS
SUMMARY STATEMENT OF INVESTMENT HOLDINGS BY SECURITY CATEGORIZATION . . . . . . . . . . . . . . . . . . . . . 1
RECONCILIATION OF CASH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
RECONCILIATION OF ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
RECONCILIATION OF INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
SUMMARY STATEMENT OF INVESTMENT HOLDINGS BY SECURITY CATEGORIZATION . . . . . . . . . . . . . . . . . . . . . 6
SUMMARY STATEMENT OF INVESTMENT HOLDINGS BY SECURITY CATEGORIZATION . . . . . . . . . . . . . . . . . . . . . 7
GCR - GAINS (LOSSES)
DETAIL STATEMENT OF ASSETS AND LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B
GCR - DETAIL RECEIPTS AND DISBURSEMENTS
STATEMENT OF INCOME EARNED BY SECURITY CATEGORIZATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
GCR - DETAIL RECEIPTS AND DISBURSEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
GCR - DETAIL PURCHASES & SALES
DETAIL STATEMENT OF PURCHASE TRANSACTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
DETAIL STATEMENT OF SALE TRANSACTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
GCR - DETAIL RECEIPTS AND DISBURSEMENTS
DETAIL STATEMENT OF INCOME RECEIVED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
DETAIL STATEMENT OF CONTRIBUTIONS AND OTHER RECEIPTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
DETAIL STATEMENT OF BENEFIT PAYMENTS AND OTHER DISBURSEMENTS . . . . . . . . . . . . . . . . . . . . . . 27
DETAIL STATEMENT OF EXPENSES INCURRED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
OCR - DETAIL PURCHASES 3 SALES
DETAIL STATEMENT OF ACTIVITY BY BROKER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
WELLS
FARGO
FD433
SUMMARY STATEMENT
OF INVESTMENT HOLDINGS
BY SECURITY CATEGORIZATION
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USO
PAGE 1
99
AS OF DECEMBER 31,2000
MARKET
ACCRUED %GAIN
ESTIMATED CURRENT
COST
VALUE
INCOME (LOSS) %
WT ANNUAL INCOME YIELD
SETTLED CASH
0.00
0.00
0.00 .0
.0 0.00 .00
RECEIVABLES
63,091.52
63,091.52
.0
.4
NET CASH
>
>
-4--
CASH EQUIVALENTS
COMMON STOCK
VENTURE CAPITAL
NET ASSETS
12,793,819.57 12,793,819.57 62,771.52 .0 83.7 822,729.76 6.43
2,137,939.05 2,293,687.45 320.00 7.3 15.0 7,838.16 .34
157,502.00 140,001.11 0.00 (11.1) .9 0.00 .00
15,152,352.14 15,290,599.65 63,091.52 .9 100.0 830,567.92 5.43
M2"(7V 1172H
FD403 PAGE 2
RECONCILIATION OF CASH CONSOLIDATED REPORTING SAMPLE 99
NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
BEGINNING SETTLED CASH BALANCE
RECEIPTS
CONTRIBUTIONS
OTHER RECEIPTS
INTEREST COLLECTED
DIVIDENDS COLLECTED - COMMON STOCK
SECURITIES SETTLED IN THIS PERIOD
TOTAL RECEIPTS
DISBURSEMENTS
BENEFIT PAYMENTS
OTHER DISBURSEMENTS
EXPENSES
SECURITIES SETTLED IN THIS PERIOD
TOTAL DISBURSEMENTS
ENDING SETTLED CASH BALANCE
CURRENT PERIOD
YEAR-TO-DATE
FUR T VALUE
COST �FURKET
VALUE
0.00
0.00
0.00
238,554.06
-238,554.06
238,554.06
105,896.88
105,896.88
105,896.88
62,235.22
62,235.22
62,235.22
1,185.99
11185.99
1,185.99
1,626,002.73
1,626,002.73
1,626,002.73
(97,564.70)
(97,564.70)
(97,564.70)
(239,763.08)
(239,763.08)
(239,763.08)
(7,123.16)
l7,123.161
(7,123.16)
(1,689,423.94)
11,689,423.941
(1,689,423.94)
- 0.00
0.00
0.00
F0402
RECONCILIATION OF ASSETS CONSOLIDATED REPORTING SAMPLE PAGE 99
NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
BEGINNING NET ASSETS _
.RECEIPTS zpNS
. kYBUn—EUNf RIBUTION
ROLLOVERCONTRIBUTIONS ON
TOTAL CONTRIBUTIONS
OTMRECEIP TS
ERFURD ANSFER RECEIPTS
RECEIPT OF SECURITY
TOTAL OTHER RECEIPTS
EARNED INCOME
TFURE aTIVED
NET ACCRUED INCOME AS OF
END OF PERIOD
BEGINNING OF PERIOD
TOTAL EARNED INCOME
NET REALIZED GAIN(LOSS)
TOTAL RECEIPTS
CURRENT PER YEARRKET VALUE HARK —TO —DATE
CoSr14,799,771.84 15,327,445.40 0.00
233,986.27 233,986.27 233,986.27
4 567.7 4,567.79 4,567.79
lbb4.Ub
105,896.88 105,896.88 105,896.88
��5�0�_ 6-M 14 916 077.22
63.421.21 63,421.21 63,421.21
63,091.52 63,091.52 63,091.52
(63 418.30) (63,418.301 0.00
.
289,485.87 289,485.87 109,762.19
a
M2 M (7- 147M)
WELLS
FARGO
FD402
RECONCILIATION OF ASSETS
D SSURSEMENTS
BENEFIT MENTS
ERTS-NON PERIODIC
TOTAL BENEFIT PAYMENTS
HER DISBURSE ENTS
TIRTERI!TRANSFER DISBURSEMENTS
TOTAL OTHER DISBURSEMENTS
EXPENSES
UTUVEXPENSES
TOTAL EXPENSES
TOTAL DISBURSEMENTS
NET UNREALIZED GAIN(LOSS) AS OF
END OF PERIOD
BEGINNING OF YEAR
BEGINNING OF PERIOD
CHANGE IN MET UNREALIZED GAIN(LOSS)
138,247.51
0.00
527,673.56
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD
PAGE 4
99
NOVEMBER 30,2000
THROUGH DECEMBER 31,2000
CCOSTURRENT PERIOD YEAR
197 564.7 197 564.701 197 564.701
1239 763.08) 1239 763.08) 1239 763.081
7gS. 6 .
17,123.161 17,123.16) 17 123.161
�Til'F5.16f f7Z33-i6�
(389,426.05) 138,247.51
ENDING NET ASSETS 15,152,352.14 15,290,599.65 15,290,599.65
WELLS
FARGO
FD404
RECONCILIATION OF INCOME
NET INTEREST
INTEREST RECEIVED
ACCRUED INTEREST AT END OF PERIOD
ACCRUED INTEREST AT BEGINNING OF PERIOD
TOTAL NET INTEREST
TOTAL NET INTEREST EARNED
NET DIVIDENDS - COMMON STOCK
DIVIDENDS RECEIVED
ACCRUED DIVIDENDS AT END OF PERIOD
ACCRUED DIVIDENDS AT BEGINNING OF PERIOD
TOTAL NET DIVIDENDS EARNED - COMMON STOCK
TOTAL EARNED INCOME
CONSOLIDATED REPORTING SAMPLE PAGE 99
NOVEMBER 30,2000
BASE CURRENCY: USO THROUGH DECEMBER 31,2000
CURRENT PERIOD YEAR-iO-DATE
o rr��� AINIL�J wi vaco-
- 62,235.22 62,235.22
0.00 62,771.52 62,771.52
15
0.00 162 233.06) 0.00
,
.
68
- 1,185.99 1,185.99
0.00 320.00 320.00
0.00 (1,185.24) 0.00
0.00 63,094.43 126,512.73
WELLS
FARGO
FD433
SUMMARY STATEMENT
OF INVESTMENT HOLDINGS
BY SECURITY CATEGORIZATION
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD
PAGE 6
99
AS OF DECEMBER 31,2000
MARKET
ACCRUED %GAIN
ESTIMATED CURRENT
COST
VALUE
INCOME (LOSS) Z MKT
ANNUAL INCOME YIELD
SETTLED CASH
0.00
0.00
0.00 .0 .0
0.00 .00
RECEIVABLES
63,091.52 -
63,091.52
.0 .4
NET CASH
aW§F.9F-
63109,1.52-a-
T
CASH EQUIVALENTS
SHORT TERM FUNDS
CASH EQUIVALENTS
COMMON STOCK
HEALTH CARE
CONSUMER DISCRETIONARY
INFORMATION TECHNOLOGY
COMMON STOCK
VENTURE CAPITAL
VENTURE CAPITAL
12,793,819.57 12,793,819.57 62,771.52 .0 83.7 822,729.76 6.43
526,235.50 632,500.00 0.00 20.2 4.1 4,296.00 .68
1.354,684.36 1,305,437.45 0.00 (3.6) 8.5 2,262.16 .17
257,019.19 355,750.00 320.00 38.4 2.3 11280.00 .36
157,502.00 140,001.11
0.00 (11.1) .9
0.00 .00
NET ASSETS 15,152,352.14 25,290,599.65 63,091.52 _ .9 100_0 830,567.92 5.43
FD434
SUMMARY STATEMENT
OF INVESTMENT HOLDINGS
BY SECURITY CATEGORIZATION
LIMITED STATES DOLLAR
NET ASSETS
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USO
PAGE 7
99
AS OF DECEMBER 31,2000
MARKET ACCRUED %GAIN ESTIMATED CURRENT
COST VALUE INCOME (LOSS) %PORT ANNUAL INCOME YIELD
15,152,352.14 15,290,599.65 63,091.52 .9 100.0 830,567.92 5.43
15,152,352.14 15,290,599.65 63,091.52 -9 100.0 830,567.92 5.43
1Msuo 17 WImq
INSTITUTIONAL TRUST & CUSTODY
Our mission is to be the best provider of value-added services
in the markets in which we choose to compete.
Request for Proposal
for the
CeCy of Fort Collins
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
Over the past 10 years, substantial resources have been dedicated to systems technology and
enhanced service capabilities. This commitment continues at Wells Fargo under our Strategic
Trust Technology Plan. Wells Fargo continues to focus our development on enhancements that
will allow for a minimum of product parity in the marketplace, as well as capabilities to enable us
to provide outstanding customer service.
New business development, administration and specialist/technical staff will be added consistent
with the level of growth. We will continue our intensive training efforts to ensure that our staff
will fully support the dynamic and changing needs of our clients. Over the next few years,
increasing levels of investment in people and technology are planned.
Our k1sion
Wells Fargo's vision is to be recognized as the premier financial services company and to be
regarded as one of America's great companies. Results show that we are succeeding and will
continue to succeed by keeping focused on our vision to:
➢ be our clients' first choice for financial service and solutions;
➢ create a work environment where all employees are committed individually and as a
team to do their best;
➢ be a company where individual diversity is valued, where contributions are recognized,
and where there's opportunity for personal growth, challenge, reward and fun;
➢ support our communities and promote their long-
term success; and
➢ achieve consistent growth in profits and be
among the very highest in return on equity and
assets.
Our goal at Institutional Trust & Custody is to meet all your
trust and custody needs. We become your single business
partner who understands how each offering relates to the
current market, to all other available options, and to your business needs.
In short, what our broad vision of the trust and custody market brings you is
valuable perspective.
a valuable
perspective)
Institutional Trust & Custody Page 13
FD406
DETAIL STATEMENT OF
ASSETS AND LIABILITIES
**CASH**
UNITED STATES DOLLAR
TOTAL CASH
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USO
LOCAL COST LOCAL MARKET VALUE
BASE COST BASE MARKET VALUE
LOCAL ACCRUAL
BASE ACCRUAL BASE ACCRUAL
MRKT % COST
0.00
0.00
0.00
0 .0
PAGE 8
99
AS OF DECEMBER 31,2000
UNREALIZED GAINILOSSI
CURRENCY
0.00
FD406
PAGE 9
DETAIL STATEMENT OF
CONSOLIDATED REPORTING SAMPLE
99
ASSETS AND LIABILITIES
BASE CURRENCY: USD
AS
OF DECEMBER 31,2000
UNIT COST
SECURITIES *
MARKET PRICE
COST
MARKET VALUE
UNREALIZED GAIN(LOSS)
SHARES/PAR
ACCRUED INCOME
7. MRKT 7. COST
UNITED STATES DOLLAR
CASH EQUIVALENTS
SHORT TERM FUNDS
SHORT TERM INCOME FUND FOR EBT
100.00
RETIREMENT PLANS NET
100.00
12,793,819.57
12,793,819.57
0.00
PF9982000 5201107001
12,793,819.5700
62,771.52
YLD 6.43
84.1 84.8
TOTAL SHORT TERM FUNDS
12.793,819.5700
12,793,819.57
12,793,819.57
0.00
62,771.52
84.1 84.8
TOTAL CASH EQUIVALENTS
12,793,819.5700
12,793,819.57
12,793,819.57
0.00
62,771.52
84.1 84.8
COMMON STOCK
HEALTH CARE
HEALTH CARE EQUIP & SERV
MEDTRONIC INC 1 COM 8 1 TAKEOVER
15.4688
RT EXP: 07-10-01
60.375
37,125.00
144,900.00
107,775.00
585055106 5201107001
2,400
0.00
YLD 0.37
.9 .2
TOTAL HEALTH CARE EQUIP & SERV
2,400
37,125.00
144,900.00
107,775.00
0.00
.9 .2
PHARMACEUTICALS & BIOTECH
PFIZER INC
46.1425
717081103 5201107001
46.00
489,110.50
487,600.00
(1,510.50)
YLD 0.78
10,600
0.00
3.2 3.2
TOTAL PHARMACEUTICALS A BIOTECH
10,600
489,110.50
487,600.00
(11510.50)
0.00
3.2 3.2
FD406
DETAIL STATEMENT OF
ASSETS AND LIABILITIES
r SECURITIES a *
TOTAL HEALTH CARE
CONSUMER DISCRETIONARY
HOTELS/RESTAURANT/LEISURE
DARDEN RESTAURANTS INC CON
237194105 5201107001
YLD 0.34
HOTEL RESERVATIONS INC-CL A
441451101 5201107001
STARBUCKS CORP CON
855244109 5201107001
TOTAL HOTELS/RESTAURANT/LEISURE
RETAILING
HOME DEPOT INC
437076102 5201107001
YLD 0.35
TOTAL RETAILING
TOTAL CONSUMER DISCRETIONARY
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD
UNIT COST
MARKET PRICE COST
SHARES/PAR
13,000 526,235.50
PAGE 10
99
AS OF DECEMBER 31,2000
MARKET VALUE UNREALIZED GAIN(LOSS)
ACCRUED INCOME
'/. MRKT % COST
632,500.00 106,264.50
0.00
4.1 3.5
23.803
22.875
620,663.23
596,465.63
(24,197.60)
26,075
0.00
3.9 4.1
36.9939
28.3750
98,662.79
75,676.13
(22,986.66)
2,667
0.00
.5 .7
47.165
44.25
621.398.88
582,993.75
138,405.13)
13,175
0.00
3.8 4.1
41,917
- 1,340,724.90
1,255,135.51
(85,589.39)
0.00
8.2 8.8
12.6789
45.6875
13,959.46
50,301.94
36,342.48
1,101
0.00
.3 .1
11101
13,959.46
50,301.94
36,342.48
0.00
.3 .1
43,018
1,354,684.36
1,305,437.45
(49,246.91)
0.00
8.5 8.9
Ms (7-nuns)
FD406 PAGE 11
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE 99
ASSETS AND LIABILITIES
BASE CURRENCY: USD AS OF DECEMBER 31,2000
• ■ SECURITIES ■ ■
INFORMATION TECHNOLOGY
TECH HARDWARE 8 EQUIPMENT
CISCO SYS INC
17275R102 5201107001
HEWLETT PACKARD CO
428236103 5201107001
YLD 1.01
TOTAL TECH HARDWARE A EQUIPMENT
TOTAL INFORMATION TECHNOLOGY
TOTAL COMMON STOCK
TOTAL UNITED STATES DOLLAR
TOTAL SECURITIES
UNIT COST
MARKET PRICE COST
SHARES/PAR
17.7438
38.25 106,462.50
6,000
37.6392
MARKET VALUE UNREALIZED GAINILOSSM
ACCRUED INCOME
MRKT % COST
229,500.00 123,037.50
0.00
1.5 .7
31.5625
150,556.69
126,250.00
124,306.69M
4,000
320.00
.8 1.0
10,000
257,019.19
355,750.00
98,730.81
320.00
2.3 1.7
10,000
257,019.19
355,750.00
98,730.81
320.00
2.3 1.7
66,018
2P137,939.05
2, 293,687.45
155,748.40
320.00
15.0 14.1
63,091.52
.
99.1 99.0
12,859,837.5700
14,931,758.62
15,087,507.02
155,748.40
63,091.52
155,748.40
99.1 99.0
0.00
KNELLS
FARGO
FD406
DETAIL STATEMENT OF
ASSETS AND LIABILITIES
* * OTHER ASSETS * *
UNITED STATES DOLLAR
VENTURE CAPITAL
SUNBELT FEDERAL NAY LTD
LIMITED PARTNERSHIP
999904857 5201107001
SUNBELT OKLAHOMA CLASS A
LIMITED PARTNERSHIP
999904873 5201107001
SUNBELT OKLAHOMA CLASS B
LIMITED PARTNERSHIP
999904865 5201107001
TOTAL VENTURE CAPITAL
TOTAL UNITED STATES DOLLAR
TOTAL OTHER ASSETS
PAGE 12
CONSOLIDATED REPORTING SAMPLE
99
BASE CURRENCY: USD
AS
OF DECEMBER 31,2000
UNIT COST
MARKET PRICE
COST
MARKET VALUE
UNREALIZED GAINILOSSU
SHARES/PAR
ACCRUED INCOME
MRKT % COST
157.500.00
140,000.00
157,500.00
140,000.00
(17,500.00)
1
0.00
.9 1.0
1.00
0.57
1.00
0.57
(0.43)
1
0.00
.0 .0
1.00
0.54
1.00
0.54
(0.46)
1
0.00
.0 .0
3
157,502.00
140,001.11
(17,500.89)
0.00
-�
.9 1.0
0.00
(17,500.
.9 1.0
3
157,502.00
140,001.11
(17,500.89)
0.00
(17,500.89)
.9 1.0
0.00
i0.51MJ79 GM)
FD406
DETAIL STATEMENT OF
ASSETS AND LIABILITIES
■ SUMMARY
SECURITIES
RECEIVABLES
OTHER ASSETS
TOTAL NET ASSETS
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USO
SHARES/PAR
12,859,837.5700
3
12,859,840.5700
BASE COST
14,931,758.62
63,091.52
157,502.00
15,152,352.14
BASE MARKET VALUE
MRKT % COST
15,087,507.02
98.7 98.
63,091.52
.4
15,290,599.E
4
FD438
STATEMENT OF
INCOME EARNED BY
SECURITY CATEGORIZATION
UNITED STATES DOLLAR
CASH EQUIVALENTS
SHORT TERM FINDS
SHORT TERM INCOME FUND FOR EBT INCOME
RETIREMENT PLANS NET
PF9982000 EARNED INCOME
62,773.68
SHORT TERM FINDS
INCOME
EARNED INCOME
62,773.68
CASH EQUIVALENTS
INCOME
EARNED INCOME
62,773.68
COMMON STOCK
HEALTH CARE
HEALTH CARE EQUIP A SERV
MEDTRONIC INC 1 CON A 1 TAKEOVER INCOME
- RT EXP: 07-10-01
585055106 EARNED INCOME
0.75
HEALTH CARE EQUIP A SERV
INCOME
EARNED INCOME
0.75
PHARMACEUTICALS A BIOTECH
PFIZER INC
INCOME
717081103 EARNED INCOME
0.00
PHARMACEUTICALS A.BIOTECH
INCOME
EARNED INCOME
0.00
HEALTH CARE
INCOME
EARNED INCOME
0.75
CONSUMER DISCRETIONARY
RETAILING
MS (7 Wl")
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD -
INCOME INTEREST INTEREST
RECEIVED PURCHASED SOLD
PAGE 14
99
NOVEMBER 30,2000
THROUGH DECEMBER 31,2000
BEGINNING ENDING
ACCRUAL ACCRUAL
62,235.22
0.00
0.00
(62,233.06)
62,771.52
62,235.22
0.00
0.00
(62,233.06)
62,771.52
62,235.22
0.00
0.00
(62,233.06)
62,771.52
0.75
0.00
0.00
0.00
0.00
0.75
0.00
0.00
0.00
0.00
954.00
0.00
0.00
(954.00)
0.00
954.00
0.00
0.00
1954.00)
0.00
954.75
0.00
0.00
1954.00)
0.00
WELLS
FARGO
FD438
PAGE 15
STATEMENT OF
CONSOLIDATED REPORTING SAMPLE
99
INCOME EARNED BY
NOVEMBER 30,2000
SECURITY CATEGORIZATION
BASE CURRENCY:
USD
THROUGH
DECEMBER 31,2000
INCOME
INTEREST
INTEREST
BEGINNING
ENDING
RECEIVED
PURCHASED
SOLD
ACCRUAL
ACCRUAL
HOME DEPOT INC
INCOME
88.24
0.00
0.00
(88.241
0.00
437076102 EARNED INCOME
0.00
RETAILING
INCOME
88.24
0.00
0.00
(88.241
- 0.00
EARNED INCOME
0.00
CONSUMER DISCRETIONARY
INCOME
88.24
0.00
0.00
(88.24)
0.00
EARNED INCOME
0.00
INFORMATION TECHNOLOGY
_
TECH HARDWARE & EQUIPMENT
HEMLETT PACKARD CO
INCOME
0.00
0.00
0.00
0.00
320.00
428236103 EARNED INCOME
320.00
INTERNATIONAL BUSINESS MACHS
CORP
INCOME
143.00
0.00
0.00
(143.00)
0.00
CON
459200101 EARNED INCOME
0.00
TECH HARDWARE & EQUIPMENT
INCOME
143.00
0.00
0.00
(143.00)
320.00
EARNED INCOME
320.00
INFORMATION TECHNOLOGY
INCOME
143.00
0.00
0.00
(143.001
320.00
EARNED INCOME
320.00
COMMON STOCK
INCOME
1,185.99
0.00
0.00
11,185.241
320.00
EARNED INCOME
320.75
TOTAL UNITED STATES DOLLAR
INCOME
�W
-, .30'j
6�6�rTr
EARNED INCOME.
63,094.43
TOTAL ACCOUNT
INCOME
63,421.21
0.00
0.00
(63,418.30)
63,091.52
EARNED INCOME
63,094.43
F0424
STATEMENT OF
INCOME EARNED BY
SECURITY CATEGOR
CURRENCY
DESCRIPTION
TOTAL CURRENCIES
TOTAL NET ASSETS
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD
LOCAL AMOUNT BASE COST
PAGE 16
99
AS OF DECEMBER 31,2000
OF TOTAL
BASE MARKET NET ASSETS
15,290,599.65
FD409 PAGE 17
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE 99
PURCHASE TRANSACTIONS NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
TRD DATE SECURITIES PURCHASED SHARES/PAR
STL DATE
TRANSACTIONS EFFECTIVE AND SETTLED WITHIN THE CURRENT PERIOD:
UNITED STATES DOLLAR
SHORT TERM INCOME FUND FOR EBT BUY 1,689,423.9400
RETIREMENT PLANS NET PF9982000
TOTAL UNITED STATES DOLLAR
TOTAL TRANSACTIONS EFFECTIVE AND SETTLED WITHIN THE CURRENT PERIOD
TOTAL TRANSACTIONS THAT SETTLED WITHIN THE CURRENT PERIOD
TOTAL TRANSACTIONS EFFECTIVE IN THE PERIOD
0.00 COHM 0.00 FEE
PRINCIPAL PURCHASED INTEREST
(1,689,423.94) 0.00
�r
(1,689,423.94) 0.00
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P--807 Odober72, 2001
b. Describe the Provider's commitment to the custodial services business.
Commitment to Our Clients
Wells Fargo Institutional Trust Group's number one initiative is to achieve 25% of company
earnings. As part of the Institutional Trust Group, Institutional Trust & Custody's strategy is to
deploy the best people in the industry, in partnership with our banks, to meet all of our customers'
investment needs. This is a bold commitment, but one that is being aggressively pursued via new
product development and core and peripheral
technology investments. We are committed to hiring,
training, and retaining the best work force in the
industry. Dick Kovacevich, President and CEO of
Wells Fargo & Company, was quoted: "We expect
that Institutional Trust & Custody will be one of our
most rapidly growing businesses over the next five
years. We've built a solid reputation in this business
and plan to further our commitment through strategic
investments in technology and people. "
Over the next five years, Institutional Trust & Custody
expects to grow top -line revenue by at least 20% per year, and overall profitability by at least
15% per year. Our diverse products, geography, and our talented team members continue to
produce outstanding results.
As previously mentioned, our Institutional Trust & Custody product line provides a full array of
sophisticated services to meet the varied needs of public entities, Corporate qualified and non -
qualified plans/assets, government groups, Endowment and Foundation funds, Taft -Hartley
Funds, Insurance, Healthcare, Collateral Valuation, Operating funds, Family Investment
companies, Investment Advisors and Mutual Funds. These services include domestic and global
custody, accounting and reporting, domestic and global securities lending, performance
measurement and analysis, asset and liability modeling systems, benefit payments, online
portfolio and payment workstations, and cash and investment management services.
Institutional Trust & Custody's aim is to "Out Local the Nationals
and Out National the Locals". We are succeeding by staying close to
our customers, understanding their needs, and providing professional,
personalized, timely service.
Your Institutional Trust & Custody Service Team will include a
Relationship Manager to ensure your satisfaction with the overall
service you receive. They serve as a point of contact to service your
relationship, an advocate within our company for your needs and
We want to be
our customers'
rrst choice
jor financial
service and
solutions!
perspective, and a committed member of the team. Your Service Team will also include an
Administrator and an Accountant. Other team members may include Client Service Specialists
and Technical Analysts, depending upon your needs. Relationships are assigned among our
teams based on the type of relationship, size of the accounts, complexity of the accounts, and
geographic location. Each Institutional Trust & Custody Relationship Manager has specific
expertise in the industry segment of their customers. Wells Fargo Institutional Trust & Custody
maintains its central administration, trust operations, technology support, and senior management
functions in Minneapolis, Minnesota.
Institutional Truss & Custody Page 14
FD410 PAGE 18
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE - 99
SALE TRANSACTIONS NOVEMBER 30,2000
BASE CURRENCY: USO THROUGH DECEMBER 31,2000
TRD DATE ■ SECURITIES SOLD ■
STL DATE
COST
PROCEEDS REALIZED GAIN(LOSS)
INTEREST
SHARES/PAR
TRANSACTIONS EFFECTIVE IN A PRIOR PERIOD
THAT
SETTLED.
WITHIN THE
CURRENT PERIOD:
UNITED STATES DOLLAR
HOME DEPOT INC
14,010.17
43,212.34
29,202.17
437076102
0.00
SELL 88.40 COMM 0.080/SHR
1.45
FEE
1,105
HOTEL RESERVATIONS INC-CL A
98,699.78
73,528.95
(25,170.83)
441451101
0.00
SELL 213.44 COMM 0.080/SHR
2.46
FEE
2,668
PROFESSIONAL DETAILING INC CON
307,120.50
355,214.78
48,094.28
74312NI07
0.00
SELL 214.00 COMM 0.080/SHR
11.85
FEE
2,675
TYCOM LTD
577,976.52
346,127.22
(231,849.30)
G9144BI06
0.00
SELL 1,111.20 COMM 0.080/SHR
11.58
FEE
13,890
TOTAL UNITED STATES DOLLAR
,
,
,
0.00
TOTAL TRANSACTIONS EFFECTIVE IN A PRIOR
PERIOD THAT SETTLE MITHIN
,
997,806.97
818,083.29
(179,723.681
0.00
0.00
TRANSACTIONS EFFECTIVE AND SETTLED MITHIN THE
CURRENT
PERIO0:
UNITED STATES DOLLAR
CELESTICA INC
79,258.08
380,684.53
301,426.45
1510IQ108
0.00
SELL 528.00 COMM 0.080/SHR
12.71
FEE
6,600
INTERNATIONAL BUSINESS MACHS CORP
132,055.00
96,571.27
(35,483.73)
CON _
0.00
SELL 459200101
1,100
88.00 COMM 0.080/SHR
3.23
FEE
PROFESSIONAL DETAILING INC CON
307,120.49
330,663.64
23,543.15
74312NI07
0.00
SELL 214.00 COMM 0.080/SHR
11.03
FEE
2,675
-
TOTAL UNITED STATES DOLLAR
,
,
0.00
mstwm0- 14730
F0410 PAGE 19
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE 99
SALE TRANSACTIONS NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
TRO DATE ■ SECURITIES SOLD ■ ■
STL DATE
SHARES/PAR
COST
TOTAL TRANSACTIONS EFFECTIVE AND SETTLED WITHIN THE CURRENT PERIOD
518,433.57
TOTAL TRANSACTIONS THAT SETTLED WITHIN THE CURRENT PERIOD
1,516,240.54
PROCEEDS REALIZED GAIN(LOSS)
INTEREST
807,919.44
0.00
1,626,002.73
0.00
289,485.87
0.00
109,762.19
0.00
TOTAL TRANSACTIONS EFFECTIVE IN THE PERIOD 289,485.87
518.433.57 807,919.44 289,485.87
830.00 COMM 26.97 FEE 0.00 0.00
FD42920
DETAIL STATEMENT OF INCOME RECEIVED CONSOLIDATED REPORTING SAMPLE - PAGE 99
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
DATE RECD
PAY DATE INTEREST INCOME
UNITED STATES DOLLAR
12/01/00
12/01/00
PF9982000 5201107001
INTEREST RECEIVED
SHORT TERM INCOME FUND FOR EST
RETIREMENT PLANS NET
INTEREST FROM 11/1/00 TO 11/30/00
SUB TOTAL UNITED STATES DOLLAR
TOTAL INTEREST INCOME
GROSS AMOUNT WITHHOLDING TAX NET AMOUNT REALIZED GAIN(LOSS)
62,235.22
0.00 62,235.22
Lr -
F0429
DETAIL STATEMENT OF INCOME RECEIVED
DATE RECD
PAY DATE DIVIDEND INCOME
UNITED STATES DOLLAR
12/14/00
12/14/00
437076102 5201107001
DIVIDEND RECEIVED
HOME DEPOT INC
12/11/00
12/11/00
459200101 5201107001
DIVIDEND RECEIVED
INTERNATIONAL BUSINESS MACHS CORP
CON-
12/20/00
12/20/00
585055106 5201107001
REDEMPTION
MEDTRONIC INC 1 CON A 1 TAKEOVER
RT EXP: 07-10-01
12/07/00
12/07/00
717081103 5201107001
DIVIDEND RECEIVED
PFIZER INC
SUB TOTAL UNITED STATES DOLLAR
TOTAL DIVIDEND INCOME
TOTAL INCOME RECEIVED
PAGE 21
CONSOLIDATED REPORTING SAMPLE 99
NOVEMBER 30,2000
BASE CURRENCY: USO THROUGH DECEMBER 31,2000
GROSS AMOUNT NITHHOLDING TAX NET AMOUNT REALIZED GAINILOSSI
88.24 0.00 88.24 -
143.00 0.00 143.00 -
0.75 0.00 0.75 -
954.00 0.00 954.00 -
rl rog
--w
1,185.99
63,421.21
. 0. S6
63,421.21 0.00
FD411 PAGE 22
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE 99
CONTRIBUTIONS AND OTHER. RECEIPTS NOVEMBER 30,2000
BASE CURRENCY: USO THROUGH DECEMBER 31,2000
DATE
DESCRIPTION
CONTRIBUTIONS
EMPLOYEE CONTRIBUTION
22/06/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 99097 CHECK DATE 12/8/00
5201107000
12/07/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL #1013 PAYROLL WE 11/29/00
5201107000
12/07/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 81015 PAYROLL WE 21/29/00
5201107000
22/07/00
ADDITION TOACCOUNT
EMPLOYEE CONTRIBUTION
GL 91018 PAYROLL WE 11/29/00
5201207000
22/07/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL #6069 PAYROLL WE 12/29/00
5201207000
12/13/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL *9097 DATE 22/15/00
5201107000
12/20/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL #1013 PAYROLL WE 12/6/00
5202107000
12/20/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91015 PAYROLL WE 12/6/00
5201107000
12/20/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91028 PAYROLL WE 12/6/00
5201107000
24,664.32
6,362.86
870.28
674.92
85.00
88,868.11
1,108.53
190.11
175.96
Ms 0- IWM)
FD411
PAGE 23
DETAIL STATEMENT OF -CONSOLIDATED REPORTING SAMPLE NOVEMBER 30,20009
CONTRIBUTIONS AND OTHER RECEIPTS
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
DATE
DESCRIPTION
12/20/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 16069 PAYROLL WE 12/6/00
5201107000
12/20/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GLi9097 CHECK DATE 12/22/00
5201107000
12/26/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91013 PAYROLL WE 12/13/00
5201107000
12/26/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91015 PAYROLL WE 12/13/00
5201107000
12/26/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91018 PAYROLL WE 12/13/00
5201107000
12/26/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 96069 PAYROLL WE 12/13/00
5201107000
12/28/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL #9097 CHECK DATE 12/28/00
5201107000
12/29/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91013 PAYROLL WE 12/20/00
5201107000
12/29/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL 91015 PAYROLL WE 12/20/00
5201107000
85.00
21,089.92
6,217.69
298.65
679.07
105.00
81,002.15
1,062.65
184.20
F0411 PAGE 24
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE 99
CONTRIBUTIONS AND OTHER RECEIPTS NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
DATE
DESCRIPTION
12/29/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL $1O18 PAYROLL WE 12/20/00
5201107000 -
12/29/00
ADDITION TO ACCOUNT
EMPLOYEE CONTRIBUTION
GL #6O69 PAYROLL N/E 12/20/00
5201107000
TOTAL EMPLOYEE CONTRIBUTION
ROLLOVER CONTRIBUTION
12/05/00
ADDITION TO ACCOUNT
ROLLOVER CONTRIBUTION
GL $9O97 FBO: CECILIA SAMPLE SS 555-55-5555
5201107000
12/06/00
DISBURSEMENT FROM ACCOUNT
DIRECT ROLLOVER
KEITH TATUM
DIRECT R/O-RETIREMENT BENEFITS
5201107000
12/20/00
ADDITION TO ACCOUNT
ROLLOVER CONTRIBUTION
FBO: CECILIA SAMPLE SS 555-55-5555
5201107000
TOTAL ROLLOVER CONTRIBUTION
TOTAL CONTRIBUTIONS
OTHER RECEIPTS
INTERFUND TRANSFER RECEIPTS
12/01/00
5201107000
176.85
85.00
400.58
(112O9.O2)
5,376.23
47,1967.79
7,123.16
M21 (7- 107N)
WELLS
• FARGO
FD411
DETAIL STATEMENT OF
CONTRIBUTIONS AND OTHER RECEIPTS
DATE
12/18/00
12/26/00
CONSOLIDATED REPORTING SAMPLE
DESCRIPTION
ADDITION TO ACCOUNT
INTERACCOUNT TRANSFER
PAID FROM 5201107002
TO FUND LUMP SUM DISTRIBUTIONS
5201107000
ADDITION TO ACCOUNT
INTERACCOUNT TRANSFER
PAID FROM 5201107002
TO FUND 1 MINIMUM DISTRIBUTION
S201107000
TOTAL INTERFUND TRANSFER RECEIPTS
TOTAL OTHER RECEIPTS
BASE CURRENCY: USD
PAGE 25
99
NOVEMBER 30,2000
THROUGH DECEMBER 31,2000
97,055.42
1,718.30
FD411
DETAIL STATEMENT OF -
CONTRIBUTIONS AND OTHER RECEIPTS
■ r SUMMARY *
CONTRIBUTIONS
OTHER RECEIPTS
PAGE 26
CONSOLIDATED REPORTING SAMPLE 99
BASE CURRENCY: USD THROUGH DEMBER 31,2000
EMPLOYEE CONTRIBUTION 233,986.27
ROLLOVER CONTRIBUTION 4,567.79
TOTAL CONTRIBUTIONS 238,554.06
INTERFUID TRANSFER RECEIPTS
TOTAL OTHER RECEIPTS
TOTAL ACCOUNT
105,896.88
105,896.88
344,450.94
tvsMop0-ssimul
F0412 PAGE 27
DETAIL STATEMENT OF BENEFIT PAYMENTS CONSOLIDATED REPORTING SAMPLE 99
AND OTHER DISBURSEMENTS NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
DATE
DESCRIPTION
BENEFIT PAYMENTS
BENEFIT PAYMENTS -NON PERIODIC
12/04/00
ADDITION TO ACCOUNT
REDEPOSIT-NON PERIODIC PAYMENT
KEITH SAMPLE CANCEL $7067946 DTD 7/26/00
5201107000
12/19/00
DISBURSEMENT FROM ACCOUNT
DEATH BENEFIT
COURTNEY SAMPLE
DEATH BENEFIT
5201107000
12/19/00
- DISBURSEMENT FROM ACCOUNT
DEATH BENEFIT
MATHEW SAMPLE
DEATH BENEFIT
5201107000
- 12/19/00
DISBURSEMENT FROM ACCOUNT
TERMINATION BENEFIT
MARK SAMPLE
TERMINATION BENEFIT
5201107000
12/28/00
DISBURSEMENT FROM ACCOUNT
MINIMUM REQUIRED DISTRIBUTION
SAMPLE
70 1/2 MINIMUM DISTRIBUTION
5201107000
TOTAL BENEFIT PAYMENTS -NON PERIODIC
TOTAL BENEFIT PAYMENTS
OTHER DISBURSEMENTS
INTERFUlD TRANSFER DISBURSEMENTS
12/05/00 DISBURSEMENT FROM ACCOUNT
INTERACCOUMT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL 9097 FBO: CECILIA SAMPLE SS 555-55-5555
5201107DOO
11209.02
148,216.96)
(48,216.96)
(621.501
(1,718.30)
197,564.70)
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
We have two guiding principles in providing a superior customer experience.
First, we make every decision with the customer experience in mind,
and second, we execute it to perfection.
We want to be known:
➢ by our customers for outstanding service, sound financial advice and a broad
product line that helps them succeed financially;
➢ by our team members as a great place to work, as a company that cares and
fosters effective two-way communication; and
➢ by our communities as an active leader in economic development, services that
promote economic self-sufficiency, education, the arts and spirited
volunteerism.
"Caring for our customers, each other,
and our communities will make the
difference!"
Delivering you timely,
customized, coordinated,
innovative solutions!
Timely Solutions for our Clients
Your Service Team, dedicated specialists so attuned to your
way of doing business that they become an extension of your own
staff, understand your business and your needs. Together, they
create solutions that are customized, coordinated, innovative and
yes, timely. We will continue to improve our systems to better
meet technological and client service needs. We leverage
integrated technologies that serve our common internal and
external users. At every level, custody is a partnership business.
Advanced Technology & Instant Answers
We've taken a comprehensive, systematic approach to trust
technology to produce answers that are not just instant, but
reliable, meaningful and easily accessible.
➢ Our core trust system shows real-time, up-to-the-minute
cash and security balances in all trust accounts.
➢ Our online reporting, analysis and payment products
bring portfolio data directly to your PCs.
➢ Our dedicated technology group can create custom
interactive solutions. Our support staff works with and
trains your people to help them get the most out of our
technology.
We have found the best
way to get instant answers
is to ask the right
questions and take the
right actions before the
instant arrives!
Institutional Trust & Custody's budget annually reinvests 10-15% of its revenues into its systems
and PC -based technology as part of our Strategic Trust Technology and Business Plans. Annual
upgrades and enhancements to our peripheral and core systems account for approximately 75% of
Institutional Trust & Custody annual systems expenditures.
Insdtudonal Trust & Custody Page is
FD412 PAGE 28
DETAIL STATEMENT OF BENEFIT PAYMENTS CONSOLIDATED REPORTING SAMPLE 99
AND OTHER DISBURSEMENTS - NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
DATE
DESCRIPTION
12/06/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT • 5201107002
GL 99097 CHECK DATE 12/8/00
5201107000
12/08/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
TRANSFER BALANCE.
5201107000
12/13/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL #9097 DATE 12/15/00
5201107000
12/20/00
i[ REVERSAL
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
TRANSFER BALANCE.
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 8 5201107002
GL 99097 FBO: CECILIA SAMPLE SS 555-55-5555
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
GL 91018 PAYROLL WE 11/29/00
5201107000
(24,664.32)
17,993.06)
(88,868.11)
7,993.06
(5,376.23)
(674.921
F0412
DETAIL STATEMENT OF BENEFIT PAYMENTS CONSOLIDATED REPORTING SAMPLE
AND OTHER DISBURSEMENTS
BASE CURRENCY: USO
DATE
DESCRIPTION
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
GL 1018 PAYROLL WE 12/6/00
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 0 5201107002
GL 9097 CHECK DTD 12/22/00
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL 1013 PAYROLL WE 12/6/00
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
GL 6069 PAYROLL WE 12/6/00
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL 01013 PAYROLL WE 11/29/00
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL #6069 PAYROLL WE 11/29/00
5201107000
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002 -
ACCOUNT 9 5201107002
GL 1015 PAYROLL WE 12/6/00
5201107000
PAGE 29
99
NOVEMBER 30,2000
THROUGH DECEMBER 31,2000
(175.96)
(21,089.921
(1,108.53)
(85.00)
(6,362.86)
(85.00)
(190.111
WELLS
FARGO
FD412
DETAIL STATEMENT OF BENEFIT PAYMENTS
AND OTHER DISBURSEMENTS
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD
DATE
DESCRIPTION
12/20/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL #1015 PAYROLL WE 11/29/00
5201107000
12/28/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
GL 89097 CHECK DATE 12/28/00
5201107000
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT S 5201107002
GL #1018 PAYROLL WE 12/13/00
5201107000
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL #1013 PAYROLL WE 12/13/00
5201107000
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 8 5201107002
GL #6069 PAYROLL WE 12/13/00
5201107000.
12/29/00
DISBURSEMENT FROM ACCDUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 8 5201107002
GL 91015 PAYROLL WE 12/13/00
5201107000
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT 9 5201107002
GL 81015 PAYROLL WE 12/20/00
5201107000
PAGE 30
99
NOVEMBER 30,2000
THROUGH DECEMBER 31,2000
(870.28)
(81,002.15)
(679.07)
(6,217.69)
(105.00)
(298.65)
(184.201
F0412 - PAGE 31
DETAIL STATEMENT OF BENEFIT PAYMENTS CONSOLIDATED REPORTING SAMPLE 99
AND OTHER DISBURSEMENTS NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
DATE
DESCRIPTION
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUNT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL 96069 PAYROLL WE 12/20/00
5201107000
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUTT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL 91018 PAYROLL WE 12/20/00
5201107000
12/29/00
DISBURSEMENT FROM ACCOUNT
INTERACCOUTT TRANSFER
PAID TO 5201107002
ACCOUNT i 5201107002
GL #1013 PAYROLL WE 12/20/00
5201107000
TOTAL INTERFUND TRANSFER DISBURSEMENTS
TOTAL OTHER DISBURSEMENTS
(85.00)
(176.85)
(1,062.65)
(239,763.081
7R 2M(79 1477q
FD412
DETAIL STATEMENT OF BENEFIT PAYMENTS
AND OTHER DISBURSEMENTS
* * SUMMARY • ■
BENEFIT PAYMENTS
OTHER DISBURSEMENTS
CONSOLIDATED REPORTING SAMPLE
BASE CURRENCY: USD
BENEFIT PAYMENTS -NON PERIODIC
TOTAL BENEFIT PAYMENTS
INTERFUND TRANSFER DISBURSEMENTS
TOTAL OTHER DISBURSEMENTS
TOTAL ACCOUNT
PAGE 32
99
NOVEMBER 30,2000
THROUGH DECEMBER 31,2000
(97,564.70)
(239,763.08)
(337,327.78)
FD435-
DETAIL STATEMENT OF
EXPENSES INCURRED
TRD DATE DESCRIPTION
STL DATE
12/01/00 'OTHER EXPENSES
12/01/00
5201107000
TOTAL OTHER EXPENSES
PAGE 33
CONSOLIDATED REPORTING SAMPLE 99
NOVEMBER. 30,2000
BASE CURRENCY: USO THROUGH DECEMBER 31,2000
ACTUAL PAYMEMF
BEGINNING ACCRUAL ENDING ACCRUAL INCURRED
17,123.16)
0.00 0.00
(7,123.161
0.00 0.00
(7,123.16)
(7,123.16)
iB 21 (7"f103q
FD435
DETAIL STATEMENT OF
EXPENSES INCURRED
* * SUMMARY * *
OTHER EXPENSES
TOTAL ACCOUNT
PAGE 34
CONSOLIDATED REPORTING SAMPLE 99
NOVEMBER 30,2000
BASE CURRENCY: USO THROUGH DECEMBER 31,2000
ACTUAL PAYMENT
BEGINNING ACCRUAL ENDING ACCRUAL INCURRED
(7,123.16)
0.00 0.00 (7,123.16)
(7,123.16)
0.00 (71123.16)
F0422 PAGE 35
DETAIL STATEMENT OF CONSOLIDATED REPORTING SAMPLE 99
ACTIVITY BY BROKER NOVEMBER 30,2000
BASE CURRENCY: USD THROUGH DECEMBER 31,2000
■ SUMMARY * *
TRADES
COM /SHR
% OF TOTAL
PRINCIPAL
COMMISSION
FEES
ONEIL WILLIAM 8 CO. INC. / BCC
1
.080
10.60
96,662.50
88.00
3.23
SECOND STREET SECURITIIES, INC
2
.080
89.40
712,113.91
742.00
23.74
TOTAL COMMISSIONS FOR CURRENT PERIOD
3
.080
100.00
808.776.41
830.00
26.97
COMM/SHR ONLY INCLUDES TRADES WITH COMMISSIONS
Institutional Trust & Custody
Sample Report
MInstitutional Trust & Custody
WELLS FARGO
Cash Balance Report
By Account
WELLS FARGO INTERNAL CEO USERS
Account: 15555555 ACCOUNT E - BALANCED
FUND
Income Cash
OPENING CASH
$2,430,283.15
TODAY'S ACTT V ITY
$817.50
TOTAL CASH
$2,431,100.65
Account Asset ID
15555555 ACCOUNT E - BALANCED FUND VP7000046
TOTAL CASH SWEEP
GRANDTOTAL
Financial Reporting
From Previous Business Day 02/27/2001
02/28/2001 05:36:59 PM EST
Principal Cash
Net Cash
($2,430,283.15)
$.00
$.00
$817.50
($2,430,283.15)
$817.50
Cash Sweep Market Value
WELLS FARGO CASH INVESTMENT MONEY $243,673.14
$243,673.14
$244,490.64
END OF REPORT
Page I
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 71,1001
In summary, our clients seek a business partnership with Wells Fargo for technology, service,
longevity, flexibility, capacity, financial strength, and the ability to provide creative, proactive
solutions to their changing investment needs
2. Financial Information
a. The City requires a Provider that is family strong and able to provide these custodial
services on an uninterrupted basis. Foremost in any system must be safety of assets and
accuracy of information with provision for an adequate audit trail. In order to fulfill the
City's fiduciary responsibility to protect public funds, all proposals will include, as part of
the proposal:
(1) audited financial statements for the most recent fiscal year
(2) if the Provider is owned by a holding company, financials must also be provided for
the holding company, and
(3) if a bank, the most recent call reports must be supplied.
Audited financial statements and call reports are included along with this proposal
b. Please provide a statement regarding any recent or anticipated merger, acquisition, or
charter change affecting the Provider.
Wells Fargo Corporation regularly explores opportunities for acquisitions of financial institutions
and related businesses. In regard to information pertaining to future acquisitions, management of
the corporation does not make public announcement about an acquisition opportunity until a
definitive agreement has been signed.
Over the past two years we have made over 30 banking acquisitions, growing assets by over $16
billion. Our November 1998 merger of Norwest Corporation and Wells Fargo & Company
increased our assets to $218 billion dollars, positioning Wells Fargo as the 7th largest bank
holding company and 3rd most valuable in market capitalization at $66 billion. This merger
brought together two high performing companies with complementary businesses, products,
technology, markets and clients.
As of June 30, 2001, our assets have increased to $290 billion, positioning Wells Fargo as the 4th
largest bank holding company and 4th most valuable in market capitalization at $80 billion. We
have 5,400 locations in all 50 states and internationally with over 120,000 employees. We
continue to offer unparalleled benefits in convenience and products for our clients.
C. If the potential Provider is a bank, the City requires a minimum of a "green" VERIBANC
rating. Please state your current VERIBANC rating and any other ratings of note. Banks
that do not meet the minimum criteria but desire to submit a proposal must include a
written Justification for Consideration. A written Justification for Consideration does not
obligate the selection committee to consider the proposal of a bank that does not meet the
minimum criteria.
Wells Fargo Bank West, N.A. currently has a VERIBANC rating of green'■■ which is the
highest rating possible.
Institutional Trust & Custody Page 16
I!AWgS27-33CI4P
Market/Cost Value Comparison Report
Financial Reporting
By Industry Class
From Previous
Business
Day 02/27/2001
WELLS FARGO INTERNAL CEO USERS
02/28/2001 05:44:10
PM EST
Account: 12222222
ACCOUNT B - FIXED INCOME
" = Trade or Other Activity
Pending
Maturity Market Fed
Gain/Loss
S & P
Moody's
Units in
Encumbrd
Asset ID
Units Date Value Tax Cost
Amount
%
Rating
Rating
Transition
Units
NET CASH
NET CASH
.0000 $.00 $.00
$.00
.00
.0000
.006
U.S. DOLLARS
SUBTOTAL
.0000 $.00 $.00
S.00
.00
.0000
.00
CASH SWEEP
PROPRIETARY FUNDS
V114500022
522,293.5900 $522,293.59 $522,293.59
$.00
.00
.0000
.00
WELLS FARGO CASH INVESTMENT MONEY MARKET SVC CLASS
SUBTOTAL
522,293.5900 $522,293.59 $522,293.59
S.00
.00
.0000
.00
CORPORATE BONDS
CORPORATE BONDS
345397KI23
2,000,000.0000 03/15/2005 $2,092,480.00 $2,019,820.00
$72,660.00
3.60
A
A2
.0000
.00
FORD MTR CR CO NT DTD 03/28/95
345397SG9
1,000,000.0000 01/12/2009 $918,760.00 $996,620.00
($77,860.001
(7.80
A
A2
.0000
.00
FORD MOTOR CRED DTD 01/12/99 5.800 01/12/2009
552673AV7
2,000,000.0000 08/15/2006 $1,978,020.00 $1,972,920.00
$5,100.00
.26
A-
A3
.0000
.00
MCI COMMUNICATIONS CORP DTD 08/09/96
74_1651 CF7
2,000,000.0000 04/30/2004 $2,108,440.00 $2,125,154.00
($16,714.00
(.79)
AAA
AAA
.0000
.00
PRIVATE EXPT FDG CORP DTD 04/30/97 7.0100
760719BAI
2,000.000o000 10/15/2008 $1,911,440.00 $1,787,160.00
$124,280.00
6.95
A
A2
.0000
.00
REBUPLIC N Y CORP SUB NT DTD 10/21/93
780097AB7
1,500,00"000 02/01/2011 $1,474,755.00 $1,468,845.00
$5,910.00
.40
A
Al
.0000
.00
ROYAL BK SCOTLAND GROUP PLC DTD 01/29/96
957526AB2
2,000,000.0000 " 01/15/2009 $1,954,900.00 $2,022,300.00
($67,400.00
(3.33)
AA+
AAI
.0000
1,250,000.00
W ESTDEUTSCHE LANDESBK NY DTD 01/13/99 6.050
01/15/2009
97665613M9
2,000,000,0000 11/15/2006 $2,028,820.00 $2,070,100.00
($41,280oCk
(1.99)
A+
AA3
.0000
.00
WISCONSIN ELEC PWR CO SUB NT DTD 11/15/96
98411 MA 114
L500,000.0000 05/15/2002 $1,226,250.00 $1,473,915.00
($247,ot, 3.00
(16.8%
BBB-
BAI
.0000
.00
XEROX CAP EUROPE PLC DTD 05/13/99 5.750 05/15/2002
MEDIUM TERM NOTES
06412KAAO
2150,000.0000 02/15/2008 $2,093,455.00 $2,134,756.50
($41,301.5Q
(L93)
A
AA3
.0000
.00
BANK ONE TEX N.A. MED TERM NOTE SER BKNT
TRANCIIENSB 00001
Page I
WELLS FARGO
Market/Cost Value Comparison Report
By Industry Class
WELLS FARGO INTERNAL CEO USERS
Account: 12222222 ACCOUNT B - FIXED INCOME
` = Trade or Other Activity Pending
Maturity Market Fed Gain/Loss
Asset ID Units Date Value Tax Cost Amount
27746QAB0 2,200,000.0000 • 06/15/2005 $2,225,564.00 $2,197,404.00 $28,160.00 1.28
EASTMAN KODAK CO MED TERM NTS # TR 00002 DTD 06/22/00 7.250
Financial Reporting
From Previous Business Day 02/27/2001
02/28/2001 05:44:10 PM EST
S & P Moody's Units in Encumbrd
Rating Rating Transition Units
A+ A2 .0000 2,200,000.00
SUBTOTAL
20,350,000.0000 $20,012,884.00 $20,268,994.50
($256,110.510)
(1.2t)
.0000
3,450,000.00
USGOVERNMENT
US TREASURY NOTES AND BONDS
9128273V2
4,200,000.0000 • 01/31/2003 $4,270,224.00 $4,249,85590
$20,368.10
.48
AAA
AAA
.0000
4,009,000.00
U S TREASURY NOTES DTD 01/31/98 5.5000
9128275MO
2,000,000.0000 ` 08115/2004 $2,080,940.00 $1,950,000.00
$130,940.00
6.71
AAA
AAA
.0000
1,990,000.00
U S TREASURY NOTE DTD 08/15/99 6.000 08/15/2004
9128275NS
7,100,000.0000 . 0811512009 $7,551,489.00 $7,118,242.17
$433,246.93
6.09
AAA
AAA
.0000
7,100,000.00
U S TREASURY NOTE DTD 08/15/99 6.000 08/15/2009
SUBTOTAL
13,300,000.0000 $13,902,653.00 $13,318,098.07
$584,554.93
4.39
.0000
13,099,000.00
FEDERAL AGENCY
GOVERNMENT AGENCIES
3134A ISP6
2,000,000.0000 x 04/10/2007 $2,162,180.00 $2,066,640.00
$95,540.00
4.62
SP-2
AAA
.0000
1,965,000.00
FED HOME LN MTG CORP DTD 04/10/97 7.100 04/10/2007
3134A2U75
4,300,000,0000 ` 10/15/2008 $4,162,271.00 $4,261,859.00
($99,588.0,4
(2.34)
SP-2
AAA
.0000
4,250,000.00
•
FED HOME LN MTG CORP DTD 10/13/98 5.125 10/15/2008
31359MEK5
4,200,000.0000 - 01/15/2009 $4,084,500.00 $4,095,632.00
($11,132.00
(.27)
N/A
AAA
.0000
4,050,000.00
FED NATL MTG ASSN DTD 01/11/99 5.250 01/15/2009
GOVERNMENT MEDIUM
TERM NOTES
31364GGP8
2,500,000,0000 11/17/2003 $2,525975.00 $2,375,000.00
$150,975.00
6.36
AAA
AAA
.0000
.00
FED NATL MTG ASSN MF.D TERM NOTE DTD 11/17/98 5.520 11/17,2003
SUBTOTAL 13,000,000.0000 $12,934,926.00 $12,799,131.00 $135,795.00
1.06
.0000
10,265,000.00
MORTGAGE/ASSET-BACKED SECURITIES
US GOVERNMENT MORTGAGE POOL
31344PNH3 139.4900 12/01/2016 $147.07 $149.20 ($2.13)
(1.43)
.0000
.00
FED HOME LN MTG CORP POOL 0284892 DTD 01/01/87
36202CY72 3,890,689,4300 0120/2028 $3,871,235.98 $3,864,548.88 $6,687.10
.17
.0000
.00
LOW NATL MTG ASSN POOL 4002534 DTD 01/20/28
36209FPC7 2,900,000.4100 05/15/2029 $2,938,947.42 $2,933,984.79 $4,962.63
.17
.0000
.00
GOVT NATL MTG ASSN POOL #470319 DTD 05/01/99 7.000 05/15/2029
Page 2
WELLS FAROO
Market/Cost Value Comparison Report
By Industry Class
WELLS FARGO INTERNAL CEO USERS
Account: 12222222 ACCOUNT B - FIXED INCOME
' = Trade or Other Activity Pending
Maturity Market Fed Cain/Loss
Asset ID
Units Date Value Tax Cost Amount
%
36211 LLY6
3,449,135.8500 09/15/2029 $3,495,457.74 $3,451,291.56 $44,166.18
1.28
GOVT NATL MTG ASSN POOL #516143 DTD 09/01/99 7.000 09/15/2029
36212JW28
5,933.0600 09/15/2030 $6,072.07 $5,964.58 $107.49
1.80
GOVT NATL MTG ASSN POOL #535635 DTD 09/01/00 7.500 09/15/2030
36225AD8
2,766,241.8300 04/15/2028 $2,804,277.66 $2,812,057.74 ($7,780.01)
(.28)
GOVT NATL MTG ASSN POOL 4780777 DTD 04/01/98 7.000 04/15/2028
CORPORATE BACKED OBLIGATION
29088XAY7
3,000,000.0000 03/15/2013 $3,038,670.00 $3,000,000.00 $38,670.00
1.29
EMERGENT SER 98-1 CL A3 DTD 03/24/98
674135DK1
617,299.2900 07/15/2011 $616,996.81 $617,112.77 ($115.9*
(.02)
OAK WOOD MTG INVS INC SERIES 1998-B CLASS A2 DTD 05/01/98
69347BAD4
500,000.0000 01/25/2002 $501,210.00 $500,000.00 $1,210.00
.24
PNC STUDENT LN TR I SER 1997-2 CL A4 DTD 06/25/97 -0 DAY DELAY'
SUBTOTAL.
17,129,439.3600 $17,273,014.75 $17,185,109.52 $87,905.23
.51
GRANDTOTAL
64,301,732.9500 $64,645,771.34 $64,093,626.68 $552,144.66
.86
END OF REPORT
Financial Reporting
From Previous Business Day 02/27/2001
02/28/2001 05:44:10 PM EST
S & P Moody's Units in Encumbrd
Rating Rating Transition Units
.0000 .00
.0000 .00
0000 .00
AAA
AAA
.0000
AAA
N/A
.0000
AAA
AAA
.0000
.00
.00
.00
.0000 .00
.0000 26,814,000.00
Page 3
WELLS FARGO
Single Asset Detail Report
WELLS FARGO INTERNAL CEO USERS
Account: 12222222 ACCOUNT B - FIXED INCOME
Asset Id: 345397KR3 FORD MTR CR CO NT DTD 03/28/95
7.7500 03/15/2005
Units:
2,000,000.0000
Fed Tax Cost:
S2,019,820.00
Average Unit Cost:
100.9910
Yield at Cost:
7.67
Traded Units:
.0000
Receipt or Delivery Units:
.0000
Encumbrance Units:
.00
Encumbrance Reason: NO RESTRICTION
CODE
Sedol:
Major Asset Group:
A0002
Minor Asset Class:
B0007
Industry Class:
C0070
Moody's Rating:
A2
Dividend Payable Date:
Current Dividend Rate:
.000000
Previous Dividend Payable Date:
Previous Dividend Rate:
.000000
Market Value: $2,092,480.00
Price: 104.624000
Price Date: 02/27/2001
Yield at Market: 7.41
Interest Rate: 7.7500
Maturity Date: 03/ 15/2005
Est Annual Income: $155,000.00
Original Face: .0000
Pool Number: 000000
BONDS & NOTES
CORPORATE BONDS
CORPORATE BONDS
S & P Rating: A
First Call: Date:
Second Call: Date:
Third Call: Date:
Financial Reporting
From Previous Business Day 02/27/2001
02/28/2001 05:46:02 PM EST
Rate: .00000
Rate: .00000
Rate: .00000
TOTAL 02/28/2001
03/01/2001 026609107 DIVIDEND
03/01/2001
081437105
DIVIDEND
03/01/2001
083739102
DIVIDEND
03/01/2001
205887102
DIVIDEND
03/01/2001
257867101
DIVIDEND
03/01/2001
337932107
DIVIDEND
03/01/2001
349631101
DIVIDEND
03/01/2001
458140100
DIVIDEND
WELLS FARGO
Pending Transaction Report
By Account by Date
WELLS FARGO INTERNAL CEO USERS
Account: Multiple Accounts Selected
Post Tran Trade
Date Asset ID Type Date
ACCOUNT: 13333333 ACCOUNT C -FIXED INCOME
Financial Reporting
From Post Date 02/28/2001 through 03/06/2001
02/28/2001 05:51:09 PM EST
Income Principal
Units Rate Cash Cash
02/28/2001 22531KAA5 PAYMENT 1,500,000.0000 6.2739 $.00 $21,848.45
CREDIT ASSET RECEI 6.27399% 10/31/03 0.014565633 ON 1,500,000 FACE VALUE
02/28/2001 78388BAB9 PAYMENT 2,000,000.0000 8.0000 S.00 $1,703.86
SC COML MTG PASS 0,000851930 ON 2,000,000 FACE VALUE
02/28/2001 78388BAB9 INTEREST 2,000,000.0000 8.0000 S964.44 Soo
02/28/2001 863572FQI
TOTAL 02/28/2001
03/01/2001 20846QCPI
03/01/2001
03/01/2001
03/01/2001
SC COML MTG PASS 0,000482220 ON 2,000,000 FACE VALUE
INTEREST 2,500,000.0000 6.4843 $13,508.99 $.00
STRUCTURED ASSET 0.005403596 ON 2,500,000 FACE VALUE
$14,473.43 $23,552.31
INTEREST 800,000.0000 8.4800 $5,653.33 $.00
CONSECO FINANCE SE 0.007066662 ON800,000 FACE VALUE
20846QDV7 INTEREST 700,000.0000 8.3100 $4,847.50 $.00
CONSECO FINDANCE SEC 8.310%0.006925000 ON 700,000 FACE VALUE
59562HAG3 MATURITY (500,000.0000) 5,8500 Soo $500,000.00
MIDAMERICAN FDG INC BOND MATURITY
59562HAG3 INTEREST 500,000.0000 5.8500 $14,625.00 $.00
MIDAMERICAN FOG INC 0.029250000 ON 500,000 SHRS/PV
03/01/2001 VP4500030
INTEREST 1,151,069.0100 5,6310 $5,397.1; $.00
WF CASH INV MMKT SVC CL MSTR TR REB 0.004688781 ON 1, 151,069 SHRS/PV
TOTAL 03/01/2001
$30,522 94 S500,000,00
03/06/2001 23322BHJO
INTEREST 1,700,000.0000 7.1945 $8.506.02 5.00
VR DLJ COMMERCIAL 0.005003541 ON 1,700,000 FACE VALUE
03/06/2001 23322BHJO
PAYMENT 1,700,000.0000 7.1945 $.00 S16,661.53
VR DLJ COMMERCIAL 0.009800900 ON 1,700,000 FACE VALUE
TOTAL 03/06/2001
S8,506.02 S16,661.53
ACCOUNT TOTAL
$53,502.39 $540,213.84
ACCOUNT: 15555555 ACCOUNT E-BALANCED FUND
02/28/2001 36225X100 DIVIDEND 1,500.0000 .5450 S817.50 $.00
GPU INC COM 0.545000000 ON 1,500 SHRS/PV
$817.50 5.00
200.0000 .2300 $46.00 $.00
AMERICAN HOME PRODS CORP 0.230000000 ON 200 SHRS/PV
1,800.0000 .2500 S450.00 $.00
BEMIS INC I COM & I TAKEOVER RT 0.250000000 ON 1,800 SHRS/PV
4,000.0000 .0100 S40.00 S.00
BERGEN BRUNSWIG CORP CL A 0.010000000 ON 4,000 SHRS/PV
3, 100.0000 .2250 S697.50 S.00
CONAGRA FOODS INC 0.225000000 ON 3, 100 SHRS/PV
1,400.0000 .2300 S322.00 S.00
DONNELLEY R R & SONS CO I COM & 1 0.230000000 ON 1,400 SHRS/PV
2,000.0000 .3750 S750.00 S.00
FIRSTENERGY CORP COM 0,375000000 ON 2.000 SHRS/PV
1,700,0000 .2400 S408.00 S.00
FORTUNE BRANDS INC COM 0.240000000 ON 1,700 SHRS/PV
4,350,0000 .0200 587.00 $.00
Page I
WELLS FARGO
Pending Transaction Report
Financial Reporting
By Account by Date
From Post Date 02/28/2001 through 03/06/2001
WELLS FARGO INTERNAL CEO USERS
02/28/2001 05:51:09 PM EST
Account: Multiple Accounts
Selected
Post
Tran
Trade Income
Principal
Date Asset ID
Type
Date Units Rate Cash
Cash
INTEL CORP COM 0.020000000 ON 4,350 SHRS/PV
03/01/2001 538021106
SALE
03/01/2001 (700.0000) .0000 $.00
$56,000.00
LITTON INDS INC
03/01/2001 540424108
DIVIDEND
400,0000 .2500 $100.00
$.00
LOEWS CORP 0.250000000 ON 400 SHRS/PV
03/01/2001 582834107
DIVIDEND
1,150.0000 .1700 $195.50
S.00
MEAD CORP 1 COM & 1 TAKEOVER RT 0. 170000000 ON 1,150 SHRS/PV
03/01/2001 718507106
DIVIDEND
1,300.0000 .3400 $442.00
$.00
PHILLIPS PETE CO 0.340000000 ON 1,300 SHRS/PV
03/01/2001 872540109
DIVIDEND
2,600.0000 .0400 $104.00
$.00
T1X COS INC NEW 0.040000000 ON 2,600 SHRS/PV
03/01/2001 92839UI07
DIVIDEND
- 1,047.0000 .0600 $62.82
S.00
VISTEON CORP 0.060000000 ON 1,047 SHRS/PV
03/01/2001 929771103
DIVIDEND
1,300.0000 .6000 $780.00
$.00
WACHOVIA CORP NEW 0.600000000 ON 1,300 SHRS/PV
03/01/2001 949746101
DIVIDEND
400.0000 .2400 $96.00
$.00
WELLS FARGO CO 0.240000000 ON 400 SHRS/PV
03/01/2001 976657106
DIVIDEND
1,300.0000 .2000 5260.00
$.00
W ISCONSIN ENERGY CORP COM 0.200000000 ON 1,300
SHRS/PV
03/01/2001 VP7000046
INTEREST
243,673.1400. 5.5817 $1,132.51
$.00
WF CASH INV MMKT INSTL CL #451 0.004647660 ON 243,673 SHRS/PV
TOTAL 03/01/2001
$5,97333
S56,000.00
03/05/2001 039483102
DIVIDEND
6,098.0000 .0500 $304.90
$.00
ARCHER DANIELS MIDLAND CO 0.050000000 ON 6,098 SHRS/PV
03/05/2001 737628107
DIVIDEND
900.0000 .4350 $391.50
S.00
POTLATCH CORP 0.435000000 ON 900 SHRS/PV
TOTAL 03/05/2001
S696.40
S.00
03/06/2001 651229106
DIVIDEND
3,100.0000 .2100 $651.00
$.00
NEWELL RUBBERMAID INC 0.210000000 ON 3, 100 SHRS/PV
TOTAL 03/06/2001
$651.00
$.00
03/30/2001 969133107
SALE
03130/2001 (1,200.0000) .0000 $.00
$57,600.00
W ILLAMETTE INDS INC I COM & 1
TOTAL 03/30/2001
S.00
S57,600.00
ACCOUNT TOTAL
$8,139.23
S113,600.00
ORANDTOTAL
S61,640.62
$653,813.84
END OF REPORT
Page 2
Accounts:
13333333, ACCOUNT C - FIXED INCOME
15555555, ACCOUNT E - BALANCED FUND
Output: PDF
Company ID: WFBINT01
Operator ID: MORRR479
Page Break on Account: No
Dates: Post Date
From: 02/28/2001
Through: 03/06/2001
Long Description: No
WELLS FARGO
Transaction History Report
By Transaction Type
WELLS FARGO INTERNAL CEO USERS
Account: 16666666 ACCOUNT F - EQUITY
Financial Reporting
From Post Date 02/21/2001 through 02/27/2001
02/28/2001 06:00:34 PM EST
Tran
Post Fed Tax Income
Principal
Type Asset ID
Date Units Cost Cash
Cash
PURCHASE N2366UI51
02/26/2001 616,0000 $15,577.99 $.00
($15,577.99)
PURCHASED CSM NV CVA(PART EXCH) EURO.25
PURCHASE N2366U151
02/27/2001 1,141.0000 $29,138.26 $.00
($29,138.26)
PURCHASED CSM NV CVA(PART EXCH) EURO.25
TOTAL PURCHASE
$44,716.25 $.00
(544,716.25)
SALE VP4500030
02/26/2001 (163.9600) ($163.96) $.00
$163.96
SOLD WELLS FARGO CASH INVESTMENT
SALE VP4500030
02/26/2001 (15,577.9900) ($15,577.99) $.00
$15,577.99
SOLD WELLS FARGO CASH INVESTMENT
SALE VP4500030
02/27/2001 (29,138.2600) ($29,138.26) S.00
$29,138.26
SOLD WELLS FARGO CASH INVESTMENT
TOTAL SALE
($44,880.21) $.00
$44,880.21
DISB
02/26/2001 .0000 $.00 $.00
($163.96)
DISBURSEMENT FROM ACCOUNT OTHER EXPENSES
TOTAL DISB
$.00 S.00
($163.96)
GRAND TOTAL
($163.96) S.00
$.00)
END OF REPORT
Page 1
Institutional Trust & Custody
Sample Report
■ Institutional Trust & Custody
WELLS FARGO
Securities Lending Financial Reporting
Broker Allocation As of 10/20/2000
10/27/2000 08:39:19 AM EDT
For:
Securities Loaned /
Securities Loaned /
Broker Name
Tot Avail For Loan - %
Total On Loan - %
Total On Loan
BANC OF AMERICA
1.42
2.05
S4,302,700.00
BEARSTEARNS
.15
.21
S460,000.00
DB ALEX BROWN
.06
.09
S208,000.00
DONALDSON LUFKIN & IENRETTE
12.91
13.60
538,950,400.00
FIRST BOSTON
.11
.16
S354,600.00
GOLDMAN SACHS
12.60
18.15
S38,015.400.00
ING BARINGS LLC
6.82
9.33
S20.584,200.00
LEHMAN BROTHERS
11.02
15.37
S33 243,900.00
MERRILL LYNCH
.40
S3
SI _30,500.00
MORGAN STANLEY
15.79
22.75
S47,645,194.00
PRUDENTIAL SECURITIES
.IS
22
S480,000.00
SALOMON SMITH BARNEY
6A8
3.76
S13,364,384.00
WARBURG DILLON REED LLC
1.34
2.65
S5,558,950.00
TOTALS:
6935
100
S209,401r28.00
TOTAL AVAILABLE FOR LOAN:
5301,643991.00
END OF REPORT
Page I
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober I2, 2001
3. Organization
a. Briefly describe your organization and its institutional custody division(s). Describe the
structure of the organization with core businesses, locations and services.
Wells Fargo is organized under four core business areas delivering an array of financial products
and services: Community Banking, Wells Fargo Mortgage & Home Equity, Wholesale Banking,
and Wells Fargo Financial.
Overall, our Trust organization consists of over 6,000 professionals. Institutional Trust &
Custody is a division of the Institutional Trust Group which is a distinct business line within the
Wholesale Banking Group.
Institutional Trust & Custody page 17
WELLS FARGO
Securities Lending Fin Rnclal Reperling
Daily Loan Oulslandlno Report AS OF 10/20/2000
10/27/200008:3R:25 AM EDT
ACCOUNT NUMBER
OAN
CASH
REF
SECURITY
CPN
MAT
CONTRACT
CONTRACT
MARK
MARKET
MARKET
LOAN
HATE
MARKET
NON -CASH
NUMBER
CUSIP
DESCRIPTION
RATE
DATE
QUANTITY
PRICE
AMOUNT
PCT
PRICE
VALUE
HAIF,
FLAG
RAZE
CASH
242105004
03123CION
APPLIED MOLECULAR EVOLUTION
,ON
BLOOMIq
7,800,
S24.00110000
1I81,100.00
97.95
S24.50DODOO
1191.10000
6,400
R
6.RNNNx711
CASH
24377NOI
03923EI08
APPLIED MOLECULAR EVOLUTION
ON
N/OO/UO
1.3011
S24gKNNIN
S31,200.01)
97.95
S24.50NON
S11.650.W
6400
-R
6. ROOCOO1
CASH
24473IWI
03823EI08
APPLIED MOLECULAR EVOLUTION
.N0
0n1NRp
7.000.
S24MOMOT
SI68.00000
9T95
524.SWOINx1
$171.50000
64N
-R
6. ReMMO
CASH
248523001
03B23E108
APPLIED MOLECULAR EVOLUTION
.NO
O(I/OV00
36W.
S24.0OW0131
S91,2rom
91.95
$24. SONON
S91,1m On
6400
-R
6.R1NXNeRI
CASH
N8465MI
03823EIO8
APPLIED MOLECULAR EVOLUTION
.m)
O(IA11211e
2W.
S26,011110000
S5,200.00
10612
1245NMK7e
S490000
6400
-R
6.RINNNIN
CASH
249146NI
O3823EInR
APPLIED MOLECULAR EVOLUTION
MNI
WINO
2,301
$24 WILSO MI
S35.200.Be
9795
S24.500MOG
S56,350410
641N1
-R
6AIXxxuxl
CASH
247210001
03821E 108
APPLIED MOLECULAR EVOLUTION
.OW
INVORDO
IN.
53e.NOOWO
51.000.01)
12244
$24SWOON
12451100
64N
-R
4.911001IRI
CASH
246967MI
042891.107
ART TECHNOLOGY GROUP INC
ON
"We
25,9N.
S91.0000000
52,253,300.00
9328
S811.5156000
12,292.554.01
64N
-R
6. gDom N1
CASH
217319001
04289LI07
ART TECI INOLOGY GROUP INC
.ON
OMeMN
41.SM.
sal.NONN
$3,610.50000
9828
S88.5156000
$3673.39740
6.400
R
6AWLI11W
CASH
247262001
043136100
ARTHROCARECORP
.Wn
11(NIIMN
D.500.
j1R.ONNN
5495.N000
9819
51R512N00
1503,591.7$
6400
�R
M1.RINXNIN
CASH
3D693001
O43I1fiIN
A0.T11ROCA0.E CORP
M10
w(HPOO
91100.
SIR.O00000
11,671,600.00
98.29
SIR.3125WO
S1,704,725.00
64N
-R
6.BOONIW
CASH
247569MI
05367LI09
AVICI SYSTEMS INC
.OW
00I00/00
4,500.
$67 NUNp
$301.500.00
99,62
$67.250011110
$302.625.00
5.750
R
6.RNOIIN
CASH
242028004
130876105
CAI IPER TECHNOLOGIES CORP
.ON
DINDMN
Io,]N.
$63 MILLION
$674,100,00
96.00
S65.6250ON7
57n2,18750
6400
R
69000011n
CASH
348901002
130876105
CALIPER TECI INOLOGIES CORP
.NO
N/OoIN
2,900.
S63.000UN0
$192.70000
96.M
S65.6250000
$196.112.50
6.4M
-R
6. ROOLOW
CASH
240986001
14067DID2
CAPSTONE TURBINE CORP
NO
woolU
2,501
i46.0WOMR)
IT 15,000.00
94.84
$4R.SWOON
S12115000
64N
-R
6.9000001
CASH
245404MI
15092610)
CELEKITEK INC
.NO
OIIN1lV00
27,200.
S38.000NN
21.033.600.00
96.20
139.5NNN
S1,074,40000
6.400
-R
6.8MMOD
CASH
243651003
150934107
CELL THERAPEUTICS INC
ON
N/OMOI
3,600.
S740000000
S266,400A0
I013.68
S73.5000000
S264,600.00
64De
.R
6B000000
CASH
247220MI
130934107
CELL THERAPEUTICS INC
.ON
00/OMDO
15,0N-
262.NONN
S9JO,N0.00
84.35
I1].SN00N
II,IM,SOON
6400
-R
6.R0WOW
CASH
243297I
168905101
CHILDRENS PL RETAIL STORES INC
.NO
NVOMN
4N,
S26.o000ON
510,4N.N
105.85
S24.56250N
S9,82500
000
-R
6.R001MW
CASH
2U21NI
Ifi8905107
C I I I LDR EN S PL R ETAI L STORES I NC
ON
"OWN
2,0110.
$26 WOOM(I
S52,N0.00
1)5.85
$2C5625ON
S49,12500
BOO
-R
6XWOOW
CASH
243286001
168905107
Cl IILDRENS PL RETAIL STORES INC
.ND
N/11O/N
1,000.
S26ONNN
S52,0041N
105.85
S24.5675000
S49,125.00
NO
-R
6811011000
CASH
242322N2
163905107
CHILDRENS PL RETAIL STORES INC
.01113
OMOOIN
ROT
S26.ONNN
$7.800.N
105.95
524.56250N
S1,168.75
-R
LANDOW
CASH
242301002
168905107
CHILDRENS PL RETAIL STORES INC
.ON
011l00100
400.
S26.ONONO
S10,4N.N
105.95
S24.5625000
19,925.OD
.NO
000
-R
61DOWDO
CASH
243302MI
169905107
CHILDRENS PL RETAIL STORES INC
.ON
OBTOA00
17,000.
$260000000
$442,00000
10585
124.562SON
$417,562.50
-5.No
R
6.90000W
CASH
243301)(01
168905UH
CHILDRENS PL RETAIL STORES INC
.NO
01VOOAIO
10.500.
$16.0000000
S213,0000
105.85
S24.5625001]
$257,90625
-5.000
-R
6.ROOLOW
CASH
243298001
168N5107
CHILDRENS PL RETAIL STORES INC
.040.1
OMNA10
IO,NO.
S26.00)0001)
$260,0)000
105.85
S14.5625N0
$245,625BO
ON
.R
6.8000001)
CASH
243296001
168905107
CHILDRENS PL RETAIL STORES INC
,NO
011100/00
5,901
S26.00001)N
$130,000.00
105,95
SI4.5625000
1122,812.50
ON
-R
610OLMOD
CASH
243295M1
169905107
CHILDRENS PL RETAIL STORES INC
.m
Nmmoo
9.11(l0.
i260001000,
3234,00000
105.85
S24.5625"
S221,062.50
SWO
-K
6.RIKInON
CASH
24319MOI
16390SKU
CI I ILDIENS PL RETAIL STORES INC
.ON
OVORNO
$OW.
$26N000N
S20R,NO.N
10585
S24.5625N0
S196,50000
NO
-R
6.Ammon
CASH
243189MI
168905107
CI IILDRENS PL RETAIL STORES INC
.OW
OMONOO
2,000.
S26.00MNNIO
553,000.00
I05.85
124.5625NO
S49,125.Be
-5 NO
-R
6.RINKLOW
CASH
14)289NI
I63905I07
CI I ILDRENS PI. RETAIL STORES INC
ON
W111MN
8,N0,
S26,O)NN0
S21)XN0.00
105AS
$24.5615000
1194.50000
OM
-R
fi.RINNLYKI
CASH
247275MI
168905107
CHILDRENS IT. RETAIL STORES INC
ON
00/IIMW
400,
S26.1)(ION00
SIg4N00
105.85
$34.5625eW
S9,R25.00
-SON
-R
691"IIo
CASH
248032MI
17257YI04
CIPHERGEN DIOSYSTEMS INC
NO
110NMN
2,5N.
$2ROO90000
$70,000.DO
9346
S36437y-9
$71,09175
2.SM
-K
6.RNOMNI
CASH
24654MI
221222102
COSINE COMMUNICATIONS INC
.ON
OMRM011
3,9N.
j29,0110NN
S84,IN.N
61.43
541.1815L„e
$1JM1.84]]5
3.150
-R
6.RIxNNKN1
U511
24A848N2
Z1M461N
CYTYC CORP COM
BOB
MNOO/N
14,944.
$46 ONNN
S687,42400
91.54
S50.25000N
5150,93600
6AW
-R
6R0110UW
CASH
242353MI
15JRM IN
UIGITALTHINK INC
BOB
N/OMOO
54,500.
S42.IN1OON
S2,289,No00
113,32
S37062SWID
17.019,90625
6.4W
R
6. RIBBON
CASH
241818MI
25388MIM
DIGITALTHINK INC
ON
011I00/110
35,500.
S42000NN
S1,491,000,00
II3J2
$310625000
11,315.7I8.75
6.400
-R
6.800000E
CASH
24962M1
266998105
DUSA PIIARMACUETICALS INC
ON
OMONIIO
2,800.
$236NDN0
S78400Be
98,67
S28.37500o
$79450.DO
6.400
R
6SONOOO
CASH
245673MI
266898105
DUSA PIIARMACUETICALS INC
.INTO
O0/OM00
48,8N.
S29NNNO
SI415,2010D
10220
S28.37500031
11.384,700 M1
64W
R
6. RO(NNKIO
CASH
249326MI
278265103
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NO
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12,700.
$48.000ONO
$0960000
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S60642500
6.4M
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6BINRRI0
CASH
2441.1 OWN
3702531M
GENERAL MAGIC INC
.NO
OOIOMN
Sam
IS.OIXNI00(1
1250,00000
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10526
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$19000000
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N, I
WELLS FARGO
Securities Lending
DallV Loan Outstanding Report
ACCOUNT NUMBER:
CASH REF
NON -CASH NUMDER
CASH
CASH
CASH
CASH
CASH
('ASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
244337MI
144618MI
244377MI
247052001
247012001
248693001
247892001
247375MI I
24727JM11
248739001
248595M12
24887WI
148682001
249785MI
239433MI
248193MI
246793MI
248695W 1
248696MI
243177MI
239655001
245384M1
244597001
247873MI
247592MI
249409MI
249185MI
236999MI
236942MI
241283001
245125MI
246996M1
749762001
248234M I
248207001
244358ME
2406120115
24376003
248742MI
347845002
246071MI
24219MI
CUSH,
3702531"
57025J106
37025JIm
37143QIUI
3714JQIOI
J1245QII71
5124JQ101
37743QIOI
37243QIOI
46114 r102
46114T 102
461R5RIm
46195RIM
62855JI04
64114It 109
68211L105
68213LI03
68213LI03
68375Q 106
685711,100
68571 P lm
68571PIN
68571PIN
709776108
709776109
709776108
709776108
7317381M
7317391M
731738100
731739IN
739.121105
74 264 T 102
755246105
755246105
755246105
760ON100
81705T102
84764MIDI
899266103
999690101
918458IN
Financial Reporting
AS OF 10/20/2000
10/27/2000 09:38 25 AM EDT
LOAN
SECURITY
CPN
MAT
CONTRACT CONTRACT
MARK
MARKET
MARKET
LOAN
RATE
MARKET
DESCRIPTION
RATE
DATE
QUANTITY
PRICE AMOUN"r
PCT
PRICE
VALUE
NA"rE
FLAG
HA-r87
GENERAL MAGIC INC
ON
MVUMm
30,000.
15.mmw SISO.WOW
105.76
f4.15NCM
114 Z,50000
3ON
R
6.11ON01x1
GENERAL MAGIC INC
.Mm
NR1Nm
20,0MI.
SS.nMOMm SIOU,No.00
105,26
14]5ft,.M
S95,00000
2000
-R
6RNNOQ
GENERAL MAGIC INC
,Mm
m)( m
40 m.
15.000000) $200,000N
105.26
S4,75mon
1190.000 no
2.nn0
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6. MONO
GENOMICA CORP
ON
WmMlxl
17.800.
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10796
$11.I250m
1198,03500
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6. AmNO
GENOMICA CORP
ON
nmmnmn
12,200.
$12.000m) $146,40000
I0)86
111.125Mmn
S135.72500
1.5411
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GENOMICA CORP
Too
00/01111m
4,Mm.
S12.Mm1xx711 S48,00.00
107. R6
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$44.500Im
2.5NI
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6. RI4xxxxl
GENOMICA CORP
TOO
DOMINO
12,500.
$I200NON 1I4 7.44m.00
10786
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$116837.50
25110
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.NO
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33,700.
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HON,
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TOO
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low.
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107.96
111.11SOON
$111,25000
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INTERWOVEN INC
,000
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12,200.
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$IA61.712.50
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INTERWOVEN INC
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INVITROGEN CORP
ON
"Won
13,500.
S6J.ON000O 1850.50000
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S846914 40
LAN
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6.80NOm
INVITROGEN CORP
,Mm
N/Omm
46,500.
S63.MmomO 32,929,50000
I00A2
S62.7544m0
12,911,1490
64m
-R
6. RONO(N)
MYRIAD GENETICS INC COM
.m0
0OAKm0
IO,Om.
$II LOmm00 $1.110.000.m
95,59
S116.1250"
$1,161,250.00
6.4M
-R
6.8MRNN
NCTRO CORP
ON
onloomo
53.50O.
$21OOONOO 'S1,230,50000
105.44
S2181250m
SI,166.96R.75
6.400
R
68fxxN7m
O84NISKY CORPORATION
.Mm
mmlFm
4,500.
317.00000on S76,500.00
10311
$16.5750Mm
$73,687.50
3,000
-R
6.8000000
OMNISKY CORPORATION
,ON
oMo"a
I,Mm.
$17.00(1NN SI I.Now
10391
S16.37500m
S16,375.00
S.mO
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6.8000010
OMNISKY CORPORATION
.Mm
00100m0
2,600.
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10381
S16.315001J0
$42,515.00
TOM
-R
6.8MNNRm
OPLINK COMMUNICATIONS INC
.NO
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31,800.
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ORCHID DIOSCIENCES INC
.ON
MANNO
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SI.074,712.50
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6.3 mm
ORCHID DIOSCIENCES INC
.mn
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6,300.
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99.72
S230625000
SI45,29595
6.400
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6.100"0
ORCHID BIOSCIENCES INC
0m
00/00/00
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S23.0000000 1409,400.00
99.72
S13.0625000
S410,512.50
6400
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6.8000000
ORCHID 910SCIENCES INC
.m
0010040
15,500.
S23.00om00 S556,500.00
99,72
$230625000
S357,468.I5
6Am
.R
6.8000000
PEOPLEPCINC
,M
DOMINO
50,300.
SS.MNmMm $150,9000o
97,95
S30625000
$154.043.75
3000
-R
6A mm
PEOPLEPCINC
.No
00/00/00
Lem.
SS.Oo00m0 S3,600.00
97,95
S3.0625000
S369500
J.NO
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6.90ONm
PEOPLE PC INC
.NO
00/00/00
4,4011
S3.0000Mm S3,200.00
91.95
ITM25Mm
SI3,175.00
30M
-R
6.8M870m
PEOPLE PC INC
.Mm
MmNN
19,IN.
510000m0 S51,30O00
9195
S3.0625000
$59,493.75
3000
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6.818NRIm
POLYMEDICA CORP. COMMON STOCK
.ON
MV00m0
20,1m.
149.fflo 00 $984,90o.m
101,29
S48.5730000
S972.33MO
64m
-R
68W8mm
POLYMEDICA CORP. COMMON STOCK
.NO
00,01 m
IN.
S49.0000000 S4,900.N
I01,29
S48.3750ON
S4,837.50
6.400
R
6.80Mmm
POLYMEDICA CORP. COMMON STOCK
TIN
moom
23,6N.
S49IONNO 51,156,400.00
IOL29
$48.1150000
$1.141.650.00
6.400
-R
6.e1RKmm
POLYMEDICA CORP. COMMON STOCK
ON
00100/10
29m.
149 ONNm S142.10000
101.29
S48.375000f)
$140,297.50
64m
-R
690 mM1
PRAECIS PHARMACCUTCALS INC
ON
onloolno
IN,
S36.01100000 S1,200.00
113.39
$31.7500"
S6,550.00
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PRIORITY HEALTHCARE CORP CL n C
'No
00100m
41,800.
567.0000NO S2.800,60000
138,50
S48.3750000
$2.022.075.N
64M
-R
6Romoo
READ -RITE CORP
.mD
wooffl0
20 m.
17.0000m $140,00000
84.21
IsII25Mm
$166.75D00
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6. RMNmm
READ -RITE CORP
.mo
M (NO
JO,Mm.
19.0000000 S170,m000
103.27
58.51250113,
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.Mm
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10817
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RENT -A -CENTER INC
,Mm
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1,400.
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1349688000
S48,956.32
6AN
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6.8010000
SILICON IMAGE INC
.ON
OOOXVOO
85,300.
5110000000 11,023.600N
102.12
S11.750m00
SL002,275.00
6.4M
-R
6.80ONN1N
SPEECHWORKS INTL INC
.ON
mKm
32C00.
$91.00moo S2689,200.00
97.00
$85.5675M
S2,772,225.00
6 W
-R
6.800om
TITAN CORP
ON
0000/00
25,200.
S15.0000000 I378,00000
101,69
S147500000
$371.700.00
6400
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.NO
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43,300.
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6.30OPOm
VYYOINC
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mm02m
48,500.
126.0000 m $1,261,000.00
1102
$23.3125000
$1.130.656.15
6400
-R
610NON
P., 2
WELLS FARGO
Securities Lending
Daily Loan Outstanding Report
ACCOUNT NUMBER:
CASII
REF
SECURITY
NON-CASII
NUMBER
CUSIP
DESCRIPTION
CASII
219506MI1
9184581M
VYYOINC
CASII
252157m
9184391M
VYYO INC
CASII
2429861101
9221961M1
VARIAGENICS INC
CASII
246359WI
929284107
W2 COMMUNICATIONS INC
CASII
246494MI
9292A4107
W2 COMMUNICATIONS INC
CASII
244743M I
941105109
WATCIIGUARD TFCIINOLOGIrS INC
CASII
244604MI
941105108
WATCIIGUARD TECHNOLOGIES INC
CASII
24732IM2
M15342104
AUDIOCODES LTD
ACCOUNTTOTALS: CLOSINGDALANCE
TOTAL MARKET VALUE
Financial Reperling
AS OF l0/20/2000
10/27/200009:38:25 AM BDT
LOANFLAG
CAN
MAT
CONTRACT
CONTRACT
MARK
MARKET
MARKET
LOAN
RATE
DA'f F.
QUANTITY
PRICE
AMOUNT
PCT
PRICE
VALUE
IRATEFLAG
RAT
IIAE'f
000
nmm�mn
400.
S26MI WO
$10,400,00
II1,52
SU,I125Mm
19.325M1
LLm
.R
6AINNNIINI
01N1
MI/110/MI
2,400.
126.09I1)(100
162,eX100
111.52
$233125nM1
555,950IN1
64M1
-R
ARIXNXIW
.Mm
Im/UMMI
14,(Xm.
IIAIme1XXNl
S262,80000
85.71
121.NXIMNm
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57511
-R
6XNXXIINI
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58600.
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6.400
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4.0w
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1160.110000
9693
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S18400900
6. 11*
It
6XIXNXIMI
(m0
OW4M)0
19.550.
S400011MXNI
S7o200n.00
96.95
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64110
-R
6. AMRIIIINI
.000
001(m)AR
5.769.
$50 ON10)U
$28940000
101.91
S463730NO
S267,49100
64M1
-R
6.RN7MIM1
$50,577,924.00
S49,761,355.01
WELLS FARGO
Securities Lending
Daily Loan Outstandlnq Report
ACCOUNT NUMBER:
CASII REF
NON -CASH NUMBER
CASI I
CASII
CASII
CASU
CASII
CASI I
CASII
CASH
CASII
CASII
CASII
CASII
CASII
CASII
CASII
CASH
CASII
CASH
CASII
CASII
CASII
CASII
CASH
CASH
CASTS
CASII
CASII
CASH
CASII
CASH
CASII
CASII
CASII
CASII
CASH
CASII
CASII
CASII
CASII
CASII
247733001
249895MI
241910nn1
24167911412
149X111N11
24411 XIX12
23831211112
218393001
24511 MI02
24695NOI
240631 N1
248946MI
244490002
240281MI
148784MI
247455MI
244482N2
24T14NO1
248548 W I
2469160I
249911 W I
247649MI
243491N1
24552102
248981MI
24DI82MI
2459890GI
241466W2
246912MI
230175MI
245332MI
24)086001
241988E I
249101ME
232911W 1
247907MI
238125nn2
245675 W I
241162W2
248927NI
CUSIr
M119OA V 1
026351106
032511107
01033VIN
073325102
41'111671109
090611109
09061JIM
0904UIM
105156AIM
105156AIU
172967101
172967101
194502AKS
1L3MSAD9
254687106
254687106
256069AE5
3453)OCA6
310425RG1
391317106
404119AA2
449310105
465754109
48203R104
52129NAC4
53MISAJO
39990210)
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742718RMO
749148QRI
149121109
75952JIGS
N262PAA6
912993AY9
912920AU9
9234361M
925524308
925524309
P74823109
SECURITY CPN MAT CONTRACT CONTRACT
DESCRIPTION RATE, DATE QUANTITY PRICE AMOUNT
AT&T CORP
6ON
(nfl5ea
150,001).
S91,00000411
AMERICAN GEN CORP
(10
011l
10,00,
Sal BONN()
ANADARKO PETECORP I COM A I
.ON
MN0m)(I
S.M.
$711,000010)
ARIDA INC
ON
00a0/(a
3,ON.
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IIEA SYSTEMS INC COM
O O
nommlo
II NO.
SA111MNND
n IOVAIL COIL I' INTL
3Na
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8.2W.
S40mmMm
1110VAIL CORP INTL
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24,900.
S40CROWNa
DIOVAIL CORP INTL
.Ian
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26,90.
S40MONN
❑IOVAIL CORP INTL
NO
MOGAN
16,6110.
S40.00000W
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11.615
Wit 3A14
115,00.
I10SN(NNN)
R[PUB LIC OF D RA ZI L DTD 04/JOA9
11615
WI15/M
285.(NI(1.
1105 NOWNNJ
CITIGROUP INC
.4100
BOMA0
6.000.
S53.000NN
CITIGROUP INC
NO
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35,331.
$530000000
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1.Ea
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DOBSON COMMUNICATIONS CORP
10.875
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500,01a.
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7.450
07/16/31
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$960NOWa
GENERAL MOTORS ACCEP CORP
6. 150
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AN
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LIBERTY MEDIA CORP
8.250
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$93000000
MILLENNIUM PHARMACEUTICALS INC
.NO
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S14.W0E0
PARK PLACE ENTERTAINMENT
9.375
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1.125
09115129
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150.00.
S101000p1100
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III, 5H1
9.000.Wa.
528.9I30000
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COMMUNICATIONS INC
1.2E
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150,000.
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VIACOM SOFTWARE
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6,5E.
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VIACOM INC COM CC 0
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TANA M E RICAN D EVERAGES INC CC A
ON
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9,000.
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r., 4
S1,598,150.0
$195,00.N
S 1,066,00 N
S 1,044, 10 M
1136,2011.E
S153,00000
MARK
PCT
103.35
10336
101.42
100.19
97 W
n1 123
102,23
10223
M213
10? 43
10143
IN 04
INN
101 88
102,59
98.96
9896
101,93
102.47
101.57
10501
10246
100.91
100,06
102,59
102,32
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105,71
102.44
IN 99
102.56
10.96
107 13
RRAJ
99.68
102.12
98.31
91L14
99.14
101.87
Financial Reporting
AS OF 10/2012000
10/27/200008: 38:25 AM EDT
LOAN
MARKET MARKET LOAN RATE. MARKET
PRICE VALUE RA I FLAG RATE.
116.9150NO
1129.15WOW
f P5.1fi2501N1
519. 125"Offm
119.1251NNm
S39.I251Nan
S39.12SONO
SIM.SOR3U1
S1025083333
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S5093150N
S99.1362500
S 102.34N666
S36.D501Na
$36-1T30"
$98,1010416
$93.6793611
193.53050E
552J15NOO
S103.4103333
$190.250NN
$186.81SOIN10
1232.0NN0
S84.8591222
S91.2281666
$70,00011000
$10152O8333
S 100 W 26944
S99 4510833
145.56250W
S42.93150W
S100.842150
S28.967NXNI
$103.191NE
S1669125OW
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S16.6815Wa
6. Oa
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6.81NNNIINI
64130
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6 aNNNNNI
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6. AINNNW
64110
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6,400
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6.4W
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6450
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5.750
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6.8NNWN
6.400
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680NOW
6400
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6.81NWKo
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Securities Lending
Daily Loan Outstanding Report
ACCOUNTNUMBER:
CASH REF SECURITY
NON-CAS11 NUMBER CUSIP DESCRIPTION
ACCOUNTTOTALS: CLOSING BALANCE
TOTAL MARKET VALUE
Financial Reporting
AS OF 10/20/2000
10/271200008: 38:25 AM EDT
ItLOAN
CPN MAT CONTRACT CONTRACT MARK MARKET MARKET LOAN A'IF, MARKET
RAI'E DATE QUANTITY PRICE AMOUNT PCT PRICE VALUE RATE FLAG RATE
S30,512,759.00
S30,059,113.59
WELLS FARGO
Securities Lending
Daily Loan Outstanding Report
ACCOUNTNUMDER:
Financial Repnrling
AS OF 10/20/2000
10/27/2000 08:38:25 AM Fi) r
CASH
REF
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MAT
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CONTRACT MARK
MARKET
MARKET
LOAN
LOAN
RATE
MARKET'
NON-CAS
NON -CASH
NU
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RATE
DATE
QUANTITY
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PRICE
VALUE.
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HAVE
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247114MI
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5118762.50
6400
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P., 6
WELLS FARGO
Securities Lending
Deily Loan Outstanding Report
ACCOUNTNUMBER:
CASII
REF
SECURITY
NON-CASII
NUMBER
CUSIP
DESCRIPTION
CASII
1J180.IM1
656569102
NORTEL NETWORKS CORP
CASII
240387M1
755267101
READERS DIGCST ASSN INC CL A NO
CASII
147818MI
755267101
READERS DIGEST ASSN INC CL A NO
CASII
244695MI
796514208
SAEEWAY INC COM NEW
CASII
249264MI
806BS7108
SCITUMRERGER LTD ADR
CASII
248024MI
2428161M
SOUTHERN ENERGY INC DEL
CASII
248579MI
8428161M1
SOUI'IWRN ENERGY INC DEL
CASH
249412MI
9429161M
SOUTUERN ENERGY INC DEL
CASII
248204MI
8428161M
SOUTUERN ENERGY INC DEL
CASII
2J81151a11
9214361M
VE RITA S SOETWAR E CO COM
CASII
2477621101
9255243118
VIACOM INCCOM CL❑
CASII
246n50MR
942693103
WATSON PI IA RM ACCUTICA S INC COM
CASII
246505MI
942693103
WATSON PI I A R M ACEUTIGLS I NC CUM
CASII
2437SOMI
942633103
WATSON PI I A RM ACEUTICALS I NC COM
CASII
747120MI
942683103
W ATSON N A RMACE UTICA LS I NC COM
CASII
246883M1
942683103
WATSON PHA KMAC EUTICALS I NC COM
ACCOUNTTOTALS:
CLOSING
BALANCE
TOTAL MARKET VALUE
Financial Reporting
AS OF 10/20/2000
10/271200008'38:25 AM EDT
LOAN
CPN
MAT
CONTRACT
CONTRACT
MARK
MARKET
MARKET
LOAN
RATE.
MARKET
RASE
DATE.
QUANTITY
PRICE
AMOUNT
PCT
PRICE
VALUE
RASE.
FLAG
RATE
.M0
IXNIIOIIq
22,6M.
166.OMOMO
11,491.MXI.M
96.61
168.3125wo
11,543.862.50
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6.81MMMX11I
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14,2110.
S35.manowl
S497,M600
104.86
$33.315MM
$413,925.M
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6.81MXNIM
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$340MMM
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$33.375mm
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64M
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549.123MM
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6. RMMMIM
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78,4M.
$84.0 mom
$6.385.6M4M1
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16.595.400.M
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$63.93730M
$70.331,25
6.400
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6.81XXNIMI
S117,896,049.00
$117,632,284.78
Pa, 7
WELLS FARGO
Securities Lending
Daily Loan Outstanding Report
ACCOUNT NUMBER:
CASII
RF.F
SECURITY
NON.CAS11
NUMBER
CUSIP
DESCRIPTION
CASII
2462071X71
W9158106
A I R PRODS.RCI I EMS INC COM
CASII
247822001
161MA101
CRASE MANI IAI-TAN CORP NEW COM
CASII
244 IMKIJ
172967101
CITIGROUP INC
CASII
248763001
208151306
CONOCO INC CL A
CASII
246169001
23771 C 102
DIAMOND Or1'SI TORE DRILLING INCC
CASII
229650001
2527IC102
DIAMOND OIPSI IORF, DRILLING INCC
CASII
24628800I
2517I7102
DIAMOND OUSI IORE DRILLING INCC
CASII
245426MI
373298109
GEORGIA PAC (GEORGIA PAC GP)
CASII
247946MI
373298108
GEORGIA PAC(GEORGIA-PAC GP)
CASTS
748354MI
750438103
RADIOSIIACKCORP
CASII
24798WI
94106LI09
WASTE MANAGEMENT NZ LTD - NEW
ACCOUNTTOTALS:
CLOSING
BALANCE
TOTAL MARKET
VALUE
Financial Reporting
AS OF 10/20/2000
10/271200008: 38:25 AM EDT
LOAN
CAN
MAT
CONTRACT
CONTRACT
MARK
MARK.
LOAN
RATE.
DATE
QUANTITY
PRICE
A6IOUNT
PCT
PRICEMARKE'C
PRICE
VALUE.
HA 'I'6:
PI,nG
FLAG
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F.
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34.000.
$54.eIX7001N7
51,156,1101100
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$35.69750M
31.145,575JN7
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$250,206.25
600
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6.80000(X7
$7,677,798.00
$7,398,593.12
P., 8
WELLS FARGO
Securities Lending
Daily Loan Outstanding Report
ACCOUNT NUMBER:
C\SR
REF
SECURITV
NON-CASII
NUMBER
CUSIP
DESCRIPTION
CASII
144724MI
177397103
CADENCE DESIGN SYS INC I COM k
CASII
2457481)(11
131T4RVN
CALPINE CAP IIISEK 144A
CASII
24449MR14
172961101
CITIGROUP INC
CASII
237621Mn
254681106
DISNEY WALT CO COM
CASII
139R031m)
65656M02
NORTEI, NETWORKS CORP
CASII
147081Mx1]
1491211W
QWEST COMMUNICATIONS IN IT, INCC
CASII
245675002
925324309
VIACOM INC COM CL 0
ACCOUNT
TOTALS:
CLOSING
BALANCE
TOTAL MARKET VALUE
GROUP TOTALS: CLOSING BALANCE
TOTAL MARKET VALUE
Financial Reporling
AS OF 10/20/2000
10/27/2000 08:38:25 AM EDT
LOAN
CPN
61AT
CONTRACT
CONTRACT
MARK
MARKET
MARKET
LOAN
RATE.
MARKET
RATE
DATE
QUANTITY
PRICE
AMOUNT
PCT
PRICE
VALUE:
RATE
FLAG
DATE
.MIII
MVOeA10
400.
S27.0000000
SI0,8M260
102.85
$26,250 non
S10,5MI 00
6400
-R
681MROW
.IXXI
MU110/MI
6,5W.
S57.0000(00
S370,500.00
10363
S551)(N)OMXI
1357,S0n00
6A00
.R
6801MpMI
.01x5
0N00/00
8.666.
35J MIIIMpI)
1459,29P.W
104 IN
S50.9375MI0
$441,424.37
6400
.R
6.Rnnnnm
11110
MP001(0
IIIm.
33601RMK10
S396,00M1.00
9896
536375WO
S400,12500
6,450
R
6RINM1000
JIM
WIRV(X)
2,5M2.
S66.MxIIMMIO
$165.00000
9661
S68J125Mx1
S170.79I35
6AIN1
.R
6.R00IxNro
.Mp
RIME)
24,3M2.
146.0011fIINq
11,117,8110945
I00.96
S45.5625MM5
S1,107,16P]3
6AM
.R
6.IIIKMM11M1
.0M1
OMOMeO
4,100.
$53.00W000
S217,300.00
98,14
S5kW(X10
3221A0000
6.4MI
-R
6. SN"10)
$2,736,698.00
$2,708,899.37
S209,401,228.00
$207,560,245.87
END OF REPORT
N, 9
Federal Financial Institutions Examination Council
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Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices—FFIEC 031
Report at the close of business June 30, 2001
This report is required by law: 12 U.S.C. §324 (State
member banks); 12 U.S.C. §1817 (State nonmember banks);
and 12 U.S.C. §161 (National banks).
20010630
(RCR199991
This report torte is to be filed by banks with domestic office
only. Banks with foreign offices (as defined in the
instructions) must file FFIEC 031.
NOTE: The Reports of Condition and Income must be signed
The Reports of Condition and Income are to be prepared it
by an authorized officer and the Report of Condition must be
accordance with Federal regulatory authority instructions.
attested to by not less than two directors (trustees) for State
nonmember banks and three directors for State member and
National banks.
We, the undersigned directors (trustees), attest to the
4 James E. Hanson, Vice President
Name and Title of OMcar Autlodzed to Sign Report
of the named bank do hereby declare that the Reports of
Condition and Income (including the supporting schedules)
for this report date have been prepared in conformance with
the instructions issued by the appropriate Federal regulatory
authority and are true to the t W my knowledge and
belief.
Signature of Officer AuthOrimd to Sign Report
720101
Dam of Signature
Submission of Reports
Each bank must prepare its Reports of Condition and Income
either.
(a) in electronic form and then file the computer data Me
directly with the banking agencies' collection agent,
Electronic Data Systems Corporation (EDS), by modem or
on computer diskette; or
(b) in had -copy (paper) form and arrange for another party
to convert the paper report to electronic form. That parry
FDIC Certificate
httpJAvww."Ilsfaroo.mm
Primary Internet Web Address of Bank
(Home Page), it any (TEXT4087)
(Example: www.examplebenk.com)
correctrleas of the Report of Condition (including the
supporting schedules) for this report date and declare Nat
has been examined by us and to the best of our knowledgh
and belief has bean prepared in conformance with the
Instructions issued by the appropriate Federal regulatory
authority and is true and correct.
(t other than EDS) must transmit the bank's computer
data file to EDS.
For elettro JG filing assistance, contact EDS Call
Report Services, 2150 N. Prospect Ave., Milwaukee,
WI 53202, telephone (800) 255.1571.
To fulfill the signature and attestation requirement for the
Reports of Corditon and Income for this report date, attad
this signature page (or a photocopy or a oomphner-generat
version of this page) to its hardcopy, record of the comoe
report that the bank places In its files.
Donvw
City (TEXT 9130)
CO 80274-0002
Stem Morse. 7EXT 9200) tip Code (TEXT 9220)
Board of GOVen10re of the Federal Reserve System, Federal Deposit Insurance Corporation. Office of the Comptroller of the Currency
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October l2, 2001
Institutional Trust & Custody's relationship management, administration, operations, and systems
facilities are located and housed within secured buildings in Minneapolis, Chicago, Dallas,
Denver, Des Moines, Las Vegas, Los Angeles, Nashville, Phoenix, San Francisco, and St. Louis.
The chart below reflects Institutional Trust & Custody's structure.
Institutional Trust & Custody is supported by Trust Operations for all securities processing
activities, which consists of over 2,400 professionals. The following chart shows how the
operations group is organized:
Institutional Trust & Custody Page 18
FFIEC 031
Consolidated Reports of Condition and Income for Page i
A Bank With Domestic Offices Only
Table of Contents
Signature Page
Report of Income
Cover
Schedule RI - Income Statement
RIA, 2, 3
Schedule RI -A - Changes in Equity Capital
RI-4
Schedule RI-B - Charge -offs and Recoveries on
Loans and Leases and Changes in Allowance
for Loan and Lease Losses
RI-0, 5
Schedule RI-D - Income from
International Operations
RI-6
Schedule RI-E - Explanations
RI6, 7
Disclosure of Estimated Burden
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35.5 hours Par mspadwd and b eatlrtawd In wry flan 14 b500 hairs par
respalae, dapenbg an VdVMel rLancVuun. aaden egnm Wdude
Ms ame br reVok" hsKc ma, gal wtva m intahhg dale In Mr mquned
bm aM oxrpaeg Mr Warr don mrepllpn, Cut mmuda he eme for oxnpllbg
and meMahing Ws m scoria In da normal parse d a mspwWM aW ftes.
A Fedwal agaay may W m w sponsor, aM w or9.M9rpn(ar a person)k
notreguYad b raspmd b a oahcdan d Moimallon, udew ft displays a annoy
wrd DMS dnbd number. Camrone miwernirg as awaayd Ms b w
esarele and%Wedtl for ndudng Ms laden shall a dbeded to me Dace
dhtanWbncnd Regulebry AReba, dryad!VwmgmantaWaudgal.
Washroon. D.C. 20503, and In one d Ms Uw g:
Secretary
Board of Governors of the Federal Reserve System
Washington, D.C. 20551
Legislative and Regulatory Analysis Division
Office of the Comptroller of the Currency
Washington, D.C. 20219
Assistant Executive Secretary
Federal Deposit Insurance Corporation
Washington, D.C. 20429
Report of Condition
Schedule RC - Balance Sheet _ RC-1, 2
Schedule RC -A - Cash and Balances Due
From Depository Institutions RG3
Schedule RC-B - Securities RC-3, 4, 5
Schedule RC-C - Loans and Lease Financing Receivat
Part I. Loans and Leases RC-6, 7
Part II. Loans to Small Businesses and
Small Farms (to be completed for the
June report only; not included in the forms
for the September and December r RC-7a, 71b
Schedule RC-D - Trading Assets and Liabilities
(to be completed only by selected b RC-8
Schedule RC-E - Deposit Liabilities _ RC-9, 10
Schedule RC-F - Other Assets RC-11
Schedule RC-G - Other Liabilities _ RC-11
Schedule RC-H - Selected Balance Sheet Items
for Domestic Offices RG12
Schedule RGI -Assets and Liabilibe RC-12
Schedule RC-K - Quarterly Average; RC-13
Schedule RC-L - Derivatives and
Off -Balance Sheet Items RC-14, 15
Schedule RC-M - Memoranda RC-16
Schedule RC-N - Past Due and Nonaccual
Loans, Leases, and Other Assets _ RC-17. 18
Schedule RC-O - Other Data for Deposit
Insurance and FICO Assessments. RC-19, 20
Schedule RC-R - Regulatory Capital RC-21,22,
23,24
Schedule RCS - Securitization and
Asset Sales Activities RC-2526,
27,27a
Schedule RC-T - Fiduciary and Related Services (to be
Completed beginning December 31 RC-28, 29, 30
Optional Narrative Statement Concerning
the Amounts Reported in the Reports
of Condition and Income RC-31
Special Report (to be completed by all banks)
For information or assistance, national and state nonmember banks should contact the FDIC's Reports Analysis and Quality
Control Section, 550 17th Street, NW, Washington, D.C. 20429, toll free on (800) 688-FDIC(3342), Monday through Friday
between 8:00 a.m. and 5:00 p.m., Eastern time. State member banks should contact their Federal Reserve District Bank.
Wells Fargo Bank West, NA.
Legal Title of Bank
FFIEC 031
RI-1
Denver
802740002
-.•fe Zip Code
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number -03011
Consolidated Report of Income
for the period January 1, 2001 —June 30, 2001
All Report of Income schedules are to be reported on a calendar year-to-date basis in
thousands of dollars.
Schedule RI —Income Statement
Dollar Amounts in Thousands
RIAo Bil Mil
1. Interest Income:
a. Interest and fee income on loans:
(1) In domestic offices:
(a) Loans secured by real estate
1.a.1.a
(b) Loans to finance agricultural production and other loans to farmers
1.a.1.b
(c) Commercial and industrial loans
JB�48683,906
1.a.1.c
(d) Loans to individuals for household, family, and other personal expendiatures:
(1) Credit cards
1.a.1.d.1
(2) Other (includes single payment, installment, all student loans, and revolvincredit
plans other than credit cards)
t.a.1.d.2
(a) Loans to foreign governments and official institutions
4056
0
1.a.1.e '
(f) All other loans In domestic offices
B487
8,038
1.a.1.f
(2) In foreign offices, Edge and Agreement subsidiaries, and IBFs _
4059
0
1.a.2
(3) Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(2))
4oio
408,500
1.a.3
b. Income from lease financing receivables
4065
5
1.b
c. Interest Income on balances due from depository Institutions: (1)
411
112,816
1.c
d. Interest and dividend income on securities:
,(1) U.S. Treasury securities and U.S. Government agency obligations (excluding
mortgage -backed securities)
B498
5,591
1.d.1
(2) Mortgage -backed securities
B489
111,335
142
2
(3) All other securities (includes securities issued by states and political subdivision
. ..
'
in the U.S.)
40601
1,543 1
1 A.3
e. Interest income from trading assets
40691
0
1.e
f. Interest income on federal funds sold and securities purchased under agreements to resell
4020
420
t.f
g. Other interest income
a516
545
1.g
h. Total interest income (sum of items t.a.(3) through 1.g)
ato7
540,755
1.h
2. Interest expense:
-
a. Interest on deposits:
(1) Interest on deposits in domestic offices:
(a) Transaction accounts (NOW accounts, ATS accounts, and
telephone and preauthorized transfer accounts)
6,102
2.a.1.a
(b) Nontransaction accounts:
1k:1jw"
j4
(1) Savings deposits (includes MMOAs)
oase
61,749
2.a.t.b.1
(2) Time deposits of $100,000 or more
A517
8,767
2.a.1.b.2
(3) Time deposits of less than $100,000
A51B
18,891
2.a.1.b.3
(2) Interest on deposits in foreign offices, Edge and agreement subsidiaries, and IBFs
a17z
12,805
2.a.2
It. Expense of federal funds purchased and securities sold under agreements to repurchase
oleo
78,232
2.b
c. Interest on trading liabilities and other borrowed money
4185
572
2.c
(1) Includes interest income on time certificates of deposits not held for trading.
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RI -Continued
Dollar Amounts in Thousai
2. Interest expense (continued):
d. Interest on subordinated notes and debentures
e. Total interest expense (sum of items 2.a through 2.d)
3. Net interest income (item 1.h minus 2.e)
4. Provision for loan and lease losses
S. Noninterest income:
a. Income from fiduciary activities (1)
b. Service charges on deposit accounts in domestic offices
c. Trading revenue (2)
d. Investment banking, advisory, brokerage, and underwriting fees
and commissions
e. Venture capital revenue
f. Net servicing fees
g. Net securitization Income
h. Insurance commissions and fees
I. Net gains (losses) on sales of loans and leases
J. Net gains (losses) on sales of other real-estate owned _
k. Net gains (losses) on sales of other assets (excluding securities) _.
1. Other noninterest income'
m. Total noninterest income (sum of items 5.a through 5.1)
6. a. Realized gains (losses) on held -to -maturity securities
b. Realized gains (losses) on available -for -sale securities
7. Noninterest expense:
a. Salaries and employee benefits
b. Expenses of premises and fixed assets (net of rental income)
(excluding salaries and employee benefits and mortgage interest)
c. Amortization expense of intangible assets (including goodwill) _
d. Other noninterest expense'
e. Total noninterest expense (sum of items 7.a through 7.d)
8. Income (loss) before income taxes and extraordinary
items, and other adjustments (Rem 3 plus or minus dams 4, 5.m,
6.a, 6.b, and 7.e)
9. Applicable income taxes (on item 8)
10. Income (loss) before extraordinary items and other adjusments
(Item 8 minus Rem 9)
11. Extraordinary items and other adjustments, net of income taxes'
12. Net income (loss) (sum of items 10 and 11)
FFIEC 031
RI-2
2.d
2.e
5.a
5.b
5.c
5.d
5.e
5.f
5.g
5.h
5.1
5.j
5.k
5.1
5.m
6.a
7.a
7.b
7.c
7.d
' Describe on Schedule RI-E - Explanations.
(1) For banks required to complete Schedule RC-T, items 12 through 19, income from fiduciary activities reported in Schedule RI,
item 5.a, must equal the amount reported in Schedule RGT, item 19.
(2) For banks required to complete Schedule RI, Memorandum Rem 8, trading revenue reported in Schedule RI, item 5.c
must equal the sum of Memorandum items 8.a through 8.d.
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/O1 at 15:55:15 CST
PnIC Certificate Number - 03011
Ahedule RI —Continued
memoranaa Dollar Amounts in Tt
1. Interest expense incurred to tarty tax-exempt securities, loans, and leases acquired all
August 7, 1986, that is not deductible for federal income tax purposes
2. Income from the sale and servicing of mutual funds and annuities in domestic offices
(included in Schedule RI, item 8)
3. Income on tax-exempt loans and leases to states and political subdivisions in
the U.S. (included in Schedule RI, items 1.a and t.b)
4. Income on tax-exempt securities issued by states and political subdivisions in the U.S.
(included in Schedule RI, item 1.d.(3))
5. Number of full-time equivalent employees at end of current period (round to
nearest whole number)
6. Not applicable
7. If the reporting bank has restated its balance sheet as a result of applying push dowr
accounting this calendar year, report the date of the bank's acquisition (1)
8. Trading revenue (from cash instruments and derivative instruments)
(sum of Memorandum items 8.a through 8A must equal Schedule RI, Rem 5.c)
(To be completed by banks that reported average trading assets
(Schedule RC-K, Item 7) of $2 million or more for any quarter of the
preceding calendar year.):
a. Interest rate exposures
b. Foreign exchange expo
c. Equity security and inde
d. Commodity and other a
Impact on income of derivatives held for purposes other than trading:
Net increase (decrease) to interest income
u. Net (increase) decrease to interest expense
c. Other (noninterest) allocations
10. Credit losses on derivatives (see instructions)
11. Does the reporting bank have a Subchapter S election in effect for
federal income tax purposes for the cunent tax year 7
(1) For example, a bank acquired on June 1, 2001, would report 2001 G601
FFIEC 031
RI-3
MA
M.5
M.8.a
M.8.b
M.B.c
M.B.d
10
11
Wells Fargo Bank West, NA. FFIEC 031
Legal Title of Bank RIA
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RI -A —Changes in Equity Capital
Indicate decreases and losses in parentheses.
of Condition and Income (i.e., after adjustments from amended Reports of Income)
2. Restatements due to corrections of material accounting errors and changes in
accounting principles'
3. Balance end of previous calendar year as restated (sum of items 1 and 2)
4. Net income (loss) (must equal Schedule RI, item 12)
5. Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury
stock transactions)
3217
1,026.977
1
2
3
4
5
6507
0
B508
1,026,977
4340
117,002
B509
0
6. Treasury stock transactions, net
7. Changes incident to business combinations, net
8. LESS: Cash dividends declared on preferred stock
9. LESS: Cash dividends declared on common stock
10. Other comprehensive Income (1)
11. Other transactions with parent holding company' (not Included in items 5, 6, 8, or 9 above)
12. Total equity capital end of current period (sum of items 3 through 11) (must equal
Schedule RC, item 28)
B510
0
6
7
8
9
10
11
12
4356
0
4470
0
4460
116,000
Bstt
9,332
eats
0
3210
1,019,647
Describe on Schedule RI-E - Explanations.
(1) Includes changes in net unrealized holding gains (losses) on available -for -sale securities, changes in accumulated net gains
(losses) on cash flow hedges, foreign currency translation adjustments, and changes in minimum pension liability adjustments.
Schedule RI-B—Charge-offs and Recoveries on Loans and Leases
and Changes in Allowance for Loan and Lease Losses
Part 1. Charge -offs and Recoveries on Loans and Leases
Part I excludes charge -offs and recoveries through
the allocated transfer risk reserve.
Dollar Amounts in Thousands
1. Loans secured by real estate:
a. Construction, land development, and other land loans in domestic
offices
b. Secured by farmland in domestic offices
c. Secured by 1-4 family residential properties in domestic offices:
(1) Revolving, open-end loans secured by 1.4 family residential
properties and extended under lines of credit
(2) Closed -end loans secured by 1-4 family residential properties
d. Secured by multifamily (5 or more) residential properties in domestic
offices
e. Secured by nonfarm nonresidential properties in domestic offices
f. In foreign offices
2. Loans to depository institutions and acceptances of other banks:
a. To U.S. banks and other U.S. depository institutions
b. To foreign banks
3. Loans to finance agricultural production and other loans to fanners
4. Commercial and industrial loans:
a. To U.S. addressees (domicile)
b. To non-U.S. addressees (domicile)
5. Loans to individuals for household, family, and other personal
expenditures:
a. Credit cards
b. Other (includes single payment, installment, all student loans
and revolving credit plans other than credit cards)
Ar�W6c
k >�"""'�"'--.39fftidrL^ins
B5141 0 IBS151 0
t.
ntaT
85163,305
1 B5171 1,670
(1) Include write -downs arising from transfers of loans to the held -for -sale account.
t.a
t.b
1.c.1
1.c.2
1.d
t.e
t.f
2.a
2.b
3
4.a
4.b
5.a
5.b
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
fCertificate Number - 03011
zjchedule RI-B—Continued
Part 1. Continued
Dollar Amounts in Thousands
6. Loans to foreign governments and official Institutions
7. All other loans
8. Lease financing receivables:
a. To U.S. addressees (domicile)
b. To non-U.S. addressees (domicile)
9. Total (sum of items 1 through 8)
Memoranda
Dollar Amounts in
1. Loans to finance commercial real estate, construction, and land
development activities (not secured by real estate) included in
Schedule RI-B, part I, items 4 and 7, above
2. Loans secured by real estate to non-U.S. addresses (domicile)
(included in Schedule RI-B, part I, item 1, above):
FFIEC 031
RI-5
0
( Column A ( Column B
Charge -offs 1 Recoveries
Calendar ear -to -date
RIAD
Bil I MR I ThOuRIADIBil
I Mil
4643
0
146271
0
4644
to
281
46281
5
4658
0
4668
0
4659
0
46691
0
4635
11,639
4605
3,421
(1) Include writedowns arising from transfers of loans to the held -for -sale account.
Part It. Changes in Allowance for Loan and Lease Losses
Ind Income (i.e., after adjustments from amended Reports of Income)
2. Recoveries (must equal part I, Rem 9, column B above)
3. LESS: Charge -offs (sum of part I, item 9, column A above and Schedule RI-E, item 6.a)
4. Provision for loan and lease losses (must equal Schedule RI, item 4)
5. Adjustments' (see instructions for this schedule)
6. Balance end of current period (sum of items 1 through 5)
(must equal Schedule RC, item 4.c)
Include as a negative number writedowns arising from transfers of loans to the held -for -sale account. Describe
all adjustments on Schedule RI-E—Explanations, item 6.
8.a
8.b
9
M.1
Wells Fargo Bank West, NA. FFIEC 031
Legal Title of Bank RI-6
Transmitted to EDS as 0140280 on 0727/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RI-D—Income from International Operations
For all banks with foreign offices, Edge or Agreement subsidiaries, or IBFs where international operations
account for more than 10 percent of total revenues, total assets, or net income.
1. interest income and expense attributable to international operations:
a. Gross Interest Income
b. Gross interest expense
2. Net interest Income attributable to international operations (item 1.a minus 1.b)
3. Noninterest Income and expense attributable to international operations:
a. Noninterest income attributable to International operations
b. Provision for loan and lease losses attributable to international operations
c. Other noninterest expense attributable to international operations
d. Net noninterest income (expense) attributable to international operations (item 3.a minus
3.b and 3.c)
tyAwagnmem
8523 WA
I 1.a
6524 WA
t.b
e525 WA
2.
3.a
4097
WA
4235
WA
3.b
4239
WA 3.c
WA 3A
4843
4. Estimated pretax income attributable to international operations before capital allocation
adjustment (sum of Items 2 and 3.d)
5. Adjustment to pretax income for internal allocations to international operations to reflect
the effects of equity capital on overall bank funding costs
6. Estimated pretax Income attributable to intemational operations after capital allocation
adjustment (sum of items 4 and 5)
7. Income taxes attributable to income from International operations as estimated in item 6
8. Estimated net income attributable to international operations (item 6 minus 7)
4944 WA 4
4645 WA 5
4946 WA 6
47e7
WA 7
4341
WA 8
Wells Fargo Bank West, NA.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
v,C Certificate Number - 03011
,. hedule RI-E—Explanations
Schedule RI-E is to be completed each quarter on a calendar year-to-date basis.
Detail all adjustments in Schedules RI -A and RI-B, all extraordinary items and other adjustments in
Schedule RI, and all significant items of other noninterest income and other noninterest expense in
Schedule RI. (See instructions for details.)
1. O
Its
S
9•
h.
2. 0
It
i)♦3'
b. (1
C. (1
FFIEC 031
RI-7
LJ
1.a
1.b
1.c
t.d
1.e
1.f
1.g
1.h
2.a
2.b
2.c
2A
2.e
2.f
2.g
2.h
2.1
2.j
3.a.1
3.a.2
3.b.1
3.b.2
3.c.1
3.c.2
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RI-E—Continued
4.R
c
(fro
a.
b.
5.
(it
(its
a.
b.
6. A
pa
FFIEC 031
RI-8
0
hanges
Other
Year-to-Dat
Dollar Amounts in Thousands RIAD
Bfi Mil
estatements due to corrections of material accounting errors and
in accounting principles
m Schedule RI -A, item 2) (itemize and describe all restatements):
TEXT
8526
B526 0
85 77
B527 0
transactions with parent holding company (from Schedule RI -A, item 11)
a.
b.
Other explanations (the space below is provided for the bank to briefly describe, at its option, any other significant
items affecting the Report of Income): RIAD
X=NO COMMENT -Y=COMMENT _47I e9T—�__
Other explanations (please type or print dearly):
_TEXT ( 70 characters per line )
4.a
4.b
5.a
5.b
6.a
6.b
Wells Fargo Bank West, N.A. FFIEC 031
Legal Title of Bank RC-1
Denver
1 SE+008 11
a,dte Zip Code
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Consolidated Report of Condition for Insured Commercial
and State -Chartered Savings Banks for June 30, 2001
All schedules are to be reported in thousands of dollars. Unless otherwise indicated,
report the amount outstanding as of the last business day of the quarter.
Schedule RC —Balance Sheet
1. Cash and balances due from depository institutions (from Schedule RC -A):
a. Noninterest-bearing balances and currency and coin (1)
b. Interest -bearing balances (2)
2. Securities: a. Held -to -maturity securities (from Schedule RC-B, column A)
b. Available -for -sale securities (from Schedule RC-B, column D)
3. Federal funds sold and securities purchased under agreements to resell
4. Loans and lease financing receivables (from Schedule RC-C):
a. Loans and leases held for sale
b. Loans and leases, net of unearned income Bsza 9,621,076
c. LESS: Allowance for loan and lease losses 3123 111,085
d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)
5. Trading assets (from Schedule RC-D)
6. Premises and fixed assets (including capitalized leases)
- 181er real estate owned (from Schedule RC-M)
{vestments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)
9. Customers' liability to this bank on acceptances outstanding
10. Intangible assets
1.a
1.b
2.a
2.b
3
4.a
4.b
4.c
4A
5
6
7
8
9
0
Zsm691.587
1
a52a
9,509,991
3545
764
2145
125,696
2150
1,265
2130
0
2155
211
a. Goodwill
3163
45,996
Me
b. Other intangible assets (from Schedule RC-M) 0426 36,037 10.b
11. Other assets (from Schedule RC-F) 21601 322,613 11
12. Total assets (sum of items 1 through 11) 2170 F15,8 88,630 12
(1) Indudes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
b. Briefly describe your institutional custody service capabilities and what capabilities set you
apart from other providers.
At Wells Fargo, every client receives our best service. Wells Fargo's success can be attributed to
our consideration of the client in everything we do. Institutional Trust & Custody received a
world class rating in satisfaction and recommendation from our clients in our most recent annual
independent service quality survey!
We have two guiding principles in providing a superior customer experience.
First, we make every decision with the customer experience in mind,
and second, we execute it to perfection.
We want to be known:
➢ by our customers for outstanding service, sound financial advice and a broad
product line that helps them succeed financially;
➢ by our team members as a great place to work, as a company that cares and
fosters effective two-way communication; and
➢ by our communities as an active leader in economic development, services that
promote economic self-sufficiency, education, the arts and spirited
volunteerism.
"Caring for our customers, each other,
and our communities will make the
difference!
Below, we have included a description of the philosophies we use each and every day, to
demonstrate our commitment and dedication to our customers and their businesses.
The Wells Fargo Advantage — "Global Reach"
Glc
What's "global reach"? --- record growth; global technology;
real-time, multi -currency processing; putting technology in
each client's hands; custom solutions; complete spectrum of
products & services; and dedicated, experienced staff. That's
global reach!
Institutional Trust & Custody Page 19
Wells Fargo Bank West, N.A.
Legal Tide of Bank
Transmitted to EDS as 0140280 on 0727101 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RC —Continued
13. Deposits:
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E,
part 1)
(1) Noninterest-bearing (1) efi31
(2) interest-bearing6636
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs
(from Schedule RC-E, part II)
(1) Noninterest-bearing 6631
(2) Interest -bearing seas
14. Federal funds purchased and securities sold under agreements to repurchase _
15. Trading liabilities (from Schedule ROD)
16. Other borrowed money (includes mortgage indebtedness and obligations
under capitalized leases) (from Schedule RC-M):
17. Not applicable
18. Bank's liability on acceptances executed and outstanding
19. Subordinated notes and debentures(2)
20. Other liabilities (from Schedule RC-G)
21. Total liabilities (sum of items 13 through 20)
22. Minority interest in consolidated subsidiaries
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus
24. Common stock
25. Surplus (exclude all surplus related to preferred stock)
26. a. Retained earnings
b. Accumulated other comprehensive Income (3)
27. Other equity capital components (4)
28. Total equity capital (sum of items 23 through 27)
29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)
FFIEC 031
RC-2
12
13.a.1
13.a.2
13.b
13.b.1
13.b.2
14
15
23
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the statement below that best describes the
most comprehensive level of auditing work performed for the bank by independent external RCF Number
auditors as of any date during 2000 1 srza L.I. M. 1
1 = Independent audit of the bank conducted in accordance
with generally accepted auditing standards by a certified
public accounting firm which submits a report on the bank
2 = Independent audit of the bank's parent holding company
conducted in accordance with generally accepted auditing
standards by a certified public accounting firm which
submits a report on the consolidated holding company (but
not on the bank separately)
3 = Attestation on bank management's assertion on the
effectiveness of the bank's internal control overfinancial
reporting by a certified public accounting firm
4 = Directors' examination of the bank conducted
in accordance with generally accepted auditing
standards by a certified public accounting firm
(may be required by state chartering authority)
5 = Directors' examination of the bank performed by
other external auditors (may be required by state
chartering authority)
6 = Review of the bank's financial statements by
external auditors
7 = Compilation of the bank's financial statements by
external auditors
8 = Other audit procedures (excluding tax
preparation work)
9 = No external audit work
(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
(2) Includes limited -life preferred stock and related surplus.
(3) Includes net unrealized holding gains (losses) on available -for -sale securities, accumulated net gains (losses) on
cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.
Wells Fargo Bank West, NA.
FFIEC 031
Legal Tille of Bank
RC-3
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
Certificate Number - 03011
13
. -;;)) Iedule RC -A --Cash and Balances Due From Depository Institutions
Exclude assets held for trading.
solidated Domestic
Bank I Offices
1. Cash items in process of collection, unposted debits, and currency and
min
a. Cash items in process of collection and unposted debits
b. Currency and min
2. Balance due from depository institutions in the U.S.
a. U.S. branches and agencies of foreign banks (Including their IBFs) _
b. Other commercial banks in the U.S. and other depository institutions
in the U.S. (including their IBFs)
3. Balances due from banks in foreign countries and foreign central banks
a. Foreign branches of other U.S. banks
b. Other banks in foreign countries and foreign central banks
4. Balances due from Federal Reserve Banks
5. Total (sum of items 1 through 4) (total of column A must equal
Schedule RC, sum of items t.a and 1.b)
Schedule RC-B—Securities
Exclude assets held for trading.
Amortized Cost Fair Value
Dollar Amounts in
2. U.S. Government agency obligations
(exclude mortgage -backed securities):
a. Issued by U.S. Government agencies
b. Issued by U.S. Government -sponsored
agencies (2)
3. Securities Issued by states and
political subdivisions in the U.S.
2.a
2.b
3
3.a
3.b
(1) Includes Small Business Administration 'Guaranteed Loan Pool Certificates,' U.S. Maritime Administration obligations, and
Export - Import Bank participation certificates.
(2) Includes obligations (other than mortgage -backed securities) issued by the Farm Credit System, the Federal Home Loan Bank
System, The Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, the Financing Corporation,
Resolution Funding Corporation, the Student Loan Marketing Association, and the Tennessee Valley Authority.
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RC-B—Continued
Amortized
4. Mortgage -backed securities (MBS):
a. Pass -through securities:
(1) Guaranteed by GNMA
(2) Issued by FNMA and FHLMC
(3) Other pass -through securities
b. Other mortgage -backed securities (incli
CMOs, REMICs and stripped MBS):
(1) Issued or guaranteed by FNMA,
FHLMC, or GNMA
(2) Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNN
(3) All other mortgage -backed securities
5. Asset -backed securities (ABS):
a. Credit card receivables
b. Home equity lines
C. Automobile loans
d. Other consumer loans
e. Commercial and Industrial loans
f. Other
6. Other debt securities:
a. Other domestic debt securities
b. Foreign debt securities
7. Investments in mutual funds and
other equity securities with
readily determinable fair values (1)
8. Total (sum of items 1 through 7) (total of
Column A must equal Schedule RC item 2.k
(total of column D must equal Schedule RC
item 2.b)
(1) Report Federal Reserve stock, Federal Home Loan Bank stock, and bankers bank stock in Schedule RC-F, item 4.
FFIEC 031
RC-0
4.b.1
5.a
Wells Fargo Bank West, N.A.
Legal Tifle of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Jhedule RC-B—Continued
Memoranda _. Dollar Amounts in Thousands
1. Pledged securities (1)
2. Maturity and repricing data for debt securities (1, 2) (excluding those in nonaccrual status):
a. Securities issued by the U.S. Treasury, U.S. Government agencies, and states
and political subdivisions in the U.S.; other non -mortgage debt securities; and
mortgage pass -through securities other than those backed by closed -end
first lien 1-4 family residential mortgages with a remaining maturity or next repricing
date of: (3,4)
(1) Three months or less
(2) Over three months through 12 months
(3) Over one year through three years
(4) Over three years through five years
(5) Over five years through 15 years
(6) Over 15 years
b. Mortgage pass -through securities backed by closed -end first lien 1-4 family
residential mortgages with a remaining maturity or next repricing date of. (3,5)
(1) Three months or less
(2) Over three months through 12 months
(3) Over one year through three years
(4) Over three years through five years
(5) Over five years through 15 years
(6) Over 15 years
c. Other mortgage -backed securities (include CMOs, REMICs, and stripped MBS;
exclude mortgage pass -through securities) with an expected average life of. (6)
(1) Three years or less
(2) Over three years
y Debt securities with a REMAINING MATURITY of one
year or less (included in Memorandum items 2.a through 2.c above)
3. Amortized cost of held -to -maturity securities sold or transferred to available -for -sale or
trading securities during the calendar year-to-date (report the amortized cost at date
of sale or transfer)
4. Structured notes (included in the held -to -maturity and available -for -sale accounts in
Schedule RC-B, items 2, 3, 5, and 6):
a. Amortized cost
b. Fair value
FFIEC 031
R05
15
M2.a.1
M.2.a.2
M2.b.4
M2.b.5
M2.b.6
M.2.c.1
M.2.c.2
M.2.d
(1) Includes held -to -maturity securities at amortized cost and available -for -sale securities at fair value.
(2) Exclude Investments in mutual funds and other equity securities with readily determinable fair values.
(3) Report fixed rate debt securities by remaining maturity and floating rate debt securities by next repricing date.
(4) Sum of Memorandum items 2.a.(1) through 2.a.(6) plus any nonaccrual debt securities in the categories of debt securities
reported in Memorandum Rem 2.a that are included in Schedule RC-N, item 9, column C. must equal Schedule RC-B, sum
of items 1, 2, 3, 5, and 6, columns A and D, plus mortgage pass -through securities other than those backed by closed -end
first lien 1-4 family residential mortgages included in Schedule RC-B, Item 4.a, columns A and D.
(5) Sum of Memorandum items 2.b.(1) through 2.b.(6) plus any nonaccrual mortgage pass -through securities backed by
dosed -end first lien 1-4 family residential mortgages included in Schedule RC-N, item 9, column C. must equal Schedule RC-B,
item 4.a, sum of columns A and D, less the amount of mortgage pass -through securities other than those backed by dosed-em
first lien 1-4 family residential mortgages included in Schedule RC-B, item 4.a, columns A and D.
(6) Sum of Memorandum items 2.c.(1) and 2.c.(2) plus any nonaccrual "Other mortgage -backed securities" included in
Schedule RC-N, item 9, column C, must equal Schedule RC-B, item 4.b, sum of columns A and D.
Wells Fargo Bank West, NA.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RC-C—Loans and Lease Financing Receivables
Part I. Loans and Leases
Do not deduct the allowance for loan and lease losses from amounts
reported in this schedule. Report(1)loans and leases held
for sale and (2) other loans and leases, net of unearned income.
Report loans and leases net of any applicable allocated transfer risk reserve.
Exclude assets held for trading and commercial paper.
1. Loans secu
a. Constru
b. Secured
improven
c. Secured
(1) Revol
propel
(2) Close
(a) Sr
(b) Sr
d. Secured
e. Secured
2. Loans to r
a. To oomm
(1) To U:
(2) To ott
b. To other i
c. To banks
(1) To for
(2) To ott
3. Loans to fin
4. Commercial
a. To U.S. a
b. To non-U
5. Not applicat
6. Loans to inc
expenditure
a. Credit ca
b. Other nor
c. Other cor
and all at
7. Loans to for
foreign cent
8. Obligations
subdivisions
9. Other loans
a. Loans for
b. All other I
10. Lease finan,
a. Of U.S. a,
b. Of non-U.
11. LESS: Any )
12. Total loans
through 10
Schedule R
(Coumn A)
(Column B)
Consolida
Domestic
Bank
Offices
Dollar Amounts in Thousands RCF BI MR
Co Bil I Mil
red by real estate
114101 6.479,884
:tion, land development, and other land loans
rats 420,058
by farmland (including farm residential and other
rents)
Lazo 25,873
by 1-4 family residential properties:
ving, open-end bans secured by 1.4 family residential
lies and extended under lines of credit
t7s7 1,875,772
d-end loans secured by 1-4 family residential properties:
)cured by first liens
5387 720,398
)cured by junior liens
5366 2,654,234
3y multifamily (5 or more) residential properties
4601 47,390
3y nonfarm nonresidential properties
14e0 736,14t
repository Institutions and acceptances of other banks:
ercial banks in the U.S.
8531 165,037
3. branches and agencies of foreign banks
B53211 0
ier commercial banks in the U.S.
8533 t65,037
iepository institutions in the U.S.
s5aa 0
11534 0 ;
in foreign countries
8535 0 ;
sign branches of other U.S. banks
8536 0
ier banks in foreign countries
8537 0
ante agricultural production and other loans to fanners
15eo 119,677
t590
t 19,677 ;
and industrial loans:
ddressees (domicile)
1783 977,494
1763
977,494
.S. addressees (domicile)
17sa 47
nee
47
de.
lividuals for household, family, and other personal
s (i.e., consumer loans) (includes purchased paper):
rds
853e291
e53e
291 f
rolving credit plans
Bras 1,021,746
e53s
1,021,748 f
sumer bans (includes single payment, installment, and
udent loans
2ot1 1,345,444
zo111,345,444 E
sign government and official institutions (including
"al banks)
2oet 0
zo61 0 i
(other than securities and leases) of states and political
in the U.S.
z1o7 29,837
21071 29,837 E
i563 173,126
purchasing or carrying securities (secured and unsecured)
'
15451
11,003 I
Sans (exclude consumer loans)
ise4l
162,123 c
ang receivables (net of unearned income)
21651 100 1
z18z too
idressees (domicile)
1
S. addressees (domicile)
21e3 0
meamed income on loans reflected in items 1-9 above
2123 0
2123 0 1
)nd leases, net of unearned income (sum of items 1
+
minus Rem 11) (total of column A must equal.
C. item 4.a and 4.1b)
2122 10,312,663
2122 10,312,863 1
FFIEC 031
RC-6
I.c.2.a
I.c.2.b
.d
Le
!.a
).a.1
!.a.2
).b
!.c
!.c.1
!.0.2
La
Lb
,.a
i.b
,.a
i.b
0
0'a
O.b
1
Wells Fargo Bank West, NA. FFIEC 031
Legal Me of Bank RC-7
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:16 CST
-'f Cerfificate Number -03011 17
ochedule RC-C—Continued
Part 1. Continued
1. Loans and Leases restructured and in compliance with mol
erms
(included in Schedule RC-C, part I, and not reported as past
nonaccrual In Schedule RC-N, Memorandum item 1) (exclude secured
by 1-4 family residential properties and loans to individuals f
household, family, and other personal expenditures)le15,619,934
0
M.1
2. Maturity and repricing data for loans and leases (excluding those in rual status):
a. Closed -end loans secured by first liens on 14 family residential prin domestic
offices (reported in Schedule RC-C, part I, item 1.c.(2)(a), column
with a remaining maturity or next repricing date of: (1, 2)RC
(1) Three months or less
gs36
M2.a.1
(2) Over three months through 12 monthsg591
M2.a.2(3)
Over one year through three yearsA573
M2.a.3
(4) Over three years through five yearsgs2
M2.a.4(5)
Over five years through 15 yearsA55
M2.a.5
(6) Over 15 years
A518 M2.a.6
b. All loans and leases (reported in Schedule RGC, part I, items 1 th, column A)EXCLUDING
dosed -end loans secured by first liens on 14 family rtial propertiesin
domestic offices (reported in Schedule RC-C, part I item 1.c.(2)(mn B) with aremaining
maturity or next repricing date of: (1,3)RC
(1) Three months or less
A54
M2.b.1
(2) Over three months through 12 months
A571
190,738'MI .b.2
(3) Over one year through three years
A572
393,473 M2.b.3
(4) Over three years through five years
A573
534,052
M2.b.4
(5) Over five years through 15 years
g574
2,265,982
M2.b.5
(6) Over 15 years
A575
576,747
M2.b.6
c. Loans and leases (reported in Schedule RC-C, part 1, items t through 10, column A)
with a REMAINING MATURITY of one year or less (excluding those in nonaccrual status)
A247 3,815,216
M2.c
3. Loans to finance commercial real estate, construction, and
land development activities (not secured by real estate)
included in Schedule RC-C, part I, items 4 and 9, column A (4)
2746 92,007
M.3
4. Adjustable rate closed -end loans secured by first liens on
14 family residential properties in domestic offices
RCON.
(included in Schedule RC-C, part I, item 1.c.(2)(a), column B)
5370 102,962
MA
5. Loans secured by real estate to non-U.S. addresses (domicile) (included in
RCF .
Schedule RC-C, part I, item 1, column A)
B837 0
M.5
(1) Report fixed rate loans and leases by remaining maturity and floating rate loans by next repricing date.
(2) Sum of Memorandum items 2.a.(1) through 2.a.(6) plus total nonaccrual closed -end loans seared by first liens on
1-4 family residential properties in domestic offices included in Schedule RGN, Rem 1.c.(2), column C must
equal total closed -end loans secured by first liens on 14 family residential properties from .
Schedule RC-C, part I, item 1.c.(2)(a), column 8
(3) Sum of Memorandum items 2.b.(1) through 2.b.(6) plus total nonaccrual loans and leases from Schedule
RC-N, sum of items 1 through 8, column C, minus nonaccrual dosed -end loans secured by first
liens on 14 family residential properties in domestic offices included in Schedule RC-N,
item 1.c.(2), column C, must equal total loans and leases from Schedule RC-C, Part I, sum or items
1 through 10, column A, minus total closed -end loans secured by first liens on 14 family
residential properties in domestic offices from Schedule RC-C, part I, item 1.c.(2)(a), column B.
(4) Exclude loans secured by real estate that are included in Schedule RC-C, part I, item 1, column A.
Wells Fargo Bank West, NA FFIEC 031
Legal Tide of Bank RG7a
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number -03011 17a
Schedule RC-C—Continued
Part It. Loans to Small Businesses and Small Farms
Schedule RC-C, Part II is to be reported only with the June Report of Condition.
Report the number and amount currently outstanding as of June 30 of business loans with "original amounts" of $1,000,000
or less and farm loans with "original amounts" of $500,000 or less. The following guidelines should be used to determine
the 'original amount" of a loan: (1) For loans drawn down under lines of credit or loan commitments, the "original amount" of
the loan is the size of the line of credit or loan commitment when the line of credit or loan commitment was most recently
approved, extended, or renewed prior to the report date. However, if the amount currently outstanding as of the report date
exceeds this size, the "original amount" is the amount currently outstanding on the report date. (2) For loan participations
and syndications, the "original amount" of the loan participation or syndication is the entire amount of credit originated by the
lead lender. (3) For all other loans, the "original amount" is the total amount of the ban at origination or the amount currently
outstanding as of the report date, whichever is larger.
Loans to Small Businesses
1. Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your bank's "Loans
seared by nonfarm nonresidential properties" in domestic offices reported in Schedule RC-C, part I, item 1.e, column B,
and all or substantially all of the dollar volume of your bank's "Commercial and industrial loans to U.S. addressees'
in domestic offices reported in Schedule RGC, part I, item 4.a, column B, have original amounts of $ 100,000 or less
(If your bank has no bans outstanding in BOTH of these two loan categories, RCOiT YES/ NO
place an "V in the box marked "NO.") seas NO t
If YES, complete items 2.a and 2.b below, skip items 3 and 4, and go to item 5.
If NO, and your bank has loans outstanding in either loan category, skip items 2.a and 2.b,
complete items 3 and 4 below, and go to item 5. If NO and your bank has no loans outstanding
in both loan categories, skip items 2 through 4, and go to item 5.
2. Report the total number of loans currently outstanding for each of the following
Schedule RC-C, part I, loan categories:
a. "Loans secured by nonfarm nonresidential properties" in domestic offices F Number
reported in Schedule RC-C, part I, Rem 1.e, column B (Note: Item 1.e, column IRCO of Loans
divided by the number of loans should NOT exceed $100,000.) 5562 WA 2.a
b. "Commercial and industrial loans to U.S. addressees" in domestic offices
reported in Schedule RC-C, part I, Rem 4.a, column B (Note: Item 4.a,
column B, divided by the number of loans should NOT exceed $100,000.) s56s WA 2.b
Number Amount
of Loans Currently
3. Number and amount currently outstanding of "Loans secured by nonfarm
CON
CON all I Mil I Thou
nonresidential properties" in domestic offices reported in Schedule RC-C,
part I, Rem 1.e, column B (sum of items 3.a through 3.c must be less than
or equal to Schedule RC-C, part I, item 1.e, column B):
a. With original amounts of $100,000 or less
5564
762
5w5l 35,340
3.a
b. With original amounts of more than $100,000 through $250,000
5566
874
5567 129,221
3.b
c. With original amounts of more than $250,000 through $1,000,000
5568
729
55691 304,601
3.c
4. Number and amount currently outstanding of "Commercial and industrial loans to
addressees" in domestic offices reported in Schedule RGC, part I, item 4.a, colu
(sum of items 4.a through 4.c must be less than or equal to Schedule RC-C, part
1
Rem 4.a, column B):
a. With original amounts of $ 100,000 or less
5570
5,583
5571
134,787
4.a
b. With original amounts of more than $100,000 through $250,000
5572
963
5573
122,989
4.b
c. With original amounts of more than $250,000 through $1,000,000
5574
616
155751
239,609
4.c
Wells Fargo Bank West, N.A. FFIEC 031
Legal Title of Bank RG7b
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FFNC Certificate Number - 03011 17b
,hedule RC-C—Continued
Part II. Continued
Agricultural Loans to Small Farms
5. Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your
bank's "Loans secured by farmland (including fans residential and other Improvements)" in domestic
offices reported in Schedule RC-C, part I, item t.b, column B, and all or substantially all of the dollar
volume of your bank's "Loans to finance agricultural production and other loans to fanners" in domestic
offices reported in Schedule RC-C, part I, item 3, column B, have original amounts of $100,000 or less
(If your bank has no loans outstanding in BOTH of these two loan categories, xco YES I NO
place an W in the box marked "NO.") seam NO 5
If YES, complete items 6.a and 6.b below and do not complete items 7 and 8.
If NO, and your bank has loans outstanding in either loan category, skip items 6.a
and 6.b and complete items 7 and 8 below. If NO and your bank has no loans
outstanding in both loan categories, do not complete items 6 through 8.
6. Report the total number of loans currently outstanding for each of the follow
Schedule RC-C, part I, loan categories:
a. "Loans secured by farmland (including farm residential and other
improvements)" in domestic offices reported in Schedule RC-C,
part 1, item 1.b, column B (Note: Item 1.1b, column B, divided by the number
of loans should NOT exceed $100,000.)
b. "Loans to finance agricultural production and other loans to farmers" in
domestic offices reported in Schedule RC-C, part I, item 3, column B
(Note: Item 3, column B, divided by the number of bans
should NOT exceed $100,000.)
Dollar Amounts in Thousand:
7. Number and amount currently outstanding of "Loans secured by farmland (inck
farts residential and other improvements)" in domestic offices reported in Sche
RC-C, part I, Item 1.b, column B (sum of items 7.a through 7.c must be less than
equal to Schedule RC-C, part I, Rem 1.b, column B):
a. With original amounts of $100,000 or less
b. With original amounts of more than $100,000 through $250,000
c. With original amounts of more than $250,000 through $500,000
8. Number and amount currently outstanding of "Loans to finance agricultural
production and other loans to farmers" in domestic offices reported in Schedule
RC-C, part 1, item 3, column B, (sum of items 8.a through 8.c must be less than c
equal to Schedule RC-C, part I, item 3 column B):
a. With original amounts of $100,000 or less
b. With original amounts of more than $100,000 through $250,000
c. With original amounts of more than $250,000 through $500,000
584 sse5 14,148 8.a
112 sse7 13,642 8.b
52 155891 15,207 18.c
Wells Fargo Bank West, NA.
FFIEC031
Legal Title of Bank
RC-8
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
18 r-
Schedule RC-D—Trading Assets and Liabilities
Schedule RC-D is to be completed by banks that reported average trading assets (Schedule RC-K, item 7)
of 92 million or more for any quarter of the preceding year.
1. U.S. Treasury securities in domestic offices
2. U.S. Government agency obligations in domestic offices (exclude mortgage -
backed securities)
353t 0 1
3532
0 2
3. Securities Issued by states and political subdivisions in the U.S. in domestic offices
4. Mortgage -backed securities (MBS) in domestic offices:
a. Pass -through securities issued or guaranteed by FNMA, FHLMC, or GNMA
b. Other mortgage -backed securities issued or guaranteed by FNMA, FHLMC, or GNMA
(indude CMOs, REMICs, and stripped MBS)
c. All other mortgage -backed securities
5. Other debt securities in domestic offices
6. - 8. Not applicable
9. Other trading assets in domestic offices
3533
0 3
3534
0 4
_
3535
0 4
3536
0 4
3537
0 5
354
00 9
10. Trading assets in foreign offices
11. Revaluation gains on interest rate, foreign exchange rate,
and other commodity and equity contracts
a. In domestic offices
b. In foreign
10
11.a
11.b
12. Total trading assets (sum of items 1 through 11) (must equal Schedule RC, item 5) 3545 764 12
LIABIImE RCF Bit I Mil
13. Liability for short positions "3548731
13
14. Revaluation losses on Interest rate, foreign exchange rate, and other commodity and equity
contracts 14
15. Total trading liabilities (sum of items 13 and 14) (must equal Schedule RC, item 15) 15
_Wells Fargo Bank West, NA.
Legal Tide of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Jedufe RC-E—Deposit Liabilities
Part I. Deposits in Domestic Offices
Accounts I Accounts
Total
Memo: Total
Total
transaction
demand
nontrensac
accounts
deposits
accounts
(including total
(included i
(including
Dollar Amounts in
1. Individuals, partnerships and corporations
(Include all certified and official checks) _
2. U.S. Government
3. States and political subdivisions in the U.S. _
4. Commercial banks and other depository
institutions in the U.S.
5. Banks in foreign countries
6. Foreign governments, and official institutions
(including foreign central banks)
7. Total (sum of items 1 through 6) (sum of
columns A and C must equal Schedule RC,
Rem 13.a)
i. aeiectao components or total aeposits (i.e., sum or nem r, columns A ana c):
+. Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts
total brokered deposits
-. ully insured brokered deposits (included in Memorandum Rem 1.b above):
(1) Issued in denominations of less than $100,000
(2) Issued either in denominations of $100,000 or in denominations greater than
$100,000 and participated out by the broker in shares of $100,000 or less
d. Maturity data for brokered deposits:
(1) Brokered deposits issued in denominations of less than $100,000 with a remaining
maturity of one year or less (included in Memorandum item 1.c.(1) above)
(2) Brokered deposits issued in denominations of $100,000 or more with a remaining
maturity of one year or less (included in Memorandum Rem t.b above)
e. Preferred deposits (uninsured deposits of states and political subdivisions in the U.S.
reported in item 3 above which are secured or collateriized as required under state law;
(to be completed for the December report only)
2. Components of total nontransaction accounts (sum of Memorandum items 2.a through 2.c
must equal Rem 7, column C, above):
a. Savings deposits:
(1) Money market deposit accounts (MMDAs)
(2) Other savings deposits (excludes MMDAs)
b. Total time deposits of less than $100,000
c. Total time deposits of $100,000 or more
FFIEC 031
RC-9
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 71,1001
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Inukutional Trust & Custody Page 20
Wells Fargo Bank West, N.A. FFIEC 031
Legal Title of Bank RC-10
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011 2p
Schedule RC-E—Continued
Part I. Continued
a. Time deposits of less than $100,000 with a remaining maturity or next repricing date
(1)Three months or less
169,350 M.3.a.1
(2) Over three months through 12 months
294,949 M.3.a.2
(3) Over one year through three years
143,940 M.3.a.3
(4) Over three years
23,681 M.3.a.4
b. Time deposits of less than $100,000 with a REMAINING MATURITY
of one year or less (included in Memorandum items 3.a.(1) through 3.a.(4) above)(3)464,299
M.3.b
4. Maturity and repricing data for time deposits of $100.000 or more:
1(1,4)
a. Time deposits of $100,000 or more with a remaining maturity or next repricing date o(1)
Three months or less
200,609 MA.a.1
(2) Over three months through 12 months
75,714 MA.a.2
(3) Over one year through three years
24,226 MA.a.3
(4) Over three years
3,021 MA.a.4
b. Time deposits of $100,000 or more with a REMAINING MATURITY
of one year or less (included in Memorandum items 4.a.(1) through 4.a.(4) above)(3)276,323
MA.b
(1) Report fixed rate time deposits by remaining maturity and floating rate time deposits by next repricing date.
(2) Sum of Memorandum items 3.a.(1) through 3.a.(4) must equal Schedule RGE Memorandum item 2.b.
(3) Report both fixed and floating rate time deposits by remaining maturity. Exclude floating rate time deposits
with a next
repricing date of one year or less that have a remaining maturity of over one year.
(4) Sum of Memorandum items 4.a.(1) through 4.a.(4) must equal Schedule RC-E. Memorandum item 2.c.
Part II. Deposits in Foreign Offices (including Edge and
Agreement subsidiaries and IBFs)
in Thousands
1. Individuals, partnerships, and corporations (include all certified and official checks)
2. U.S. banks (including We and foreign branches of U.S. banks) and other U.S.
depository institutions
3. Foreign banks (including U.S. branches and agencies of foreign banks, including their IBFs)
4. Foreign governments and official institutions (including foreign central banks)
5. U.S. Government and states and political subdivisions in the U.S.
6. Total (sum of items 1 through 5) (must equal Schedule RC, Rem 13.b)
Dollar Amounts in
I ime deposits with a remaining maturity of one year or
(Included in Part II, item 6 above)
M.1
Wells Farao Bank West. NA.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
^lC Certificate Number - 03011
_ �hedule RC-F—Other Assets
Dollar Amounts in Thousands RCF Bil
Mil
1. Accrued interest receivable (1)
2. Net deferred tax assets (2)
3. Interest -only strips receivable (not in the form of a security) (3) on:
a. Mortgage loans
6556
86,561
2148
0
A519
0
b. Other financial assets
4. Equity securities that DO NOT have readily determinable fair values (4)
5. Other (itemize and describe amounts greater than $25,000 that exceed 25% of this item)
TEXT
a. 21 6 Prepaid eenses 2166
0
A520
0
1752
19,205
2166
216,847
b.
C.
Coo9
Cash surrender value of life insurance
C009
136,352
0
1576
Repossessed personal property (including vehicles
1576
d.
e.
Colo
3549
Derivialives vrith a positive fair value held for purposes other than trad
Coto
3549
0
0
f.
3550
3550
0
g.
3551
3551
0
6. Total (sum of items 1 through 5) (must equal Schedule RC, item 11)
2160
322,613
Schedule RC-G—Other Liabilities
1. a.
b.
C.
d.
e.
f.
9•
5. To
Dollar Amounts in Thousands
et
lowance
hher
co
Bil Mil
Interest accrued and unpaid on deposits in domestic offices(5)
Other expenses accrued and unpaid (includes accrued income taxes
payable)
3645
RCF
360
10,484
10,151
deferred tax liabilities (2)
for credit losses on off -balance sheet credit exposures
(itemize and describe amounts greater than $25,000 that exceed 25% of this item)
TEXT
3066 Accounts payable 3066
0
3049 35,667
8557 0
2938 113,315
Coll
Deferred compensation liabilities
Col
0
2932
Dividends declared but not et payable
2932
0
C012
Derivatives with a negative fair value held for purposes other than tra
c012
0
3552
Payable -settlement of securitytransact
3552
83,859
3553
3553
0
3554
3554
0
fal (sum of items 1 through 4) (must equal Schedule RC, Rem 20)
2930 169,617
(1) Include accrued Interest receivable on loans, leases, debt securities, and other interest -bearing assets.
(2) See discussion of defamed income taxes in Glossary entry on "income taxes."
(3) Report interest -only strips receivable in the form of a security as available -for sale securities
in Schedule RC, Item 2.b, or as trading assets in Schedule RC, item 5, as appropriate.
(4) Include Federal Reserve stock, Federal Home Loan Bank stock, and bankers' bank stock
(5) For savings banks, includes "dividends" accrued and unpaid on deposits.
FFIEC 031
RC-11
3.a
3.b
4
5
5.a
5.b
5.c
5.d
5.e
5.f
5.g
6
t.a
t.b
2
3
4
4.a
4.b
4.c
4.d
4.e
4.f
4.g
5
Wells Fargo Bank West, NA. FFIEC 031
Legal Title of Bank RC-12
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011 p2
Schedule RC-H—Selected Balance Sheet Items for Domestic Offices
Offices
Dollar Amounts in Thousands kCoOil I Mil I Thk
1. Customers' liability to this bank on acceptances outstanding 2155 911
2. Bank's liability on acceptances executed and outstanding 2920 211
3. Federal funds sold and securities purchased under agreements to resell 1350 0
4. Federal funds purchased and securities sold under agreements to repurchase 28W 4,122,326
5. Other borrowed money 3190 38AN
EITHER
6. Net due from own foreign offices, Edge and Agreement subsidiaries, and IBFs
OR
7. Net due to own foreign offices, Edge and Agreement subsidiaries, and IBFs
8. Total assets (excludes net due from foreign offices, Edge and Agreement subsidiaries,
and IBFs)
9. Total liabilities (excludes net due to foreign offices, Edge and Agreement subsidiaries, and
IBFs)
In items 10-17 report the amortized (historical) cost of both held -to -maturity
and available -for -sale securities in domestic offices.
10. U.S. Treasury securities
11. U.S. Government agency obligations (exclude mortgage -backed securities)
12. Securities issued by states and political subdivisions in the U.S.
13. Mortgage -backed securities (MBS):
a. Pass -through securities:
(1) Issued or guaranteed by FNMA, FHLMC, or GNMA
(2) Other pass -through securities
b. Other mortgage -backed securities (include CMOs, REMICs, and stripped MBS):
(1) Issued or guaranteed by FNMA, FHLMC, or GNMA
(2) All other mortgage -backed securities
14. Other domestic debt securities (include domestic asset -backed securities)
15. Foreign debt securities (include foreign asset -backed securities)
16. Investments in mutual funds and other equity securities with readily determinable
fair values
Rco
Bil Mil
110
11
12
13.
13.
13.
13.
14
15
16
L1039L
133,033
loot
45,943
t092
46,551
toa3
3,517,967
1044
0
120
118.347
1280
9,364
1281
7,288
1282
51
A510 4,996
17. Total amortized (historical) cost of both held -to -maturity and available -for -sale
secutities (sum of items 10 through 16)
17
1374 .783,540
18. Equity securities that do not have readily determinable fair values 1— --- 18
Schedule RC -I —Selected Assets and Liabilities of IBFs
To be completed only by banks with IBFs and other "foreign" offices.
in Thousands
1. 1 otai ftlF assets of the consolidated bank (component of
2. Total IBF liabilities (component of Schedule RC, item 21)
Wells Fargo Bank West, N.A. FREC 031
Legal Title of Bank RC-13
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011 23
.liedule RC-K—Quarterly Averages (1)
Dollar Amounts in Thousands CF &1-I Mil I-Thna
1. Interest -bearing balances due from depository institutions
2. U.S. Treasury securities and U.S. Government agency obligations (2)
(excluding mortgage -backed securities)
3. Mortgage -backed securities (2)
4. All other securities (2, 3)(dncludes securities issued by states and political
subdivisions in the U.S.)
5. Federal funds sold and securities purchased under agreements to resell
6. Loans:
a. Loans in domestic offices:
(1) Total loans
(2) Loans secured by real estate
(3) Loans to finance agricultural production and other loans to farmers
(4) Commercial and industrial loans
(5) Loans to individuals for household, family, and other personal expenditures:
(a) Credit cards
(b) Other (Includes single payment, installment, all student loans, and revolving
credit plans other than credit cards)
b. Total loans in foreign offices, Edge and Agreement subsidiaries, and IBFs
3360
0
6.b
RCF
7. Trading assets
3ad1
684
7
B. Lease financing receivables (net of unearned income)
saga
107
8
9. Total assets(4)
336e 16,199,087
9
LIABILmES
In Interest -bearing transaction accounts in domestic (NOW accounts, ATS accounts,
RCON
'nd telephone and preauthorized transfer accounts) (exclude demand deposits)
3485
222,727
10
. . Aontransacdon accounts in domestic offices:
a. Savings deposits (Includes MMDAs)
B563
6,414,456
11.a
b. Time deposits of $100,000 or more
A514
332,459
11.b
c. Time deposits of less than $100,000
A529
669,793
11.c
12. Interest -bearing deposits in foreign offices, Edge and Agreement subsidiaries, and IBFs 3404 665,510 12
13. Federal funds purchased and securities sold under agreements to repurchase 3353 3,782,777 13
14. Other borrowed money �-
(includes mortgage indebtedness and obligations under capitalized leases) 3355 28,335 14
(1) For all items, banks have the option of reporting either (1) an average of DAILY figures for the quarter, or (2) an average of
WEEKLY figures (i.e., the Wednesday of each week of the quarter).
(2) Quarterly averages for all debt securities should be based on amortized cost.
(3) Quarterly averages for all equity securities should be based on historical cost.
(4) The quarterly averages for total assets should reflect all debt securities (not held for trading) at amortized cost, equity
securities with readily determinable fair values at the lower of cost or fair value, and equity securities without readily
determinable fair values at historical cost.
Wells Fargo Bank West. N.A.
Legal Tide of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RC-L—Derivatives and Off -Balance Sheet Items
Please read carefully the instructions for the preparation of Schedule RC-L. Some of the amounts
reported in Schedule RC-L are regarded as volume indicators and not necessarily as measures of risk.
FFIEC 031
RC-14
Dollar Amounts in Thousands RCF BII I MR I Thu
1. Unused commitments:
a. Revolving, open-end lines secured by 1-4 family residential properties, e.g., home
equity lines
was
3814
776,728
b. Credit card lines
3815
0
c. Commercial real estate, construction, and land development:
(1) Commitments to fund loans secured by real estate
(2) Commitments to fund loans not secured by real estate
d. Securities underwriting -138171
a. Other unused commitments
2. Financial standby letters of credit and foreign office guarantees j
a. Amount of financial standby letters of credit conveyed to others 38200
3. Performance standby letters of credit and foreign office guarantees
a. Amount of performance standby letters of credit conveyed to others 3822 0
4. Commercial and similar letters of credit
5. To be completed by banks with $100 million or more in total assets:
Participations in acceptances (as described in the instructions) conveyed to others by the
reporting bank
3e1s 243,827
ssso 30,738
0
391E 1,271,884
381968,347
3az1 145,208
34t1 0
3az8 0
6. Securities lent (including customers' securities lent where the customer is indemnified against
loss by the reporting bank)
7. Notional amount of credit derivatives:
a. Credit derivatives on which the reporting bank is the guarantor
b. Credit derivatives on which the reporting bank is the beneficiary
S. Spot foreign exchange contracts
9. All other off -balance sheet liabilities (exclude derivatives) (itemize and describe each
component of this dam over 25% of Schedule RC, item 28, "Total equity capital')
TEXT
a. 3432 Securities borrowed 3432 450,127
3433 2.639,176 I
asaa 0 '
A535 0 '
8785 0 I
3430 450,127 i
i
b.
3434
Commitinents to purchase when -issued securities
3434
0
i
c.
d.
3555
3556
3555
3556
0
0
'
'
e.
3557
3557
0
'
10. All
each
a.
other off -balance sheet assets (exclude derivatives)(itemize and describe
component of this ftem over 25% Schedule RC dam 28., "Total equity capital's
TEXT
3435 Commitments to sell when -issued securities 3435 0
559t 0
b.
5592
5592
0
c.
5593
5593
0
d.
5594
5114
0
a.
5595
5595
0
I.c.1
I.c.2
Ld
+.a
l.a
,.a
'.b
La
).b
I.c
W
I.a
O.a
O.b
I O.c
0.d
O.e
Wells Fargo Bank West, NA.
Legal Trite of Bank
Transmitted to EDS as 0140260 on 07/27/01 at 15:55:15 CST
„Cr Certificate Number - 03011
. ,a edule RC-L—Continued
Dollar Amounts in Thousands
Derivatives Position Indicators
11. Gross amounts (e.g., notional amounts) (f
each column, sum of items 1 t.a through 1
must equal sum of items 12 and 13):
a. Futures contracts
b. Forward contracts
c. Exchange -traded option contracts:
(1) Written options
(2) Purchased options
d. Over-the-counter option contracts:
(1) Written options
(2) Purchased options
e. Swaps
12. Total gross notional amount of
derivative contracts held for trading
13. Total gross notional amount of
derivative contracts held for
purposes other than trading
1.. Interest rate swaps where the bank
.` has agreed to pay a fixed rate
1». Gross fair values of derivative contracts:
a. Contracts held for trading:
(1) Gross positive fair value
(2) Gross negative fair value
b. Contracts held for purposes other than
trading:
(1) Gross positive fair value
(2) Gross negative fair value
(Column A)
Interest
Rate
Contracts
(Column B)
Foreign
Exchange
Contracts
(Column C)
Equity
Derivative
Contracts
(Column D)
Commodity
and Other
Contracts
or lil Mil Thou
TO I all I Mil I Thou
RCFD 8693
RCFD 8694
RCFD 9695
RCFD a696
0
0
0
0
RCFD 8697
RCFD 8698
RCFD 8699
RCFD 8700
0
0
0
0
RCFD 8701
RCFD 8702
RCFD 8703
RCFD 8704
0
0
0
0
RCFD 8705
RCFD 8706
RCFD 8707
RCFD 8708
0
0
0
0
RCFD 8709
RCFD 8710
RCFD 8711
RCFD 8712
0
0
0
0
RCFD 8713
RCFD 8714
RCFD 8715
RCFD 8716
0
0
0
0
RCFD 3450
RCFD 3826
RCFD 8719
RCFD 8720
25,000
0
0
0
RCFD Al 26
RCFD A127
RCFD 8723
RCFD 8724
25,000
0
0
0
RCFD 8725
RCFD 8726
RCFD 8727
RCFD 8728
0
0
0
0
RCFD A589
0
11
RCFD 8733
RCFD 8734
RCFD 8735
RCFD 8736
0
0
0
0
RCFD 8737
RCFD 8738
RCFD 8739
RCFD 8740
764
0
0
0
RCFD 8741
RCFD 8742
RCFD 8743
RCFD 8744
0
0
0
0
RCFD 8745
RCFD 8746
RCFD 8747
RCFD 8748
0
0
0
0
FFIEC 031
RC•15
1 t.a
11.b
11.c.1
11.c,2
11.d.1
1142
11.e
12
13
13.a
14.a.1
14.a.2
14.b.1
14.b.2
Wells Fargo Bank West, NA.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RC-M—Memoranda
Dollar Amounts in
shareholders, and their related interests as of the report date:
a. Aggregate amount of all extensions of credit to all executive officers, directors, principal
shareholders, and their related interests
b. Number of executive officers, directors, and principal shareholders to whom the amount of
all extensions of credit by the reporting bank (including extensions of credit to
related interests) equals or exceeds the lesser of $500,000 or 5 percent Numb
of total capital as defined for this purpose in agency regulations 6165
2. Intangible assets other than goodwill:
a. Mortgage Servicing Assets
(1) Estimated fair value of mortgage servicing assets as��
b. Purchased credit card relationships and nonmortgage servicing assets
c. All other identifiable intangible assets
d. Total (sum of Items 2.a, 2.b, and 2.c) (must equal Schedule RC, item 10.b)
3. Other real estate owned:
a. Direct and indirect investments in real estate ventures
b. All other real estate owned:
(1) Construction, land development, and other land in domestic offices
(2) Farmland in domestic offices
(3) 1.4 family residential properties in domestic offices
(4) Multifamily (5 or more) residential properties in domestic offices
(5) Nonfarm nonresidential properties in domestic offices
(6) In foreign offices
FREC 031
RC-16
1.b
2.a
2.a.1
C. Total (sum of items 3.a and 3.b) (must equal Schedule RC, item 7)
4. Investments in unconsolidated subsidiaries and associated companies:
a. Direct and indirect investments in real estate ventures
b. All other investments in unconsolidated subsidiaries and associated companies
C. Total (sum of Items 4.a and 4.1b) (must equal Schedule RC, item 8) _J21301
5. Other borrowed money:
a. Federal Home Loan Bank advances:
(1) With a remaining maturity of one year or less
(2) With a remaining maturity of more than one year through three years
(3) With a remaining maturity of more than three years
b. Other borrowings:
(1) With a remaining maturity of one year or less
(2) With a remaining maturity of more than one year through three years
(3) With a remaining maturity of more than three years
c. Total (sum of items 5.a.(1) through 5.b.(3) must equal Schedule RC, item 16) _
z150
1,265
3.c
4.a
4.b
4.c
5.a.1
5.a.2
5.a.3
5.b.1
5.b.2
5.b.3
5.c
537a
0
5375
0
0
P319W038,899
YES/N0
6. Does the reporting bank sell private label or third party mutual funds and annuities? _ B569YES 6
RCF Bil Mil
7. Assets under the reporting bank's management in proprietary mutual funds and annuiti B570 0 7
Wells Fargo Bank West, N.A. FREC 031
Legal Title of Bank RC-17
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
Certificate Number - 03011 27
schedule RC-N—Past Due and Nonaccrual Loans, Leases, and Other Assets
Past due I Past due 90I Nonaccrual
30 through 89 days or mor,
days and still and still
Dollar Amounts in
a. Construction, land development, and other
land loans in domestic offices
2759
-- 22,198
27e9
953
34sz
0
1.a
b. Secured by farmland in domestic offices
3493
2,429
134941
0
3as5
0
1.b
c. Secured by 1-4 family residential
properties in domestic offices:
(1) Revolving, open-end loans secured by
1-4 family residential properties and
extended under lines of credit
5398
5,156
s399
1,662
5400
0
1.c
(2) Closed -end loans secured by
1-4 family residential properties
5401
19.603
154021
4,184
5403
2,151
1.c
d. Secured by multifamily (5 or more) residential
properties in domestic offices
3499
3,325
135MI
0
135011
0
1 A
e. Secured by nonfarm nonresidential properties
properties in domestic offices
3502
30.987
13so3l
576
135041
3.903
1.e
f. In foreign offices
2. Loans to depository institutions and acceptances
of other banks:
a. To U.S. banks and other U.S. depository
'Institutions
lTo foreign banks
3. Loans to finance agricultural production and
other loans to farmers
4. Commercial and industrial bans:
a. To U.S. addressees (domicile)
b. To non-U.S. addressees (domicile)
5. Loans to individuals for household, family, and
other personal expenditures:
a. Credit cards
b. Other (includes single payment, installment,
all student loans, and revolving
credit plans other than credit cards)
6. Loans to foreign governments and official;,
Institutions
7. All other loans
8. Lease financing receivables:
a. Of U.S. addressees (domicile)
b. Of non-U.S. addressees (domicile)
9. Debt securities and other assets (exclude other
real estate owned and other repossessed assets)
B572 0
RCF
1 B5731 0
CF
B57a 0 1.f
CF
5379 0 2.a
5377 0
5378
0
5380 0
5381
0
5392 0
2.b
1594 2,935
1597
241
t583 2,102
1z53 5,007
3
4.a
1251 57,207
125z 7.075
1254 0
1255 0
1256 0
4.b
8575 0 186761
0
8577 0
BSeo 69
5391 0
5.a
5.b
6
8578 30,994 Iss791
23,913
r
5389 0
5390
0
5459 11,391
saso
248
5a61 260
7
1257 0
12581
1259
0
8.a
1271 0
12Z21
1791 0
8.b
3505 0
35061 0
35071 0
19
Wells Fargo Bank West, N.A. FFIEC 031
Legal Title of Bank RC•18
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011 28
Schedule RC-N—Continued
Amounts reported In Schedule RC-N, items 1 through 8, above include guaranteed and unguaranteed portions of
past due and nonaccrual loans and leases. Report in item 10 below certain guaranteed loans and leases that
have already been included in the amounts reported in hems 1 through 8.
Past due I Past due 90 Nonaccrual
30 through 89 days or mor
days and stil and still
accruin accruing
Dollar Amounts in Thousands CF Bit i RI I T1xxkCFdBH I Mil I ThcJRCFd5iI I Mil
Loans and leases reported in hems 1
through 8 above which are wholly or partially
guaranteed by the U.S. Govemment 5612 19,390 561326,335 5614 0 10
a. Guaranteed portion of loans and leases
included in hem 10 above 5615 19.359 5616 26.332 5617 0 10.a
Past due Past due 90 Nonaccrual
30 through 89 days or mo
days and stil and still
Memoranda accruin accruing
Dollar Amounts in Thousands 15CPHEM MillThnbeFfiRiliMillihniRr.FriRiliLgITK,
Schedule RC-N, hems 1 through 8, above
(and rat reported in Schedule RC-C, Part I,
Memorandum item 1)
155e 0
116NI 0 1661 0 M.1
2. Loans to finance commercial real estate,
construction, and land development activities
(not secured by real estate) included in
Schedule RC-N, items 4 and 7, above
165M 6,364
16559 0 165M 689 M.2
3. Loans secured by real estate to non-U.S.
addresses (domicile) (included in
liIIIIIIIIISchedule
RC-N, item 1, above)
124b 0
1249 0 125922�20 M.3
4. Not applicable
(Column A)
(Column B)
Past due
Past due 90
days or more
5. Interest rate, foreign exchange rate, and other
days
commodity and equity contracts:
43529%0
CF 811 Mil
Fair value of amounts carried as assets
530 0 M.5
Karen B. Martin, Mgr- Regulatory Reporting
Name and Title (TEXT 8901)
karen.b.martin@welisfargo.com
E-mail Address (TE)CT 4086)
(612)667-3975 _(612)667-3659
Telephone: Area code/phone number/extension (TEXT 89(FAX: Area oode/phone number (TEXT 9116)
Wells Fargo Bank West, NA. FFIEC 031
Legal Title of Bank RC-19
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
cnlptt Certificate Number - 03011 29
_G edule RC-0—Other Data for Deposit Insurance and FICO Assessments
in Thousands
a. Actual amount of all unposted debits
OR
b. Separate amount of unposted debits:
(1) Actual amount of unposted debits to demand deposits
(2) Actual amount of unposted debits to time and savings deposits (1)
2. Unposted credits (see instructions):
a. Actual amount of all unposted credits
OR
b. Separate amount of unposted credits:
(1) Actual amount of unposted credits to demand deposits
(2) Actual amount of unposted credits to time and savings deposits (1)
3. Uninvested trust funds (cash) held In bank's own trust department (not included in total
deposits in domestic offices)
4. Deposits of consolidated subsidiaries in domestic offices and in insured branches in Puerto
Moo and U.S. territories and possessions ( not included in total deposits )
a. Demand deposits of consolidated subsidiaries
b. Time and savings deposits (1) of consolidated subsidiaries
c. Interest accrued and unpaid on deposits of consolidated subsidiaries
5. Deposits in insured branches in Puerto Rico and U.S. territories and possessions:
a. Demand deposits in insured branches (included in Schedule RC-E, Part II)
b. Time and saving deposits (1) in insured branches (Included in Schedule RC-E, Part II)
c. Interest accrued and unpaid on deposits in insured branches
(Included in Schedule RC-G, item 1.b)
6. Reserve balances actually passed through to the Federal Reserve by the reporting bank on
hehalf of its respondent depository institutions that are also reflected as deposit liabilities
ithe reporting bank:
d. Amount reflected in demand deposits (included in Schedule RC-E, Part I,
Item 7 column B)
o03o WA
t.a
1.1b.1
1.b.2
2.a
2.b.1
2.b.2
3
4.a
4.b
4.c
5.a
5.b
5.c
6.3
o031 5,821
Ob32 0
3510 WA
351z 5,992
3514 0
3520 0
2211 4,042
2351 0
sst4 0
zzz9
0
23a3
0
5515 0
z31a 0
b. Amount reflected in time and savings deposits (1) (included in Schedule RC-E, Part I,
Item 7, column A or C, but not column B)
7. Unamortized premiums and discounts on time and savings deposits: (1,2)
a. Unamortized premiums
b. Unamortized discounts
8. To be completed by banks with " Oakar deposits ".
a. Deposits purchased or acquired from other FDIC -insured Institutions during the quarter
(exclude deposits purchased or acquired from foreign offices other than insured
branches in Puerto Rico and U.S. territories and possessions):
(1) Total deposits purchased or acquired from other
FDIC -insured institutions during the quarter
(2) Amount of purchased or acquired deposits reported in Rem 8.a.(1) above
attributable to a secondary fund (i.e., SIF members report deposits
attributable to SAIF; SAIF members report deposits attributable to BIF)
b. Total deposits sold or transferred to other FDIC4nsured institutions during the quarter
(exclude sales or transfers by the reporting bank of deposits in foreign offices other
than insured branches in Puerto Rico and U.S. territories and possessions)
6.b
Ta
7.b
8.a.1
8.a.2
8.b
;.'n
A532 0
A533 bzz,57o
(1) For FDIC and FICO insurance assessment purposes, "time and savings deposits" consists
of nontransaction accounts and all transaction accounts other than demand deposits.
(2) Exclude core deposit intangibles.
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 Odober 71, 2001
'Bents and their business
ie focus of our attention!
In -Depth Focus
You and your business are the focus of our attention. Our
business rests on relationships. Because we know and work
with our clients, we can create the right mix of services and products to meet their needs.
Because of our technology and our Service Team approach, we can deliver those services and
products consistently, on -time and with assured quality. That's our focus. And that's the value
of our Institutional Trust & Custody relationship.
A Tradition of Excellence
Our clients receive our
best service each and
every day!
Our success can be attributed to our consideration of the client
in everything we do along with our client intimate value
discipline service philosophy. Service, which includes our
ability to deliver effective technology solutions, is the root of
our success. In 2000, Institutional Trust & Custody received a
"world class" satisfaction and recommendation rating from our
clients in our annual independent service quality survey
produced by Satisfaction Management Systems, Inc.
Our commitment to assuring superior client satisfaction is achieved through the following
procedures/policies.
➢ Balanced Account Loads
➢ Consultative Approach
➢ Service Quality Program
➢ Experienced Service Team
➢ Commitment to Servicing the Needs of our Clients
➢ Quick Response/Follow-up
➢ Annual Client Review
➢ Client Surveys
➢ Conversion/Transition Expertise
Institutional Trust A Custody Page 21
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RC-0—Continued
FFIEC 031
RC-20
10. Benefit -responsive "Depository Institution Investment Contracts" (included in total
deposits in domestic offices)
Ba32 0
10
11. Adjustments to demand deposits in domestic offices and in insured branches
in Puerto Rico and U.S. territories and possessions reported in Schedule RC-E
for certain reciprocal demand balances:
a. Amount by which demand deposits would be reduced if the reporting bank's
reciprocal demand balances with the domestic offices of U.S. banks and
savings associations and insured branches in Puerto Rim and U.S. territories
and possessions that were reported on a gross basis in Schedule RC-E
had been reported on a net basis
8785 0
1 t.a
b. Amount by which demand deposits would be increased if the reporting bank's
reciprocal demand balances with foreign banks and foreign offices of other
U.S. banks (other than insured branches in Puerto Rim and U.S.
territories and possessions) that were reported on a net basis in
Schedule RC-E had been reported on a gross basis
_
Ata1 0
1l b
c. Amount by which demand deposits would be reduced if cash items in process
of collection were included in the calculation of the reporting bank's net
reciprocal demand balances with the domestic offices of U.S. banks and
savings associations and insured branches in Puerto Rico and U.S.
territories and possessions in Schedule RC-E
AM 0
11.c
12. Amount of assets netted against deposit liabilities in domestic offices and in insured
branches In Puerto Rico and U.S. territories and possessions on the balance sheet
(Schedule RC) in accordance with generally accepted accounting principles ("dude
PA5280
amounts related to reciprocal demand balances):
a. Amount of assets netted against demand deposits
12.a
b. Amount of assets netted against time and savings deposits
12.b
Memoranda (to be completed each quarter except as noted)
Dollar Amounts in Thousands
Bil Mil1.
Total deposits in domestic offices of the bank (sum of Memorandum items 1.a.(1) and
1.b.(1) must equal Schedule RC, Rem 13.a):
ii2
a. Deposit accounts of $100,000 or less:
(1) Amount of deposit accounts of $100,0000 or less 4,674,638
M.1.a 1
(2) Number of deposit accounts of $100,000 or less Number
(to be completed for the June report only) 3779 1,370,624
M.1.a 2
b. Deposit accounts of more than $100,000:
(1) Amount of deposit accounts of more than $100,000 2710 4,808,538
M.t.b 1
Number
(2) Number of deposit accounts of more than $100,000 2722 11,543
M.1.b 2
2. Estimated amount of uninsured deposits in domestic offices of the bank:
a. An estimate of your bank's uninsured deposits can be determined by multiplying the
number of deposit accounts of more than $100,000 reported in Memorandum item 1.b.(2)
above by $100,000 and subtracting the result from the amount of deposit amounts of
more than $100,000 reported in Memorandum Rem 1.b.(1) above.
Indicate in the appropriate box at right whether your bank has a method or
procedure for determining a better estimate of uninsured deposits than the
RCON
YES I NO
estimate described above
6e61
N/A
M.2
b. If the box marked YES has been checked, report the estimate of uninsured deposits
u�'
Bit Mil
determined by using your bank's method or procedure
55e7
0
M.2
3. Has the reporting institution been consolidated with a parent bank
or savings association in that parent bank's or parent savings association's
Call Report or Thrift Financial Report ?
If so, report the legal title and FDIC Certificate Number of the
parent bank or parent savings association:
Text
RCo DIC Cart No.
A 5
IA5a5 NIA M.3
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
Certificate Number - 03011
: thedule RC-R-Regulatory Capital
Thousands kCvdBll I Mil
FFIEC 031
RC-21
1. Total equity capital (from Schedule RC, Rem 28)
2. LESS: Net unrealized gains (losses) on available -for -sale securities (1)
(R a gain, report as a positive value; if a loss, report as a negative value)
3. LESS: Net unrealized loss on available -for -sale EQUITY securities (1) (report loss as a positive va
4. LESS: Accumulated net gains (losses) on cash flow hedges (1)
(it a gain, report as a positive value; if a loss, report as a negative value)
5. LESS: Nonqualifying perpetual preferred stock
6. Qualifying minority interests in consolidated subsidiaries
7. LESS: Disallowed goodwill and other disallowed intangible assets
8. LESS: Disallowed servicing assets and purchased credit card relationships
9. LESS: Disallowed deferred tax assets
10. Other additions to (deductions from) Tier 1 capital
11. Tier 1 capital (sum of items 1, 6, and 10, less items 2, 3, 4, 5, 7, 8, and 9)
3210
1,019,647
1
2
3
4
5
6
7
8
9
10
11
8434
47.308
A221
0
_
4336
0
8588
0
B589
74
B590
82,033
essl
0
5610
0
B592
0
8z74
890,380
Tier 2 Capital
12. Qualifying subordinated debt and redeemable preferred stock
5306
332,000
12
13. Cumulative perpetual preferred stock includible in Tier 2 capital
B593
0
13
14. Allowance for loan and lease losses includible in Tier 2 capital
5310
111,085
14
15. Unrealized gains on available -for -sale equity securities includible in Tier 2 capital
2221
4
15
16. Other Tier 2 capital components
5594
0
16
17. Tier 2 capital (sum of items 12 through 16)
5311
443,089
17
18. Allowable Tier 2 capital (lesser of Rem 11 or 17)
8275
443,089
18
19. Tier 3 capital allocated for market risk _
jESS: Deductions for total risk -based ce
otal risk -based capital (sum of items 11
Total assets for leverage ratio
18, and 19. less item 20)
22. Average total assets (from Schedule RC-K, item 9)
336a
15,199,087
22
23. LESS: Disallowed goodwill and other disallowed intangible assets (from item 7 above)
B590
82,033
23
24. LESS: Disallowed servicing assets and purchased credit card relationships (from item 8 above)
B591
0
24
25. LESS: Disallowed deferred tax assets (from item 9 above)
5610
0
25
26. LESS: Other deductions from assets for leverage capital purposes
B596
0
26
27. Average total assets for leverage capital purposes (item 22 less items 23 through 26)
A224
15,117,054
27
Adjustments for financial subsidiaries
28. Adjustment to total risk -based capital reported in item 21 Bso3 0 28
29. Adjustment to risk -weighted assets reported in item 62 B504 0 129
30. Adjustment to average total assets reported in item 27 BSos -0-13
Capital Ratios
(Column B is to be completed by all banks. Column A is to be
completed by banks with financial subsidiaries)
31. Tier 1 leverage ratio (2)
32. Tier 1 risk -based capital ratio (3)
33. Total risk -based capital ratio (4) _
(1) Report amount included in Schedule RC, item 26.b, "Accumulated other comprehensive income.'
(2) The ratio for column B is item 11 divided by Rem 27. The ratio for column A is item 11 minus one half of Rem 28 divided by (item 2
(3) The ratio for column B is item 11 divided by item 62. The ratio for column A is item 11 minus one half of Rem 28 divided by (item E
(4) The ratio for column B is item 21 divided by item 62. The ratio for column A is item 21 minus item 28 divided by (item 62 minus Rei
Wells Fargo Bank West, N.A. FRED 031
Legal Title of Bank RC-22
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011 32
Schedule RC-R—Continued
Banks are not required to risk -weight each on -balance sheet asset and the credit equivalent amount of each off -balance sheet Rem that qualifies for a
risk weight of less than 100 percent (50 percent for derivatives) at its lower risk rate. When completing items 34 through 54 of Schedule RC-R, each bank should
decide for itself how detailed a risk -weight analysis it wishes to perform. In other words, a bank can choose from among its assets and off -balance sheet items
that have a risk weight of less than 100 percent which ones to risk -weight at an appropriate lower risk, or it can simply risk -weight some or all of these Items
at a 100 percent risk weight (50 percent for derivatives).
Balance Sheet Asset Catagorles
Dollar Amounts in Thousands
34. Cash and balances due from depository institutions (Column A
equals the sum of Schedule RC, items 1.a and 1.b)
35. Held -to -maturity, securities
36. Available -for -sale securities
37. Federal funds sold and securities purchased under
agreements to resell
38. Loans and leases held for sale
39. Loans and leases, net of unearned income (1)
40. LESS: Allowance for loan and lease losses
41. Trading assets
42. All other assets (2) _
43. Total assets (sum of items 34 through 42)_
(Column A)
Totals
(from
Schedule RC
(Column B)
Items Not
Subject to
Risk -Wei fin
Column C Column D Column Column F)
Allocation by Risk Weight Category
0%
20%
50%
100%
Bill kM1 Thou
EN MB Thou
Bil Mil Thou
BII Mil Thou
Bil Mil I Thou
Biz I Mil I Thou
RCFD 0010
RCFD 13600
RCFD B601
RCFD B602
1,215,639
175,331
1.040,308
0
RCFD 1754
RCFD B603
RCFD 8604
RCFD B605
RCFD B606
RCFD B607
0
0
0
0
0
0
RCFD 1773
RCFD B608
RCFD B609
RCFD B610
RCFD B611
RCFD B612
3,858,831
76,291
1,596,101
2.130.132
25,691
32,616
RCFD 3350
0
RCFD 8617
RCFD B613
0
RCFD B614
0
RCFD 616
0
RCFD 5369
RCFD B618
RCFD B619
RCFD B620
RCFD B621
891,587
0
0
500.005
191,340
242
RCFD B528
RCFD B622
RCFD 8623
RCFD B624
RCFD 8625
RCFD B626
9,621,076
0
0
165.037
708,537
8,747.502
RCFD 3123
111,085
RCFD 3545
RCFD 3123
111,085
RCFD B627
RCFD B628
RCFD B629
RCFD B630
RCFD 8631
764
764
0
0
0
0
RCFD B639
RCFD B640
RCFD B641
RCFD B642
RCFD B643
RCFD 5339
531,818
82,033
19,205
0
0
430,580
RCFD 2170
RCFD 8644
RCFD 5320
RCFD 5327
RCFD 5334
RCFD 5340
15,808,630
47,003
1,789,637
3,835.482
925,568
9.210,940
(1) Include any allocated transfer risk reserve in column B.
(2) Includes premises and fixed assets, other real estate owned, investments in unconsolidated subsidiaries and associated companies,
customers' liability on acceptances outstanding, intangible assets, and other assets.
34
35
36
37
38
39
40
Wells Fargo F West, N.A.
Legal Title of B.
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RC-R—Continued
Dollar Amounts in Thousands
Derivatives and Off -Balance Sheet Items
44. Financial standby letters of credit
45. Performance standby letters of
of credit
46. Commercial and similar letters
of credit
47. Risk participations in bankers
acceptances acquired by the
reporting institution
48. Securities lent
49. Retained recourse on small business
obligations sold with recourse
60. Retained recourse on financial assets
sold with low-level recourse _
51. All other financial assets sold with
recourse
52. All other off -balance sheet
liabilities
53. Unused commitments with an original
maturity exceeding one year
54. Derivative contracts
Or institution -specific factor.
(1) Column A multiplied by credit conversion factor.
FFIEC 031
RC-23
33
(Column A)
Face Value
or Notional
Amount
Credit
Conversion
Factor
(Column B)
Credit
Equivalent
Amount 1
Column C (Column D Column E Column F
Allocation by Risk Weight Category
0%
20%
50%
100%
Bp MI Thou
Bit I Mil I Thou
Bit I MB I Thou
BN I MI I Thou
Bil I IA I Thou
Bit I Mil I Thou
RCFD 3819
1.00
RCFD B645
RCFD B646
RCFD 8647
RCFD 8648
RCFD B649
68,347
68,347
0
0
0
68,347
RCFD 8821
_
RCFD B650
RCFD 8651
RCFD B652
RCFD B653
RCFD B654
145,208
.50
72,604
0
0
0
72,604
RCFD 3411
RCFD B655
RCFD B656
RCFD 8657
RCFD B668
RCFD 8659
0
.20
0
0
0
0
0
RCFD 3429
1.00
1.00
RCFD 8860
RCFD B661
RCFD BE
RCFD B663
0
RCFD 3433
0
RCFD B664
0
RCFD B665
0
RCFD B666
RCFD B667
0
RCFD B668
2,639,176
2,639,176
0
2,639,176
0
0
RCFD A250
RCFD B669
RCFD B670
RCFD B671
RCFD B672
RCFD B673
0
1.00
0
0
0
0
0
RCFD 1727
0
RCFD B675
12.5
RCFD 2243
0
RCFD 0676
RCFD 8677
RCFD B678
RCFD B679
RCFD 8674
0
RCFD B680
0
1.00
0
0
0
0
0
RCFD B681
1.00
RCFD 8682
RCFD 0683
RCFD B684
RCFD B685
RCFD 8686
0
0
0
0
0
0
RCFD 3833
RCFD B687
RCFD B668
RCFD B689
RCFD B690
RCFD B691
1,966,241
.50
983,121
0
0
388,364
594,757
WW
RCFD A167
RCFD B693
RCFD B694
RCFD B695
125
0
0
125
44
45
46
47
48
49
50
51
52
53
54
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/O1 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RC-R—Continued
55. Total assets, derivatives, and off -balance sheet items by risk weight category
(for each column, sum of items 43 through 54)
56. Risk weight factor
57. Risk -weighted assets by risk weight category (for each column,
item 55 multiplied by item 56)
58. Market risk equivalent assets
59. Risk -weighted assets before deductions for excess allowance for loan and lease losses
and allocated transfer risk reserve (sum of item 57, columns C through F, and Rem 58)
60. LESS: Excess allowance for loan and lease losses
61. LESS: Allocated transfer risk reserve
62. Total risk -weighted assets (item 59 minus items 60 and 61)
FFIEC 031
RC-24
RCFD B699
9,946,648 55
100% 56
RCFD B703
9,946,648 57
RCFD 1651
0 58
RCFD B704
11,898,6I 59
RCFD A222
0 60
Memoranda
Dollar Amounts in Thousands RCFD I Im I Mtl I Thou
1. Current credit exposure across all derivative contracts covered by the risk -based capital standards 8764 1 0 MA
2. Notional principal amoun
contracts: (1)
a. Interest rate contracts
b. Foreign exchange con
c. Gold contracts _
d. Other precious metals
e. Other commodity cont
f. Equity derivative contri
Is of derivative
With a remaining materity
of
(Column A)
One year
or less
(Column B)
Over one year
through
five years
(Column C)
Over
five years
RCFD
ril I as I Mil I Tho
RCFD
H1 113:111 Mil I Tho
RCFD
d] I Bil I Mil I The
3809
0
8766
25,000
8767
0
tracts
3812
0
8769
0
8770
0
8771
0
8772
0
8773
0
contracts
"acts
8774
0
8775
0
8776
0
8777
0
8778
0
8779
0
Ict6
A000
0
A001
O
A002
O
(1) Exclude foreign exchange contracts with an original maturity of 14 days or less and all futures contracts.
M.2.a
M.2.b
M.2.c
M.2.d
M.2.e
M.2.f
Wells Fargo Br fast, N.A.
Legal Title of Ban,.
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number- 03011
Schedule RC-S—Securitization and Asset Sale Activities
All of Schedule RC-S is to be completed beginning June 30, 2001.
1-4 Family I Home Credit Auto
Residential Equity Card Loans
Loans Loans Receivables
1. Outstanding principal balance of assets sold and
securitized by the reporting bank with servicing
retained or with recourse or other seller -provided RCFD B705
credit enhancements
I
2. Maximum amount of credit exposure
arising from recourse or other
seller -provided credit enhancements
provided to structure reported in
item 1 in the form of:
a. Retained interest -only strips
(included in Schedules RC-B or
RCFD B7t2
RC-F or in Schedule RC, item 5)
b. Standby letters of credit, sub-
ordinated securities, and other
RCFD B719
enhancements
3. Reporting bank's unused commitments
to provide liquidity to structures
RCFD B726
reported in item 1
4. Past due ban amounts induded in item 1:
RCFD B733
a. 30-89 days past due
b. 90 days or more past due
5. Charge -offs and recoveries on assets sold
and securitized with servicing retained or with
recourse or other seller -provided credit
enhancements (calendar year-to-date): RIAD
a. Charge -offs
RCFD
RCFD B713 I RCFD 8714 1 RCFD
RCFD 8720 1 RCFD 8721
0 0
RCFD 8727 RCFD B728
0 0
RCFD B734 I RCFD B735
FFIEC 031
RC-25
35
Other Commercial All Other
Consumer and Industrial Loans and
Loans Loans I All Leases
0
RCFD 13743 RCFD
RCFD B711
3 RCFD B724 I RCFD B725
0 0 1
RCFD B731 RCFD B732
0 0 1
r RCFD B738 RCFD B739
0 0 1
1 RCFD B745 RCFD 8746
0 0
RIAD B751 I RIAD
I RIAD 5754 1 RIAD B755 1 RIAD 8756 1 RIAD B757 I RIAD 8758 1 RIAD B759 1 RIAD B760 I
b. Recoveries I n n ___ n n n 0, 0 ,5.15
Wells Fargo Bank West, N.A.
Legal Title of Bank
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST
FDIC Certificate Number - 03011
Schedule RC-S—Continued
Dollar Amounts in Thousands
6. Amount of ownership (or seller's)
interest carried as:
a. Securities (included in RC-B or RC, item 5)
b. Loans (included in Schedule RC-C)
7. Past due loan amounts included in
interests reported in item 6.a:
a. 30-89 days past due _
b. 90 days or more past due
8. Charge -offs and recoveries on loan
amounts included in interests reported
in Rem 6.a (calendar year-to-date):
a. Charge -offs
b.
For Securitizalion Facilities Sponsored
By or Otherwise Established By Other
Institutions
9. Maximum amount of credit exposure
arising from credit enhancements
provided by the reporting bank to other
institutions' securilization structures in
the form of standby letters of credit,
purchased subordinated securities,
and other enhancements
10. Reporting bank's unused commitments
to provide liquidity to other institutions'
securitizadon structures
?'.'Y
FFIEC 031
RC-26
36
Other Commercial All Other
Consumer and Industrial Loans and
Loans Loans All Leases
I RCFD 8776 1 RCFD B777 I RCFD 8778 1 RCFD B779 I RCFD B780 I RCFD B781 I RCFr) 13792
B784 I RCFD
8787 1 RCFD
Wells Fargo Bt lest, N.A.
Legal T'Ne of Banc,
Transmitted to EDS as 0140280 on 07/27/01 at 16:55:15 CST
FDIC Certificate Number - 03011
Schedule RC-S—Continued
1A Family Hare Credit
Residential Equity I . Card
Dollar Amounts in
FFIEC 031
RC-27
Auto Other Commercial All Other
Loans Consumer and Indusbial I Loans and
Loans Loans All Leases
11. Assets sold with recourse or other seller- ''#; t [ �i i )
provided credit enhancements and not RCFD B790 RCFD B791 RCFD B792 I RCFD
sewritized by the reporting bank 0 0 0
12. Maximum amount of credit exposure -
arising from recourse or other seller -
provided Credit enhancements pro- RCFD B797 RCFD 8798 RCFD 8799 RCFD
vided to assets reported in item 11 0 0 0
Memorandum items 1, 2, and 3 are to be completed beginning June 30, 2001
Memoranda
1. Small Business obligations
Community Development an
a. Outstanding principal bal
b. Amount of retained recor
2. Outstanding principal balan
a. 1-4 family residential mo.
b. 1-4 family residential mo
c. Other financial assets (1)
3. Asset -backed commercial p
a. Maximum amount of cred
Credit, subordinated secu
(1) Conduits sponsored b
(2) Conduits sponsored b,
b. Unused commitments to I
(1) Conduits sponsored b,
(2) Conduits sponsored b,
Dollar Amounts in Thousands
RCFDOJBW*IWUTlwransferred
with recourse under Section 208 of the Rieglei
Regulatory Improvement Act of 1994:
mce
A249
rse on these obligations as of the report date
A250
0
;e of assets serviced for others:
tgages serviced with recourse or other servicer-provided credit enhancements
8804
0
tgages serviced with no recourse or other servicer-provided credit enhancements
B805
0
A591
0
aper conduits:
t exposure arising from credit enhancements provided to conduit structures In the form of standby
ities, and other enhancements:
the bank, a bank affiliate, or the bank's holding company
B806
0
other unrelated institutions
B807
0
rovide liquidity to conduit structures:
the bank, a bank affiliate, or the bank's holding company
B808
0
other unrelated institutions
B809
0
M.1.a
M.t.b
M.2.a
M.2.b
M2.c
M.3.a.1
M.3.a.2
M.3.b.1
M.3.b.2
(1) Memorandum item 2.c is to be completed beginning June 30, 2001,'d the principal balance of other financial assets serviced for others is more than $10 million.
Optional Narrative Statement Concerning the Amounts FFIEC 031
Reported in the Reports of Condition and Income RC-31
at close of business on June 30, 2001
Transmitted to EDS as 0140280 on 07/27/01 at 15:55:15 CST 41
Wells Faroo Bank West, N.A. Denver CC
Legal Title of Bank City State
The management of the reporting bank may, if it wishes, submit a
brief narrative statement on the amounts reported in the Reports
of Condition and Income. This optional statement will be made
available to the public, along with the publicly available data In the
Reports of Condition and Income, in response to any request for
individual bank report data. However, the information reported in
Schedule RC-T, items 12 through 23 and Memorandum Rem 4,
is regarded as confidential and will not be released to the public.
BANKS CHOOSING TO SUBMIT THE NARRATIVE STATEMENT
SHOULD ENSURE THAT THE STATEMENT DOES NOT CONTAIN
THE NAMES OR OTHER IDENTIFICATIONS OF INDIVIDUAL
BANK CUSTOMERS, REFERENCES TO THE AMOUNTS
REPORTED IN THE CONFIDENTIAL. ITEMS IN SCHEDULE RCN,
OR ANY OTHER INFORMATION THAT THEY ARE NOT WILLING
TO HAVE MADE PUBLIC OR THAT WOULD COMPROMISE THE
PRIVACY OF THEIR CUSTOMERS. Banks choosing not to make
a statement may check the "No comment box below and should
make no entries of any kind in the space provided for the narrative
statement; Le., DO NOT enter n this space such phrases as "No
statement,' "Not applicable," "N/A," "No comment; and "None."
The optional statement must be entered on this sheet. The state-
ment should not exceed 100 words. Further, regardless of the
number of words, the statement must not exceed 750 characters,
including punctuation, indentation, and standard spacing between
words and sentences. If any submission should exceed 750 char-
acters, as defined, it will be truncated at 750 characters with no
notice to the submitting bank and the truncated statement will
appear as the bank's statement both on agency computerize,
records and in computer -file releases to the public.
All information furnished by the bank in the narrative stateme
must be accurate and not misleading. Appropriate efforts she
taken by the submitting bank to ensure the statement's accw
The statement must be signed, in the space provided below,
senior officer of the bank who thereby attests to its acuracy
If, subsequent to the original submission, material changes ai
submitted for the data reported in the Reports of Condition ar
Incom, the existing narrative statement will be deleted from it
files, and from disclosure; the bank, at its option, may replan
a statement, under signature, appropriate to the amended ciao
The optional narrative statement will appear in agency recorc
and in release to the public exactly as submitted (or amende(
as described in the preceding paragraph) by the managemer
the bank (except for the trucnation of the statements exceed
750-character limit described above.) THE STATEMENT WILL
BE EDITED OR SCREENED IN ANY WAY BY THE SUPERVI.
SORY AGENCIES FOR ACCURACY OR RELEVANCE. DISCLC
SURE OF THE STATEMENT SHALL NOT SIGNIFY THAT ANY
FEDERAL SUPERVISORY AGENCY HAS VERIFIED OR CON-
FIRMED THE ACCURACY OF THE INFORMATION CONTAINED
THEREIN. A STATEMENT TO THIS EFFECT WILL APPEAR ON
ANY PUBLIC RELEASE OF THE OPTIONAL STATEMENT SUB
MITTED BY THE MANAGEMENT OF THE REPORTING BANK
X = NO COMMENT Y = COMMENT serl �I—?t
BANK MANAGEMENT STATEMENT (please type or print dearly):
—TEXT ( 70 characters per line )
Signature of Executive Officer of Bank Date R Signature
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
NAME AND ADDRESS OF BANK
Wells Fargo Bank West, N.A.
1740 Broadway
Denver, CO $02740002
OMB No. For OCC: 1557-0081
OMB No. For FDIC: 3064-0052
OMB No. For Federal Reserve: 7100-0038
Expiration Date: 3/31/2004
SPECIAL REPORT
The following information is required by Pudic Laws 90-44 and 1 D2.242, but does not constinae a part of the Report of Condition.
With each Report of Condition, these Laws require all banks to furnish a report of all loans or other extensions of credit to their
excutive officers made since the date of the previous Report of Condition. Data regarding Inavklual loans or other extensions of
credit are not required. If no such loans or other extensions of credit were made during the period, insert *none' against subhem (a).
(PxGuded the first $15.000 of Indebtedness of each sxecuflve officer under bank creolf card plan.)
See Sections 215.2 and 215.3 of Title 12 of the Code of Federal Regulations (Federal Reserve Board Regulation O) for
the devinRlons of'exedutrre officer' and •exteralon of erodk- respectively. Exclude loans and other extensions
of credit to directors and principal shareholders who am not executive officers.
a. Number of bans made to executive officers since as previous Call Report
b. Total dollar amount of above loans (in thousands of dollars)
c. Range of interest charged on above bans
i example: 9314%-9.75)
SIGNATURE AND TIRE OF OFFICER AUTHORIZED TO SIGN REPORT DATE (Mortal, Day, Year)
FDIC 804063 (3-01)
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P407 Odober 11, 2001
Value Added Products & Services
A few of the alternatives we offer as value added products and
services are highlighted below.
Cash Management - Wells Fargo internally manages a
family of top performing short-term investment fiords.
Securities Lending - Our clients earn revenue with their
portfolio by participating in one of the most successful
internally managed securities lending programs in the
industry!
rrUPI" the
pieces together
Investment Management - Wells Fargo offers clients a broad for you!
array of investment alternatives in separate account
management, collective fund or mutual fund vehicles.
Commission Recapture - Our clients are able to get more value from their commission dollars,
tailoring the recapture service to fit their specific needs.
Transition Management Services - We provide our clients with Transition Management Services
through a strategic partnership we have formed with The Clifton Group. They will securitiee cash,
maintain target allocation, manage transitions and manage liquidity needs while increasing returns
and improving tracking, efficiency and flexibility.
C. Provide an organizational chart showing the operating interrelationships and authorities
within the Provider's entire organization.
Please refer to our response to Question #3a within Section C for organizational charts.
d. How many professional staff are devoted exclusively to institutional custodial services?
We currently have over 170 employees within Institutional Trust & Custody.
Wells Fargo (Institutional Trust & Custody)
Senior Management
26
Relationship Managers:
34
New Business Development
14
Account Support/Administration:
54
Accountants
22
Analysts:
20
Total team members
170
Institutional Trust & Custody is also supported by various other internal departments assisting us
on an ongoing basis to better serve our clients. These other departments include Trust
Operations, Securities Lending, BPS&M, Retirement Plan Services, Institutional Brokerage,
Private Client Services, Online Financial Services, Mutual Funds and Wells Capital Management.
These other businesses employ their own administrative staff to service their clients.
Institutional Trust & Custody Page 22
No Text
I
I
Comptroller of the Currency
Administrator of National Banks
Washington, DC 20219
Public Disclosure
November 1, 1999
LARGE BANK
Community Reinvestment. Act
Performance Evaluation
Wells Fargo Bank West, N.A.
Charter Number: 3269
1.
1740 Broadway
Denver, Colorado 80274
Office of the Comptroller of the Currency
Large Bank Supervision (Mail Stop 8-1)
Washington, DC 2021 "001
NOTE: This evaluation is not, and it should not be construed as, an assessment of
the financial condition of this institution. The rating assigned to. this.
institution does not represent an analysis, conclusion, or opinion of the
federal financial supervisory agency concerning the safety and soundness of
this financial Institution.
^.r
Charter Number: 3269
Table of Contents
GeneralInformation . . . . . . . . . . . . . . . . . . . . . . . .
1
Definitions and Common Abbravlat(ons . . . . ... . . . . . .
2
Overall CRA Rating . . . . . . . . . . . . . .. . . . . . . . . . . .
4
Description of Institution . . . . . . . . . . . . . . . . . . . . . .
6
Scope of the Evaluation . . . . . . . . . . . . . . . . . . . . . .
6
Fair Lending Review . . . . . . . . . . . . . . . . . . . . . . .
7
Conclusions with Respect to Performance Tests:
Lending Test . . . . . . . . . . . . . . . . . . .
8
Investment Test . . . . . . . . . . . . . . . . . . . .
17
Service Test . . . . . . . . . . . . . . . . . . . . . .
18
Appendix A: Scope of Examination . . . . . . . . . . . . . . .
A-1
Appendix B: Market Profiles for Full -Scope Areas . . . . . . . . . .
B-1
Appendix C: Content of Standardized Tables . . . . . . . . . . . . .
C-1
Tables of Performance Data . . . . . . . . . . . . . . . . . .
C-3
a
4
I
I
I
11• '.1
r
General Information
Charter Number: 3269
The Community Reinvestment Act (CRA) requires each federal financial supervisory
agency to use its authority when examining financial institutions subject to its
supervision, to assess the institutions record of meeting the credit needs of its entire
community, including low- and moderate4ncome neighborhoods, consistent with safe
and sound operation of the institution. Upon conclusion of such examination, the
agency must prepare a written evaluation of the inatitutionDs record of. meeting the
credit needs of its community.
This document is an evaluation of the CRA performance of Wells Fargo Bank West,
National Association, prepared by the Office of the Comptroller of the Currency (OCC),
the institutions supervisory agency. This. agency evaluates performance in assessment
steals), as delineated by the institution, rather than individual branches. This
assessment area evaluation may include visits to some, but not necessarily, all of the
institutions branches. The agency rates the CRA performance of an institution
consistent with the provisions set forth in Appendix A to 12 CFR Part 25.
1
Charter Number: 3269
Definitions and Common Abbreviations
The following terms and abbreviations are used throughout this Performance Evaluation. The
definitions help provide a general understanding of the terms, not a strict legal definition.
Affiliate - Any company that controls, is controlled by, or is under common control by another
company. A company is under common control with another company if both companies are
directly or indirectly controlled by the same company. A bank subsidiary is controlled by the
bank and is, therefore, an affiliate.
Assessment Area (AA) - Geographic area as delineated by a bank within which the OCC
evaluates the bank's record of helping to most the credit needs. Used interchangeably with
community.
Block Numbering Area (BNA) - Statistical subdivisions of counties in which census tracts have
not been established. BNAs have been established by the United States Census Bureau in
conjunction with state agencies.
Census Tract (CT) - Small, locally defined statistical areas within metropolitan statistical areas.
These areas are determined by the United States Census Bureau in an attempt to group
homogenous populations. A CT has defined boundaries per ten-year census and an average
population of 4,000.
Community Development - Affordable housing for low- or moderate -income individuals;
community services targeted to low- or moderate -income Individuals; activities that promote
economic development by financing businesses or farms that meet the size eligibility standards
of the Small Business Administration's Development Company or Small Business Investment
Company programs 03 CFR 121.301)) or have gross annual revenues of 81 million or less;
or, activities that revitalize or stabilize low- or moderate -income geographies.
Community Reinvestment Act (CRA) - The statute that requires the OCC to evaluate a bank's
record of meeting the credit needs of its local community, consistent with the safe and. sound
operation of the bank, and to take this record Into account when evaluating certain corporate
applications filed by the bank:
Full -Scope Review - Performance under the Lending, Investment and Service Tests is analyzed
considering fully understood performance context, quantitative factors (e.g., geographic
distribution, borrower distribution, total number and dollar amount of investments, branch
distribution) and qualitative factors (e.g., innovation, complexity).
Geography - A. census tract or a block numbering area delineated by the United States Bureau
of the Census in the most recent census.
Home Mortgage Disclosure Act (HMDA) - The statute that requires certain mortgage lenders
that do business or have banking offices in a metropolitan statistical area to file annual
summary reports of their mortgage lending activity. The reports include such data as race,
gander, applicant income, requested loan amount, and disposition of the application (e.g.,
approved, denied, and withdrawn).
.I f
Charter Number: 3269
Homo Mortgage Loans - Such loans include home purchase and home improvement loans, as
defined in the HMDA regulation. This definition also Includes multi -family (five or more
families) dwelling loans, loans for the purchase of manufactured homes and refinancing of
home improvement and home purchase loans.
Limhed-Scope Review - Performance under the Lending, Investment, and Service Tests is
analyzed using only quantitative factors (e.g., geographic. distribution, borrower distribution,
total number and dollar amount of investments, branch -distribution).
Low -Income - Income levels that are less than 50% of the median family income.
Low- and Moderate- Income (LMp - Income levels that are less than 50% of the median family
income, and, Income levels that are at least 50%, but less then 80% of the median family
income.
Median Family Income (MFII - The median income determined by the United States Census
Bureau every ten years and used to determine the income level category of geographies. Also,
the median income determined by the Department of Housing and Urban Development annually
that Is used to determine the income level category of individuals. For any given area, the
median is the point at which half of the families have income above It and half below it.
Metropoikan Statistical Area (MSA) - Area defined by the Director of the United States Office
of Management and Budget. MBAs consist of one or more counties, including large population
centers and nearby communities that have a high degree of Interaction.
Middle -Income - Income levels that are at least 80% and less then 120% of the MFI.
Moderate -Income - Income levels that are at least 50% and less than 80% of the MFI.
Small Business Loans - Loans with original amounts of $1 million or less that are: (1) secured
by nonfarm nonresidential properties; or (2) commercial and industrial loans to U.S. addresses.
Small Farm Loans - Loans with original amounts of $500 thousand or less that are: (1) secured
by farmland; or (2) to finance agricultural production and other loans to farmers.
Tier 1 Capital - The total of common shareholders' equity, perpetual preferred shareholders'
equity with noncumulative dividends, retained earnings and minority Interests in the equity
accounts of consolidated subsidiaries.
Upper -Income - Income levels that are 120% or more of the MFI.
Charter Number: 3269
Overall CRA Rating
Institution's CRA Rating: This institution is rated Satisfactory.
The following table shows the performance level of Wells Fargo Bank West, National
Association, with respect to the Lending, Investment, and Service tests.
Performance Levels
Wells Fargo Bank West, N.A.
Performance Tests
Lending
Test*
Investment
Test
Service
Test
Outstai3ding
High satisfactory
X
X
X
Low satisfactory
Needs to improve
Substantial noncompliance
V) Note: The Lending Test Is weighted more heavily than the Investment and service tests
when arriving at an overall rating.
The major factors supporting the institution's rating are:
• An overall good responsiveness to identified credit needs.
• A good borrower and geographic distribution of loans.
. A positive responsiveness with community development lending activity.
• A positive responsiveness with community development investment activity.
• Delivery systems that are accessible to geographies and individuals of different
income levels.
• A relatively high level of community development services.
4
Charter Number: 3269
. ` Description of Institution
Wells Fargo Bank West, National Assoc)ation (WF-West), is headquartered in Denver,
Colorado. WF-West was formerly known as Norwest Bank Colorado, NA. Wells Fargo
& Company changed the name of the bank in 2000. The bank conducts business
through 104 branches in twelve AAs within the state. in addition to the Denver MSA,
WF-West has branch offices in the Grand Junction MSA, Pueblo MSA, Bolder -
Longmont MSA, Colorado Springs MSA, Fort Collins -Loveland MSA, Greeley MSA,
Logan County, Teller County, Southwestern Rural (Archuleta County, La Plata County),
and Western Rural (Counties of Delta, Eagle, Garfield, Grand, Gunnison, Montrose,
Pitkin, Routt, San Miguel, and Summit) AAs.
WF-West is a subsidiary of Wells Fargo & Company (WFC), San Francisco, California,
a multi -bank holding company. WFC recently merged with Norwest Corporation,
which was formerly headquartered in Minneapolis, Minnesota. WFC has total assets
In excess of $200 billion and conducts business through almost 3,000 offices and over
6,000 ATMs in 21 states. Major statewide competitors from a deposit gathering basis
Include U.S.. Bank, First Bank, Bank One, and World Savings.
As of September 30j 1999, WF-West's assets totaled $10.7 billion, with total
deposits of $8.7 billion,_ and Tier 1 Capital of $599 million. Loans, net of reserves,
totaled $4.9 billion of which 37% were secured by 1-4 family residences. Commercial
and industrial financing (not secured by real estate) accounted for 20% of the bank's
portfolio. The remainder of the portfolio is largely loans to individuals for personal use,
real estate secured for construction, land development, personal use, and farming.
WF-West is a full service bank offering a wide array of services and loan products, it
was established between 1994 to 1995 through a consolidation of about 40 entities.
Its business strategy is in no way limited or specialized to any narrow field of
endeavor. Additional home mortgage lending is offered through its affiliates, Wells
Fargo Home Mortgage, and Wells Fargo Funding.
In addition to activities conducted by WF-West, at the request of management and in
accordance with provisions of CRA, this evaluation considered lending activities of
Norwest Home Improvement, Inc. It also considered certain other commercial banking
affiliates who have done business in Colorado. These affiliates are related subsidiaries
of WFC and are not subsidiaries of WF-West.
There is no legal, financial, or other factors impeding the bank's ability to meet the
credit needs of its assessment areas.
WF-West was rated 'Outstanding" at its last CRA performance evaluation dated
October 24, 1996.
I
Charter Number: 3269
Scope of Evaluation
Evaluation Period/Products Evaluated
This evaluation included a review of WF-West's lending In the categories of home
mortgage, small business, small farm, and community development: In addition, the
evaluation reviewed community development investments, and retail and community
development services. The bank's lending was.evaluated for the calendar years 1997
and 1998. Other activities were evaluated for the period beginning at the date of the
previous CRA public evaluation (November 1, 1996)'through October 31, 1999.
Data Integrity
The bank's small business and small farm data submitted in compliance with
requirements of the CRA were reviewed for accuracy utilizing a selected sample. No
significant errors in reporting were identified. The accuracy of HMDA data was
reviewed utilizing reports and working papers of the internal auditors of the bank as
well as reviewing a sample of loan files. The HMDA, Small Business, and Small Farm
data was found to be accurate and useful for analysis.
Selection of Areas for Full -Scope Review
WF-West has established eleven assessment areas (AAs). Five of these AAs were
evaluated using a full -scope review. See Appendix A.
Ratings
The bank's CRA rating is based upon its performance under the Lending, Investment,
and Service Tests, for which the Lending Test is weighted most heavily. WF-West's
performance in the AAs receiving full -scope reviews represents'the thrust of our initial
conclusions. in addition, more weight is placed on those AAs for which WF-West has
generated greater deposits. AAs that received limited scope reviews were also
evaluated for consistency of performance.
Other
Contacts with interested parties in several of WF-West's AAs were reviewed. These
included local government officials, economic development specialists, and advocates
for child care concerns, women's issues, and fair housing. Some of Colorado's top
credit needs are construction and permanent financing for affordable housing and small
business credit, including start-up and expansion loans.
Charter Number: 3269
Fair Lending Review
In conjunction with the CRA review, the OCC conducted a Fair Lending examination
of a WFC credit -underwriting center that processes residential loan applications from
Colorado. The examination utilized the OCC's Fair Lending examination procedures
and focused upon home improvement and refinance loan applications underwritten by
the Consumer Retail Division. Examiners selected and analyzed a sample of
applications submitted by Hispanic, Asian, and White persons that were processed
between January 1, 2000 and June 30, 2000. The sample included 131 loan
applications. The objective was to determine if WF-West provided consistent
treatment to these applicants without regard to race, color, religion, national origin,
sex, marital status, age, receipt of public assistance income, or the applicant's exercise
in good faith of any right under the Consumer Credit Protection Act. These factors
(prohibited bases) can form the basis for illegal discrimination.
Conclusions:
• The OCC found no evidence of disparate treatment applied on a prohibited basis;
no violations of fair lending laws were cited.
• WFC has a satisfactory process in place, including training, to help ensure ongoing
compliance with fair lending -laws.
i 7
STATEMENT OF PROPOSAL LIFE
This information and all enclosed pricing will remain valid until the following date,
unless otherwise agreed to by Wells Fargo & Company to extend the deadline:
May 1, 2002
- Global Reach/Personal Touch -
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
e. Are accounts administered by teams or individually?
Teams are created specifically for each client based on market segment, geographic location and
account complexity. The relationship manager assigned to the City will be based in Denver.
f. Comment on the personnel turnover you have experienced in the last year in the division.
One of our greatest strengths is our people. When additions are made to our professional staff,
both internal and national searches bring us personnel who broaden the background and
experience of our staff. We believe our people are the key to our success and our clients'
satisfaction.
A table detailing the growth and turnover experienced by Institutional Trust & Custody is
included below:
2001vtd
1 164
37
5
2000
1 132
38
11
19"
105
25
9
1998
89
21
5
1"7
72
10
8
19%
70
8
3
Please note: 16 of the "resigned"persons are still employed within other areas of Wells Fargo.
*Full-time employees
4. Client Base and Trust Assets
a. Please state the total of all assets held in custody by the Provider and the number of trust or
custodial clients (and average size) currently served. Provide a breakdown of your client
base in the categories of personal and institutional accounts, both globally and domestically.
Wells Fargo acts as custodian for over $450 billion of client assets. Institutional Trust & Custody
is a distinct business within the Institutional Trust Group, serving 475 clients with assets of $238
billion currently located in nearly all 50 states.
The following table displays the number and type of custody relationships administered by Wells
Fargo Institutional Trust & Custody:
TRUST TYPE
NUMBER OF
RELATIONSHIPS
AVERAGE
SIZE MILLION
Public Organizations
93
280
Foundations/Endowments
87
184
Financial Institutions
21
1,285
Health Care
29
103
Insurance
85
600
Mutual Funds
25
3,200
Corporations
110
290
Taft -Hartle
25
120
Totals
475
$501
Insthutlonal Trust A Custody Page 23
:A
Charter Number: 3269
Conclusions with Respect to Performance Tests
LENDING TEST
Conclusions for Areas Receiving Full -Scope Reviews
WF-West's performance under the Lending Test is rated "High Satisfactory.'
The major factors that support this rating include:
• An overall good record of serving its community's credit needs.
• WF-West's overall good borrower distribution of lending.
• A positive community development lending response to the needs of LMI population
and geographies.
WF-West's overall lending performance is good. Based on full -scope reviews, the
bank's performance is good in the Denver and Pueblo MSA9, excellent in the Grand
Junction MSA, and adequate in the Southwest and Western Rural AAs. For evaluation
purposes, we gave more weight to home mortgage lending (home purchase, followed
by home improvement and home refinance), then small loans to businesses and farms
to be consistent with the identified credit needs of the bank's AAs. In addition, to
reflect the level of deposit gatherings from each AA, we gave more weight to the
bank's performance in the Denver MSA, followed by the Western Rural, Grand
Junction MSA, Pueblo MSA, and Southwestern Rural AAs.
LENDING ACTIVITY
Please note that the source of any reference to market average or aggregate market
is either the 1998 Aggregate HMDA data, 1998 Aggregate Small Business data or
1998 Aggregate Small Farm data filings as reported to the FF/EC. The market average
for each lending component refers to the average performance of all reporters for that
particular category.
Refer to Table 1 in Appendix C for the facts and data used to evaluate WF-West's
lending activity.
WF-West's lending activity represents a good response to its AAs' identified credit
needs. The bank is a dominant lender and ranked first in home mortgage lending
volume in most of its AAs. While small farm lending has not been as significant a loan
product as home mortgage or small business lending, it ranked either first or second
in most its full -scope AAs. Such activity was only material in the Western Rural AA.
This was followed by the Greeley MSA and Logan County. In small business lending,
8
Charter Number: 32e9
the bank ranked fourth in the Denver and Pueblo MSAs, first in the -Grand Junction
MSA, second in the Southwestern. Rural AA, and third -in the Western Rural AA.
Regarding deposit rankings; the bank was essentially first in all of its full -scope AAs,
except in the Pueblo MSA where its ranking was third.
DISTRIBUTION OF LOANS BY INCOME LEVEL OF THE GEOGRAPHY
Please refer to the Appendix section, Content of Standardized Tables, for explanadons
regarding analysis methodologies.
It should be noted that three of the five full -scope areas reviewed do not have low-
income geographies. Accordingly, in our analysis of the lending performance
component for low-income areas, only the Denver MSA and Pueblo MSA are
applicable.
Home Mortgage Loans
Refer to Tables 2, 3, and 4 in Appendix C for the facts and data used to evaluate the
geographic distribution of the bank's home mortgage loan originations.
Home Purchase Loans
R
WF-West's distribution of home purchase loans in the Denver MSA and the
Southwestern Rural AA is adequate. The bank's distribution in both LMI areas was
below the areas' percentage of owner -occupied homes. Also, the bank's market share
of lending in both LMI areas fell short of its overall market share. There. are no low-
income areas in the Southwestern Rural AA.
In the Grand Junction and Pueblo MSAs, WF-West's geographic distribution is
excellent. In the Grand Junction MSA, the bank's lending in moderate -income areas
matched the areas level of owner -occupied units. In addition, the bank's market share
of moderate -income area lending nearly matched its overall market share. WF-West's
lending in the Pueblo MSA in both LMI areas matched the respective percentages of
owner -occupied housing. While the bank's market share of loans in low-income areas
was slightly below its overall market share, its share was higher in moderate -income
areas.
The bank's lending distribution in the Western Rural AA was adequate. The bank's
lending in moderate -income areas was well below the area's proportion of owner -
occupied units. However, the bank's market share of loans in moderate -income areas
was significantly higher.
Charter Number: 3289
Home Improvement Loans
WF-West's geographic distribution of home improvement loans in the Denver MSA is
adequate. The bank's lending in both LMI areas compares adequately to the areas'
percentage of owner -occupied housing, although its market share in LMI areas is well
below its overall market share. WF-West's performance in the Grand Junction MSA
Is also adequate as its lending in moderate -income areas is also below the area's
percentage of owner -occupied housing. There are no low-income tracts in the Grand
Junction MSA.
WF-West's performance is poor in the Pueblo MSA and in the Southwestern Rural AA,
only three such loans were made in 1998 which is insufficient to render any
meaningful conclusions. in the Pueblo MSA, the percentage of the bank's lending in
LMI areas is low compared to each area's percentage of owner -occupied housing. in
addition, the bank's market share in LMI areas is well below its overall market share
for these AAs.
WF-West's loan distribution in the Western Rural AA is excellent. Its percentage of .
lending in moderate -income geographies significantly exceeds the areas' level of
owner -occupied housing. In addition, the bank's market share of moderate -income
lending significantly exceeds it overall market share. There are no low -Income
geographies in this AA.
Refinance Loans
WF-West's geographic lending distribution of refinance loans in the Denver MSA is
adequate. The bank's dispersion in LMI areas was below each area's level of owner -
occupied housing. In addition, the bank's market share of LM1 area lending was below
its overall market share.
In the Grand Junction MSA, the bank's geographic distribution is good. The dispersion
in moderate -income geographies was good and accompanied by a market share that
was comparable to its overall market share. There are no low-income geographies in
the AA.
In the Pueblo MSA, the bank's loan distribution is adequate. Its lending to LMI areas
is below owner -occupied demographics. Further, its market share of these areas is
also below its overall market share. A similar but slightly weaker profile was seen for
the bank's loan distribution in the Southwestern Rural AA for moderate -income
geographies. There are no low-income areas in this AA.
In the Western Rural AA, WF-West's loan distribution was excellent. The bank's loan
distribution to moderate -income areas nearly matched demographics and its market
share of moderate -income areas substantially exceeded Its overall market share.
10
Charter Number: 3269
Small Business Loans
Refer to Table 5 in the Appendix C for the facts and data used to evaluate the
geographic distribution of the bank's small business loan originations.
In the Denver MS -A, the geographic distribution of WF-West's loans in low-income
geographies is good. Its percentage of loans made in low-income geographies is close
to the percentage of businesses there and its market share almost matches its overall
market share. WF-West's geographic distribution- of loans in moderate -Income
geographies is excellent as it exceeds the areas' percentage of businesses. In addition,
the bank's market share of moderate -income area lending exceeds its overall market
share.
In the Grand Junction MSA, WF-West's loan distribution was excellent. The bank's
loan distribution in moderate -income areas matched the areas' demographics and its
market share of moderate -income areas substantially exceeded its overall market
share.
The bank's geographic distribution of small business loans in the Pueblo MSA was
good. In low-income areas, the bank's distribution matched demographics and was
accompanied a market share that exceeded its overall market share. In moderate -
income areas, the bank's distribution was below demographics, although its respective
market share was near to its overall market share.
in the Southwestern Rural AA, the distribution is adequate. The bank's portion of small
loans to businesses made in moderate -income areas is below the demographics, as is
the respective market share to the bank's overall market share.
The bank's geographic distribution of small business lending In the Western Rural AA
is excellent. Its lending in moderate -income areas significantly exceeded demographics
and its market share of moderate -income areas significantly exceeded its overall
market share.
Small Farm Loans
Refer to Table 6 in the Appendix C for the facts and date used to evaluate the
geographic distribution of the bank's small farm loan originations.
As previously stated, WF-West's small faun lending is not as significant as home
mortgage or small business lending, although it has a dominant market rank In many
of its AAs. in the full -scope AAs, WF-West's small farm lending is most significant
in the Western Rural AA.
It is noted that there are no farms in the low-income geographies of the Grand
I
Charter Number: 32e9
Junction MSA, Bolder -Longmont MSA, Southwestern Rural, Western Rural, Logan
County, and Teller County AAs. In addition, In the Colorado Springs MSA and Greeley
MSA, only 1 % of the farms are in low-income geographies. Also there are no farms
in the -moderate -income geographies of Logan County and Teller County.
In the Denver MSA, WF-West originated only 37 loans over the two year evaluation
period. None of these loans went to low-income areas and in moderate -income areas,
the bank's distribution was modestly below the percentage of businesses there. Its
market share of moderate income area lending significantly exceeded its overall market
share. However, given the overall Insignificance of the bank's activity in this AA, no
conclusion is rendered.
In the Grand Junction MSA, the distribution of the bank's small farm loans in
moderate -income areas was good when compared to the area's demographics. Its
market share of moderate -income areas also exceeded its overall market share. There
were no farms in the MSA's low-income areas.
In the Pueblo MSA, farms are essentially concentrated in middle- and upper -income
geographies. Consequently, few opportunities in LMI geographies are available. In
addition, the bank originated only nine loans In this AA for the evaluation period.
Accordingly, no conclusions are rendered given the absence of meaningful data.
In the Southwestern Rural AA, there are too few farms in LMI areas. Accordingly, no
conclusions are rendered given the absence of meaningful data.
In the Western Rural AA,. small farm loan distribution was excellent. In moderate -
income areas, the bank's portion of loans exceeded demographics and its market share
of such loans exceeded its overall market share.
Lending Gap Analysis
This evaluation included an analysis of lending gaps in each of WF-West's AAs.
Although there were several geographies where very few or no loans were made, the
gaps were mostly a result of limited opportunities due to either the small population,
few owner -occupied homes or a limited number of businesses/farms. There were no
unexplained gaps in lending or other factors that would reflect negatively on the bank's
performance in each AA.
Inside/Outside Ratio
WF-West has'done an excellent Job of serving borrowers within its defined AA. The
bank originated 95% of its reportable lending between 1997 and 1998 within its AAs.
12
Charter Number: 3269
I
DISTRIBUTION OF LOANS BY INCOME LEVEL OF THE BORROWER
Please refer to Appendix section, Content of Standardized Tables, for explanations
regarding analysis methodologies.
Home Mortgage Loans
Refer to Tables 7, 8, and 9 in Appendix C for. the facts and data used to evaluate the
borrower distribution of the bank's home mortgage loan originations. In the analysis
that follows, it should be noted that the bank's AAs are impacted by high poverty
levels. This factor hinders credit extension somewhat and accordingly is a significant
performance context consideration that is considered in our conclusions.
Home Purchase Loans
WF-West's borrower distribution In the Denver MSA is good. Its percentage of home
purchase lending to low-income borrowers is reasonable when compared to the
percentage of low-income families there. The banks distribution of loans to moderate -
income borrowers exceeds the area's level of such families. Market share percentages
,for both LMI borrowers are in excess of the bank's overall market share. A similar
performance is noted in the Grand Junction MSA and as such, its performance was
considered good.
In the Pueblo MSA, WF-West's distribution was excellent. Its lending to low-income
borrowers was strong when compared to demographics and its distribution to
moderate-incolMe borrowers exceeded demographics. In addition, the bank's market
share of LMI borrowers was significantly greater than Its overall market share.
In the Southwestern Rural AA, the bank's borrower distribution is adequate. The
bank's loan distribution versus demographics was below the portion of low-income
borrowers, but modestly below for moderate -income borrowers. WF-West's market
share for loans to low-income borrowers was also lower that its overall market share,
but was near to for moderate -income borrowers.
WF-West's distribution in the Western Rural AA was adequate. Its dispersion to LMI
borrowers was similar to the Southwestern Rural AA profile, however its market share
of LMI borrowers significantly exceeded its overall market share.
Home Improvement Loans
WF-West's borrower distribution of home improvement loans is adequate in the Denver
MSA, Grand Junction MSA. The bank's percentage of lending to LMI borrowers is
below the percentage of LMI families there (in the Southwestern Rural AA, activity
was not sufficient to draw conclusions) where the percentage of lending to Moderate -
income borrowers exceeded the area's demographics. The bank's market share
13
. � a
Chatter Number: 3269
Percentages for LMI borrowers were also below the bank's overall market share,
except in the Grand Junction MSA where its market share of low-income borrowers
exceeded its overall market share. In the Pueblo MSA, WF-West's borrower
distribution is poor. Its lending to LMI borrowers was well below demographics and
its market share of LMI borrowers was below its overall market share.
In the Western Rural AA, the bank's borrower distribution 16 good. Its loan distribution
to low-income borrowers was below demographics, but near demographics with
moderate -income borrowers. The bank also had a low-income borrower market share
that exceeded its overall market share. Its moderate -income market share was
somewhat below its overall market share.
Refinance Loans
WF-West's distribution of refinance loans in the Denver MSA to low-income borrowers
is adequate. The bank's proportion of loans to low-income borrowers was below area
demographics, although its market share of low-income borrowers was much greater
than its overall market share. However, the bank's proportion of lending to moderate -
income borrowers was close to the area's demographics while at the same time the
bank's market share of these borrowers matched its overall market share. The
performance profiles in the Grand Junction and Pueblo MSAs were similar and are thus
good. In the Southwestern and Western Rural AAs, performance is adequate. The
bank's distribution to both LMI borrowers is below demographics although its
respective market shares are essentially at or above its overall market shares.
Small Business Loans
Refer to Table 10 in Appendix C for the facts and data used to evaluate the borrower
distribution of the bank's small business loan originations. WF-West's distribution of
small business loans reflects a good responsiveness to the credit needs of small
businesses throughout its AAs.
WF-West's lending to businesses of different revenue sizes in the Denver MSA, Grand
Junction MSA, and Pueblo MSA, was good as it comes reasonably close to the
percentage of smaller businesses (those with annual revenues under 81 million). In the
Southwestern Rural and Western Rural AAs, its performance was excellent as its
percentage of lending to smaller businesses exceeded the percentage of such
businesses there. in all of the bank's full scope AAs, its market share of loans to the
smaller businesses exceeded its overall market share.
Small Farm Loans
Refer to Table 11 in Appendix C for the Tacts and data used to evaluate the borrower
distribution of the bank's small farm loan originations.
14
Charter Number: 3269
r As stated earlier, small farm lending is not a
major strategy. The two AAs that had meaningful small farms r► ndingoduct 'activityne are the bank's
Grand
Junction MSA and Western Rural AA's,
Performance is excellent. Its percentage of small farm loans to small farms e(hose
In the Western Rural AA, the bank's
with annual revenues $1 million or less) exceeded the level of smaller farms in those
AAs. Also, the bank's respective market share of loans to smaller farms exceeded its
overall market share. The bank's borrower distribution 'in the Grand Junction
good. Its percentage of lending to smaller farms nearly matched the
small farms there and its respective market share exceeded its overall percentage
percentage of
COMMUNITY Its
LENDING
Refer to Table 1 in Appendix C for the facts and data used to evaluate the banks level
Of community development lending.
u lending had a positive impact on the Lending Test conclusions for
Junction, and Pueblo MSAs, the Southwestern and Western Rural AAs, and a neutral
effect on the Denver MSA. the Grand
in the Denver MSA, the bank made 13 CD loans totaling nearly $4 million. The
majority of this lending was for affordable housing, although some CD services were
P financed. These loans comprise 34% of the number and 13% of the dollar volume
the bank's total qualified CD lending. In the Western Rural AA, the bank made nine
loans for $7.8 million. These funds were used entirely for affordable housin
multi -family projects. In the Pueblo MSA, Wp_yyee made five CD loans aggregating
$8 million. All of this activity g. primarily
Junction MSA and the Southwestern Rural AAinancin heorbankaffordable
fomade brae CD loans tohousing. In the taling
$2.3 million.
Conclusions for Areas Receiving Limited -Scope Reviews
WF-
with Vits performances n crease aceis revingceiving review s limited -scope reviews is not inconsistent
15
Charter Number: 3269
Product Innovation/Flexibility
' Product innovation and flexibility had a positive impact on the Lending Test
conclusions for all of the bank's AAs. WF-West uses flexible underwriting practices
I by participating in, and offering, various loan programs that help address the credit
needs of LMI persons and geographies. Some of these programs would not have
evolved without WF-West's involvement. For example, WF-West offers the Southern
IUte Guaranteed Loan Program that provides personal unsecured consumer loans
guaranteed by a Native American Indian tribe. As of June 1999, the bank had $2.6
million outstanding in this program. WF-West also provides home ownership
opportunities through its Community Home Ownership Program. The program is
designed for LMI homebuyers throughout Colorado.
Conclusions for Areas Receiving Limited -Scope Reviews
Performance in the AAs of the Boulder MSA, Colorado Springs MSA, Fort Collins -
Loveland MSA, Greeley MSA, Logan County, and Teller County is not inconsistent
with the bank's overall Lending Test rating of High Satisfactory.
16
Charter Number: 3269
INVESTMENT TEST
Conclusions for Areas Receiving Full -Scope Reviews
The bank's performance under the Investment Test is rated "High Satisfactory".
Based on full -scope reviews, the bank's performance is good in each full -scope AA.
Refer to Table 12 in Appendix C for the facts and data used to evaluate the bank's
level of qualified investments.
In the Denver MSA, the bank's performance was significant in helping address
community development needs. Its investments there totaled almost 013 million. WF-
West also made equity investments in various affordable housing endeavors, including
low-income housing tax credits that directly benefit the Pueblo MSA and Colorado
Springs MSA AAs. In addition, WF-West made numerous qualified contributions,
ranging from very small, but responsive, to much larger grants.
In the Grand Junction MSA, WF-West's investment activity was good in helping to
meet identified community development needs. The bank provided grants and
contributions totaling $180 thousand and made several investments that benefited
areas on a statewide basis. Examples of those include several contributions for
educational endeavors targeted to LMI individuals and grants_ for affordable housing
through a major organization.
In the Pueblo MSA, the bank's investment activity was good in meeting community
development needs. The equity fund noted above benefits this AA, as do the
statewide investments. Grants and contributions have been responsive to the MSA's
community development needs. The investments primarily support human services
targeted to LMI individuals and families.
In both the Southwestern Rural and Western Rural AAs, WF-West's investment
performance was good, as the bank's transactions were helpful in addressing
community development needs. WF-West made numerous qualified grants and
contributions in each of these areas, providing support to educational, health, and
housing services in these non -metropolitan areas of Colorado.
Conclusions for Areas Receiving Limited -Scope Reviews
Performance in Boulder MSA, Colorado Springs MSA, Fort Collins -Loveland MSA,
Greeley MSA, and Logan County is not inconsistent with the bank's overall rating of
High Satisfactory. Performance in Teller County, where the bank made no qualified
investments, is weaker than in the remainder of the bank's AAs.
17
Response to Request For Proposal -
CITY OF FORT COLLINS RFRP-807 October 11, 2001
b. How many public entities are currently served? How many twelve months ago? Provide
ten (10) accounts of comparable size (and asset type) to be used for references. List the
name, address and phone number of the appropriate contact person to be used for this
reference.
We currently serve 93 public entities. Twelve months ago we had 91 public entity clients. The
following is a reference list of 10 public entities:
Client:
University of Colorado
Contact:
Don Eldhart
Title:
Associate Treasurer
Address:
4840 Pearl East Circle, Suite 103
Campus Box 25
Boulder, CO 80309
Phone:
(303) 492-9760
Client:
El Paso County Retirement
Contact:
David Klemmer
Title:
Plan Administrator
Address:
411 South Tejon Street, Suite F
Colorado Springs, CO 80903
Phone:
(719) 417-2395
Client:
Public Safety Personnel Retirement Systems of the State of Arizona
Contact:
Tracey Peterson
Title:
Finance Director
Address:
1020 East Missouri
Phoenix, AZ 85014
Phone:
(602) 255-5575
Client:
City of Scottsdale
Contact:
Mr. Craig Clifford
Title:
Finance Director
Address:
7447 E. Indian School Road, Ste. 210
Scottsdale, AZ 85251-3922
Phone:
(480)312-2364
Client:
City of Tucson
Contact:
Bruce Johnson
Title:
Financial Analyst
Address:
255 West Alameda
P O Box 27210
Tuscon, AZ 85726-7210
Phone:
(520) 791-4273
Institutional Trust & Custody Page 24
Charter Number: 3269
SERVICE TEST
Conclusions for Areas Receiving Full -Scope Reviews
The bank's performance under the Service Test is rated "High Satisfactory`. Based
on full -scope reviews, the bank's performance in the Denver MSA, Southwestern
Rural, and Western Rural AAs is good. Its performance in the Pueblo MSA and Grand
Junction MSAs is adequate.
Retail Banking Services
Refer to Table 13 in Appendix D for the facts and data used to evaluate the
distribution of the WF-West's branch distribution and record of opening and closings.
WF-West's delivery systems are accessible to geographies and individuals of different
income levels in its assessment area. The distribution of branches is excellent. In the
Denver MSA, Southwestern Rural AA, and the Western Rural AA, the bank's
percentage of branches in low- and moderate -Income geographies exceeds the
percentage of population residing there (population demographics). In addition, in the
Southwestern Rural AA, WF-West is the only bank to have a branch on the Southern
Ute Indian Reservation. In the Pueblo MSA, one of three branches is located in a low-
income tract, where only 6% of the population resides. Moreover, another branch
borders a moderate -income tract, where 29% of the population resides. In the Grand
Junction MSA, the bank's three branches are located in a middle -income tract where
72% of the population resides. It borders a moderate -income tract, where 9% of the
population resides.
The bank also uses freestanding ATMs as an alternative delivery system. In the
Denver MSA, these are well distributed in low-income areas, but not as strong in
moderate -income areas. The bank has 2 ATMs each or 24% of its ATMs in both LMI
areas. These areas represent 7% and 24% of the population, respectively. In
addition, in the Southwestern Rural AA, the bank has one of its four ATMs in a
moderate -income geography, which represents 8% of the population. While the bank
has 15 ATMs in the Grand Junction MSA, Pueblo MSA, and the Western Rural AA,
none are in LMI areas.
18
Charter Number: 32e9
WF-West's changes in branch locations have generally not adversely affected the
accessibility of its delivery systems, particularly to LMI geographies and individuals.
During the evaluation period, the bank opened 30 branches and closed twelve. Of
these, the bank opened three branches and closed five within LMI geographies. Our
review of the bank's nine branch closures within the full -scope areas, found minimal
impact on the community, as there are other banking offices of both Wells Fargo and
its competitors near each location. Two of these closures were in moderate -income
geographies in the Denver MSA.
WF-West's services, including branch hours, generally do not vary in a way that
inconveniences portions of its AAs. Most of the branches offer consistent weekday
and Saturday hours. However, we noted some exceptions to the bank's normal
practices, for which the bank provided explanations. In only ten out of 79 branch
stores, the lobbies are closed on Saturday. These include three branches in the Denver
MSA, a branch in the Pueblo MSA, two branches in the Southwestern AA, and four
branches in the Western Rural AA. Of these, six branches are in LMI geographies.
The Pueblo MSA branch,. which is in a low-income tract, and three of the Western
Rural AA branches, of which one Is in a moderate -income tract. Instead of Saturday
lobby hours these branches offer drive -up hours. The bank's analysis showed these
services are consistent with customer demand. In the Denver MSA, three of the
bank's branches, two of which are in a moderate -income tract, offer extended
weekday hours to better address the downtown retail traffic patterns. In two
Southwestern Rural AA branches, the bank has tested Saturday hours and found them
unsuccessful due to limited customer traffic. The fourth branch is located in a
moderate -income geography in the Western Rural AA. The bank found that the lower
weekend traffic in downtown Montrose did not support weekend hours at the bank.
WF-West offers a full range of products and services through all of its branches.
Starting in 1992, WF-West was the first bank in the state to offer totally free
checking. They also offer free access to over 220 ATMs throughout the Norwest and
Wells Fargo systems in Colorado. Other services the bank offers Include online and
telephone banking. WF-West has also set up special hours every Wednesday from
9am to 10:30am to assist the elderly in a retirement facility in the Denver MSA.
Community Development Services
WF-West has provided a relatively high level of community development services to
its AAs. .In the Denver MSA, the bank's largest market by far, over 80 qualified
community development services have been documented. These include activities that
Provide financial and homebuyer counseling, revitalization expertise, and community
services targeted to LMI neighborhoods or individuals. In the Grand Junction and
Pueblo MSAs, the number of services is smaller, but commensurate with the bank's
presence in those communities. The bank has performed over 40 qualified services
in its Western Rural AA, the third largest of its communities and the largest rural area.
19
Charter Number: 3269
The services in these areas also focus upon financial education and affordable housing
development. Two officers in this area have provided consultation to a project
providing micro -loans to entrepreneurs in the Roaring Fork Valley. WF-West has
performed three qualified services in the Southwestern Rural AA, one of which
provides financial consultation and expertise to the Southem Uts Tribal govemment.
Conclusions for Areas Receiving Limited -Scope Reviews
WF-West's performance within the limited -scope areas is not inconsistent with these
findings.
51
20
Charter Number: 3269
Appendix A: Scope of Examination
The following table identifies the period covered in this evaluation; affiliate activities
that were reviewed; and loan products considered. Also reflected are the metropolitan
and nonmetropolitan areas that received a comprehensive examination review
(designated by the term "Full -Scope') and those that received a less comprehensive
review (designated by the term "Limited -Scope').
Time Period Reviewed
Lending Test: January 1, 1997 to December 31, 1998
Community Development Lendingi November 1, 1998 to
October 31, 1999
Investment Test: November 1, 199a to October 31, 1999
Service Test: November 1, 1996 to October 37 1999
Financial institution
Products reviewed
Wells Fargo Bank West, National Association
Home Mortgage Loans
Small Business Lending;
Small Farm Lending;
Community Development
Lending, Investments, Services
Affiliates
Affiliate relationship
Products reviewed
Wells Fargo Home Mortgage
Holding Company
Home purchase and refinance
Corporation
Subsidiary
mortgage lending
Holding Company
Home Improvement loans
Norwest Home Improvement, Inc.
Subsidiary
Wells Fargo Minnesota
Home mortgage products
Wells Fargo Funding
Subsidiary
Wholly owned subsidiary
Investments
Wells Fargo Colorado Community
of WF-West
Development Corporation
List of Assessment Areas and Type of Examination
Assessment Area
Type of Exam
Other Information
Denver MSA
Full -scope
Grand Junction MSA
Full -scope
Pueblo MSA
Fuil-scope
Southwestern Rural
Full -scope
Western Rural
Full -scope
Bolder -Longmont MSA
Limited -scope
Colorado Springs MSA
Limited -scope
Fort Collins -Loveland MSA
Llmited-scope
Greeley MSA
Limited -scope
Logan County
Limited -scope
Taller County
Limited -scope
Appendix A-1
Charter Number: 3269
Appendix B: Market Profiles for Full -Scope Areas
Table of Contents
' Market Profiles for Areas Receiving Full -Scope Reviews
Denver MSA....
GrandJunction MSA..........................................................................B-4
PuebloMSA...................................................... :................................ 8-6
Southwestern Rural... .........8-8
Western Rural ... ............................................................................... B-10
Appendix 8-1
Charter Number: 3289
Full -Scope Areas
Denver MSA
DemogrpNa Ini mutlon for Fu0,4cope Ara: Dawr MSA
UW
Alah"
Aodie
Upper
U.
DomogropNe t3Mmcterbtfe4
i
% of i
% of i
% of i
% of i
% of
BooproPW (Crow Twul laAe)
480
693
21.88
32.53
21AB
1717
Popdation by GWPPhV
1,82ZM
am
2397
43M
25M
0.00
OwwrOmgbd HwAN by fimgrphy
3BB,963
3.67
Isis
4616
31.18
0.00
Bwkmm by swgrophy
B7,484
&78
23M
30.04
30.70
0.22
Farm by Gmgra*
1,007
430
17A
43.13
34.71
AI2
FV* Dbbbtldm by Main UNW
424957
16.78
18.71
2498
37.04
LOD
DbdrhWm of law• end Muinteancame
168,023
We
35.54
40M
IL28
0.00
Fs"a *M*Aut AA rrdgupNu
Modim Fw* b¢pow
- NO=
Men Hrrbp Wbw
- $87,456
HUD A4uted Men Fa* blame for 19N
- *% 00
UmmployrAat Beu Waft' IBM
- 2.5%
Houmhwh Below the Powety lard
- 8.62%
Cl TM KA MUM ammt of S0WWdU MM bM Not Mm UWBrd an dadBWm.
3ma: 1BB0 U.B. Cmmt and 191E HUD epdard MFL
WF-West has the largest deposit market share in the Denver MSA. The Denver MSA
accounts for with nearly two-thirds of the bank's deposits, 42% of its branches and
29% of its ATMs:
Competition from other financial institutions is strong. Major banking competitors
include U.S. Bank, N.A.; World Savings Bank, F.S.B.; Bank One, Colorado, N.A.; and
First Federal Bank of Colorado. Also, there are numerous mortgage companies
competing in the market, including Countrywide Home Loans, FT Mortgage
Companies, Fleet Mortgage Corporation, Resource Bancshares Mortgage, Chase
Manhattan Mortgage, and NationsBanc Mortgage Corporation. WF-West is the number
one lender for all home lending in this MSA. '
This AA encompasses the entire Denver MSA, including five counties. The principle
cities include Aurora, Brighton, Commerce City, Denver, Englewood, Lakewood,
Littleton, Northglenn, Thorton, and Westminster. The economy is strong and highly
diversified. The largest employers include US West, King Soopers, Columbia/Health
One, Centura Health Systems, United Airlines, Lockheed Martin, and Lucent
Technology. Unemployment is very low at 2.5%. In addition, population had grown
to nearly 2 million as of July 1998. Along with the economic prosperity, housing
prices have increased significantly. A report, commissioned by the Colorado Division
Appendix B-2
i
Charter Number: 3269
of Housing, estimates the price of a single family, 1,300 square foot residence, at
between $120,000 and $141,000.
As part of our evaluation, we considered information from thirteen different community
organizations, supporting housing, small business, and economic development.
Several of the contacts indicated that WF-West is very involved in the community and
is an excellent corporate citizen. The contacts confirmed that the areas greatest need
Is in affordable housing and affordable home loan products. Small-business financing
needs have been generally met as a result of strong competition. However, they
continue to see the need for banks to participate in lending opportunities that support
new businesses such as SBA loans and micro -loan programs. Opportunities for
community development involvement are strong.
Appendix B-3
Charter Number: 3289
Grand Junction MSA
Demographic InformeUon for F*Uopo Area: Grand Junction MSA
Law
Modaaa
MMdb
uppar
NA•
0W WW* Cluneteristics
/
%off
Il d d
% of /
% at f
% of
GeograpWas MOM haehlONAd
21
an
. IBM
01.80
Ism
0.00
popubtwbyCaoP*
83,146
CAM
8.84
72.03
10.13
0.00
Owner•Occopbd !bump by Geography
22534
am
8.88
70.02
23.21
0.00
&ulnas" by Coops*
4,673
0.00
20.18
Kai
15.60
0.00
Femw by Gugrapby
214
CA
794
7&07
13.08
on
Fm* DWrbutbn by Iran Lanl
25,582
10.47
18,04
22.00
3691
11.00
DWIrbotion of Low- od ModwatrNeome
G,5G6
OAO
1199
7&38
893
0.00
Fwnirue thra **A AA Qnp qWu
Median Family h==
- $27,037
Medion Houbp Vabw
- 40 5N
HUD Adpnhd Mad"rdy Februin fun 1808
- 430,800
WmWbMvd Bata Gbty ion
HousehoMs Blow the Poverty La"I
- 14.54%
1 1 IM M illieir QIIl1,Y W ewem� wa nave wwpo wrwamw wtlaateua.
awns ISM U.& Cwww adlon MID gdwd ►aL
WF-West has the largest deposit market share in the Grand Junction MSA. As of July
19981 the bank's deposit market share was 28%. Its top competitors, Mesa National
Bank and. U.S. Bank, N.A., held 12% and 11 % of the market, respectively. There are
also many mortgage companies competing in the market. The bank ranks second for
all home lending behind Fleet Mortgage Corporation. Other large competitors include
Countrywide Home Loans, and Unifirst Mortgage Corporation. Although the bank has
a strong presence in the Grand Junction MSA, it accounts for only 3% of the bank's
deposits and branches.
The Grand Junction MSA encompasses Masa Zounty,.—The city of Grand Junction is
the largest community In the county end in western Colorado. Other communities in
the MSA include Clifton, Colbran,-Fruita, Orchard Mesa, and Palisade. According to
local agencies, Mesa County's economy is healthy and expected to remain stable with
an annual economic growth rate of 2%. As of July 1998, the population of the Grand
Junction metropolitan area had grown to about 110,000. There are a.number of light
manufacturing and service industries, five area hospitals, and Mesa State College.
Major employers include Mesa County Valley School District, St. Mary's Hospital, City
Markets, Inc., and Mesa State College. At less than four percent, Grand Junction's
unemployment is low, but exceeds the state's three percent unemployment rate.
Housing prices have increased significantly. A report, commissioned by the Colorado
Division of Housing, estimates the price. of a single family, 1,300 square foot
residence, at $95,000.
Appendix 8-4
Charter Number: 3269
As part of our evaluation, we considered information from three different community
organizations, supporting, housing, small business, and economic development. We
performed two of the three contacts during the examination. The contacts indideted
that small business lending needs are being met and access to Capital is good. The
greatest need is in affordable housing, especially multi -family rentals. Housing costs
are increasing at five times the increase in wages. Opportunities for community
development lending and investment have been somewhat limited. The area has
developed two Low-income Housing Tax Credit ILIHTC) projects and provided modular
housing for migrant workers. More opportunity should present itself in the future as
government subsidized low-income housing projects come up for refinancing In the
next year and additional LIHTC's are made available.
Appendix B-5
Charter Number: 3269
Pueblo MSA
Osnowsphic Information for FWIScops An : Puablo MSA
04mofr+ddc cbanetwiatb
/
Low
% of f
Modanta
%off
18dth
% off
Uppor NA-
%off % of f
0809npbba (Camas TmWBNAs)
48
8.25
2817
37.80
2292 4.17
POPU16tiN y1, GUIFI*
123,051
4.40
27.17
30.43
28.11 .88
OwnrOaupiod Honing by 8sogmpby
31,848
2.58
23.59
4192
3192 mo0
Buaira:a by 8ogm*
4,311
18 88
28.85
37.38 1
1898 f Q21
Fmm by gnW*y
144
4.88
11.11
81.81 1
22.22 am
Fx* Dbtdmt m by beoarm latat
33,574
21.80
10.82
21.08
3894 090
06NWUN of larr and 811odoudiRmpm.
Famolp ONVO wt AA 8aopnpNu
1ZO84
too
090
O90
0 00 0.00
MWW Fw* Incoms
HUD A* W MWm Fansly looser for 1898
Haaebobla 8abw the Pwarq in*
I') The NAeasurvambeaofmarahl..riwh.....,h
- $20,m
- s38,1oo
- 189%
...Y...--r-.._�.-.
Madbn Housing VWW - t5o,98
Umunishyrow Rota (Jdy I9M - 4.8%
—
8awW 1999 UA Cana ■d 1B9 HUO Wd" MH. -
WF-West has a significant presence in the Pueblo MSA. Based on July 1998 deposit
information, the bank holds the third largest deposit market share at 17%, behind
Minnequa Bank of Pueblo and U.S. Bank, N.A. There are also many mortgage
companies competing in the market. The bank ranks second for all mortgage lending
behind North American Mortgage. Other major competitors include Countrywide Home
Loans and the Minneque Bank of Pueblo. Although the bank has a strong presence in
the MSA, this AA accounts for only two percent of the bank's deposits and three
percent of its branches.
The Pueblo MSA encompasses Pueblo County, and has 48 census tracts. Pueblo and
Colorado City are the major communities in the county. The MSA, with an
unemployment rate of 4.9%, has the highest unemployment rate of all MSAs in
Colorado. However, the economy is considered good by the community contacts we
reviewed. The area is broadening its historically manufacturing -based economy. At
one time, Pueblo was dominated by a steel mill, which provided 12,000 jobs. The city
of Pueblo was strongly impacted by a decline in the industry a number of years ago.
The city has since recovered by attracting new businesses affiliated with national
retail companies, such as Home Depot. Major employers Include the school districts,
medical centers, local government, the university, McDonald Douglass, TREN, and the
steel mill. As of July 1998, the population was estimated to have increased to
136,311. The areas housing prices have doubled, but remain affordable compared to
housing prices throughout much of the state. A report, commissioned by the Colorado
Appendix B-a
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 OctoberIZ2001
Client:
City of Henderson
Contact:
Mr. Thomas Powell
Title:
Assistant Finance Director
Address:
240 Water Street
Henderson, NV 89015
Phone:
(702)565-2053
Client:
Las Vegas Convention & Visitors Authority
Contact:
Brenda Siddall
Title:
Financial Services Manager
Address:
3150 Paradise Road
Las Vegas, NV 89109
Phone:
(702)892-0711
Client:
Solano County
Contact:
Chuck Lomeli
Title:
Treasurer
Address:
600 Texas Street
Fairfield, CA 94533
Phone:
(707)421-7485
Client:
City of Rochester
Contact:
Mr. Bruce Atkinson
Title:
Assistant Finance Director
Address:
Finance Department
201 4th Street S.E., Rm. 204
Rochester, MN 55904-3779
Phone:
(507)285-8223
Client:
Hennepin County
Contact:
Dave Lawless
Title:
Investment/Debt Manager
Address:
Office of Budget & Finance
Hennepin County Government Ctr, A-2301
Minneapolis, MN 55487-0231
Phone:
(612)349-4860
C. How many custodial clients has the Provider gained in the last twelve months?
In 2000, Wells Fargo Institutional Trust & Custody gained 72 relationships. Year-to-date in 2001,
we have gained 32 relationships.
d. How many custodial clients has the Provider lost during the past twelve months? And what
percent of your total clients does this represent? For each client lost provide the reason for
the termination.
In 2000, Wells Fargo Institutional Trust & Custody lost 5 relationships. Year-to-date 2001, we
have lost 2 relationships.
Institutional Tntst & Custody Page 25
Charter Number: 3289
Division of Housing, estimates the price of a single family, 1,300 square foot
residence, at $102,000.
As part of our evaluation, we considered information from three different community
organizations, supporting housing, small business, and economic development. The
contacts expressed the need for affordable housing. There are over 1,500 people on
a waiting list for subsidized housing. Additionally, the contacts expressed -a need for
credit education, small business technical assistance, and small business micro -loans.
Community development lending and investment opportunities are limited to low-
income tax credit projects.
Appendix 9-7
Charter Number: 3269
■ Southwestern Rural
DamograpWc bfamutim for Rd4 ope Ara: Samhwaaum Rural
D1Aa8� (Imc1ria11oa
d
Law
% of /
%
MwW7MM08
NA•
% of
BeapraPWU 1Camua TMUIBNA4)
it
0.00
08
0.00
PupWatio by 9apnplry
37,829
0.00
8
0 00Dwar-ftwiad
HmWm by 0oenphy
8,239
0.00
51
a m
Buainuoa M Geography
3,417
0.00
31.99
OLIO
5.91
0.00
Fame by Geography
129
on
L63
81A0
10.08
0.00
Famly Okmwdm by lrcoma laws
9,814
10.74
16.11
2Ul
41.73
0 00
Obtrh6o of Low and Madoratwis=v
3,351
am
10.50
11150
E70
an
FamDa N KOM AA 9wagrapldo
Mello Fm* km m
-120258
Mallet Hmkv tabu
- IB0 770
HOD Alod UMN Fw*y kmma for
dilue
- 140,4U0
llmaplaymam Bala U* 19B9)
- 4.0%
Hauudmka Blow tiu PW" lawl
- 927% '
_• -^l— —..--.I„yl�l. w NII�1� W WIi11f6
Sourm 1990 U.B. Cewwa wod 1999 HUD epdetad NFL
' WF-West has a significant presence in the Southwestern Rural AA. After acquiring the
Bank of the Southwest in September 1997, the bank attained the primary deposit
i market share position in Archuleta County and the secondary position in La Plata
County. Significant competitors include.First National Bank of Durango and Burns
National Bank of Durango. The bank also ranks number one with respect to mortgage
I lending. The competition is weak, however, as the bank has attained 29% of the
market. Its competitors include Countrywide Home Loans and Zions First National
Bank, at 11 % and five percent, respectively. Although the bank carries a strong
' presence in the Southwestern Rural AA, this AA accounts for only two percent of the
bank's deposits and six percent of its branches. WF-West is the only bank to have a
branch on the Southern Ute Reservation.
This AA encompasses Archuleta and La Plata Counties and contains 11 BNAs. The
population is centered in the cities of Pagosa Springs and Durango. The area also
includes the Southern Ute and Ute Mountain Indian Reservations, with Native
Americans comprising 4% of the AA's population. Populations in these counties have
grown significantly with more than 9,000 in Archuleta County and more than 41,000
in La Plata County as of July 1998. The growth is primarily from tourism, oil and gas
developments, retiree migration, and second home ownership. Areas of employment
include retail/services, government, and construction. The Mesa Verde National Park,
Purgatory Ski resort, and Durango Railroad are .located in this AA. At 4%,
unemployment exceeds the state average of 3%, but is still low. Housing prices have
Appendix B-8
Charter Number: 3269
more than double since the 1990 census. A report, commissioned by the Colorado
Division of Housing, estimates the price of a single family, 1,300 square foot
' residence, at $139,000 for Archuleta County and $130,000 for La -.Plata County.
As part of our evaluation, we considered information from three different community
organizations, supporting small business, and economic development. The contacts
expressed a need for affordable housing and improved transportation systems.
I Community Development opportunities are available through a local community
development organization and the small business development center.
Appendix B-9
Charter Number: 3269
t Western Rural AA
Demwpraphfe Informotion for FuMape Ana: Waetem Rural AA
LOW
Moderate
MMde
Upper
HA'
Oenuppphie pwnciade0a
J
% 01 J
% of /
% of I
% of J
% of
BwprapithmMae=TrutalBlUe)
52
0A0
5.77
9.77
51A2
0.00
P*hthnbyBwPWhy
1KR7
0.00
7.87
7.67
40.96
0.00
Owwr4uupled Homing by Gaopnphy
37,988
0.00
9.12
L12
4l38
0.00
Bwhwm by 6e0praphy
181239
0.00
8.87
6.87
66.21
0.00
Fame by Gwprephy
076
am
10.00
10.80
38.17
OAO
Fa h Dletdbutim by bum lard
40,808
16.28
1525
15.25
47M
0.00
DWrbF im d low ad ModraWlacm
12,515
on
18A5
18A5
21A1
0.00
FreZae thmup aut AA Geap *W
Mediae Feadiy I==
- 4211.M
Macao Hweiq VAn
- $60,770
HUD AdpetW Med en Fam9y lewme for 1928
- ADA80
Wwrpleyment Rap Wdy 1888)
- 2.8%
Haeahaih Below the Poverty lard
a 9.27%
tieeree te90 U.S Clneu aM 19M IIUO wdKad iW.
WF-West has the largest deposit market share in the Western Rural AA. In April 1998,
WFC acquired Mountain Bank, increasing the bank's deposit share from 17% to about
20%. Its next two competitors, Alpine Bank and Community First National Bank, hold
13% and 11 % of the market, respectively. The bank is also the number one mortgage
lender. However, competition is weak. The bank holds 19% market share with its
next competitors, Countrywide Home Loans and Chase Manhattan Mortgage, at 10%
and four percent, respectively. This AA accounts for 7.5% of the bank's deposits and
19% of its branches.
This AA encompasses Delta, Eagle, Garfield, Grand, Gunnison, Montrose, Pitkin, Routt,
San Miguel, and Summit Counties and covers 52 BNAs. The economy, which is highly
reliant on tourism from the ski resorts, is strong. Other industries include agriculture,
mining, ranching, construction, government, and retail, which are stable.
Unemployment is very low at less than three percent. The AA's population has risen
significantly to over 213,000 as of July 1998. This growth is spread throughout all
of the counties. The workforce tends to live in the less expensive communities and
commute to the higher cost resort communities.
Housing prices are significantly above rural Colorado's 1990 median housing values.
A report commissioned by the Colorado Division of Housing shows a wide range of
housing prices for these counties. While housing prices average about $90,000 dollars
for a single family, 1,300 square foot residence in Delta and Montrose counties, they
Appendix B-10
i
Charter Number: 3269
reach an estimated $567,000 and 4436,000 in San Miguel and-Pitkin counties,
respectively. Homes in the other counties range in price from $114,000 in Grand
County to $187,000 in Eagle County.
As part of our evaluation, we considered community contact information from seven
different organizations, supporting affordable housing, economic development, and
small businesses. These contacts indicated a need for affordable housing, down -
payment assistance programs, affordable childcare,. and small business financing,
especially loans less than $10,000.
I
Appendix B-11
Charter Number: 3299
I Content of Standardized Tables
A separate set of tables is provided for each state and multistate metropolitan area.
The tables cover the entire CRA evaluation period. References to the bank include
activities of any affiliates that the bank provided for consideration (refer to Appendix
A: Scope of the Examination). For purposes of reviewing the Lending Test tables, the
following are applicable: purchased loans are treated as originations; market rank is
based on the number of loans made by the bank as compared to all other lenders in
the MSA/assessment area; and market share is the number of loans originated by the
bank as a percentage of the aggregate number of reportable loans originated by all
lenders in the MSA/assessment area. The following is a listing and brief description
of the tables included in each set:
ITable 1. Lending Volume - Presents the number and dollar amount of reportable
loans originated by the bank over the evaluation period by
MSA/assessment area.
Table 2. Geographic Distribution of HMDA Home Purchase Loan Originations -
I Compares the percentage distribution of the number of loans originated by
the bank in low-; moderate-, middle- and upper -income geographies to the
percentage distribution of owner -occupied housing units throughout those
_ geographies. The table also presents market rank and market share
information based on the most recent aggregate market data available.
Table 3. Geographic Distribution of HMDA Home Improvement Loan Originations
Table 4. Geographic Distribution of HMDA Refinance Loan Originations
Table 6. Geographic Distribution of Small Business Loan Originations - The
percentage distribution of the number of small loans (<$1 million) to
businesses originated by the bank in low-, moderate-, middle- and upper -
income geographies compared to the percentage distribution of businesses
(regardless of revenue size) throughout those geographies. The table also
presents market rank and market share information based on the most
I recent aggregate market data available.
Table 6. Geographic Distribution of Small Farm Loan Originations - The percentage
distribution of the number of small loans (<$500,000) to farms originated
by the bank in low-, moderate-, middle- and upper -income geographies
compared to the percentage distribution of farms (regardless of revenue
size) throughout those geographies. The table also presents market rank
and market share information based on the most recent aggregate market
data available.
Appendix C-1
Charter Number: 3269
Table 7. Borrower Distribution of HMDA Home Purchase Loan Originations -
Compares the percentage distribution of the number of loans originated by
the bank to low-, moderate-, middle- and upper -income borrowers to the
percentage distribution of families by income level in each
MSA/assessment area. The table also presents market rank and market
share information based on the most recent aggregate market .data
available.
Table 8. Borrower Distribution of HMDA Home Improvement Loan Originations
Table 9. Borrower Distribution of HMDA Refinance Loan Originations
Table 10. Borrower Distribution of Small Business Loan Originations - Compares the
Percentage distribution of the number of small loans (<$1 million)
originated by the bank to businesses with revenues of $1 million or less to
the percentage distribution of businesses with revenues of $1 million or
less. The table also presents the percentage distribution of the number of
loans originated by the bank by loan size, regardless of the revenue size of
the business. Market share information is presented based on the most
recent aggregate market data available.
Table 11. Borrower Distribution of Small Farm Loan Originations - Compares the
percentage distribution of the number of small loans (<$b00 thousand)
originated by the bank to farms with revenues of $1 million or less to the
percentage distribution of farms with revenues of $1 million or less. The
table also presents the percentage distribution of the number of loans
originated by the bank by loan size, regardless of the revenue size of the
farm. Market share information is presented based on the most recent
aggregate market data available.
Table 12. Qualified Investments - Presents the number and dollar amount of qualified
investments made by the bank in each MSA/assessment area.
Table 13. Distribution of Branch and ATM Delivery System - Compares the
percentage distribution of the number of the banks retail branches and
ATMs in low-, moderate-, middle- and upper -income geographies to the
percentage of the population within each geography.
Appendix C-2
Table 1, Lending Volume
LENDING VOLUME
Evaluation Period:
January 1, 1997 to December 31, 1998
% of
Total
Home Mortgage
Small Buskrcss
Small Fame
Communty
Development•
Total Reported loans
% of
MSA /Aeaesamun Area
bank
Total
Depoefp
reported
in Rated
Area
a 1000'si
a
4 1000'c)
i
t (Down)
/
0 (000'sl
:
: 1oo0'sl
Bank
Loans In
Rated
Ft9Sr.olle :
Aroe
Bemsr USA
3,338,315
ZB69
29BA47
37
Z093
13
3,476
32,926
3,643,321
Bnend,kmctionMSA
191,315
612
591%1
83
Z316
1
48
748
3M
254,030
5
PoBlo USA
E7.57,M
95,712
240
15,847
8
470
5
8,000
1;BB6
120,029
3
Soutlnasstsm Rural
185,986
231
11,049
38
1,271
2
1.677
2A31
189,893
$
Wastam8ural
971,T
1,173
15285
349
13,750
9
7,577
L'coitad Scapa
8,533
1,067,735
12
Bddsrdanynora MSA
Zt
4,372
814,023
705
74,614
5
219T73
Colorado Sprinpa MSA
8.3
6,958
763,9B9
893
72,351
5AN
691,874
7
Colfns tmaland MSA
1
3
210
7,853
840,802Ft.
4.3
5A09;
601,954
588
411,880
85
3,34
9,162
654,890
9
Braelh MSA2.5
1,940
180,084
240
2IL778
259
28,778
LogoCouMf
.9
35,we
130
9,824
144
4,981
2 438
Z33,840
3
1
1,300
863
51,093
1
T Caetty
0
287
30,411
3
ZBe
0
0
(') Community Development Loans include all CD loans from 911 /96 throtgh 10/31 /99.
0
0
300
30,M7
.
<1
Appendix C-3
.a,arf
G- Mean*Nualk 321
i
I
Table 2. Geographic Distribution of Home Purchase Loan Originations
Geographic Distribution: HOME PURCHASE '
aluation Period: JIMMY 1, 1997 to December 31,
1998
Low Incomte
Oeogrephlen
Income
Mkldle Income
Upper kmonre
MSA /Armament Area
`X
lu
Geopraph6a
Gs ra
Market Shrs by Geography.
Total
Nome
Owner
p
%
OvaraOOrRL
MarketOveralUnits
BAK
Low
BM%IK
Low
�
� c
awn
Ronk*I
Low
Mod
Mld
Uppst
s
% of
fd3gpe
Units
Locc
Total
Dray MSA
4 3
20
12
45
47
31
38
1
8.10
6.50
5A0
8.30
0.00
IZ930
'M
PaeWMSA
0 0
7
7
70
93
23
31
2
11.10
0.00
10.70
10.10
14.00
B70
BraN
3 3
24
24
42
54
32
18
3
7.80
8.30
itAO
am6Atl
lr82
■aehe hrsl
0 0
B
4
80
87
0
8
1
27.20
0.00
2120
28.10
18.10
506
;
lwXad Stapt
0 0
0
4
µ
23
40
73
1
18.00
0.0D
2420
15.30
18.80
Z913
i l
Bdi4ae8 m Malk
< 1 < 1
15
12
Cdasdo ** USA
52
81
32
28
1
8.00
6.00 -
6.70
10A0
10.50
i,036
7
k.Oaia LMWNW MEA
t 1
18
12
48
38
34
62
2
B.OD
12.E
8A0
7.50
11.80
3,310
12
Gm*MBA.
3 1
11
a
µ
so
22
i!
t
17.DD
7.80
1420
17.40
17.eD
2,880
10
teOaoiM
8en
2 2
21
17
54
p
23
23
1
&BO
0.80
720
8A0
8 50
776
3
0 0
0
0
100
100
0
0
1
3L00
0.00
Mw
nm
0.00
TeBa Caloq
0 0
0
107
1
('1 sated on 1998 AggroOate HMDA Data Cray.
0
11
14
Be
Be
1
1220
OAO
OAO
I1.00
12.40
143
<1
Appendix C-4
Table 3. Geographic Distribution of Home. Improvement Loan Originations
Geographic Distribution: HOME IMPROVEMENT Evaluation Period: January 1, 1997 to December 31, 1998
MSA /Assessment Area
Low Income
Geographies
Moderate Income
Geographies
Middle Income
Geographies
Upper Income
Geographies
Overall
Market
Rank'
Market Share by Geography
ome
Total roan
Improvement
bane
%
Owner
Occ
Urdu
%
BANK
Loans
%
Owner
Ow
Units
%
BANK
Loans
'A%
Owner
Occ
Units
BANK
Loans
'A
Owner
Occ
Units
'A
BANK
Loam
Overal
I
Low
Mod
Mkl
Upper
0
Ye of
Toni
Full -Scope
Damror MSA
4
2
20
13
45
44
31
41
1
12.80
7.50
8.10
12.20
17.70
2,552
53
Grand Junction MSA
0
0
7
6
70
82
23
33
2
18.30
0.00
15.00
16.60
26.90
224
6
Pueblo MSA
3
<1
24
16
42
46
32
36
2
12.50
<1
6.40
14.70
16.10
193
4
Southwestern Rural
0
0
6
3
86
93
9
4
1
$2.80
0.00
25.00
71.40
33.30
119
2
Western Rural
0
0
9
13
44
64
48
33
- 1
34.60
0.00
41.70
41.90
26.30
427
9
Limited Scope:
Bolder -Longmont MSA
<1
<1
i6
13
52
68
32
29
1
15.40
0.00
13.10
14.60
17.40
295
8
Colerado Springs MSA
1
2
18
16
46
41
34
42
2
9.10
13.30
6.80
8.20
11.40
503
10
Ft, ColYns-t ovNand MSA
3
< 1
11
11
84
69
22
30
.3
10.80
4.80
14.30
10.00
11.90
243
5
Greeley MSA
2
2
21
14
64
55
23
29
2
11.50
6.30
4.10
13.90
12.90
170
4
Logan county
0
0
0
o
100
100
0
0
1
36.70
0.00
0.00
36.70
0.00
88
1
Teller Coumv :
0
.0
0
0
11
29
89
71
3
9.90
0.00
0.00
1 28.00
6.80
77
<1
(') Based on 1998 Aggregate HMDA Date only.
Appendix C-5
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
Information detailing the reasons for departure of each client is not available at this time,
however, the reason seldom involves products and services offered by Institutional Trust &
Custody.
In most cases the reasons for leaving are internal to the client, such as reorganization due to a
merger or consolidation of accounts. In 2000 a client terminated the relationship as a result of
unsatisfactory credit relationship with another Wells Fargo Banking group.
If you desire, we can provide references for clients who have left our organization.
5. Service Commitment
a. Describe your approach to and level of commitment to client service. Include a statement
describing the Provider's approach to satisfying the services requirements of the City.
What is the Provider's commitment to institutional custody relationships? Illustrate.
At Wells Fargo, we employ a "service team approach" to anticipate and meet our customers'
needs. Our philosophy is "customer centric", ensuring that we surround our customers with the
products and people they need in order to be successful. Each customer enjoys contact with
multiple team members, each focused on providing certain aspects of the overall service needs.
The Relationship Manager that is based in Denver will be assigned to the City that coordinates all
of the service activity, and serves as the focal point and leader of the service team.
Our goal is for the service team to function as an extension of each of our customers' internal
staff. The diagram below illustrates how the customer interacts with many different touch points
within Wells Fargo based on their needs and preferences. The Relationship Manager is
responsible for oversight and coordination of the service team activities. Through this service
model, you can access all of the Wells Fargo products and services available to you and your staff
quickly and effectively.
Institutional Trust A Custody Page 26
l'sales,
Table 4. Geoarwhic Distribution of Home Mnrtnana Refinance i_nan neininrfinne
Geographic Distribution: REFINANCE Evaluation Period: January 1, 1997 to December 31, 1998
MSA /Acsestmem Area
-
Low Income
Geographies
Moderate iraome
Geographies
Middle Income
Geographies
Upper Income
Geographies
Ovwau
Market
Rank*
Market Share by GeWsphy'
TotalHon
Mongagr
Refinance U
%
owner
Unhc
,M
BANK
Loans
%
owner
UNR
%
BANK
Loans
%
Owrar
u�
%
BANK
Loans
%
Owner
GOO
%
LANK
lUnksow
Overel
1
.law
Mod
Mid
�r
T
hi3espa:
0ame MBA
4
2
20
12
45
47
31
40
1
7A0
4.80
Ull
7.50
7.90
14,808
Brad Jwcdm MSA
0
0
7
6
70
65
23
29
1
14.00
0.00
13.0
13.00
1&50
1,403
Pa" MBA
3
1
24
13
42
50
32
35
2
&W
4,40
.510
6 80
320
864
sw*matm Rural .
0
0
9
3
B8
Be
9
8
1
29M
&00
29.80
28.80
31L60
1,043
Wr4m Rud
0
0
8
6
44
37
46
69
1
1890
&00
9)Ji0
2990
1&70
3,656
IinBal Seeps:
Baua4rrynastAM
<1
<1
15
11
52
58
n
31
1
7A0
090
11.80
7.70
720
2,040
Cdreds Sp imp MSA
1
1
19
10
48
37
34
52
2
7.50
4.30
6.20
8.40
am
3,136
R Cdfrs4sadrd MSA
3
1
11
8
64
67
22
24
1
1710
11.20
890
1290
1190
2,481
&dryMBIt
2
1
21
15
54
58
23
n
1
9.10
4.70
8A0
8.80
lam
989
lasso Cwd1
0
0
0
0
100
100
0
0
1
3390
OM
OM
3390
0.00
335
Taller Co"
0
0
0
0
11
16
N
84
2
7.60
&00
090
11.20
7.10
137
Appendix C-8
Tabie 5. Geoaraohic Distrihutinn of AmAl ibicanaeo 1 nnn A.t..lsai
Geographic Distribution: SMALL BUSINESS _ Evaluation Period; January 1, 1997 to December 31, 1998
MSA /Asssscinem Area
Low In me
Geographies
Moderate Income
Geographes
Mkidh Income
Geographies
Upper Broome
Geographies
Overall
Market
Rank
Market Share by Geogreph
Total Small
Busl tal Loans
Bust
%
aANK
Loans
Rug.
%
Beans
% of
Bus.
x'
LOer1aK
% of
�•
%
BANK
Loent
Overai
I
Low
Mod
Mid
Upper
I
% of
Total
Full -Scope
Denver MSA
9
8
24
24
38
34
31
33
4
7.10
6.60
7.70
7.30
8.90
2,869
37
Grand Junction MSA
0
0
20
20
64
. 66
16
25
1
23.30
0.00
25.60
21.10
29.40
612
a
Pueblo MSA
17
17
27
16
37
43
19
23
4
11.90
16.40
10.10
12.10
12.70
240
3
Southwestern Rural
0
0
32
/8
62
76
6
4
2
29.90
0.00
26.00
28.30
20.00
231
3
Western Real
0
0
7
18
27
49
66
33
3
16.20
0.00
42.70
29.J0
7.60
1,173
ill
Limited Scope:
Bolder-Lorgmom MSA
2
1
24
28
66
55
19
16
6
2.40
13.20
11.60
10.00
7.60
705
9
Colorado Springs MSA
2
4
32
35
36
27
29
34
4
12.10
27.70
10.20
9.80
15.60
794
10
Ft. Collin-Lovelen4 MSA
11
11
18
18
68
49
18
21
4
12.30
11.00
13.60
12.00
13.40
Gas
9
Oreal�y MSA
14
11
22
17
46
63
is
19
a
7.70
12.60
7.40
9.40
5.20
240
3
Logan County
0
0
0
0
100
100
0
0
2
14.60
0.00
0.00
13.20
0.00
130
2
Tabor Counry0 0 0
(•) Based an 1998 Aoomcate Small Ruainaaa ne»
0
n,h,
.18
33
82
87
- 7
2.00
0.00
0.00
0.00
0.00
. 3
<1
Appendix C-7
As 6._ Geographic Distribution of Small Farm Loan Originations
)graphic Distribution: SMALL -FARM Evaluation Period: January 1, 1997 to December 31, 1998
NSA /Assessment Area
Low Income
Geographies
Moderate Income
Geographies
Middle Income
Geographies
Upper Income
0eogrephles
Overall
Market
Rank•
Market Share by Geography
Total Small Farm
Loans
% of
Fennc
y,
BANK
lawn
% of
Farms
1L
am
% of
Farms
x'
Loam
% of
Farrtw
%
Overal
1
Low
Mod
M.
Upper
N
Total
-Scope
var MSA
4
0
18
to
43
69
36
24
1
15.10
0.00
18.20
17.40
10.70
37
4
d Junction MSA
0
0
6
6
78
86
13
8
1
65.70
0.00
100.00
66.70
60.00
63
a
Flo MSA
4
0
11
0
46
78
22
22
2
10.00
0.00
0.00
...6.30
26.00
9
1
thwastarn Rural
0
0
9
0
81
100
10
0
1
8b.60
0.00
0.00
90.00
0
38
4
tern Rural
0
0
11
17
61
76
38
8
1
".10
0.00
57.10
62.00
2000.
349
36
Red Scope:
er-Longmont MSA
0
0
16
0
61
40
33
Bo
2
20.00
0.00
0.DO
25.00
14.30
6
<1
cede Spdngs MSA
1
0
22
0
49
87
28
33
2
16.40
0.00
0.00
14.30
28.00
3
< 1
:nllim-Loveland MSA
6
2
a
11
6a
74
21
14
2
25.00
33.30
15.40
25.00
28.60
66
7
dey MSA
1
<1
9
9
83
87
7
4
3
22.50
0.00
53.30
22.80
11.10
259
27
in County
0
0
0
0
100
too
0
0
3
00
13.30
0.00
144
i6
x County 0 0
Based on 1998 Acorenate Smell Farm
0
Rate nnh,
0
0
0
100
0t::J�oo
1
0.00 1
0.00
0
0
Appendix C-8
able 7. Borrower Distribution of Home Purchase Loan Orlainations
lorrower Distribution: HMDA HOME PURCHASE
Evaluation Period: January 1, 1997 to December 31, 1998
w Income
Moderate income
Middle Income
Upper income
Total Home
orrowers
Borrowers
Borrowers
Borrowers
Market Share by Borrower Income• •
Purchase Loans
MSA /Asassament A s
rF,,,,.T,L,
o.�
%
Overall
ANK
ans
F,
BANK
% of
Fam6{a
BANK
Loans
F, nAs
RANK
Market
Rank
OveraI
I
Low
Mod
Mid
U peer
/
% of
,
,
mow,
Total
ii'Baapa:
Hair MSA
16
10
is
24
26
29
36
35
1
a10
020
690
920
1220
12,836
48
lined A ntimVSA
IB
7
18
21
23
26
40
43
2
11.10
1790
14M
13.50
1430
070
4
'a"MSA
22
17
17
21
22
26
40
35
4
790
24.80
1290
720
8.80
582
2
iavllaaeWaRral
19
3
18
14
23
21
42
62
1
2720
mm
26.70
27M
3690
586
2
Bostrsanal
15
3
15
10
22
161
48
1 U
1
ism
23.30
2490
24.10
21.60
Z913
11
Lk W Sails:
9oWsr-Lo psold M9A
16
7
16
20
26
29
38
43
1
8.80
S.50
8.70
1290
ISM
Z035
7
Colwado SPiis MSA
18
5
20
21
23
27
38
45
2
6.00
B90
Bill
- 0.30
14.00
3,310
12
FLCoieisrelmdMSA
19
8
16
23
24
29
36
40
1
17.00
13A0
18.50
21.00
23.60
2.660
10
GHWRMBA
20
3
16
16
23
31
38
45
1
8.80
290
690
930
13.50
716
3
Lagm Camp
20
17
18
22
27
31
35
28
1
32.00
30.10
37.30
4720
29.00
167
1
Tells Go"
15
1
12
12
20
31
63
65
1
1220
630
15A0
Ism
16.10
143
<1
'1 As a percentage of loans with borrower Income information avahable.
") Based an 1998 Aggregate HMDA Data only,
Appendix C-9
•-.•.�� -� �° Mp� 0001011 MIeaa• assets Gnwae Nurll pm* aZew.
Table S. Borrower Distribution of Home Improvement Loan Originations
Borrower Distribution: HOME IMPROVEMENT Evaluation Period: January 1, 1997 to December 31, 1998
MSA lAuaaament Area
Low Income
Borrowers
Moderate Income
Borrowers
Midge Income
Borrowers
Upper Income
Borrowers
Marketer
RankA •
Market Share by Borrower Income- •
Total Home
Improvement
Loan
% of
Females
%
BANK
Loans
% of
Rm1is
a
%
BANK
Loans•
of
Famales.
%
BANK
Loans
of"
Farnffi
%
BANK
Loam•
Ovara9
Low
Mod
MW
Uppsf
+
% of
Total
Full -Scope
Denver MSA
19
9
19
1s
25
27
36
43
1
12.80
10.60
7.80
10.70
16.90
2,552
83
Grand Junction MSA
19
9
18
13
23
22
40
54
2
18.30
21.90
17.40
14.20
26.80
224
6
A+eM° MSA
22
8
17
10
22
22
40
67
- 2
12.60
9.70
4.90
13.50
15.70
183
Southwestsm Rural
19
6
18
18
23
2Q
42
86
1
63,80
0.00
61.80
76.90
67.80
119
2
Western Rural
16
8
1b
14
22
22
48
53
1
34AID
42.90
28.110
31.50
36.70
427
9
Limited Scope:
Bolder -Longmont MSA
18
8
1B
17
26
25
38
48
1
15.40
8.10
9.00
13.30
22.00
295
8
Colorado Springs MSA
18
5
20
13
23
26
39
52
2.
9.10
6.40
5.90
6.80,
11-.60
503
10
Ft. Co9ke-Loveland MSA
19
8
19
20
24
25
38
47
3
10.80
9.50
10.30
9.30
12.40
243
5
Greelay MSA -
20
10
18
13
23
25
so
50
2
11.60.
20.00
8.00
10.00
13.30
170
4
Logan Court
20
3
19
30
27
32
35
33
1
36.70
25.00
60.00
45.60
27.60
86
1
T°K°r County 16
•1 As a oarcentaee of loana wai,
8
hn n ,
12
inn.o.._ :..s.......«...,
8
20
_.._u_u_
35
53
63
4
9.80
0.00
0.00
7.70
12.80
17
1
••) Based on 1998 Aggregate HMDA Data only.
Appendix C-10
"�� reatr � � �� l:h1sle!•Ntlner� SZ�er�
Table 9. Borrower Distribution of Home Mortgage Refinance Loan Originations
Borrower Distribution: REFINANCE Evaluation Period: January 1, 1997 to December 31, 1998
MSA /Aasesamem Area
Low Income
Borrowers
Moderets income
Borrowers
Middle Income
Borrowers
Upper Incoms
Borrowers
Overall
RM� „
Market Share by Burrower income- •
Total Home
Mort9ap
Refinance Loans
% of
Famillea
%
BANK
Loam
% of
Famas
s
%
BANK
% of
FemiSes
%
BANK
Loans
Foie
a
BANK
low•
Overall
1
Low
Mod
Mid
Upper
M
Total
Fo4Saps:
Dow USA
18
8
19
17
25
25
36
38
1
7.40
10.30
720
7.00
8.50
14,808
48
BrrdJorctmm&A -
to
5
to
1B
23
22
40
47
1
14.00
IBM
17.10
14.20
17.10
1,408
5
Pd" MSA
22
a
17
14
22
23
40
49
2
8.B0
10,40
BA
7A0
11.70
a"
3
Swe6raMflonl
1B
4
18
12
23
20
42
46
1
28.50
4IL30
27.10
29.80
20A
1,043
8
wastselraw
15
4
15
11
Z2
18
48
53
1
18.80
34.30
26.60
24.70
19.10
3,658
12
limltel Hoops:
BAIWArsaoMMU
t6
B
t8
18
26
23
38
35
1
7.40
10.70
6.80
7.50
L70
2.040
7
Celeste aMhRMSA
18
6
20
13
23
20
39
48
2
7.60
1270
]AO
7.70
t1.80
3,136
10
Ft. Csfosasomis al MSA
19
8
ill
17
24
25
38
33
1
12.10
17.80
1210
12J10
13.50
Z401
8
Gnolor MSA
20
5
19
15
23
24
39
44
1
8.10
� 11.10
11.E
8.80
10.00
093
3
LaBnCeur4
20
a
19
22
27
29
36
31
1
33.90
51.80
31.10
3330
31.2oPRT
TalrCow"
(01 As a nwrewnt.e. of I.....,"
15
2
M,.,...,e.
12
iw..w...�
9
t..._..�'.o--
20
_'-_„_�,_
23
53
56
2
18015A0
900
B80
10.10<1
V Based on 1Ore9ate HMDA Data only.
Appendix C-11
sees, Now
a ChIlIP111111111slurI11111111111111 324M
Table 10. Borrower Distribution of Small Business Loan Arininafinnn
Borrower Distribution: SMALL BUSINESS Evaluation Period: January 1, 1997 to December 31, 1998
'
MSA /Assasanem Area
Business with Revenues of {1 nalion or
lees
Losns by Odgind Amount regardless of
Business Sue
Market Shsro•
Total Small 9usiress
Loans
% of
% BANK
Loans ••
% Market
Loam•••
4100 0
or Lea
> $100 00
to
t250,ODD
>4250,00
0
i1,000,00
0
'w
Rev {7
m tenor
j
%of Dotal
Full -Scope:
Deaver MSA
72
80
61
78
12
10
7.08
7.92
2,869
37
Grand Junction MSA
77
71
82
78
to
8
23.20
25.73 .
812
8
Pueblo MSA
77
88
63
93
11
8
11.89
12.11
240
3
Southwestern Rural
79
as
86
90
9
1
29.91
36.51
231
3
wastem Rural
77
82
70
all
10
8.
31.16
33.21
1,173
15
Limited Scope:
Sokler-Longmem MSA
76
67
Be
76
16
10
S."
9.91
706
9
Colorado Strings MSA
78
54
53
_79
13
a
12.09
13.41
- 784
10
Ft. Col11ra;4Avaland MSA
78
75
68
84
11
5
1228
15.08
BBs
9
Greeley MSA
71
72
83
79
10
11
7.72
8.19
240
3
Logan County
73
76
89
82
12
B
14.68
13.86
130
2
Taw
81
67
72
67
33
0
2.00
1.39
3
<1
�. a yw w,lurye ul elk alrWrlpifBi. __
1••) Small loans to businesses with revenues of 41 million or loss as a percentage of all loam reported as small bans to businesses. No Information was available
for 4.5% of small loans to businesses originated and purchased by the bank.
(•' •) The market consists of all other Smell Business reporters In the MSA/AA and is based on 1998 Aggregate Small Business Date only.
I•" ) Based on 1998 Aggregate Small Business Date only.
("• • •) Small loans to businesses originated and purchased in the MSA/AA all a percentage of all small bans to businesses originated and purchased in the rated
area.
Appendix C-12
Table 11. Borrower Distribution of Small Farms nnn na,.ls."...e
Borrower Distribution: SMALL FARM Y Evaluation Period: January 1, 1997 to December 31, 1996
MSA /Asseacmant
Farm with Revenues of *I million or less
Loans by Original Amount regardless of
Fermi Size
Market Share• • • •
Total Small Farm Loans
Area
% of
Farms
%BANK
Laans' •
%Market
Leans• • •
t700,000
or Less
> $100,00
to
f250,000
> $250,00
o to
$500000
All
Rev 11
Million or
lase
If
% of Total
Full -Scope
Denver MSA
87
100
75
84
13
3
15.05
16.90
37
4
Grand Junction MSA
so
88
83
89
11
0
66.71
61.54
63
7
Puebla MSA
92
100
100
88
11
0
10.00
10.00
9
<1
Southwestern Rural
100
80
60
95
6
0
90.48
94.74
38
4
Woctam fiwd
88
94
89
B1
7
2
87.49
87.43
349
36
Limited Scope:
Golder -Longmont MSA
90
- 100
92
100
0
0
20.00
27.43
5
<1
Colorado Springs MSA
91
- 100
91
87
33
0
15.38
18.67
3
<1
Ft. Coaru-Lo"lard MSA
88
97
71
54
16
1
26.00
31.94
66
7
Greeley MSA
81`
87
92
77
18
7
22.49
21.40
269
27
Logan County
93
98
99
84
8
0
19.63
13.80
144
16
Tiller County 100
(•) Fares with nav im of at mill inn
0
n. I .. —
0
0
0
0
0
0
0
0
1•1 Small loans to terms with revenues of 81 million or less as a percentage of all loans reported as small loans to farms.
1`1 The market consists of NI other Small Farm reporters In the MSA/AA and Is based on 1998 Aggregate Small Farm Data only.
(••••) Based on 1998 Aggregate Small Farm Daft only.
••I Small loans to farms originated and purchased in the MSA/AA as a percentage of all small loans to farms originated and purchased In the rated area.
Appendix C-13
Table 12. Qualified Invaut,mantc
QUALIFIED INVESTMENTS Evaluation Period: November 1, 1996 to October 31, 1999
MSA lAasessment Ana Prior Period Immmunanta • Cueerd Period ants Tatal Invectmema
s 1to0s) %•• P 11o00'sl %•• I 1Io0o•sl %of Total
rs
Full -Scope
Danwr MSA
0
0
0
109
12,660
100
109
12.660
45.5
Grand Junalon MSA
0
0
0
8
150
100
a
ISO
0.6
Pu" MSA
0
0
0
11
230
100
11
230
0.8
Southwestern Rural
0
0
0
10
30
100
10
30
NN
Wasbm Rural
0
0
0
20
30
100
20
30
fal
Limited -Scope
Boulder MSA
0
0
0
25
1.810
100
25
1.810
a.5
Colorado Springs MSA
0
0
0
28
1,800
100
28
I,Boo
6.5
Fan CoWns-Loveland MSA
0
0
O
52
850
100
52
660
2.3
Graaley MSA
0
0
0
28
610
100
28
610
2.2
LOW County
0
0
0
7
390
100
7
390
1.4
TeBar County
0
0
0
0
O
0
0
0
0
Statewide: 2 460
1') 'Prior Period Investments' means lnvwatmw
4.8
t. n. 1. I
2
_.s_.._ _.-�
8.954
--
96.11
4
9,404
33.8
••-'_•.•'- •••�•••• ••• . r.....w a•aweuun parep lint remain outstanding.
1 Percentage of the dollars invested in that MSA/Assessment Area that is prior Pedod Investments or current period investments.
Appendix C-14
i
Table 13. Distribution of Branch Delivery System
DISTRIBUTION OF BRANCH DELIVERY SYSTEM Evaluation Period: November 1, 1998 to October 31, 1999
Deposit
Branches
Branch Openings and Closings
Population
a
MSA/Auesement
%of
Of
% of
Location of Branches by
0 of
Net gain(+) / loss(-) of
-
% of the Population in
Area
Total
Bank
Total
Income of Geographies (%)
4 of
Branch
Branches due to
each Geography
Bank
Branche
Bank
�h
Offing
o enM B/cloein e
Low
Mod
Mid
Upper
Low
Mod Mid Upper
Low
Mod
Mid
Upper
D°p°`R
`
a
Branches
Closings
e
(%1
(%1
(%1
1%)
Fug -Scope:
Denver MSA
62
44
42
14
23
41
23
4
5
0
-2
1
2
6.9
43.3
25.8
74.0
Grand Junction MSA
3
3
3
0
0
100
0
0
0
O
0
0
0
0.0
8.8
72.0
19.1
Pueblo MSA -
2
3
3
33
0
33
33
1
0
0
0
-1
0
6.3
29.2
37.5
22.9
Southra rctem Rural
2
e
6
0
17
83
0
1
4
0
0
3
0
0.0
8.4
79.5
12.1
Western Rural
7
20
/9
O
10
20
70
3
13
0
0
3
7
0.0
7.7
42.4
50.0
LimdtedScope:
Boulder -Longmont
7
6
6
0
33
60
17
0
1
0
1
0
0
3.O
62.0
27.0
MSA
17.9
Colorado springs MSA
8
12
12
O
33
26
42
2
4
0
.1
2
1
1.8
44.0
28.0
25.9
Fort CoRewLovaland '
MSA
4
3
3
0
33
67
0
0
0
. 0
0
0
.0
6.7
61.4
18.8
14.0
Greeley MSA
2
4
4
26
26
26
25
1
1
-1
1
0
0
3.6
50.2
19.3
27.1
Logan County
<1
1
<1
0
0
100
0
0
0
0
0
0
0
0.0
0.0
100.0
0.0
Taller County
<1
1
<t
0
0
0
100
0
1
0
0
0
1
0.0
0.0
1 10.3
89.7
tra parrzmage or the pdpwadan in The MSA/AA tiler[ resides In these geographies.
Appendix C-15
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 71,1001
In assigning a service team to a relationship, we consider many factors. Our goal is to leverage
relevant team experience and geographic presence to provide a team that "fits" the client's
organizational needs. Relationship Managers are generally assigned by geographic proximity and
specific industry segment expertise. Other team members are assigned based on their familiarity
with similar customers' needs and workload capacity. Currently, Wells Fargo's ITC group
deploys Relationship Managers in ten offices throughout the U.S including Denver.
To effectively service our customers' needs, customer information is centrally maintained and
distributed to service team members electronically through our Client Profile System (CPS). This
web -based tool synchronizes service team activities, tracks customer inquiries regardless of their
origin, as well as maintains detailed information about specific needs and procedures. Back up
service team members are assigned for all functional duties, and CPS allows them to be fully
informed about the status of accounts if needed.
Every Institutional Trust & Custody customer is different, and has unique servicing needs.
Because of those differences, a service team may include any or all of the following components:
Relationship Manager: The Relationship Manager is directly responsible for the overall quality
of the service provided. They work with the client to fully understand their needs and
requirements. Croce these are determined, they work with the rest of the service team to establish
specific operating procedures, service standards, and communication strategies for their
relationship with us. The Relationship Manager is a valuable partner for our client's business.
They are available to the client and their staff to provide the highest level of consultative service.
Trust Administrator: The Customer Service Consultant is a daily contact for account activities
and inquiries. They coordinate all aspects all daily activity, touching many different areas within
the bank. All account activity is coordinated through them, and they are a first point of contact
for status reports. The Customer Service Consultant keeps the Relationship Manager informed of
all account activity and unique processes needed to meet customers' needs.
Trust Accountant: The Trust Accountant verifies and prepares all accounting and performance
measurement information. They work closely with other team members to understand account
activity and properly report results. Accountants are fully trained in all aspects of trust
accounting, including multi -currency reporting, unitization, equitable share allocations, and
performance measurement.
Investment Manager Specialist: The Investment Manager Specialist works directly with a client's
investment managers whether internal or external to ensure all trading activity flows smoothly.
Located in our trust operations area, Investment Manager Specialists are assigned specifically to
an investment management firm across all relationships. This ensures that a manager, that likely
works with us on behalf of other customers, is managed consistently and efficiently in their
trading process. This specialist works closely with the Customer Service Consultant to ensure
that overall needs are met on a day -today basis.
Technology Specialists: Depending on specific needs, Technology Specialists work to help best
leverage the technology and information we provide. These specialists may include technical
support, custom development, project management and information management expertise. A
team of technical resources is part of our ITC business, and is focused solely on ITC service
teams and customers.
Institutional Dust & Custody Page 27
No Text
Federal Financial Institutions Examination Council
Bow of Gavevan of 9N Fed" 11 a Syean
onto Ku wTtoocoae
FedenJ oep� uaaruca Ca,po M
CMe W. .. sole-oosz
Cape d er cangmlb, d ft cufty y
OMB Nunlar. I551-0a91
Fjom Mw, 31.2oa
Tads d CmW .lu
tlr mw.d Jetlaaun
daWneMtlh,u,den.
Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices—FFIEC 031
Report at the close of business June 30, 2001
This report is required by law: 12 U.S.C. §M (State
member banks); 12 U.S.C. §1817 (State nonmember banks);
and 12 U.S.C. §161 (National banks).
20010630
(RCRI 9999)
This report form is to be filed by banks with domestic offices
only. Banks with foreign offices (as defined In the
instructions) must file FFIEC 031.
NOTE: The Reports of Condition turd moon* must be Signed The Reports of Condition and Income we to be prepared in
by an authorized officer and the Report of Condition must be accordance with Federal regulatory aulhortry Instructions.attested to by not fens than two directors (trustees) for sate
nonmember tanks and three directors for Sate member and National banks, We, the undersigned directors(trustees), attest to the
I, James —E. Hanson, vice President
Name and The It Officer Authwited a Sipe Repon
of the named bank do hereby declare that the Reports of
Condition and Income (Including the supporting schedules)
for this report date have been prepared In oonfamenes with
the Instructions issued by the appropriate Federal reguatory
authority and are true to the best of my knowledge and
ballet.
Signature of OHicer p Sign Report
�Date of ipMtuie—�'—%
Submission of Report,
Each bank must prepare Its Reports of Condition and Income
either.
(a) in electronic; form and Men file the computer data file
directly with the banking agendas' collection agent.
Electronic Data Systems Corporation (EDS), by modem or
an computer diskette; or
(b) in hard -copy (paper) form and arrange for another party
to Convert the paper report to elecbon{c torn,. That party
FDIC
,.mown.
http:/A w.welistarao com
Primary Internet Web Address of Bank
(Home Page), if any (TE)C4087)
(Example: www.exemplebsnk.com)
correcMess of Me Report of Condition (khGudkre the
auPPwft schedules) for this report date and declare that h
has been examined by us and to the test of our knowledge
and belief has been prepared in conformance with the
instructions aeued by the appropriate Federal regulatory
ILuMority, anIs b d u/end correct -
(if otter than EDS) must transmit the bank's computer
data file to EDS.
For electronic: filing assistance, contact EDS Call
Report Services, 2150 N. PMspeCt Ave., Milwaukee,
WI 53202, telepfane (800) 255.1571.
To fulfill the signature and attestation requirement for the
Reports of Condition and Income for this report date, attach
this signature page (or a photocopy or a computer•genemts
version of this page) to the hard -copy record of the compret
report that the bank paces in its files.
Mlnneeoolle
C y (TF�(T 9130)
MN S6479
Sate Abbey. (TEXT 9200) %Code ( 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency
FFIEC 031
Consolidated Reports of Condition and Income for Page I
A Bank With Domestic Offices Only 7-2�
Table of Contents
Signature Page
Report of Income
Cover
Schedule RI - Income Statement
RI-1, 2, 3
Schedule RI -A -Changes in Equity Capital
RI-4
Schedule RI-B - Charge -offs and Recoveries on
Loans and Leases and Changes in Allowance
for Loan and Lease Losses
RI-4, 5
Schedule RI-D - Income from
International Operations
RI-6
Schedule RI-E - Explanations
RI-6, 7
Disclosure of Estimated Burden
The estimated avenge %mien assadab0 wM Ma Wo nelbn cn joom a
35.5 hWS Per MW~ and Is esOTgbtl b vary km 14 b 500 h4 per
response, depe dN on I dM" mmmgarrea. Bunten assnabas hGde
to ere farreMeMM hstructlme, 9aNerngand mahWhinng dab In be ro Wred
Won, and mr4m*V the hfermem mseram, dRe cUe the ewe for compiing
and maht*N bsrbcs rands in the nomal worse of a respedmre adhdes.
AFederal agewy may nd mMud a spas,,, and on agm mbon(a a p,ason)b
non requred b respond b a MISWm of hbrrnsom.0 Aftplays a ammey
vaW OMB control mrnber. Cameras conmrrang to smracyd Ms b
esdmee and auggmtlma fur redutlrg Me NOW ahmId bedhe bee OAke
of rianueon and Reg My Mars, Oflloe Of MaregerreM and BWgK
Washngbn, D.C. 20503, and b one of MefalbMng
Secretary
Board of Governors of the Federal Reserve System
Washington, D.C. 20551
Legislative and Regulatory Analysis Division
Office of the Comptroller of the Currency
Washington, D.C. 20219
Assistant Executive Secretary
Federal Deposit Insurance Corporation
Washington, D.C. 20429
Report of Condition
Schedule RC - Balance Sheet_ RG1, 2
Schedule RC -A - Cash and Balances Due
From Depository Institutions _ RC-3
Schedule RC-B - Securities RG3, 4, 5
Schedule RC•C - Loans and Lease Financing Receivabl
Part I. Loans and Leases RC-6, 7
Part II. Loans to Small Businesses and
Small Farms (to be completed for the
June report only; not included in the forms
for the September and December re RG7a, 7b
Schedule RGD - Trading Assets and Liabilities
(to be completed only by selected b RC-8
Schedule RGE - Deposit Liabilities _ RG9, 10
Schedule RC-F - Other Assets _ RC•11
Schedule RC-G - Other Liabilities _ RG11
Schedule RGH - Selected Balance Sheet Items
for Domestic Offices RC-12
Schedule RGI - Assets and Liabilities RC-12
Schedule RCK- Quarterly Averages RC-13
Schedule RGI. - Derivatives and
Off -Balance Sheet Items RG14, 15
Schedule RGM - Memoranda _ RG16
Schedule RGN - Past Due and Nonacorual
Loans, Leases, and Other Assets _ RG17, 18
Schedule RGO - Other Data for Deposit
Insurance and FICO Assessments _ RG19, 20
Schedule RGR - Regulatory Capital _ RG21,22,
23,24
Schedule RGS - Securitization and
Asset Sales Activities RG25,26,
27,27a
Schedule RGT - Fiduciary and Related Services (to be
completed beginning December 31, RC-28, 29, 30
Optional Narrative Statement Conceming
the Amounts Reported in the Reports
of Condition and Income RC31
Special Report (to be completed by all banks)
For information or assistance, national and state nonmember banks should contact the FDIC's Reports Analysis and Quality
Control Section, 550 17th Street, NW, Washington, D.C. 20429, toll free on (800) 688-FDIC(3342), Monday through Friday
between 8:00 a.m. and 5:00 p.m., Easters lime. State member banks should contact their Federal Reserve District Bank.
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank W-1
Minneapolis
55479
.,.d a Zip Code
FDIC Certificate Number - 05208
Consolidated Report of Income
for the period January 1, 2001 — June 30, 2001
All Report of Income schedules are to be reported on a calendar year-to-date basis in thousands of dollars.
Schedule RI —Income Statement
Dollar Amounts in Thousands Rwo Bil Mil
1. Interest Income:
a. Interest and fee income on loans:
(1) In domestic offices:
(a) Loans secured by real estate
(b) Loans to finance agricultural production and other bans to fanners
(c) Commercial and industrial loans
(d) Loans to individuals for household, family, and other personal expendiatures:
530,769 1.a.t.a
7,946 1.a.t.b
226,049 t.a.1.c
4ott
ooze
aotz
(1)Credit cards
(2) Other (includes single payment, installment, all student loans, and revolving
92,487 1.a.t.d.1
B�
e4as
credit plans other than credit cards)
(a) Loans to foreign governments and official institutions
(f) All other loans in domestic offices
(2) In foreign offices, Edge and Agreement subsidiaries, and IBFs
(3) Total Interest and fee income on loans (sum of items ll.a.(1)(a) through 1.a.(2))
b. Income from lease financing receivables
c. Interest income on balances due from depository institutions: (1) _
d. Interest and dividend income on securities:
saes
60,708 1.a.t.d.2
0 1.a.t.e
96,708 1.a.11
230 1.a.2
1,014,897 1.a.3
74.122 1.b
776 1.c
4056
8497
aos9
Seto
aces
at15
(1) U.S. Treasury securities and U.S. Government agency obligations (excluding
mortgage -backed securities)
(2) Mortgage -backed securities
(3) All other securities (includes securities issued by states and political subdivision
a4ae
12,185 1.d.1
35,337 1.d.2
saes
in the U.S.)
e. Interest income from trading assets
f. Interest income on federal funds sold and securities purchased under agreements to resell
g. Other interest income
h. Total interest income (sum of items 1.a.(3) through 1•g)
2. Interest expense:
19,232 1.d.3
276 t.e
403,242 11
8,673 t.g
1,568,740 1.h
aoeo
a089
ad2o
4518
4107
a. Interest on deposits:
(1) Interest on deposits in domestic offices:
(a) Transaction accounts (NOW accounts, ATS accounts, and
telephone and preauthorized transfer accounts)
(b) Nontransacdon accounts:
2,603 2.a.t.a
asps
(1) Savings deposits (includes MMDAs)
(2) Time deposits of $100,000 or more
(3) Time deposits of less than $100,000
(2) Interest on deposits in foreign offices, Edge and agreement subsidiaries, and IBFs
b. Expense of federal funds purchased and securities sold under agreements to repurchase
c. Interest on trading liabilities and other borrowed money
117,671 2.a.t.b.1
9,210 2.a.t.b.2
52,067 2.a.t.b.3
187,538 2.a.2
234,614 2.b
166,292 2.c
0093
A517
A518
4172
4180
4185
(1) Includes interest income on time certificates of deposits not held for trading.
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RI-2
FDIC Certificate Number - 05208
Schedule RI -Continued
d. Interest on subordinated notes and debentures
a2oo
0
2.d
e. Total interest expense (sum of items 2.a through 2.d) _
2.e
go73
769,995
3. Net interest income (item 1.h minus 2.e)
4074
798,745
3
4. Provision for loan and lease losses
a23o
49,699
4
S. Noninterest income:
a. Income from fiduciary activities (1)
5.a
4070
143,404
b. Service charges on deposit accounts in domestic offices
5.b
4080
67,051
c. Trading revenue (2)
5.c
n220 515
d. Investment banking, advisory, brokerage, and underwriting fees
and commissions
B490
31,435
5.d
e. Venture capital revenue
5.e
8491
0
f. Net servicing fees
5.f
B492
1
g. Net securitization income
5.g
3493
0
h. Insurance commissions and fees
5.h
8494
17,753
I. Net gains (losses) on sales of loans and leases
SJ
5416
675
J. Net gains (losses) on sales of other real-estate owned
S.j
5415
118
k. Net gains (losses) on sales of other assets (excluding securities)
S.k
Bags
555
(.Other noninterest income'
5.1
B497 198,969
m. Total noninterest income (sum of items 5.a through 5.1)
40791
460,476
5.m
6. a. Realized gains (losses) on held -to -maturity securities
35211
0
6.a
b. Realized gains (losses) on available -for -sale securities
3t96
2,332
6.b
7. Noninterest expense:
a. Salaries and employee benefits
7.a
4135 257,275
b. Expenses of premises and fixed assets (net of rental income)
azt7
54,090
(excluding salaries and employee benefits and mortgage interest)
7.b
c. Amortization expense of intangible assets (Including goodwill)
7.c
453t
5,628
d. Other noninterest expense '
7.d
4092 385,915
e. Total noninterest expense (sum of items 7.a through 7A)
4693
702,908
Ze
8. Income (loss) before income taxes and extraordinary
items, and other adjustments (item 3 plus or minus items 4, 5.m,
O.a, 6.b, and 7.e)
4301
508,946
8
9. Applicable income taxes (on item 8)
4302
187.617
9
10. Income (loss) before extraordinary items and other adjusments
(Rem 8 minus item 9)
4300
321,329
10
11. Extraordinary items and other adjustments, net of income taxes'
a320
0
ill
12. Net income (loss) (sum of items 10 and 11)
43401
321,329
112
' Describe on Schedule RI-E - Explanations.
(1) For banks required to complete Schedule RC-T, items 12 through 19, income from
fiduciary activities reported in Schedule RI,
Rem 5.a, must equal the amount reported in Schedule RC-T, Rem 19.
(2) For banks required to complete Schedule Rl, Memorandum Rem 8, trading revenue
reported
in Schedule RI,
item 5.c
must equal the sum of Memorandum items 8.a through 8.d.
Wells Fargo Bank Minnesota N.A.
Legal Title of Bank
°171C Certificate Number - 05208
. 6hedule RI —Continued
FFIEC 031
RI-3
0
Dollar Amounts in Thousands
IRIADIBII I W-11-1-ThoR
1. Interest expense incurred to carry tax-exempt securities, loans, and leases acquired after
August 7, 1986. that is not deductible for federal income tax purposes
4513 278 M.1
2. Income from the sale and servicing of mutual funds and annuities in domestic offices
(included in Schedule RI, item 8)
9431 1,585 M.2
3. Income on tax-exempt loans and leases to states and political subdivisions In
the U.S. (included in Schedule RI, Items 1.a and 1.b)
4313 817 M.3
4. Income on tax-exempt securities issued by states and political subdivisions in the U.S.
(included in Schedule RI, item 1.d.(3))
4507 5,827 MA
5. Number of full-time equivalent employees at end of current period (round to
Number
nearest whole number)
4150 7,284 M.5
6. Not applicable
7. If the reporting bank has restated its balance sheet as a result of applying push dowr
CC W / MM / DD
accounting this calendar year, report the date of the bank's acquisition (1)
9106 N/A M.7
8. Trading revenue (from cash instruments and derivative Instruments)
(sum of Memorandum Items 8.a through 8.d must equal Schedule RI, item 5.c)
(To be completed by banks that reported average trading assets
(Schedule RC-K, Item 7) of $2 million or more for any quarter of the
preceding calendar year.):
ThoL
RIAD Bit Mila.
Interest rate exposures
9757 400 M.8.a
b. Foreign exchange exposures
8758 115 M.8.b
c. Equity security and index exposures
6759 0 M.8.c
d. Commodity and other exposures
8760 0 M.8.d
Impact on income of derivatives held for purposes other than trading:
RwD Bit I Mil
% Net increase (decrease)to interest income
6761 0 M.9.a
b. Net (increase) decrease to interest expense
8762 0 M.9.b
c. Other(noninterest) allocations
8763 0 M.9.c
10. Credit losses on derivatives (see instructions)
Azst 0 MAO
11. Does the reporting bank have a Subchapter S election in effect for
YES / NO
federal Income tax purposes for the current tax year 7 IA5301
NO IM.11
(1) For example, a bank acquired on June 1, 2001, would report 20010601
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank Rid
FDIC Certificate Number - 05208
Schedule RI -A —Changes in Equity Capital
Indicate decreases and losses in parentheses.
of Condition and Income (i.e., after adjustments from amended Reports of Income)
2. Restatements due to corrections of material accounting errors and changes in
accounting principles*
3. Balance and of previous calendar year as restated (sum of items 1 and 2)
4. Net income (loss) (must equal Schedule RI, item 12)
5. Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury
stock transactions)
3217
3,084,474
1
2
3
4
5
8507
0
e5os
3,084,474
4340
321,329
B509
0
6. Treasury stock transactions, net
7. Changes incident to business combinations, net
8. LESS: Cash dividends declared on preferred stock
9. LESS: Cash dividends declared on common stock
10. Other comprehensive income (1)
11. Other transactions with parent holding company' (not included in items 5, 6, 8, or 9 above)
12. Total equity capital end of current period (sum of items 3 through 11) (must equal
Schedule RC, item 28)
B510
0
6
17
8
9
10
11
12
4356
23,496
aa70-
0
4460
245,000
B511
11,094
4415
54,188
3210
3.249.681
Describe on Schedule RI-E - Explanations.
(1) Includes changes in net unrealized holding gains (losses) on available -for -sale securities, changes in accumulated net gains
(losses) on cash flow hedges, foreign currency translation adjustments, and changes in minimum pension liability adjustments.
Schedule RI-B—Charge-offs and Recoveries on Loans and Leases
and Changes in Allowance for Loan and Lease Losses
Part 1. Charge -offs and Recoveries on Loans and Leases
Part l excludes charge -offs and recoveries through
the allocated transfer risk reserve.
Dollar Amounts in Thousands
Cha
e-offs 1 Recoveries
Calendar ear -to -date
RIAD Bil Mil RIAD Bd AM7
1. Loans secured by real estate:
a. Construction, land development, and other land loans in domestic
offices
1.a
1.b
1.c
t.c
i.d
1.e
1.t
2.a
2.b
3
4.a
4.b
c
3682 8 3583 91
b. Secured by farmland in domestic offices
c. Secured by 1-4 family residential properties in domestic offices:
(1) Revolving, open-end loans secured by 1-4 family residential
properties and extended under lines of credit
(2) Closed -end loans secured by 1-4 family residential properties
d. Secured by multifamily (5 or more) residential properties in domestic
Offices
35M 275 3585 16
6411 247 54t2 2
5413 354 Sala 606
3588
0 3589 0
e. Secured by nonfarm nonresidential properties in domestic offices
f. In foreign offices
2. Loans to depository institutions and acceptances of other banks:
a. To U.S. banks and other U.S. depository institutions
b. To foreign banks
3. Loans to finance agricultural production and other loans to fanners
4. Commercial and industrial loans:
a. To U.S. addressees (domicile) 146451
b. To non-U.S. addressees (domicile) 146-461
5. Loans to individuals for household, family, and other personal
expenditures:
a. Credit cards
3590
841 3591 858
e512
0 B513 0
4653
0
4663 0
4654
0
4664 0
4655
3
4665 425
-••,.
19,064
4617
1,751
O
146181
0
„s,a cue aea ot. t , MA
b. Other (includes single payment, installment, all student loans 3
and revolving credit plans other than credit cards) 6
(1) Include writedowns arising from transfers of loans to the held -for -sale account.
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
^'F Certificate Number - 05208
�hedule RI-B—Continued
Part I. Continued
Dollar Amounts in Thousands
6. Loans to foreign governments and official institutions
7. All other loans
8. Lease financing receivables:
a. To U.S. addressees (domicile)
b. To non-U.S. addressees (domicile)
9. Total (sum of items 1 through 8) _
Memoranda
Dollar
development activities (not secured by real estate) included in
Schedule RI-B, part I, items 4 and 7, above
2. Loans secured by real estate to non-U.S. addresses (domicile)
(included in Schedule RI-B, part I, item 1, above):
FFIEC 031
RI-5
LJ
( Column A ( Column B )
Charge -offs 1 Recoveries
Calendar (ear -to -date
RIAD
Bil Mil
RIAD Bil Mil
4643
0
4627 0
4644
715
462e 42
4659
0
4666
0
4659
0
4669
0
4636
67,119
4605
9,605
(1) Include writedowns arising from transfers of loans to the held -for -sale account.
Part II. Changes in Allowance for Loan and Lease Losses
hd Income (i.e., after adjustments from amended Reports of Income)
�. recoveries (must equal part I, item 9, column B above)
3. LESS: Charge -offs (sum of part I, item 9, column A above and Schedule RI-E, item 6.a)
4. Provision for loan and lease losses (must equal Schedule RI, item 4)
S. Adjustments' (see instructions for this schedule)
6. Balance end of current period (sum of Items 1 through 5)
(must equal Schedule RC, item 4.0
Recoveries
Include as a negative number writedowns arising from transfers of loans to the held -for -sale account. Describe
all adjustments on Schedule RI-E--Expianations, Rem 6.
8.a
8.b
9
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank {Z-6
FDIC Certificate Number - 05208
Schedule RI-D—Income from International Operations
For all banks with foreign offices, Edge or Agreement subsidiaries, or IBFs where international operations
account.for more than 10 percent of total revenues, total assets, or net income.
a. Gross interest Income
b. Gross Interest expense
2. Net interest income attributable to international operations (item 1.a b)
3. Noninterest income and expense attributable to international operations:
a. Noninterest income attributable to international operations4os7
b. Provision for loan and lease losses attributable to international operationsgz35
c. Other noninterest expense attributable to international operations4z3s
t. interest income and expense attributable to international operatioJ64797
d. Net noninterest income (expense) attributable to international operations (Rinus
3.b and 3.c)
1.a
1.b
2.
3.a
3.b
3.c
3.d
8523
N/A
8524
WA
8525
WA
WA
WA
WA
4843
WA
4. Estimated pretax income attributable to international operations before capita
adjustment (sum of items 2 and 3A)
5. Adjustment to pretax income for internal allocations to international operatio
the effects of equity capital on overall bank funding costs4845
6. Estimated pretax income attributable to international operations after capital a
adjustment (sum of items 4 and 5)
7. Income taxes attributable to income from international operations as estimate
8. Estimated net income attributable to international operations (item 6 minus 7)4341
4844
hUA q
WA 5
WA 6
484e
4797
WA
7
WA
8
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
c^IC Certificate Number - 05208
liedule RI-E—Explanations
Schedule RI-E is to be completed each quarter on a calendar year-to-date basis.
Detail all adjustments in Schedules RI -A and RI-B, all extraordinary items and other adjustments in
Schedule RI, and all significant items of other noninterest income and other noninterest expense in
Schedule RI. (See instructions for details.)
1.0
Iti
S(
a.
b.
C.
d.
e.
f,
9•
h.
2. Oi
It
of
a.
b.
C.
I
f.
9•
h.
L
3. Fx
It(
a. (1;
b. (1,
Dollar Amounts in Thousands RIAD
Year-to-Dat
Bil MY
.her noninterest Income (from Schedule RI, item 5.1)
mize and describe the three largest amounts that exceed 1 h of the sum of
hedule RI, Items 1.h and 5.m:
TEXT
C013 Income and fees from the printing and sale of checks
C013 0
C014
Earnings on/increase in value of cash surrender value of life insurance
cola 0
C016
Income and fees from automated teller machines(ATMs)Do16
0
4042
Rent and other income from other real estate owned
4042 0
eels
Safe deposit box rent
cols 0
4461
Affiliate service fee
aril 90,258
4a6z
Credit card ban fees
4462 61,302
4463
4483 0
her noninterest expense (from Schedule RI, item 7.d):
(maze and describe the three largest amounts that exceed 1% of the sum of
Schedule RI, items 1.11 and 5.m:
TEXT
C017 Data processing expenses
C017
0
0497
Advertising and marketing expenses
04971
0
4136
Director's fees
4136
0
cola
Printing, stationary, and supplies
C018
0
6a03
postage
8403
0
4141
Legal fees and expenses
4141
0
4146
FDIC deposit Insurance assessments
4146
0
4464
Affiliate expense allocation
4464
180,752
4417
4467
0
ease
4468
0
traordinary items and other adjustments and applicable income tax effect (from Schedule RI,
m 11) (itemize and describe all extraordinary items and other adjustments):
TEXT
6373 Effect of adopting FAS 133, "Accounting for Derivative Instruments and Hed in Activities
6373 0
2 Applicable income tax effect 4466 0
4ae7
4487 0
2 A plicable income tax effect 4466 0
4469
4469 0
(2) Applicable income tax a 4as1 0
FFIEC 031
RI-7
1.a
1.b
1.c
1.d
1.e
1.f
1.g
Lh
2.a
2.b
2.c
2.d
Z.e
2.f
2.g
2.h
2.1
2.1
3.a.1
3.a.2
3.b.1
3.b.2
3.c.1
3.c.2
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
Product Specialists: From time to time, Product Specialists work with clients and the service
team to provide detailed information in support of our many products and services. Examples
could include Securities Lending, Investment Management, Commission Recapture, Global
Custody, and Portfolio Liquidation to name a few. Relationship Managers draw on these
resources as necessary to ensure that clients' needs are met now and in the future.
Senior Management: Our Senior Management team is committed to our clients. Our
commitment is to provide a service team with the resources and training needed to fully meet and
exceed expectations. This commitment includes on -going reinvestment in the business through
technology and human resources. The members of the management team are available at anytime
for interaction with our customers.
Institutional Trust & Custody monitors its performance on a monthly basis through our formal
Service Quality Program. This allows us to provide our clients with meaningful, tangible
evidence of our performance. We have established precise standards for accuracy, timeliness and
responsiveness. We measure our performance on an on -going basis and report the results to our
clients at pre -established time frames via the Service Report Card. Some of the performance
standards we measure are: Accuracy of Statements, Timeliness of Financial Statements,
Telephone Responsiveness, Issue Tracking & Resolution, Transaction Processing, Client Contact.
Our belief is a client should never have to raise an issue twice. Client issues and their resolution
are tracked and monitored individually by each and every service team member using Client
Profile System (CPS). We institute checkpoints and/or communications with clients on an on-
going basis to provide them with an update on the status of their issues. If expectations cannot be
met, Service Team members proactively contact the client to inform them and to re -set
expectations.
b. How do you monitor customer satisfaction?
We monitor client satisfaction through our Service Quality Program, annual surveys, and through
the coordination of Client/Service Team meetings. We also have two Institutional Trust &
Custody Control Managers to ensure quality standards.
Institutional Trust & Custody Page 28
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number - 05208
Schedule RI-E—Continued
4. Rr
ch
(in
b.
5. Ot
(it(
a.
b.
B. At
pa
Year-to-Dat
Dollar Amounts in Thousands RIAD Bil MilI.
tstatements due to corrections of material accounting errors and
anges in accounting principles
)m Schedule RI -A, item 2) (itemize and describe all restatements):
TEXT
8528
B526 0
8527
B527 0
her transactions with parent holding company (from Schedule RI -A, item 11)
Imize and describe all such transactions):
TEXT
4498 Capital infusion
4498 54,188
4499
4499 0
Ijustments to allowance for loan and lease losses (from Schedule RI-B,
rt II, item 5) (itemize and describe all adjustments):
TEXT
5523 Write -downs arisin from transfers of loans in the held -for -sale account
5523 0
aszz
Loan urchase
a5z2 25,705
a.
b.
7. Other explanations (the space below is provided for the bank to briefly describe, at its option, any other significant
items affecting the Report of Income): RIA
X=NO COMMENT -Y=COMMENT 4769X
Other explanations (please type or print Beady):
TEXT ( 70 characters per line )
a76s
FFIEC 031
RI-8
4.a
4.b
5.a
5.b
6.a
6.b
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
Minneapolis
55479
crate Zip Code
FDIC Certificate Number- 05208
Consolidated Report of Condition for Insured Commercial
and State -Chartered Savings Banks for June 30, 2001
All schedules are to be reported in thousands of dollars. Unless otherwise indicated,
report the amount outstanding as of the last business day of the quarter.
Schedule RC —Balance Sheet
Dollar Amounts in
1. Cash and balances due from depository institutions (from Schedule RC -A):
a. Noninterest-bearing balances and currency and coin (1)
b. Interest -bearing balances (2)
2. Securities:
a. Held -to -maturity securities (from Schedule RC•B, column A)
b. Available -for -sale securities (from Schedule RC-B, column D)
3. Federal funds sold and securities purchased under agreements to resell
4. Loans and lease financing receivables (from Schedule RC-C):
a. Loans and leases held for sale
b. Loans and leases, net of unearned Income B52e 18,568
c. LESS: Allowance for loan and lease losses 3�T 277
d. Loans and leases, net of unearned Income and allowance (Item 4.b minus 4.c)
5. Trading assets (from Schedule RC-D)
6. Premises and fixed assets (including capitalized leases)
�Iher real estate owned (from Schedule RGM)
avestments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)
9. Customers' liability to this bank on acceptances outstanding
10. Intangible assets
a. Goodwill
b. Other intangible assets (from Schedule RC-M)
11. Other assets (from Schedule RC-F)
12. Total assets (sum of items 1 through 11)
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
FFIEC 031
RC-1
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RC-2
FDIC Certificate Number- 05208 12
Schedule RC —Continued
13. Deposits
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, Co
part I) zz00 21,753,983
13.a
(1) Noninterest-bearing (1)
13.a.1
(2)Interest-bearing
13.a.2
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs
RCF(from
Schedule RC-E, part II)
2200 5,138.796
13.b
(1) Noninterest-bearing
13.b.1
(2) Interest -bearing
CF
13.b.2
14. Federal funds purchased and securities sold under agreements to rep;;;1
2soo 2,339,754
14
15. Trading liabilities (from Schedule RC-D)
3548 24,635
15
16. Other borrowed money (includes mortgage indebtedness and obligations
3190 5,872,485
under capitalized leases) (from Schedule RC-M):
16
17. Not applicable
2920
4,607
18. Bank's liability on acceptances executed and outstanding
18
19. Subordinated notes and debentures(2)
32 00
0
19
20. Other liabilities (from Schedule RC-G)
2930
769,329
20
21. Total liabilities (sum of items 13 through 20)
2948
35,903,589
21
3000
0
22. Minority interest in consolidated subsidiaries
22
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus
3838
0
23
3230
100,000
24. Common stock
24
25
25. Surplus (exclude all surplus related to preferred stock)
3s39
1,712,625
26. a. Retained earnings
3632
1,401,850
26.a
b. Accumulated other comprehensive income (3) s530 35,108 26.b
27. Other equky capital components (4) A130 0 27
28. Total equity capital (sum of items 23 through 27) 3210 3,249,581 28
29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28) 3300 39,153,170 129
Memorandum
To be reported only with the.March Report of Condition.
1. Indicate in the box at the right the number of the statement below that best describes the
most comprehensive level of auditing work performed for the bank by independent external RCF Number
auditors as of any date during 2000 672� M. 1
1 = Independent audit of the bank conducted in accordance
4 = Directors' examination of the bank conducted
with generally accepted auditing standards by a certified
in accordance with generally accepted auditing
public accounting firm which submits a report on the bank
standards by a certified public accounting firm
2 = Independent audit of the bank's parent holding company
(may be required by state chartering authority)
conducted in accordance with generally accepted auditing
5 = Directors' examination of the bank performed by
standards by a certified public accounting firm which
other external auditors (may be required by state
submits a report on the consolidated holding company (but
chartering authority)
not on the bank separately)
6 = Review of the bank's financial statements by
3 = Attestation on bank management's assertion on the
external auditors
effectiveness of the bank's internal control over financial
7 = Compilation of the bank's financial statements by
reporting by a certified public accounting firm
external auditors
8 = Other audit procedures (excluding tax
preparation work)
9 = No external audit work
(1) Includes total demand deposits and noninterest-bearing time and
savings deposits.
(2) Includes limited -life preferred stock and related surplus.
(3) Includes net unrealized holding gains (losses) on available -far -sale
securities, accumulated net gains (losses) on
cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.
Wells Fargo Bank Minnesota, N.A.
Legal Tide of Bank
FFIEC 031
RC3
^lC Certificate Number - 05208 3
. Jhedule RC -A --Cash and Balances Due From Depository Institutions
Exclude assets held for trading.
1. Cash items in process of collection, unposted debits, and currency and
coin
a. Cash items in process of collection and unposted debits
b. Currency and win
2. Balance due from depository institutions in the U.S.
a. U.S. branches and agencies of foreign banks (including their IBFs) _
b. Other commercial banks in the U.S. and other depository institutions
in the U.S. (including their IBFs)
3. Balances due from banks in foreign countries and foreign central banks
a. Foreign branches of other U.S. banks
b. Other banks in foreign countries and foreign central banks
4. Balances due from Federal Reserve Banks
5. Total (sum of items 1 through 4) (total of column A must equal
Schedule RC,. sum of items 1.a and t.b)
Schedule RC-B—Securities
Exclude assets held for trading.
Fair Value
2. U.S. Government agency obligations
(exclude mortgage -backed securities):
a. Issued by U.S. Government agencies (1
b. Issued by U.S. Government -sponsored
agencies (2)
3. Securities issued by states and
political subdivisions in the U.S. _
3.a
3.b
(1) Includes Small Business Administration 'Guaranteed Loan Pool Certificates,' U.S. Maritime Administration obligations, and
Export - Import Bank participation certificates.
(2) Includes obligations (other than mortgage -backed securities) issued by the Farm Credit System, the Federal Home Loan Bank
System, The Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, the Financing Corporation,
Resolution Funding Corporation, the Student Loan Marketing Association, and the Tennessee Valley Authority.
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number - 05208
Schedule RC-B—Continued
Fair Value I Amortized Cost Fair Value
4. Mortgage -backed securities (MBS):
a. Pass -through securities:
(1) Guaranteed by GNMA
(2) Issued by FNMA and FHLMC
(3) Other pass -through securities
b. Other mortgage -backed securities (Indh
CMOs, REMICs and stripped MBS):
(1) Issued or guaranteed by FNMA,
FHLMC, or GNMA
(2) Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNN
(3) All other mortgage -backed securities
5. Asset -backed securities (ABS):
a. Credit card receivables
b. Home equity lines
c. Automobile loans
d. Other consumer loans
9. Commercial and industrial loans _
f. Other
6. Other debt securities:
a. Other domestic debt securities
b. Foreign debt securities
7. Investments in mutual funds and
other equity securities with
readily determinable fair values (1)
8. Total (sum of items i through 7) (total of
Column A must equal Schedule RC Item 2.,
(total of column D must equal Schedule RC
hem 2.b)
(1) Report Federal Reserve stock, Federal Home Loan Bank stock, and bankers bank stock in Schedule RC-F, item 4.
FFIEC 031
RC-4
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
�r)IC Certificate Number - 05208
#hedule RC-B—Continued
1. Pledged securities (1)
2. Maturity and repricing data for debt securities (1, 2) (excluding those in nonaocrual status):
a. Securities issued by the U.S. Treasury, U.S. Government agencies, and states
and political subdivisions in the U.S.; other non -mortgage debt securities; and
mortgage pass -through securities other than those backed by closed -end
first lien 1-4 family residential mortgages with a remaining maturity or next repricing
date of: (3,4)
(1) Three months or less
(2) Over three months through 12 months
(3) Over one year through three years
(4) Over three years through five years
(5) Over five years through 15 years
(6) Over 15 years
b. Mortgage pass -through securities backed by closed -end first lien 1-4 family
residential mortgages with a remaining maturity or next repricing date of: (3,5)
(1) Three months or less
(2) Over three months through 12 months
(3) Over one year through three years
(4) Over three years through five years
(5) Over five years through 15 years
(6) Over 15 years
c. Other mortgage -backed securities (include CMOs, REMICs, and stripped MBS;
exclude mortgage pass -through securities) with an expected average life of: (6)
(1) Three years or less
(2) Over three years
[ Debt securities with a REMAINING MATURITY of one
year or less (included in Memorandum items 2.a through 2.c above)
3. Amortized cost of held-to-matudty securities sold or transferred to available -for -sale or
trading securities during the calendar year-to-date (report the amortized cost at date
of sale or transfer)
4. Structured notes (included in the held -to -maturity, and available -for -sale accounts in
Schedule RC-B, items 2, 3, 5, and 6):
a. Amortized cost
b. Fair value
FREC 031
RC-5
M.2.a.1
M.2.a.2
M2.a.3
M2.a.4
M2.a.5
M2.a.6
M2.b.1
M2.b.2
M2.b.3
M2.b.4
M2.b.5
M.2.b.6
(1) Includes held -to -maturity securities at amortized cost andavailable-for-sale securities at fair value.
(2) Exclude investments in mutual funds and other equity securities with readily determinable fair values.
(3) Report fixed rate debt securities by remaining maturity and floating rate debt securities by next repricing date.
(4) Sum of Memorandum items 2.a.(1) through 2.a.(6) plus any nonaocrual debt securities in the categories of debt securities
reported in Memorandum Rem 2.a that are included in Schedule RC-N, Rem 9, column C, must equal Schedule RC-B, sum
of items 1, 2, 3, 5, and 6, columns A and D, plus mortgage pass -through securities other than those backed by closed -end
first lien 14 family residential mortgages included in Schedule RGB, item 4.a, columns A and D.
(5) Sum of Memorandum items 2.b.(1) through 2.b.(6) plus any nonaccmal mortgage pass -through securities backed by
dosed -end first lien 1-4 family residential mortgages included in Schedule RC-N, item 9, mlumn C, must equal Schedule RC-B,
item 4.a, sum of columns A and D, less the amount of mortgage pass -through securities other than those backed by dosed -end
first lien 1-4 family residential mortgages included in Schedule RC-B, Rem 4.a, columns A and D.
(6) Sum of Memorandum items 2.c.(1) and 2.c.(2) plus any nonamrual "Other mortgage -backed securities" included in
Schedule RC-N, Rem 9, column C, must equal Schedule RGB, Rem 4.b, sum of columns A and D.
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number - 05208
Schedule RC-C—Loans and Lease Financing Receivables
Part I. Loans and Leases
Do not deduct the allowance for loan and lease losses from amounts
reported in this schedule. Report (1) loans and leases held
for sale and (2) other loans and leases, net of unearned income.
Report loans and leases net of any applicable allocated transfer risk reserve.
Exclude assets held for trading and commercial paper.
Domestic
Dollar Amounts in Thousands
1. Loans secured by real estate
a. Construction, land development, and other land loans
b. Secured by farmland (including farm residential and other
improvements)
c. Secured by 14 family residential properties:
(1) Revolving, open-end loans secured by 14 family residential
properties and extended under lines of credit
(2) Closed -end loans secured by 14 family residential properties:
(a) Secured by first liens
(b) Secured by junior liens
d. Secured by multifamily (5 or more) residential properties
a. Secured by nonfarm nonresidential properties
2. Loans to depository Institutions and acceptances of other banks:
a. To commercial banks in the U.S.
(1) To U.S. branches and agencies of foreign banks
(2) To other commercial banks in the U.S.
b. To other depository institutions in the U.S.
c. To banks in foreign countries
(1) To foreign branches of other U.S. banks
(2) To other banks in foreign countries
3. Loans to finance agricultural production and other loans to fanners
4. Commercial and industrial loans:
a. To U.S. addressees (domicile)
b. To non-U.S. addressees (domicile)
5. Not applicable.
6. Loans to individuals for household, family, and other personal
expenditures (i.e., consumer loans) (includes purchased paper):
a. Credit cards
b. Other revolving credit plans
c. Other consumer loans (includes single payment, installment, and
and all student loans
7. Loans to foreign government and official institutions (including
foreign central banks)
8. Obligations (other than securities and leases) of states and political
subdivisions in the U.S.
9. Other loans
a. Loans for purchasing or carrying securities (secured and unsecured)
b. Al other loans (exclude consumer loans)
10. Lease financing receivables (net of unearned income)
a. Of U.S. addressees (domicile)
b. Of non-U.S. addressees (domicile)
11. LESS: Any unearned income on loans reflected in items 1-9 above
12. Total loans and leases, net of unearned income (sum of items 1
through 10 minus item 11) (total of column A must equal
Schedule RC, item 4.a and 4.1b)
FREC 031
RC-6
1.c.2.a
1.c.2.b
1.d
1.e
MIT
10
10.a
10.b
11
12
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RC-7
Certificate Number- 05208 17
;.chedule RC-C—Continued
Part I. Continued
Dollar
(included in Schedule RC-C, part 1, and not reported as past due or
{i
nonaccrual in Schedule RC-N, Memorandum item 1) (exclude loans secured
V
by 1-4 family residential properties and loans to individuals for
III
161s 0
household, family, and other personal expenditures)
M.1
2. Maturity and repricing data for loans and leases (excluding those in nonaccrual status):
a. Closed -end loans secured by first liens on 1-4 family residential properties in domestic
offices (reported in Schedule RC-C, part I, item 1.c.(2)(a), column B)
with a remaining maturity or next repricing date of: (1, 2)
RCor1..
(1) Three months or less
Asr>a 11,755,850
M2.a.1
Aces 658,114
(2) Over three months through 12 months
M2.a.2
(3) Over one year through three years
AsSe 44,604
M2.a.3
(4) Over three years through five years
M.2.a.4
Ase7 69.872
(5) Over five years through 15 years
M2.a.5
A568 412,282
(6) Over 15 years
M.2.a.6
Assn 502.117
b. All loans and leases (reported in Schedule RC-C, part 1, items 1 through 10, column A)
EXCLUDING dosed -end loans secured by first liens on 1.4 family residential properties
in domestic offices (reported in Schedule RC-C, part I item 1.c.(2)(a), column B) with a
remaining maturity or next repricing date of: (1,3)
RCF
(1) Three months or less
A570
8,457,955
M2.b.1
(2) Over three months through 12 months
M2.b.2
A571
2,799.789
(3) Over one year through three years
M2.b.3
A57z
2,452,907
(4) Over three years through five years
M.2.b.4
A57s
1,681,751
:(5) Over five years through 15 years
A57a
1,402,286
M.2.b.5
t6) Over 15 years
M.2.b.6
A57s
532,791
c. Loans and leases (reported in Schedule RC-C, part I, items 1 through 10, column A)
with a REMAINING MATURITY of one year or less (excluding those in nonaccrual status) Aza7 18,227,703
M2.c
3. Loans to finance commercial real estate, construction, and
land development activities (not secured by real estate)
included in Schedule RC-C, part I, items 4 and 9, column A (4) 27a5 0
M.3
4. Adjustable rate closed -end loans secured by first liens on
14 family residential properties in domestic offices ItCo
Qnduded in Schedule RC-C, part I, item 1.c.(2)(a), column B) 5370 3,764,041
MA
5. Loans secured by real estate to non-U.S. addresses (domicile) (included in RCF
Schedule RC-C, part I, Item 1, column A) eaa7 0
M.5
(1) Report fixed rate loans and leases by remaining maturity and floating rate loans by next repricing date.
(2) Sum of Memorandum items 2.a.(1) through 2.a.(6) plus total nonaccrual dosed -end loans secured by first liens on
14 family residential properties in domestic offices included in Schedule RC-N, hem 1.c.(2), column C must
equal total dosed -end loans secured by first liens on 1-4 family residential properties from .
Schedule RC-C, part I, item 1.c.(2)(a), column B
(3) Sum of Memorandum items 2.b.(1) through 2.b.(6) plus total nonaccrual loans and leases from Schedule
RC-N, sum of items 1 through 8, column C, minus nonaccrual dosed -end loans secured by first
liens on 14 family residential properties in domestic offices included in Schedule RC-N,
Rem 1.c.(2), column C, must equal total loans and leases from Schedule RC-C, Part I, sum or hems
1 through 10, column A, minus total closed -end loans secured by first liens on 14 family
residential properties in domestic offices from Schedule RC-C, part 1, item 1.c.(2)(a), column B.
(4) Exclude loans secured by real estate that are included in Schedule RG-C, part 1, item 1, column A.
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RC-7a
FDIC Certificate Number- 05208 7a
Schedule RC-C—Continued
Part It. Loans to Small Businesses and Small Farms
Schedule RC-C, Part II is to be reported only with the June Report of Condition.
Report the number and amount currently outstanding as of June 30 of business loans with "original amounts" of $1,000,000
or less and farm loans with "original amounts" of $500,000 or less. The following guidelines should be used to determine
the "original amount" of a loan: (1) For loans drawn down under lines of credit or loan commitments, the "original amount" of
the loan is the size of the line of credit or loan commitment when the line of credit or loan commitment was most recently
approved, extended, or renewed prior to the report date. However, if the amount currently outstanding as of the report date
exceeds this size, the "original amount' is the amount currently outstanding on the report date. (2) For loan participations
and syndications, the "original amount" of the loan participation or syndication is the entire amount of credit originated by the
lead tender. (3) For all other loans, the "original amount" is the total amount of the loan at origination or the amount currently
outstanding as of the report date, whichever is larger.
Loans to Small Businesses
t. Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your bank's "Loans
secured by nonfarm nonresidential properties" in domestic offices reported in Schedule RC-C, part I, item 1.e, column B,
and all or substantially all of the dollar volume of your bank's "Commercial and industrial loans to U.S. addressees"
in domestic offices reported in Schedule RC-C, part I, item 4.a, column B, have original amounts of $ 100,000 or less
(If your bank has no loans outstanding in BOTH of these two loan categories, Roo YES / NO
place an "X" in the box marked "NO.") 69N I NO t
If YES, complete items 2.a and 2.1b below, skip items 3 and 4, and go to item S.
If NO, and your bank has loans outstanding in either loan category, skip items 2.a and 2.b,
complete items 3 and 4 below, and go to item 5. If NO and your bank has no loans outstanding
in both loan categories, skip items 2 through 4, and go to item 5.
2. Report the total number of loans currently outstanding for each of the following
SchedWe RC-C, part I, loan categories:
a. "Loans secured by nonfarm nonresidential properties" in domestic offices Number
reported In Schedule RC-C, part I, item 1.e, column B (Note: Item 1.e, column IRC04 of Loans
divided by the number of loans should NOT exceed $100,000.) 55az WA 2.a
b. "Commercial and industrial loans to U.S. addressees" in domestic offices
reported in Schedule RC-C, part I, item 4.a, column B (Note: Item 4.a,
column B. divided by the number of loans should NOT exceed $100,000.) ssea WA 2.b
Number Amount
of Loans Currently
Thousands
nonresidential properties" in domestic offices reported in Schedule RC-C,
part I, item 1.e, column B (sum of items 3.a through 3.c must be less than
or equal to Schedule RC-C, part I, item 1.e, column B):
a. With original amounts of $100,000 or less
b. With original amounts of more than $100,000 through $250,000
c. With original amounts of more than $250,000 through $1,000,000
4. Number and amount currently outstanding of "Commercial and industrial bans to
addressees" in domestic offices reported in Schedule RC-C, part I, item 4.a, colu
(sum of items 4.a through 4.c must be less than or equal to Schedule RC-C, part
Rem 4.a, column 8):
a. With original amounts of $ 100,000 or less
b. With original amounts of more than $100,000 through $250,000
c. With original amounts of more than $250,000 through $1,000,000
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RC-7b
'SIC Certificate Number- 05208 17b
.,.,`hedule RC-C—Continued
Part If. Continued
Agricultural Loans to Small Farms
5. Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your
bank's "Loans secured by farmland (including fans residential and other improvements)" in domestic
offices reported in Schedule RC-C, part 1, Rem 1.b, column B, and all or substantially all of the dollar
volume of your bank's "Loans to finance agricultural production and other loans to farmers" in domestic
offices reported in Schedule RC-C, part I, item 3, column B, have original amounts of $100,000 or less
(If your bank has no loans outstanding in BOTH of these two loan categories, Rco YES/ NO
place an W in the box marked "NO.") seso NO 5
If YES, complete items 6.a and 6.b below and do not complete items 7 and 8.
If NO, and your bank has loans outstanding in either loan category, skip items 6.a
and 6.b and complete items 7 and 8 below. If NO and your bank has no loans
outstanding in both loan categories, do not complete items 6 through 8.
6. Report the total number of loans currently outstanding for each of the follo%
Schedule RC-C, part I, loan categories:
a. "Loans seared by farmland (including farm residential and other
improvements)" in domestic offices reported in Schedule RC-C,
part I, Rem lb, column B (Note: Item 1.b, column B, divided by the number
of bans should NOT exceed $100,000.)
b. "Loans to finance agricultural production and other bans to fanners" in
domestic offices reported in Schedule RC-C, part I, item 3, column B
(Note: Item 3, column B, divided by the number of loans
should NOT exceed $100,000.)
7. Number and amount currently outstanding i
farm residential and other improvements)" ii
RC-C, part I, Rem 1.b, column B (sum of iter
equal to Schedule RC-C, part I, item 1.b, coli
a. With original amounts of $100,000 or less
b. With original amounts of more than $100,(
c. With original amounts of more than $250,(
8. Number and amount currently outstanding r
production and other loans to farmers" in di
RC-C, part I, Rem 3, column B, (sum of item,
equal to Schedule RC-C, part 1, item 3 colum
a. With original amounts of $100,000 or less
b. With original amounts of more than $100,(
c. With original amounts of more than $250,(
(Column A)
(Column B)
Number
Amount
of Loans
Currently
Dollar Amounts in Thousands
Outstandin
If "Loans secured by farmland (Inclu
co
co
ell Mii I Thou
t domestc offices reported in Schad
is Ta through 7.c must be less than
imn B):
5578
689
5579
27,537
100 through $250,000
5580
296
55e1
37,490
100 through $500,000
5582
67
sses
18,873
rf "Loans to finance agricultural
)mastic offices reported in Schedule
> 8.a through 8.c must be less than or
n B):
5584
2,460
ssas
59,314
100 through $250,000
5586
435
5587
59,551
CO through $500,000
5588
142
ssas
41,904
6.a
6.b
7.a
7.b
Tc
8.a
8.b
8.c
Response to Request For Proposal.
CITY OF FORT COLLINS RFRP-807 October 12, 2001
6. Training
Describe any ongoing educational seminars, user meetings, publications, or other training
mechanisms you use for keeping clients informed and educated. (Respond on system
specific training in Sections: 4.D.15g, 4.13.18e and 4.E.6d.)
On -going educational resources provided include:
Workshops/Sentinars
Wells Fargo also holds several workshops and seminars during the course of a year for its
clients, with topics ranging from investments to securities lending to non -qualified plan
structures. Our clients are welcomed to take advantage of all opportunities through out
the Wells Fargo franchise.
Newsletters
A newsletter, Trust Matters, is mailed to our clients that features business, economic and
informational articles written by staff. Other Wells Fargo investment and economic
newsletters are also available to our interested clients via e-mail and the Internet.
Transition Training:
Your Transition Team Manager, Relationship Manager, Administrator and other team members
will communicate with you both during and after conversion to ensure a smooth transition, and
train your staff on daily operational and online procedures. A Customer Operations and
Procedures manual, a copy of which is attached in the addendum, is provided for the client's use.
Specialized Online Training
Our clients do not have to install any software on their systems to use our user friendly
Internet -based product Trust Portfolio. However, we offer full online HELP functions
and quick reference guides to assist our customers. As a new user, your relationship
manager will provide the necessary training to the appropriate City staff.
HelpLine/Helpdesk
We have a fully staffed help -desk for our Internet -based information products available to
help with specific tasks anytime during the workday. It is also equipped with voice -mail,
and several different options including direct paging to serve the client.
7. Outstanding Litigation
Identify and describe any litigation or investigations by a regulatory agency or authority or
contingent liabilities your company, its officers or its principals, have been involved in
within the last three years relative to your custodial service.
Wells Fargo & Company is a large financial institution and, from time to time, is under
examination or investigation by a variety of state or federal regulatory agencies. No examination
or investigation is currently pending, which could negatively impact Wells Fargo's ability to
deliver the services identified in the request for proposal.
Insikutional Trust & Custody Page 29
Wells Fargo Bank Minnesota, N.A. FREC 031
Legal Title of Bank RP8
FDIC Certificate Number- 05208 18 _
Schedule RC -II --Trading Assets and Liabilities
Schedule RC-D is to be completed by banks that reported average trading assets (Schedule RC-K, item 7)
of $2 million or more for any quarter of the preceding year.
1. U.S. Treasury securities in domestic offices
3531
0"
1
2. U.S. Government agency obligations in domestic offices (exclude mortgage -
backed securities)
3532
0
2
3. Securities issued by states and political subdivisions in the U.S. in domestic offices
3533
0
3
4. Mortgage -backed securities (MBS) in domestic offices:
{�
a. Pass -through securities issued or guaranteed by FNMA, FHLMC, or GNMA
3534
3.496
4.a
b. Other mortgage -backed securities issued or guaranteed by FNMA, FHLMC, or GNMA
(include CMOs, REMICs, and stripped MBS)
35M
0
4.b
c. Al other mortgage -backed securities
353fi
0
4.c
5. Other debt securities in domestic offices
3537
0
5
6. - 8. Not applicable
9. Other trading assets in domestic offices
IaUll
n
a
10. Trading assets in foreign offices
11. Revaluation gains on interest rate, foreign exchange rate,
and other commodity and equity contracts
a. In domestic offices
b. In foreign
10
12. Total trading assets (sum of items 1 through 11) (must equal Schedule RC, item 5) asas 31,782 12
LIABILrnES RCF Bil I Mil
13. Liability for short positions 354s 0 13
14. Revaluation losses on Interest rate, foreign exchange rate, and other commodity and equity
cone 3547 24,635 14
15. Total trading liabilities (sum of items 13 and 14) (must equal Schedule RC, Rem 15) 3548 24,635 15
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
Certificate Number- 05208
;.,..hedule RC-E—Deposit Liabilities
Part I. Deposits in Domestic Offices
Dollar Amounts in Thousands
Deposits of:
1. Individuals, partnerships and corporations
(include all certified and official checks)
2. U.S. Government
3. States and political subdivisions in the U.S.
4. Commercial banks and other depository
institutions in the U.S.
5. Banks in foreign countries
6. Foreign governments, and official institutions
(including foreign central banks)
7. Total (sum of items 1 through 6) (sum of
columns A and C must equal Schedule RC,
Item 13.a)
Nontransactio
Transaction Accounts
Accounts
(Column A)
(Column B)
(Column C)
Total
Memo: Total
Total
transaction
I
demand
nontransactic
accounts
deposits
accounts
(including total
(included In
(including
demand deposits)
column A)
MMDAs
CO
Bil Mil co
Btl Mil
CO B8 Mil
8599
3,187,097
esso 17,847,115
2202
9,101
2520 180
22d3
70,511
2s3o 267,451
8551
372,528
8552 0
22t3
0
2236 0
22181
0
2377 0
2215
3,639,237 122101
3,431,766 12385118,114,746
FFIEC 031
RC-9
i. zieiected components of total deposits (i.e.. sum of Rem 7, columns A and C):
'Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts
6a35 518,662
M.1.a
ITotal brokered deposits
z365 0
M.1.b
c. Fully insured brokered deposits (included in Memorandum Rem 1.b above):
(1) Issued in denominations of less than $100,000
2343
(2) Issued either in denominations of $100,000 or in denominations greater than
$100,000 and participated out by the broker in shares of $100.000 or less
2344 0
M.t.c.2
d. Maturity data for brokered deposits:
(1) Brokered deposits issued in denominations of less than $100,000 with a remaining
maturity of one year or less (included in Memorandum item 1.c.(1) above)
rza3 0
M.1.d.1
(2) Brokered deposits issued in denominations of $100,000 or more with a remaining
maturity of one year or less (included in Memorandum Rem 1.b above)
gz44 0
W AI
e. Preferred deposits (uninsured deposits of states and political subdivisions in the U.S.
reported in item 3 above which are secured or collateriized as required under state law;
(to be completed for the December report only)
5590 WA
MA.e
2. Components of total nontransaction accounts (sum of Memorandum items 2.a through 2.c
must equal Rem 7, column C, above):
a. Savings deposits:
(1) Money market deposit accounts (MMOAs)
6sio
5,672,946
M.2.a.1
(2) Other savings deposits (excludes MMDAs)
0352
10,277.763
M.2.a.2
b. Total time deposits of less than $100,000
6648
1,871,563
M.2.b
c. Total time deposits of $100.000 or more —
___
2604
292.474
M.2.c
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RC-10
FDIC Certificate Number - 05208 2p
Schedule RC-E—Continued
Part I. Continued
in Thousands
a. Time deposits of less than $100,000 with a remaining maturity or next repricing date of (1,2)
(1) Three months or less
(2) Over three months through 12 months
(3) Over one year through three years
(4) Over three years
b. Time deposits of less than $100,000 with aREMAINING MATURITY
of one year or less (included in Memorandum Items 3.a.(1) through 3.a.(4) above)(3)
4. Maturity and repricing data for time deposits of $100,000 or more:
a. Time deposits of $100,000 or more with a remaining maturity or next repricing date of (1,4)(1) Three months or less
(2) Over three months through 12 months
(3) Over one year through three years
(4) Over three years
b. Tune deposits of $100,000 or more with a REMAINING MATURITY
of one year or less (included in Memorandum items 4.a.(1) through 4.a.(4) above)(3)
M.3.a
M.3.a
M.3.a
M.3.a
M.3.b
M.4.a
MA.a
MA.a
MA.a
M.4.b
32,082
17,523
64,402
57,556
9,605
j
0,508
17,910
1,559
2,497
8,418
(1) Report fixed rate time deposits by remaining maturity and floating rate time deposits by next repricing date.
(2) Sum of Memorandum items 3.a.(1) through 3.a.(4) must equal Schedule RC-E Memorandum item 2.b.
(3) Report both fixed and floating rate time deposits by remaining maturity. Exclude floating rate time deposits with a next
repricing date of one year or less that have a remaining maturity of over one year.
(4) Sum of Memorandum items 4.a.(1) through 4.a.(4) must equal Schedule RO-E, Memorandum item 2.c.
Part IL Deposits in Foreign Offices (including Edge and
Agreement subsidiaries and IBFs)
Dollar Amounts in
1. Individuals, partnerships, and corporations (Include all certified and official checks
2. U.S. banks (including IBFs and foreign branches of U.S. banks) and other U.S.
depository institutions
3. Foreign banks (including U.S. branches and agencies of foreign banks, including their IBFs)
4. Foreign governments and official Institutions (including foreign central banks)
5. U.S. Government and states and political subdivisions in the U.S.
6. Total (sum of items 1 through 5 ) (must equal Schedule RC, item 13.b)
Memorandum
rime deposits wios a remaining maturity of one year or less
(included in Part II, item 6 above) A24s 5 123 3n5 M.1
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
anlC Certificate Number - 05208
_�hedule RC-F—Other Assets
Dollar Amounts in Thousands
FFIEC 031
RC-11
2. Net deferred tax assets (2)
3. Interest -only strips receivable (not in the form of a security) (3) on:
a. Mortgage loans
2
3.a
b. Other financial assets
4. Equity securities that DO NOT have readily determinable fair values (4)
5. Other (itemize and describe amounts greater than $25,000 that exceed 25% of this item)5
TEXT
a. 2156 Prepaid expenses 21ss5a
Z2168799,399
3.b
4
Schedule RC-G—Other Liabilities
1. a. Interest accrued and unpaid on deposits in domestic offices(5)
1.a
b. Other expenses accrued and unpaid (includes accrued Income taxes
payable)
1.b
2. Net deferred tax liabilities (2)
2
Allowance for credit losses on off -balance sheet credit exposures
3
other (itemize and describe amounts greater than $25,000 that exceed 25% of this item)
TF�CTa.
g
4
loss Accounts a able 3oss
181,8764.a
b.
Cott
Deferred compensation liabilities
Cott
04.b
c.
2932
Dividends dedared but not et pa able
2s3z
04.c
d.
Cot 2
Derivatives with a neaative fair value held for numnsee nther than trnd
n17
na
d
5.
(1) Include accrued interest receivable on loans, leases, debt securities, and other interest -bearing assets.
(2) See discussion of deferred income taxes in Glossary entry on "income taxes."
(3) Report interest -only strips receivable in the forth of a security as available -for sale securities
in Schedule RC, item 2.b, or as trading assets in Schedule RC, item 5, as appropriate.
(4) Include Federal Reserve stock, Federal Home Loan Bank stock, and bankers' bank stock
(5) For savings banks, includes "dividends" accrued and unpaid on deposits.
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number- 05208
Schedule RC-H—Selected Balance Sheet Items for Domestic
Offices
Dollar Amounts in Thousands
2. Bank's liability on acceptances executed and outstanding
3. Federal funds sold and securities purchased under agreements to resell
4. Federal funds purchased and securities sold under agreements to repurchase
5. Other borrowed money
EITHER
6. Net due from own foreign offices, Edge and Agreement subsidiaries, and IBFs
OR
7. Net due to own foreign offices, Edge and Agreement subsidiaries, and IBFs
B. Total assets (excludes net due from foreign offices, Edge and Agreement subsidiaries,
and IBFs)
9. Total liabilities (excludes net due to foreign offices, Edge and Agreement subsidiaries, and
IBFs)
In items 10-17 report the amortized (historical) cost of both held -to -maturity
and available -for -sale securities in domestic offices.
10. U.S. Treasury securities
11. U.S. Government agency obligations (exclude mortgage -backed securities)
12. Securities issued by states and political subdivisions in the U.S.
13. Mortgage -backed securities (MBS):
a. Pass -through securities:
(1) Issued or guaranteed by FNMA, FHLMC, or GNMA
(2) Other pass -through securities
b. Other mortgage -backed securities (include CMOs, REMICs, and stripped MBS):
(1) Issued or guaranteed by FNMA, FHLMC, or GNMA
(2) All other mortgage -backed securities
14. Other domestic debt securities (include domestic asset -backed securities)
15. Foreign debt securities (include foreign asset -backed securities)
16. Investments in mutual funds and other equity securities with readily determinable
fair values
17. Total amortized (historical) cost of both held -to -maturity, and available -far -sale
secutties (sum of items 10 through 16)
18. Equity securities that do not have readily determinable fair values
Schedule RC -I —Selected Assets and Liabilities of IBFs
To be completed only by banks with IBFs and other "foreign" offices.
2. Total IBF liabilities (component of Schedule RC, item 21)
FFIEC 031
RC-12
11 10
0 11
2 12
4 J 13.a.1
0 13.a.2
8 116
7 117
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
"NC Certificate Number - 05208
_-liedule RC-K—Quarterly Averages (1)
FFIEC 031
RC-13
1. Interest -bearing balances due from depository institutions
2. U.S. Treasury securities and U.S. Government agency obligations (2)
(excluding mortgage -backed securities)
3. Mortgage -backed securities (2)
4. All other securities (2, 3)(Includes securities Issued by states and political
subdivisions in the U.S.)
5. Federal funds sold and securities purchased under agreements to resell
6. Loans:
a. Loans in domestic offices:
(1) Total loans
33a1 40,398
1
2
3
4
5
6.a.1
6.a.2
6.a.3
6.a.4
6.a.5.a
6.a.5.b
B556 376,828
B55e 1,013,461
8560 571,199
3365 11,312,806
RCo
3360
26,516,962
(2) Loans secured by real estate
(3) Loans to finance agricultural production and other loans to farmers
(4) Commercial and industrial loans
(5) Loans to individuals for household, family, and other personal expenditures:
(a) Credit cards
(b) Other (Includes single payment, installment, all student loans, and revolving
credit plans other than credit cards)
3385
15,435,758
3386
191,764
3367
4,764,368
85s1 1,125,278
B662 1,447,218
b. Total bans in foreign offices, Edge and Agreement subsidiaries, and IBFs
7. Trading assets
34011
37,005
17
8. Lease financing receivables (net of unearned income)
,367
8
9. Total assets(4)
,314
9
LU191LMES
Interest -bearing transaction accounts in domestic (NOW accounts, ATS accounts,
)1d telephone and preauthorized transfer accounts) (excludedemand deposits)
JRCO
,841
10
Nontransaction accounts in domestic offices:
a. Savings deposits (includes MMDAs)
348
11.ab.
Time deposits of $100,000 or more
933
11.bc.
Trme deposits of less than $100,000
.882
11 c
12. Interest -bearing deposits in foreign offices, Edge and Agreement subsidiaries, and IBFs 3404 5,974,413 12
13. Federal funds purchased and securities sold under agreements to repurchase 3353 5,975,598 13
14. Other borrowed money ) le
(includes mortgage indebtedness and obligations under capitalized leases) 3355 5,801,141 14
(1) For all items, banks have the option of reporting either (1) an average of DAILY figures for the quarter, or (2) an average of
WEEKLY figures (i.e., the Wednesday of each week of the quarter).
(2) Quarterly averages for all debt securities should be based on amortized cost.
(3) Quarterly averages for all equity securities should be based on historical cost.
(4) The quarterly averages for total assets should reflect all debt securities (not held for trading) at amortized cost, equity
securities with readily determinable fair values at the lower of cost or fair value, and equity securifies without readily
determinable fair values at historical cost.
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number- 05208
Schedule RC-L—Derivatives and Off -Balance Sheet Items
Please read carefully the instructions for the preparation of Schedule RC-L. Some of the amounts
reported in Schedule RC-L are regarded as volume indicators and not necessarily as measures of risk.
FFIEC 031
RC-14
[v
Dollar Amounts in Thousands RCF Bil Mil Th
1. Unused commitments:
a. Revolving, open-end lines secured by 1-4 family residential properties, e.g., home
equity lines
38ta 1,029,259
b. Credit card lines
3et5 0
c. Commercial real estate, construction, and land development:
(1) Commitments to fund bans secured by real estate
(2) Commitments to fund loans not secured by real estate
d. Securities underwriting
e. Other unused commitments
2. Financial standby letters of credit and foreign office guarantees
a. Amount of financial standby letters of credit conveyed to others 3e200
3. Performance standby letters of credit and foreign office guarantees
a. Amount of performance standby letters of credit conveyed to others 3822 73
4. Commercial and similar letters of credit
5. To be completed by banks with $100 million or more in total assets:
Participations in acceptances (as described in the instructions) conveyed to others by the
reporting bank
38te 74,678
65so 0
3at7 0
3ata 2,400,541
Sets 54,089
38zt 241,654
;I
3att 51,259
3aze 0
6. Securities lent (including customers' securities lent where the customer is indemnified against
loss by the reporting bank)
7. Notional amount of credit derivatives
a. Credit derivatives on which the reporting bank is the guarantor
b. Credit derivatives on which the reporting bank is the beneficiary
8. Spot foreign exchange contracts
9. All other off -balance sheet liabilities (exclude derivatives) (itemize and describe each
component of this Rem over 25% of Schedule RC, item 28, -rotal equity cepitall
TEXT
a. 3432 Securities borrowed 3432 7,137,990
x33 4,588,409
A534 0
A535 0
8765 45,838
343o 7,137,990
b.
3434
Commitments to purchase when -issued securities
343
0
c.
3555
3555
0
d•
35561
1355EII0
e.
35571
1355710
10. AM
each
a.
other off -balance sheet assets (exclude derivatives)(Remize and describe
component of this item over 25% Schedule RC Rem 28.,'rotal equity capital")
TEXT
3435 Commitments to sell when -issued securities 3435 0
559t 0
b.155921
5592
0
c.155931
5593
0
d.155941
5594
0
e.155961
55951
0
t.a
1.b
1.c.1
1.c.2
1.d
t.e
2
2.a
3.
3.a
4
7.a
7.b
8
9.a
9.b
9.c
9.d
9.e
10
10.a
10.b
Mc
10A
10.e
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
^IC Certificate Number - 05208
schedule RC-L—Continued
- Dollar Amounts in Thousands
(Column A)
Interest
Rate
Contracts
(Column B)
Foreign
Exchange
Contracts
(Column C)
Equity
Derivative
Contracts
(Column D)
Commodity
and Other
Contracts
Derivatives Position Indicators
11. Gross amounts (e.g., notional amounts) (for
each column, sum of Items 11.a through 1
must equal sum of items 12 and 13):
a. Futures Contracts
b. Forward contracts
c. Exchange -traded option Contracts:
(1)Written options
(2) Purchased options
d. Over-the-counter option Contracts:
(1) Written options
(2) Purchased options
e. Swaps
12. Total gross notional amount of
derivative contracts held for trading
13. Total gross notional amount of
derivative contracts held for
purposes other than trading
�. Interest rate swaps where the bank
has agreed to pay a fixed rate
iv. Gross fair values of derivative contracts:
a. Contracts held for trading:
(1) Gross positive fair value
(2) Gross negative fair value
b. Contracts held for purposes other than
trading:
(1) Gross positive fair value
(2) Gross negative fair value
N1 Mil I Thou
RCFD 8693
jTnI I Bil I Mil I Thou
RCFD 8694
Tril all I Mil I Thou
RCFD 8695
Tril I all I Mil I Thou
RCFD 8696
0
0
0
0
RCFD 8697
RCFD 8698
RCFD 8699
RCFD 8700
0
0
0
0
RCFD 8701
RCFD 8702
RCFD 8703
RCFD 8704
0
0
0
0
RCFD 8705
RCFD 8706
RCFD 8707
RCFD 8708
0
0
0
0
RCFD 8709
RCFD 8710
RCFD 8711
RCFD 8712
338,564
0
0
35,538
RCFD 8713
RCFD 8714
RCFD 8715
RCFD 8716
275,722
0
0
35,195
RCFD 3450
RCFD 3828
RCFD 8719
RCFD 8720
885,191
0
0
20,414
RCFD At 26
RCFD A127
RCFD 8723
RCFD 8724
1,499,477
RCFD 8725
0
RCFD 8726
0
RCFD 8727
91.147
RCFD 8728
0
RCFD A589
0
0
0
0
RCFD 8733
RCFD 8734
RCFD 8736
RCFD 8736
13,120
0
0
9,730
RCFD 8737
RCFD 8738
RCFD 8739
RCFD 8740
8,921
0
0
91,11,280
RCFD 8741
RCFD 8742
RCFD 8743
RCFD 8744
0
0
0
0
RCFD 8745 1
RCFD 8748
RCFD 8747
RCFD 8748
0
0
0
0
FFIEC 031
RC-15
25
11.a
11.b
11.c.1
11.c.2
11.d.1
11.d.2
11.e
12
13
Me
14.a.1
14.a.2
14.b.1
14.b.2
Wells Fargo Bank Minnesota, N.A.
Legal Tide of Bank
FFIEC 031
RC•16
FDIC Certificate Number- 05208 2g ,
Schedule RC-M—Memoranda
shareholders, and their related interests as of the report date:
a. Aggregate amount of all extensions of credit to all executive officers, directors, principal
shareholders, and their related interests
616a
795
t.a
b. Number of executive officers, directors, and principal shareholders to whom the amount of
all extensions of credit by the reporting bank (including extensions of credit to
related interests) equals or exceeds the lesser of $500,000 or 5 percent Number
of total capital as defined for this purpose in agency regulations 6165 092.b
1.b
2. Intangible assets other than goodwill:
a. Mortgage Servicing Assets
2.a
(1) Estimated fair value of mortgage servicing assets A590 02.a.1
b. Purchased credit card relationships and nonmortgage servicing assets
c. All other identifiable intangible assets
—
2,850
2.c
d. Total (sum of items 2.a, 2.b, and 2.c) (must equal Schedule RC, Item 10.b)
0426
2,850
2A
3. Other real estate owned:
a. Direct and indirect investments in real estate ventures
5372
0
3.a
b. All other real estate owned:
RCo
(1) Construction, land development, and other land in domestic offices
5508
0
3.b.1
(2) Farmland in domestic offices
5509
274
3.b.2
(3) 1-4 family residential properties in domestic offices
5510
3,551
3.b.3
(4) Multifamily (5 or more) residential properties in domestic offices
5511
0
3.b.4
(5) Nonfarm nonresidential properties in domestic offices
5512
0
3.b.5
(6) In foreign offices
c. Total (sum of Items 3.a and 3.b) (must equal Schedule RC, Rem 7)
4. Investments in unconsolidated subsidiaries and associated companies:
a. Direct and indirect investments in real estate ventures
b. All other investments in unconsolidated subsidiaries and associated companies
c. Total (sum of items 4.a and 4.b) (must equal Schedule RC, item 8)
5. Other borrowed money:
a. Federal Home Loan Bank advances:
(1) With a remaining maturity of one year or less
(2) With a remaining maturity of more than one year through three years
(3) With a remaining maturity of more than three years _
b. Other borrowings:
(1) With a remaining maturity of one year or less
(2) With a remaining maturity of more than one year through three years
(3) With a remaining maturity of more than three years
c. Total (sum of Items 5.a.(1) through 5.b.(3) must equal Schedule RC, item 16)
215b 3,825
3.c
4.a
4.b
4.c
5.a.1
5.a.2
5.a.3
5.b.1
5.b.2
5.b.3
5.c
537< 0
5375 0
2130 0
2651
4,778, 1
8565
200,000
8566
500,000
8571
238,019
B567
75,433
B568
81,033
3190
5,872,485
YES/NO
6. Does the reporting bank sell private label or third party mutual funds and annuities? _ 8569 YES 6
RCF Bill I Mil
7. Assets under the reporting bank's management in proprietary mutual funds and annultil B57o 0 17
Wells Fargo Bank Minnesota, NA
Legal rifle of Bank
FREC 031
RC-17
^'Q Certificate Number- 05208 27
hedule RC-N—Past Due and Nonaccrual Loans, Leases, and Other Assets
Past due I Past due 90 Nonaccrual
30 through 89 days or mor
days and still and still
Amounts in Thousands
a. Construction, land development, and other
land loans in domestic offices
b. Secured by farmland in domestic offices
c. Secured by 1-4 family residential
properties in domestic offices:
(1) Revolving, open-end loans secured by
1-4 family residential properties and
extended under lines of credit
(2) Closed -end loans secured by
1-4 family residential properties
d. Secured by multifamily (5 or more) residential
properties in domestic offices
e. Secured by nonfarm nonresidential properties
properties in domestic offices
f. In foreign offices
2. Loans to depository institutions and acceptances
of other banks:
a. To U.S. banks and other U.S. depository
institutions
ITo foreign banks
o. Loans to finance agricultural production and
other bans to fanners
4. Commercial and industrial loans:
a. To U.S. addressees (domicile)
b. To non-U.S. addressees (domicile)
S. Loans to individuals for household, family, and
other personal expenditures:
a. Credit cards
b. Other (includes single payment, Installment,
all student loans, and revolving
credit plans other than credit cards)
6. Loans to foreign governments and official
institutions
7. All other loans
B. Lease financing receivables:
a. Of U.S. addressees (domicile)
b. Of non-U.S. addressees (domicile)
9. Debt securities and other assets (exclude other
real estate owned and other repossessed assets) _
t.a
t.b
2.a
2.b
3
4.a
4.b
5.a
5.b
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807
October 12, 2001
To the best of our knowledge, there have been no instances of litigation, lawsuits, or investigation
in relation to Wells Fargo's Institutional Trust & Custody, business, owners, employees or its
global custody or securities lending services over the past several years.
D. Reauired Services
1. Legal Segregation of Securities and Accounts
The City requires that all its assets be legally segregated from all other clients for safety.
Describe how this separation will be established and maintained.
As is consistent with all large custodial providers, we will act in the capacity as your custodial
agent in administering these accounts. All Wells Fargo trust and custodial assets are held at the
appropriate depository in specifically segregated accounts in the name of the Trust Department or
its nominee name from the assets of Wells Fargo Bank Minnesota or any other Wells Fargo entity
and are appropriately identified, as required by the Comptroller of Currency on our books so that
each customer is protected. Our accounting and recordkeeping system called SEI provides the
legal segregation of these assets for accounts corporate wide and $450 billion of assets. This will
ensure the safety and soundness of your assets at Wells Fargo.
2. Account Executive
a. To insure smooth implementation and continuation of services, an account executive must
be assigned to the City's account to coordinate the account services and expedite the
solution of any problem. The account executive will work with the City representative as
central coordinators on all matters under the resulting contract. The City expects that all
custodial problems and questions can be addressed through this one account executive.
Provide the name, title and qualifications of the account executive expected to be assigned to
the account. Please state how long the person has been in their current position and the
training or experience they have had.
Your account executive will be Daphne Mettler. Below is a brief biography of Ms. Mettler.
Ms. Mettler joined Wells Fargo IT&C as a Denver based relationship manager in July 2000
responsible for a number of Colorado based accounts including various public entities. Her prior
investment back ground has proved valuable to her assigned client base. Shortly after graduating
from the University of Colorado, Ms. Mettler joined Trinity Investment Management (an affiliate
of Oppenheimer Funds) in Englewood, Colorado as a portfolio assistant specializing in
quantitative investment management for institutional clients and high net worth individuals. Over
the last 13 years, Daphne served as associate portfolio manager, research marketing manager, and
was promoted to senior relationship manager in 1995. Her primary responsibility had been the
management of client relationships for value style and core domestic equity portfolios. Her past
duties have also included developing marketing strategy and meeting with potential prospects in
Texas, New Mexico, Utah, Nevada, and Arizona. At Trinity Daphne has specialized in fostering
relationships with Corporations, Foundations and Public Funds. Daphne holds a BS in Business
Administration with an emphasis in Information Systems and Marketing.
Institutional Trust & Custody Page 30
Wells Fargo Bank Minnesota, N.A. FFIEC 031
Legal Title of Bank RC-18
FDIC Certificate Number- 05208 28
Schedule RC-N—Continued
Amounts reported in Schedule RC-N, items 1 through 8, above include guaranteed and unguaranteed portions of
past due end nonaccrual bans and leases. Report in item 10 below certain guaranteed loans and leases that
have already been included in the amounts reported in items 1 through 8.
Past due I Past due 90 Nonaccrual
30 through 89 days or mor
days and stilj and still
through 8 above which are wholly or partially
guaranteed by the U.S. Government 5612 7,933 5613 9,974 156141 12;10.a
10
a. Guaranteed portion of bans and leases
included in item 10 above se15 7,813 sets 9,950 salr
Past due I Past due 9e Nonaccrual
30 through 89 days or mo
days and still + and still
Memoranda ,m an I
Schedule RC-N. items 1 through 8, above
(and not reported in Schedule RC-C, Part I,
Memorandum Item 1)
15se 0
15sa 0 lssi 0 M.1
2. Loans to finance commercial real estate,
construction, and land development activities
(not seared by real estate) included in
ill
Schedule RC-N, Items 4 and 7, above
6558 0
16559 0 6560 0 M.2
3. Loans seared by real estate to non-U.S.
addresses (domicile) (included in
Schedule RC-N, item 1, above)
1248 0
12ne 0 1250 0 M.3
4. Not applicable
(Column A)
(Column B)
Past due
Past due 90
30 through
days or more
5. Interest rate, foreign exchange rate, and other
89 days
commodity and equity contracts:
RCF Bil I Mil I
RCFjBiI I RM
Fair value of amounts carried as assets
35290
35301 0 M.5
Karen B. Martin Manager - Regulatory Reporting
Name and Title (TEXT 8901)
_ karen.b.martin@wellsfargo.00m
E-mail Address (TEXT 4086)
(612) 667-3975 (612) 667-3659
Telephone: Area code/phone number/extension (TEXT 89( FAX: Area oode/phone number (TEXT 9116)
Wells Fargo Bank Minnesota, NA
Legal Title of Bank
FFIEC 031
RC-19
Certificate Number- 05208 29
i
�dhedule RC-0—Other Data for Deposit Insurance and FICO Assessments
a. Actual amount of all unposted debits ---Joo3oT
0
1.a
OR
b. Separate amount of unposted debits:
(1) Actual amount of unposted debits to demand deposits
0031
1.b
(2) Actual amount of unposted debits to time and savings deposits (1)
1.b
coaz
2. Unposted credits (see insWctions):
;NWIA
3510
a. Actual amount of all unposted credits
2.a
OR
b. Separate amount of unposted credits:
(1) Actual amount of unposted credits to demand deposits
3512
2.b
(2) Actual amount of unposted credits to time and savings deposits (1)
2.b
351a WA
3. Uninvested trust funds (cash) held in banks own bust department (not Included in total
35zo 0
deposits in domestic offices)
3
4. Deposits of consolidated subsidiaries in domestic offices and in insured branches in Puerto
Rico and U.S. territories and possessions ( not included in total deposits)
zz11 41,422
a. Demand deposits of consolidated subsidiaries
4.a
b. Time and savings deposits (1) of consolidated subsidiaries
4.b
2351 0
c. Interest accrued and unpaid on deposits of consolidated subsidiaries
4.c
5514 0
5. Deposits in insured branches in Puerto Rico and U.S. territories and possessions:
222s 0
a. Demand deposits in insured branches (ncluded in Schedule RC-E, Part II)
5.a
b. Time and saving deposits (1) in insured branches (included in Schedule RGE, Part 11)
5.b
23e3 0
c. Interest accrued and unpaid on deposits in insured branches
(included in Schedule RC-G, item 1.b)
5515 0
5.c
6. Reserve balances actually passed through to the Federal Reserve by the reporting bank on
Ihalf of its respondent depository institutions that are also reflected as deposit liabilities
. the reporting bank:
a. Amount reflected in demand deposits (included in Schedule RGE, Part I,
Item 7 column B)
2314 0
6.a
b. Amount reflected in time and savings deposits (1) (included In Schedule RC-E, Part 1,
Item 7, column A or C, but not column B)
2315 0
6.b
7. Unamortized premiums and discounts on time and savings deposits: (1,2)
a. Unamortized premiums
551s
0
7.a
b. Unamortized discounts
7.b
ssn 0
8. To be completed by banks with " Oakar deposits
a. Deposits purchased or acquired from other FDIC -insured institutions during the quarter
(exclude deposits purchased or acquired from foreign offices other than insured
branches In Puerto Rico and U.S. territories and possessions):
(1) Total deposits purchased or acquired from other
FDIC -insured institutions during the quarter
(2) Amount of purchased or acquired deposits reported in Item 8.a.(1) above
As31 0
8.a,
attributable to a secondary fund (i.e., BIF members report deposits
n532 0
attributable to SAIF: SAIF members report deposits attributable to BIF)
8.a,
b. Total deposits sold or transferred to other FDIC -insured institutions during the quarter
(exclude sales or transfers by the reporting bank of deposits in foreign offices other
A533 0
than insured branches in Puerto Rico and U.S. territories and possessions)
8.b
(1) For FDIC and FICO insurance assessment purposes,'Ume and savings deposits" consists
of nontransaction accounts and all transaction accounts other than demand deposits.
(2) Exclude core deposit intangibles.
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number - 05208
Schedule RC-0—Continued
FFIEC 031
RC-20
Dollar Amounts in Thousands
CO Bil LMil jThaA
9. Deposits in lifeline accounts
5596 9
10. BenefiFresponsive "Depository Institution Investment Contracts" (included in total
deposits in domestic offices)
ea32 0 10
11. Adjustments to demand deposits in domestic offices and in insured branches
in Puerto Rico and U.S. territories and possessions reported in Schedule RC-E
for certain reciprocal demand balances:
a. Amount by which demand deposits would be reduced if the reporting bank's
reciprocal demand balances with the domestic offices of U.S. banks and
savings associations and insured branches in Puerto Rico and U.S. territories
and possessions that were reported on a gross basis in Schedule RC-E
had been reported on a net basis
e785 0 1 t.a
b. Amount by which demand deposits would be increased if the reporting bank's
reciprocal demand balances with foreign banks and foreign offices of other
U.S. banks (other than insured branches in Puerto Rim and U.S.
territories and possessions) that were reported on a net basis in
Schedule RC-E had been reported on a gross basis
A1a1 0 1l b
c. Amount by which demand deposits would be reduced if cash items in process
of collection were included in the calculation of the reporting bank's net
reciprocal demand balances with the domestic offices of U.S. banks and
savings associations and insured branches in Puerto Rim and U.S.
territories and possessions in Schedule RC-E
A182 0 11.c
12. Amount of assets netted against deposit liabilities in domestic offices and in insured
branches in Puerto Rim and U.S. territories and possessions on the balance sheet
(Schedule RC) in accordance with generally accepted accounting principles (exclude
amounts related to reciprocal demand balances):
a. Amount of assets netted against demand deposits
A527 0 12.a
b. Amount of assets netted against time and savings deposits
A528 0 12.b
Memoranda (to be completed each quarter except as noted)
t.b.(1) must equal Schedule RC, Rem 13.a):
a. Deposit accounts of $100,000 or less:
(1) Amount of deposit accounts of $100,0000 or less 511,523
M.1.a 1
(2) Number of deposit accounts of $100,000 or less
(to be completed for the June report only)
MA.a 2
b. Deposit accounts of more than $100,000: _ 1 1(1)
nNumbaer
Amount of deposit amounts of more than $100.000 ,242,460
M.1.b 1
(2) Number of deposit accounts of more than $100,000
M.1.b 2
2. Estimated amount of uninsured deposits in domestic offices of the bank:
a. An estimate of your bank's uninsured deposits can be determined by multiplying the
number of deposit accounts of more than $100,000 reported in Memorandum item t.b.(2)
above by $100,000 and subtracting the result from the amount of deposit accounts of
more than $100,000 reported in Memorandum item 1.b.(1) above.
Indicate in the appropriate box at right whether your bank has a method or
procedure for determining a better estimate of uninsured deposits than the
Rco
YES I NO
estimate described above
seal
N-
M.2.a
b. If the box marked YES has been checked, report the estimate of uninsured deposits
Bit Mil
determined by using your bank's method or procedure
5597
0
M.2.1b
3. Has the reporting institution been consolidated with a parent bank
or savings association in that parent bank's or parent savings association's
Call Report or Thrift Financial Report ?
R so, report the legal tide and FDIC Certificate Number of the
parent bank or parent savings association:
Text
Rco DIC Cart No.
A 5
JAS451 WA M.3
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
MC Certificate Number -05208
hedule RC-R-Regulatory Capital
Dollar Amounts in
FREC 031
RC-21
1. Total equity capital (from Schedule RC, Rem 28)
2. LESS: Net unrealized gains (losses) on available -for -sale securities (1)
(if a gain, report as a positive value; if a loss, report as a negative value)
3. LESS: Net unrealized loss on available -for -sale EQUITY securities (1) (report loss as a positive val
4. LESS: Accumulated net gains (losses) on cash flow hedges (1)
('d a gain, report as a positive value; if a loss, report as a negative value)
5. LESS: Nonqualifying perpetual preferred stock
6. Qualifying minority interests in consolidated subsidiaries
7. LESS: Disallowed goodwill and other disallowed intangible assets
8. LESS: Disallowed servicing assets and purchased credit card relationships
9. LESS: Disallowed deferred tax assets
10. Other additions to (deductions from) Tier 1 capital
11. Tier 1 capital (sum of items 1, 6, and 10, less items 2, 3, 4, 5, 7, 8, and 9)
3210 3,249,581
1
2
3
4
5
6
7
8
9
10
11
8434 36,069
A221 2,249
4336
0
Bass
0
B589
0
8590
145,086
B591
0
5610
0
B592
0
8274
3,066,177
Tier 2 Capital
12. Qualifying subordinated debt and redeemable preferred stock
5306
0
12
13. Cumulative perpetual preferred stock Includible in Tier 2 capital
e593
0
13
14. Allowance for loan and lease losses Includible in Tier 2 capital
5310
277,506
14
15. Unrealized gains on available -for -sale equity securities includible in Tier 2 capital
2221
0
15
16. Other Tier 2 capital components
B594
0
16
17. Tier 2 capital (sum of items 12 through 16)
5311
277,506
17
18. Allowable Tier 2 capital (lesser of item 11 or 17)
8275
277,506
18
19. Tier 3 capital allocated for market dsk it o 19
' ESS: Deductions for total risk -based capital B59s 20
htal risk -based capital (sum of items 11, 18, and 19, less item 20) 3792 3343.683 21
Total assets for leverage ratio
22. Average total assets (from Schedule RC-K, Rem 9) 33se 44,WAR ,AlA 22
23. LESS: Disallowed goodwill and other disallowed intangible assets (from item 7 above) B590 145,086 23
24. LESS: Disallowed servicing assets and purchased credit card relationships (from item 8 above) B591 0 24
25. LESS: Disallowed deferred tax assets (from Rem 9 above) 5610 0 25
26. LESS: Other deductions from assets for leverage capital purposes B596 0 26
27. Average total assets for leverage capital purposes (item 22 less items 23 through 26) A224 44,493,228 27
Adjustments for financial subsidiaries
28. Adjustment to total dsk-based capital reported in Rem 21 esoT___0_J 28
29. Adjustment to risk -weighted assets reported in item 62 B504n 129
30. Adjustment to average total assets reported in Rem 27 e50s �30
Capital Ratios
(Column B is to be completed by all banks. Column A is to be
completed by banks with financial subsidiaries)
31. Tier 1 leverage ratio (2)
32. Ter 1 risk -based capital ratio (3)
33. Total dsk-based capital ratio (4) .
31
32
33
(1) Report amount included in Schedule RC, Rem 26.15, "Accumulated other comprehensive income."
(2) The ratio for column B is item 11 divided by item 27. The ratio for column A is Rem 11 minus one half of Rem 28 divided by (item 2;
(3) The ratio for column B is item 11 divided by item 62. The ratio for column A is Rem 11 minus one half of Rem 28 divided by (item 6:
(4) The ratio for column B is item 21 divided by item 62. The ratio for column A is item 21 minus item 28 divided by (item 62 minus Ren
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FFIEC 031
RC-22
FDIC Certificate Number- 05208
Schedule RC-R—Continued
Banks are not required to risk -weight each on -balance sheet asset and the credit equivalent amount of each off -balance sheet item that qualifies for a
risk weight of less than 100 percent (50 percent for derivatives) at Its lower risk rate. When completing items 34 through 54 of Schedule RC-R, each bank should
decide for itself how detailed a risk -weight analysis it wishes to perform. In other words, a bank can choose from among Its assets and off -balance sheet items
that have a risk weight of less than 100 percent which ones to risk -weight at an appropriate lower risk, or It can simply risk -weight some or all of these items
at a 100 percent risk weight (50 percent for derivatives).
Balance Sheet Asset Categories
Dollar Amounts in Thousands
34. Cash and balances due from depository institutions (Column A
equals the sum of Schedule RC, items t.a and 1.b)
35. Held -to -maturity securities
36. Available -for -sale securities
37. Federal funds sold and securities purchased under
agreements to resell
38. Loans and leases held for sale
39. Loans and leases, net of unearned income (1)
40. LESS: Allowance for loan and lease losses
41. Trading assets
42. All other assets (2) _
43. Total assets (sum of items 34 through 42)_
(Column A)
Totals
(from
Schedule RC)
(Column B)
Items Not
Subject to
Risk -Wei hting
(Column C) (Column D
Column E)
I (Column
Allocation by Risk
Weight Category
0%
20%
50%
100%
Bil Mi Thou
B9 MR Thou
Bit I Mil I Thou
Bil I Mil I Thou
Bit I Mil I Thou
Bit I Mil I Thou
RCFD 0010
RCFD B600
RCFD 8601
RCFD B602
1,551,755
210.173
1,341.582
0
RCFD 1754
RCFD B603
RCFD B604
RCFD B605
RCFD B606
RCFD 8607
0
0
0
0
0
0
RCFD 1773
RCFD B608
RCFD B609
RCFD B610
RCFD B611
RCFD B612
2,060,059
58,342
686,819
810.423
91,064
413.411
RCFD 1350
3,186,756
06
RCFD 86134RCFDB629
RCFD 616
0
RCFD 5369
RCFD B617
RCFD B618
RCFD B620
RCFD B621
12,405,215
0
00
12,035,215
0
RCFD 8528
RCFD B622
RCFD B623
RCFD B625
RCFD B626
18,568,274
0
08
1,424,988
14.260,868
RCFD 3123
2T7,506
RCFD 3545
RCFD 3123
277,506
RCFD 6627
RCFD B6289
RCFD 8630
RCFD 6631
31,782
28,286
0
3.496
0
0
RCFD B639
RCFD B640
RCFD B641
RCFD B642
RCFD B643
RCFD 5339
1,626,835
145.086
52,314
273,900
0
1,155,535
RCFD 2170
RCFD 8644
RCFD 5320
RCFD 5327
RCFD 5334
RCFD 5340
39,153,170
45,792
949,306
1 8,868,575
1 13,551,267
15,829,814
(1) Include any allocated transfer risk reserve in column B.
(2) Includes premises and fixed assets, other real estate owned, investments in unconsolidated subsidiaries and associated companies,
customers' liability on acceptances outstanding, intangible assets, and other assets.
34
35
36
37
38
39
40
41
42
43
Wells Fargo i Minnesota, N.A. FFIEC031
Legal Title of Bar,., - RC-23
FDIC Certificate Number - 05208
Schedule RC-R—Continued
Dollar Amounts in Thousands
Derivatives and Off -Balance Sheet Items
44. Financial standby letters of credit
45. performance standby letters of
of credit
46. Commercial and similar letters
of credit
47. Risk participations in bankers
acceptances acquired by the
reporting institution
48. Securities lent
49. Retained recourse on small business
obligations sold with recourse
50. Retained recourse on financial assets
sold with low-level recourse
51. All other financial assets sold with
recourse
52. All other off -balance sheet
liabilities
53. Unused commitments with an original
maturity exceeding one year__
54. Derivative contracts
Or Institution -specific factor.
(1) Column A multiplied by credit conversion factor.
33
(Column A)
Face Value
or Notional
Amount
Credit
Conversion
Factor
(Column B)
Credit
Equivalent
Amount 1
Column C Column D
Cokam E
Column
Allocation by Rlsk
Weight Category
0%
20%
50%
100%
Bil Mil Thou
Bil I MMa I 111ou
Bil I Mil I Thou
Bil I Mil I Thou
Bit I la I Thou
Bil I Ma I Thou
RCFD 3819
RCFD 8645
1.00 54,089
RCFD 8646
RCFD B647
RCFD B648
RCFD B649
54,089
0
0
0
54,089
RCFD 3821
RCFD B650
.50 120,827
RCFD B651
RCFD B652
RCFD B653
RCFD B654
241,654
0
0
0
120,827
RCFD 3411
RCFD 8655
RCFD B656
0
RCFD B661
0
RCFD B657
0j
RCFD B662
0
RCFD B658
0
RCFD B659
10.252
BMW
RCFD 8663
51,259
RCFD 3429
0
.20 10,252
RCFD 0660
1.00 0
0
RCFD 3433
RCFD B664
RCFD B665
RCFD B666
RCFD B667
RCFD B668
4,588,409
1.00 4,588,409
0
4,588,409
0
0
RCFD A250
RCFD 8669
RCFD B670
RCFD 8671
RCFD B672
RCFD 8673
0
1.00 0
0
0
0
0
RCFD 1727
0
RCFD B675
RCFD 2243
12.5 0
RCFD B676
1.00 0
RCFD 8677
RCFD B678
RCFD B679
RCFD 8674
0
RCFD B680
0
0
0
0
0
RCFD B681
RCFD 8682
1.00 1 0
RCFD B683
RCFD B684
RCFD B685
RCFD 8686
0
0
0
0
0
RCFD 3833
RCFD B687
.50 542,667
RCFD 8688
RCFD B689
RCFD B690
RCFD B691
1,085,334
0
0
614.630
28,038
RCFD A167
RCFD B693
RCFD B894
RCFD 6695
36,014
0
9,676
26.338
44
45
46
47
48
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FFIEC 031
RC-24
FDIC Certificate Number- 05208
Schedule RC-R—Continued
55. Total assets, derivatives, and off -balance sheet items by risk weight category
(for each column, sum of items 43 through 54)
56. Risk weight factor
57. Risk -weighted assets by risk weight category (for each column,
item 55 multiplied by item 56)
58. Market risk equivalent assets
59. Risk -weighted assets before deductions for excess allowance for loan and lease losses
and allocated transfer risk reserve (sum of item 57, columns C through F, and item 58) _
60. LESS: Excess allowance for loan and lease losses
61. LESS: Allocated transfer risk reserve
62. Total risk -weighted assets (item 59 minus Items 60 and 61)
34
50% I t00%
8696 1 RCFD 8697 1 RCFD B698
RCFD 8700 1 RCFD B701
Memoranda
Dollar Amounts in Thousands RCFD EM MO Thou
1. Current credit exposure across all derivative contracts covered by the risk -based capital standards _ i 8764 1 22,850
2. Notional principal amour
contracts: (1)
a. Interest rate contracts
b. Foreign exchange cor
c. Gold contracts
d. Other precious metals
e. Other commodity cont
f. Equity derivative contra
is of derivative
With a remaining m
rity of
(Column A)
One year
or less
(Column B)
Over one year
through
five years
(Column C)
Over
five years
RCFD
At I Bit I Mil I Tho
RCFD
Al I Bit I Mil I Tho
RCFD
ril I Bit Mil Tha
3809
257,322
8766
628.811
8767
274,780
tracts
3812
0
8769
0
8770
0
8771
0
8772
0
8773
0
Contracts
'acts
8774
0
8775
0
8776
0
8777
38.752
8778
16,857
8779
0
Icts
A000
0
A001
0
A002
0
(1) Exclude foreign exchange contracts with an original maturity of 14 days or less and all futures contracts.
RCFD A222
0 60
RCFD 3128
0 61
RCFD A223
25.782.470 62
M.1
M.2.a
M.2.b
M.2.c
M.2.d
M.2.e
M.2.f
Wells Fargo P Ainnesota, N.A.
Legal Title of Bar„
FDIC Certificate Number - 05208
Schedule RC-S—Securitization and Asset Sale Activities
All of Schedule RC-S is to be completed beginning June 30, 2001.
Bank Securitiz
1. Outstanding
securitized b
retained or
credit enhan
2. Maximum am
arising from r
seller -provide
provided to st
item 1 in the f
a. Retained in
(included in
RC-F or in
b. Standby Is
ordinated s
enhancem
3. Reporting ban
to provide liq
reported in its
4. Past due ban
a. 30-89 days
b. 90 days or
5. Charge -offs a
and securitize
recourse or of
enhancement
a. Charge-offs
b. Recoveries
FFIEC 031
RC-25
35
With
cements
tters
ants
Uidity
(Column A)
(Column B)
(Column C)
(Column D)
(Colu rvl E)
(Column F)
(Column G)
1-4 FamilyHole
Credit
Auto
Other
Commercial
All Other
Residential
FAuily
Card
Loans
Consumer
and Industrial
Loans and
Loans
Loans
Receivables
Loans
Loans
All Leases
Dollar Amounts in Thousands
Bil Mil Thou
BII Mn thou
BitMil Thou
Bil MY Thou
Bill Mil Thou
BN MJ Thou
Bil Mil Thou
ation Activities
principal balance of assets sold and
y the reporting bank with servicing
recourse or other seller -provided
RCFD B705
RCFD 8706
RCFD B707
RCFD 8708
RCFD 8709
RCFD B7f0
RCFD 6711
0
0
0
0
0
0
0
ount of credit exposure
ecourse or other
d credit enhancements
mcturs reported in
orm of.
terest-only strips
Schedules RC-B or
RCFD B712
RCFD 8713
RCFD 8714
RCFD 8715
RCFD B716
RCFD B717
RCFD B718
Schedule RC, item 5)
0
0
0
0
0
0
0
of credit, sub-
G
-
ecurlties, and other
RCFD B719
RCFD B720
RCFD B721
RCFD B722
RCFD B723
RCFD 8724
RCFD B725
0
0
0
0
0
0
0
k's unused commitments
to Structures
RCFD B726
RCFD 8727
RCFD 8728
RCFD B729
RCFD B730
RCFD B731
RCFD B732
m 1
0
0
0
0
0
0
0
amounts included in item 1:
RCFD B733
RCFD B734
RCFD B735
RCFD 8736
RCFD H737
RCFD B738
RCFD B739
past due
0
0
0
0
0
0
0
RCFD 8740
RCFD B741
RCFD B742
RCFD B743
RCFD 8744
RCFD 8745
RCFD B746
more past due
0
0
0
0
0
0
0
nd recoveries on assets sold
d with servicing retained or with
her seller -provided credit
S (calendar year-to-date):
RIAD B747
RIAD B748
RIAD 8749
RIAD B750
RIAD B751
RIAD B752
RIAD B753
0
0
0
0
0
0
0
RIAD B754
RIAD 8755
RIAD 8756
RIAD 8757
RIAD 8758
RIAD B759
RIAD B760
0
0
0
0
0
0
0
2.a
2.b
3
4.a
4.b
5.a
5.b
Wells Fargo Bank Minnesota, N.A.
Legal Title of Bank
FDIC Certificate Number - 05208
Schedule RC-S—Continued
14 Family
Hare
Credit
Auto
Residential
Equity
Card
Loans
Loans
Loans
Receivables
Dollar Amounts in Thousands
B9 Mil Thou Bit MR Thou
BB I Mil I Thou
Bit Mil T
6. Amount of ownership (or seller's)
interest carried as:
RCFD B761
RCFD 8762
a. Securities (induded in RC-B or RC, Item 5)
I 0
y RCFD 8500
RCFD 8501
b. Loans (included in Schedule RC-C)
0
0
7. Past due ban amounts induded In
interests reported In Item 6.a:
RCFD B764
RCFD B765
a. 30-89 days past due
0
0
RCFD B767
RCFD 8768
b. 90 days or more past due
0
0
8. Charge -offs and recoveries on loan
amounts induded in interests reported
in item 6.a (calendar year-to-date):
RIAD B770
RIAD B771
a. Charge -oft _
0
0
RIAD B773 RIAD B774
b. Recoveries _
0 0
For Securitization Facilities Sponsored
By or Otherwise Established By Other
Institutions
9. Maximum amount of credit exposure
arising from Credit enhancements
provided by the reporting bank to other
institutions' securitization structures in
the form of standby letters of credit,
purchased subordinated securities,
RCFD B776 RCFD B777 RCFD B778 RCFD 1371
and other enhancements
0
0
0
10. Reporting bank's unused commitments
to provide liquidity t0 other institutions'
RCFD B783
RCFD B784
RCFD 8785
RCFD B71
sealritization structures
0
0
0
FFIEC 031
RC-26
36
Other Commercial All Other
Consumer and Industrial Loans and
Loans I Loans I All Leases
RCFD B763
0
RCFD B502
0
RCFD B766
0
RCFD B769
B780 I RCFD B781
RCFD B787 I RCFD
6.b
.a
.b
9
10
Wells Fargo P Minnesota, N.A. FFIEC 031
Legal Title of Ba, RC-27
FDIC Certificate Number - 05208
Schedule RC-S—Continued
Dollar Amot
Bank Asset Sales
11. Assets sold with recourse or oth
provided credit enhancements at
securitized by the reporting bank
12. Maximum amount of credit expos
arising from recourse or other se
provided credit enhancements pt
vided to assets reported in item 1
(Column A)
(Column B)
(Column C)
(Column D)
(Column E)
(Column F)
(Column G)
1-4 Family
Flame
Credit
Auto
Other
Commercial
All Other
Residential
Equity
Card
Loans
Consumer
and Industrial
Loans and
Loans
Loans
Receivables
Loans
Loans
All Leases
ants in Thousands
Bit I Mil I Thou
Bit I Mil I Thou
EM I Mil I Thou
Bfi I KV I Thou
Bit I Mil I Thou
B8 I Mil I That
Bit I Mtl I Thou
er seller -
id not
RCFD B790
RCFD B791
RCFD B792
RCFD B793
RCFD B794
RCFD B795
RCFD B796
0
0
0
0
0
0
0
ure
Iler-
0-
RCFD B797
RCFD B798
RCFD B799
RCFD B800
RCFD B801
I RCFD B802
RCFD B803
1
0
0
0
0
0
0
0
Memorandum Items 1, 2, and 3 are to be completed beginning June 30, 2001.
Memoranda
1. Small Business obligations t
Community Development as
a. Outstanding principal bait
b. Amount of retained recou
2. Outstanding principal balan
a. 14 family residential mot
b. 14 family residential mot
c. Other financial assets (1)
3. Asset -backed commercial p.
a. Maximum amount of cred
credit, subordinated secui
(1) Conduits sponsored bl
(2) Conduits sponsored bt
b. Unused commitments to F
(1) Conduits sponsored bl
(2) Conduits sponsored bt
Dollar Amounts in Thousands
RCFD
Bit Mil I Thou
ransferred with recourse under Section 208 of the Riegle
t Regulatory Improvement Act of 1994:
ince
A249
0
rse on these obligations as of the report date
:e of assets serviced for others:
tgages serviced with recourse or other servicer-provided credit enhancements _
tgages serviced with no recourse or other servicer-provided credit enhancements
A250
0
B804
0
B805
326
A591
123,223
iper conduits:
t exposure arising from credit enhancements provided to conduit structures In the form of standby le
ities, and other enhancements:
the bank, a bank affiliate, or the bank's holding company
other unrelated institutions -
rovide liquidity to conduit structures:
the bank, a bank affiliate, or the banks holding company
other unrelated institutions
BM
8807
I
Bane
Ba09
(1) Memorandum item 2.c is to be completed beginning June 30, 2001, if the principal balance of other financial assets serviced for others is more than $10 million.
11
12
M.1.a
M. t.b
M.2.a
M.2.b
M2.c
M.3.a.1
M.3.a.2
M.3.b.1
M.3.b.2
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 OGober 12, 2001
b. How many accounts are assigned to the executive? Typically how many accounts are
assigned to each account representative?
Your Relationship Manager currently services 14 primary relationships.
In order to ensure our clients receive the most proactive, consultative service, we limit the
number of primary relationships to 15 per Relationship Manager. Account Administrators have
similar loads.
C. Is account administration handled as a team or individual effort?
As mentioned earlier, we employ a "service team approach" in servicing our clients. A
Relationship Manager coordinates all of the service activity, and serves as the focal point and
leader of the service team. Your assigned Investment Manager Specialist will provide a critical
role providing an additional focal point for your investment managers as well.
d. Trained and competent backup for the account executive, familiar with the account, should
also be assigned. Provide the name, title and qualifications of the back-up personnel
expected to be assigned to the account.
Back-up Service Team members are assigned for all functional duties involved in servicing client
relationships. To effectively service our customers' needs, customer information is centrally
maintained and distributed to Service Team members electronically through our Client Profile
System (CPS). This web -based tool synchronizes Service Team activities, tracks customer
inquiries regardless of their origin, as well as maintains detailed information about specific needs
and procedures. CPS allows all Service Team members to be fully informed about the status of
client accounts on an ongoing basis.
The back-up Relationship Manager is Betsey Seifert and her brief biography follows.
Betsy Seifert, Assistant Vice President. Back-up Relationship Manarer-
Betsy joined Wells Fargo in February 2001 bringing over 30 years of financial services experience in trust
and custody administration. Her background includes custody management and coordination of the
administrative and operational needs of off -sight corporate trust offices. One of her primary strengths is an
extensive knowledge of the securities industry and related transactions.
Institutional Trust & Custody Page 31
Optional Narrative Statement Concerning the Amounts FFIEC 031
Reported in the Reports of Condition and Income RC-31
at close of business on June 30, 2001
41
_Wells Farao Bank Minnesota N.A. Minneapolis MN
Legal Title of Bank City State
The management of the reporting bank may, if it wishes, submit a
brief narrative statement on the amounts reported in the Reports
of Condition and Income. This optional statement will be made
available to the public, along with the publicly available data in the
Reports of Condition and Income, in response to any request for
individual bank report data. However, the information reported in
Schedule RC-T, items 12 through 23 and Memorandum item 4,
is regarded as confidential and will not be released to the public.
BANKS CHOOSING TO SUBMIT THE NARRATIVE STATEMENT
SHOULD ENSURE THAT THE STATEMENT DOES NOT CONTAIN
THE NAMES OR OTHER IDENTIFICATIONS OF INDIVIDUAL
BANK CUSTOMERS, REFERENCES TO THE AMOUNTS
REPORTED IN THE CONFIDENTIAL ITEMS IN SCHEDULE RC-N,
OR ANY OTHER INFORMATION THAT THEY ARE NOT WILLING
TO HAVE MADE PUBLIC OR THAT WOULD COMPROMISE THE
PRIVACY OF THEIR CUSTOMERS. Banks choosing not to make
a statement may check the "No comment box below and should
make no entries of any kind in the space provided for the narrative
statement; Le., DO NOT enter n this space such phrases as "No
statement," "Not applicable," "WA; "No comment," and "None."
The optional statement must be entered on this sheet. The state-
ment should not exceed 100 words. Further, regardless of the
number of words, the statement must not exceed 750 characters,
including punctuation, indentation, and standard spacing between
words and sentences. If any submission should exceed 750 char-
acters, as defined, it will be truncated at 750 characters with no
notice to the submitting bank and the truncated statement will
appear as the bank's statement both on agency computedzac
records and in computer -file releases to the public.
All information furnished by the bank in the narrative statemer
must be accurate and not misleading. Appropriate efforts sha
taken by the submitting bank to ensure the statement's accur,
The statement must be signed, in the space provided below, I
senior officer of the bank who thereby attests to its acuracy.
If, subsequent to the original submission, material changes an
submitted for the data reported in the Reports of Condition an,
Incom, the existing narrative statement will be deleted from th.
files, and from disclosure; the bank, at its option, may replace
a statement, under signature, appropriate to the amended dat
The optional narrative statement will appear in agency record
and in release to the public exactly as submitted (or amended
as described in the preceding paragraph) by the managemem
the bank (except for the trucnation of the statements exceed!
750-character limit described above.) THE STATEMENT WILL I
BE EDITED OR SCREENED IN ANY WAY BY THE SUPERVI-
SORY AGENGES FOR ACCURACY OR RELEVANCE. DISCLO
SURE OF THE. STATEMENT SHALL NOT SIGNIFY THAT ANY
FEDERAL SUPERVISORY AGENCY HAS VERIFIED OR CON-
FIRMED THE ACCURACY OF THE INFORMATION CONTAINED
THEREIN. A STATEMENT TO THIS EFFECT WILL APPEAR ON
ANY PUBLIC RELEASE OF THE OPTIONAL STATEMENT SUB.
MUTED BY THE MANAGEMENT OF THE REPORTING BANK
X = NO COMMENT Y = COMMENT
BANK MANAGEMENT STATEMENT (please type or print dearly):
_TEXT ( 70 characters per line )
Signature of Executive Officer of Bank Date of Signature
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
NAME AND ADDRESS OF BANK
Wells Fargo Bank Minnesota, N.A.
Sixth Street and Marquette Avenue
Minneapolis, MN 55479
OMB No. For OCC: 1557-0081
OMB No. For FDIC: 3064-0052
OMB No. For Federal Reserve: 7100.0036
Expiration Date: 3/31/2004
SPECIAL REPORT
The following Information is required by Pudic Laws 90-44 and 102-242, but does not constitute a pan of the Report of Condition.
With each Report of Condition, these Laws require all banks to furnish a report of all loans or other extensions of credit to their
excutive officers made since the date of the previous Report of Condition. Data regarding infrvldual loans or other extensions of
credit are not required. If no such loans or other extensions of credit were made during the period, Insed'none' against subitem (a).
(Excluded the first $15,000 of indebtedness of each executive oMcer under bank credit card plan.)
See Sections 215.2 and 215.3 of Title 12 of the Code of Federal Regulations (Federal Reserve Board Regulation O) for
the devinitions of 'exedutiw officer" and "extension of creda,' respectively. Exclude bans and other extensions
of credit to directors and principal shareholders who are not executive offlcere.
a. Number of bans made to executive officers since the previous Call Report
b. Total dollar amount of above bans (in thousands of dollars)
C. Range of interest charged on above bane
(example: 9-3/4% = 9.75)
7 _
SIGNATURE AND TITLE OF OFFICER AUTHORIZED TO SIGN REPORT DATE (Month, Day, Year)
FDIC 8040/53 (3-01)
No Text
p
Comptroller of the Currency
Administrator of National Banks
Midwestern District
2345 Grand Avenue, Suite 700
Kansas City, Missouri 64108
W@1:1114AP3C;184�
COMMUNITY REINVESTMENT ACT
PERFORMANCE EVALUATION
October 17, 1996
Norwest Bank Minnesota, National Association
Charter Number 2006
Sixth and Marquette
Minneapolis, Minnesota 55479
NOTE: This evaluation is not, nor should it be construed
as, an assessment of the financial condition of
this institution. The rating assigned to this
institution does not represent an analysis,
conclusions, or opinion of the federal financial
supervisory agency concerning the safety and
soundness of this financial institution.
This document is an evaluation of the Community Reinvestment Act (CRA) performance of
Norwest Bank Minnesota, National Association, Minneapolis, Minnesota prepared by the
Office of the Comptroller of the Currency (OCC), the institution's supervisory agency.
The evaluation represents the OCC's current assessment and rating of the institution's CRA
performance based on an examination conducted as of October 17, 1996It does not reflect any
CRA-related activities that may have been initiated or discontinued by the institution after the
completion of the examination.
The purpose of the Community Reinvestment Act of 1977 (12 U.S.C. 2901), as amended, is to
encourage each financial institution to help meet the credit needs of the communities in which it
operates. The Act requires that in connection with its examination of a financial institution, each
federal financial supervisory agency shall (1) assess the institution's record of helping to meet the
credit needs of its entire community, including LNU neighborhoods, consistent with safe and
sound operations of the institution, and (2) take that record of performance into account when
deciding whether to approve an application of the institution for a deposit facility.
The Financial Institutions Reform, Recovery and Enforcement Act of 1989, Pub. L. No. 101-73,
amended the CRA to require the Agencies to make public certain portions of their CRA
performance assessments of financial institutions.
The assessment of the institution's record takes into account its financial capacity and size, legal
impediments and local economic conditions and demographics, including the competitive
environment in which it operates. Assessing the CRA performance is a process that does not rely
on absolute standards. Institutions are not required to adopt specific activities, nor to offer
specific types or amounts of credit Each institution has considerable flexibility in determining
how it can best help to meet the credit needs of its entire community. In that light, evaluations are
based on a review of 12 assessment factors, which are grouped together under 5 performance
categories, as detailed in the following section of this evaluation.
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance, a
rating is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in, ascertaining
and helping to meet the credit needs of its entire delineated community, including low -
and moderate -income neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate -
income neighborhoods, in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate -income neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate -income neighborhoods, in a manner consistent with its resources and
capabilities.
Norwest Bank Minnesota, National Association
1 _mewl ulamelaffliam_U_Il Jl. _Lei NO W FA7: us
Institution's Rating:
Based on the findings presented below, Norwest Bank Minnesota, National Association
(Norwest) has an:
• Outstanding Record of Meeting Community Credit Needs.
The purpose of CPA is to ensure that financial institutions help meet the credit needs of their local
community. We rated this institution's CPA record as Outstanding because:
• Norwest, in conjunction with its affiliate, Norwest Mortgage, hzc. (NMI), originates a
significant volume of Home Mortgage Disclosure Act (HMDA) loans within its
Minneapolis/St. Paul delineated community ;
• Norwest and NMI combined (Norwest/NMI) are the market leaders in originating HMDA
loans in low- and moderate -income (LMI) census tracts (CTs) and to LMI applicants;
• Norwest has been ranked as the top Small Business Administration lender in Minnesota for
three consecutive years; and
• Norwest actively participates in community development activities, providing needed
leadership, technical and financial support.
Bank Profile
Norwest is a wholly -owned subsidiary of Norwest Corporation, a multi -bank holding company
headquartered in Minneapolis, Minnesota. Norwest is the largest bank held by Norwest
Corporation which is the nation's thirteenth largest bank holding company with total assets of $72
billion as of December 31, 1995.
Norwest operates 76 M-service banking offices in the Twin Cities Metropolitan area. Norwest is
a business and consumer orientated bank with $18.2 billion in assets, $10.7 billion in loans, and
$8.5 billion in deposits as of December 31, 1995. As of the same date, the loan portfolio mix was
42% real estate, including 38% 14 family residential; 26% commercial; 91/o consumer, 12%
financial institutions and 11 % other. In addition, 94% of Norwest's deposits consist of traditional
core deposits.
Norwest Bank Minnesota, National Association
Norwest affiliates provide lending services throughout the bank's delineated community. NMI
originates most of the purchase money and refinance residential real estate loans for Norwest.
Other affiliates provide student, credit card, and business financing as well as trust and investment
services.
u
Norwest has designated its community delineation as all of Anoka, Washington, Ramsey, and
Dakota Counties, a majority of Scott, Hennepin, and Carver Counties, and a portion of Isanti
County. All counties are located in the Minneapolis/St. Paul Metropolitan Statistical Area
(MSA). Common credit needs throughout the delineated community consists of loans to small
businesses and consumers for installment as well as residential purposes.
Based on 1990 Census data, the population of Norwest's delineated community was
approximately 2,260,890. Minorities comprise 8% of the population, including approximately 4%
African Americans, 3% Asian/Pacific Islanders, and 1% American Indian. The community
contains 596 CTs, of which 145 or 24°/u are designated as LMI. The Department of Housing and
Urban Development's (HUD) 1995 MSA Median Family Income for the MSA is $54,600.
Reasonableness of Delineated Community
Norwest's delineated community is reasonable and does not arbitrarily exclude any LMI areas.
The delineation includes areas surrounding branch locations and contains approximately 94% of
the bank's 1995 HMDA loan originations and 90% of Norwest's total consumer portfolio of
loans and lines of credit.
I. ASCERTAINMENT OF COMMUNITY CREDIT NEEDS
Assessment Factor A - Activities conducted by the institution to ascertain the credit needs of its
community, including the extent of the institution's efforts to communicate with members of its
community regarding the credit services being provided by the institution.
• Management maintains ongoing, meaningful contact with a wide range of individuals
and groups representing various community interests.
Norwest has developed a process that incorporates surveys, focus groups, and direct contact with
individuals representing LMI neighborhoods, housing services, small businesses and community
development and government agencies. Often, bank employees are members of or serve on
governing boards and committees of these organizations. This allows the bank to receive ongoing
Norwest Bank Minnesota, National Association
information on community credit needs. The bank's 1995 Community Reinvestment Act
Statement lists the nature of these organizations and the bank's involvement with them.
Assessment Factor C - The extent of participation by the institution's board of directors in
formulating the institution's policies and reviewing its performance with respect to the purposes of
the Community Reinvestment Act.
The Board of Directors and senior management have developed an effective program to
meet the credit needs of the bank's community.
Norwest uses the Community Reinvestment Act Community Marketing Initiative (CMI) planning
process. This process provides the framework for determining community credit needs and
developing the bank's response to those needs. The plan is monitored quarterly and updated as
well as approved by the Board of Directors annually. It incorporates information such as
demographic data, ascertainment efforts, marketing strategies, and lending goals. A CMI plan is
prepared for each branch in order to respond to any special local needs.
II. MARKETING AND TYPES OF CREDIT OFFERED AND EXTENDED
Assessment Factor B - The extent of the institution's marketing and special credit -related
programs to make members of the community aware of the credit services offered by the
institution.
• The Board and senior management have implemented a sound marketing program
designed to reach all segments of Norwest's community.
Management annually develops a marketing plan designed to promote various products and
services throughout the bank's community. Advertising, directed by Norwest corporate
marketing staff, focuses on broad based general media including television, radio, and major
newspapers. Bank -wide direct mail, brochures and product point -of -sale information are also
produced.
Managing officers initiate local marketing efforts. Working with the bank's marketing unit, they
develop a customized marketing plan designed for their local market which includes newspapers,
direct mail, and participation in community events. This allows each market to tailor its
marketing efforts to its community. The bank has also established an effective referral network
for marketing its Community Homeownership Program (CHOP) loan product through personal
contact with realtors, Home Ownership Counseling, Consumer Credit Counseling Services, as
well as other counseling and community organizations.
Norwest Bank Minnesota, National Association
Norwest has sponsored radio advertisements adapted to reach the African American community
and Spanish speaking audiences. It also participates in local non-profit radio and cable television
talk shows for Hmong audiences. To help reach all members of Norwest's community
delineation, print advertisements are placed in American Indian, Hmong, and Spanish language
publications. Finally, CHOP brochures are printed in Hmong, Laotian, Spanish and Vietnamese.
Assessment Factor I - The institution's origination of residential mortgage loans, housing
rehabilitation loans, home improvement loans, and small business or small farm loans within its
community, or the purchase of such loans originated in its community.
• Norwest has made significant efforts to address the housing, small business, and
consumer credit needs of its community.
Norwest offers and originates a comprehensive array of loan products to meet community credit
needs. Loan types include loans for housing, consumer, small business, and small farm needs.
Norwest offers flexible real estate credit terms and conditions to LMI individuals through its
CHOP. During 1994 and 1995, Norwest extended 488 or $27 million and 419 or $24 million
purchase money CHOP loans, respectively. In addition, it provided down payment assistance
loans to 257 applicants during that same time fiame. For additional historical CHOP lending
information, please refer Norwest's 1994 and 1995 CRA Statement.
Norwest/NM have taken a leadership role in lending conventional purchase money, refinance,
and home improvement real estate related loans during both 1994 and 1995:
,wry CR_.A4i
t
Total$
Art
(OOOs)
%°
.Market
Share
#of
applicants
%Market
Share
i
Total
Amt
(OOOs)
%
Market
Share
#of
applicarits
%Market
Share
Norwest/NMI
9,915
15%
$666,595
11%
13,334
24%
$1,071,513
23%
Closest Com titor
6,948
10%
$532,538
9%
1 6,581
12%
$608,506
13%
Average loan size for Norwest and NMI, for the time periods listed above, was $28,000 and
$123,000, respectively. During 1995, 94% of all Norwest conventional real estate related loans
were extended to applicants living within Norwest's community delineation.
Norwest also originates direct and indirect consumer installment loans and lines of credit. Per
year-end 1995 bank prepared reports, Norwest has outstanding loan and line balances totaling
$1.0 billion to persons living within Notwest's delineated community. This total represents 90%
Response to Request For Proposal -
CITY OFFORT COLLINS RFP-P-807
OctoberIZ 2001
The Account Administrator assigned to service the City of Fort Collins will be John Mogck. A
brief biography containing his experience and qualifications are included below.
John Mogck, Account Administrator
Mr. Mogck joined Wells Fargo in early 2001 with more than six years experience in a variety of customer
service and trust processing capacities. He is currently part of a team servicing the western states region
and is responsible for overseeing all daily aspects of his relationships, including cash movement, security
settlement, ad hoc reporting, sweep investment, and client question and issue resolution. John's
background includes technical support experience, loan processing, mutual fund reconciliation and trade
processing. Mr. Mogck holds a BSBA in Business Management, with a finance emphasis, from the
University of South Dakota and is a strong advocate for continuing education and professional
development, regularly taking advantage of various internal training opportunities. He has been
recognized on several occasions for his commitment and skill in providing outstanding day-to-day
customer service to his clients.
Included below is a brief biography of your assigned back-up Account Administrator:
Deana Drews. Senior Account Administrator
Ms. Drews is responsible for overseeing all daily aspects of her relationship including cash movements,
security settlement, ad hoc reporting, sweep investments, and client question and issue resolution. She
works closely with your relationship manager, relationship accountant, and investment manager customer
service specialists. As a Senior Account Administrator, Deana also provides guidance and coaching to
more junior administrators. Ms. Drews began her career with Wells Fargo in 1988 and worked in the
Corporate Trust division until joining Institutional Trust & Custody. The majority of the relationships she
services are in Colorado. Deana is an advocate for continuing education and has actively been involved in
numerous internal and external training class opportunities. Ms. Drews provides superior service to all of
her customers and has been recognized on several occasions for her commitment and skill in providing
outstanding day-to-day customer service to her clients.
e. Describe the policy on notification of changes in these positions during the contract period.
It is clearly our intent in situations of employees taking jobs elsewhere in Wells Fargo or outside
of the company, that we immediately contact all impacted customers and lay out the transition
plan for the interim period between the departure of an employee and the full training of their
replacement. Every account has a back-up Relationship Manager and Account Administrator
who will have been involved with the account from the start. When these individuals begin their
back-up duties, they will have already been somewhat familiar with the account. This should not
pose material customer service issues.
Institutional Trust & Custody Page 32
Norwest Bank Minnesota, National Association
of all consumer loans and lines of credit. During fiscal year 1995, Norwest originated 52,768 new
direct and indirect consumer installment loans and lines of credit totaling $462 million.
Norwest also makes loans to small businesses and small farms. Norwest tracks small business and
small farm originations by using the Consolidated Report of Condition definitions. As of June 30,
1995, Report of Condition information shows that Norwest had $1.3 billion outstanding or
11,286 loans to small businesses and $5 million or 316 loans to small farms. By number, 59% of
the small business and small farm loans originated in amounts less than $100,000.
Norwest Bank South Dakota, National Association extends conventional student loans on behalf
of Norwest. No annual fee student credit cards are offered to Norwest applicants through
Norwest Bank Iowa, National Association.
Assessment Factor J - The institution's participation in governmentally -insured, guaranteed or
subsidized loan programs for housing, small businesses, or small farms.
Norwest actively participates in government -related lending programs for small business
and housing.
NMI is a market leader in originating government related real estate loan programs. During 1995,
NMI originated $307 million or 3,570 loans to applicants living within Norwest's community
delineation. This volume represents 22% of the total market share. The closest competitor held
12% of the market share. As a leader in 1994, NMI originated $185 million or 2,318 loans to
applicants living within Norwest's community delineation. Goverment loans include those
sponsored by the Federal Housing Authority (FHA), the Department of Veteran's Affairs (VA),
and the Farmers Home Administration (FMHA) for purchase money and refinance purposes.
Although Norwest does not actively participate in Federally sponsored home improvement
Programs, they do originate loans through the Minnesota Housing Finance Agency's energy and
home improvement lending program. During 1995, Norwest originated 117 loans totaling
$592,650. This is an increase over 1994 lending of 49 loans or $246,058.
Norwest Bank Minnesota, National Association
In addition to traditional business banking, Norwest is an active Small Business Administration
(SBA) lender. As a Preferred Lender, Norwest has been tanked as the top SBA lender in
Minnesota for the third consecutive year. The table below details lending volume for 1994 &
1995:
i{`r;"r'"•�
t, ..
.
Number
: Dollars (000s)
Number
Dollars (000s)
504 Program
19
$13,200
26
$13,641
7(a) Program
58
9,679
34
5,977
LowDoc Program
21
941
48
2,741
Total
98
$23 820
108
S22 59
Norwest Bank South Dakota, National Association continues to originate student loans through
the government guaranteed Stanford loan program on behalf of Norwest.
III. GEOGRAPHIC DISTRIBUTION AND RECORD OF OPENING AND
CLOSING OFFICES
Assessment Factor E - The geographic distribution of the institution's credit extensions, credit
applications, and credit denials.
• Norwest/NMI shows a good distribution of loans within and throughout its delineated
community, including low- and moderate -income areas.
By number and dollar, Norwest/NMI is a market leader in originating HMDA loans to LMI CTs:
Lending to LMI CTs
k
,< 1494 $MDA Lendmg
H:1bk' Lending
s1995
#of
%Market
Told $
%Market
#of
%Market
Total
%Market
Applicants
Sham
Arm
Share
Applicants
Share
Amt
Share
(000s)
(0005)
NorwesVWl
1,527
18%
$67,734
13%
1,682
24%
$82,271
23%
Closest Com titor
936
11%
$39,819
8%
934
13%
$47,247
13%
Norwest Bank Minnesota, National Association
NorwesVNMl HMDA origination volume to LMI borrowers has improved. By number and
dollar, in 1995 Norwest/NMI HMDA originations to LMI applicants far exceeds its closest
competitor:
Lending to LMI Applicants
4 k5 yf.. t
%Market: - Total $
Sham, ;: Amt
(000s)
F 14�.-e•_�i A �-�
% # of % Market
Market applicants...... Share
Share
-05[�'A' N^/.,{?' µid l
# of
applicants.
Total $
Amt
(OOOs)
%
-.Market
'.Share
NorweWNMI
4,326
15%
$213,494
13% 1 5,055
22%
$287,276
22%
Closest Co 'tor
1 4,308
15%
$245,521
15%1 2,736
12%
$162,332
12%
Norwest and NMI lending to LMI individuals is commensurate with other income groups:
HMDA Lending as % of Total Number of Loan Originations
z "Ne lee,
' =1'-s.
m
O'.VY
lat'
1994
Lending
volume
1994
Lending
Percent
1995 ''
Lending
Volume
1995 -:
Lending -
Percent.-
19914
Lending
Volume
1994
Lending
Percent
1995 '-
Lending -
Volume
1995 _
[.ending
Percent
LMI
2,391
38%
3,414
31%
1,935
33%
1,641
28%
Middle Income
1,698
27%
3,317
30%
1,675
28%
11674
28%
Upper Income
1,960
31%
3,560
32%
2,060
35%
21274
39%
Income Not Avail. 1
250
4%
709 1
7%
265
4%
315
5%
Middle Income represents applicants with income 800/a - 1200/. of median income.
Upper Income represents applicants with income greater than 120% of median income.
In addition to EN DA data, bank generated reports of all other direct and indirect consumer loans
and lines of credit originated in 1995 show the distribution of lending originations throughout
Norwest's delineated community.
Norwest originates a significant portion of its loans within its community. Based on 1995 HMDA
information, Norwest originated 94% of its HMDA reportable loans within the bank's delineated
community. According to bank reports, 90% of all outstanding direct and indirect consumer
loans and lines of credit were originated within Norwest's delineated community.
0101
Norwest Bank Minnesota, National Association
Assessment Factor G - The institution's record of opening and closing offices and providing
services at offices.
• Norwest's offices are readily accessible to all segments of the community. Bank
management regularly reviews business hours and services to ensure they meet the
customers' needs.
As of December 31, 1995, Norwest operates 76 full service banking offices throughout its
delineated community. Thirteen or 17% of the branches are in LMI geographies. Certain
locations offer trust, investment and insurance services through the bank or affiliated companies.
Twenty-two ATMs include a Spanish language option. One ATM includes a Hmong language
option. In addition, 21 branch locations have Spanish speaking staff, 12 have Asian speaking
staff, 7 have African speaking staff, and 8 have employees who are fluent in sign language.
Market managers regularly review service delivery and branch hours to ensure hours meet local
needs. The bank also offers 24-hour toll -free phone service for taking loan applications,
conducting deposit transactions, and making limited credit transactions. Refer to the Norwest
Location Guide for specific information on branch locations and hours.
Norwest closed only one office during 1994 and 1995 because of the close proximity of other
banking locations. The branch was not located in a LMI geography.
IV. DISCRIMINATION AND OTHER ILLEGAL CREDIT PRACTICES
Asmsment Factor D - Any practices intended to discourage applications for types of credit set
forth in the institution's CRA Statement(s).
• We found no practices intended to discourage applicants for any type of credit listed on
the bank's CRA Statement.
The bank solicits applications from all portions of its community, including LMI areas. Corporate
policies set forth basic fair lending requirements. All loan -related employees receive regular,
comprehensive training on fair lending regulations. The bank has an independent second review
program for all potential HMDA reportable denials.
Assessment Factor F - Evidence of prohibited discriminatory or other illegal credit practices.
• The bank meets the substantive provisions of antidiscrimination laws and regulations.
11
Norwest Bank Minnesota, National Association
We did not identify any instances in which Norwest denied credit to similarly situated applicants
based on the applicant's gender. We performed a comparative analysis of direct and indirect auto
as well as direct unsecured loan applications to determine whether applicants with comparable
qualifications received similar treatment. The sample included 96 denied female applications and
349 approved male applications originated between May 1, 1995 and October 31, 1995.
V. COMMUNITY DEVELOPMENT
Assessment Factor H - The institution's participation, including investments, in local community
development and redevelopment projects or programs.
• Norwest actively participates in community development and redevelopment programs,
providing leadership, technical expertise and financial support throughout its
community.
Examples of community development and redevelopment involvement by Norwest, Norwest
Corporation, and a Norwest affiliate include:
During 1994 and 1995, Norwest committed a total of $2.0 million to the National Equity
Fund. The 1994 and 1995 Limited Partnerships are involved in three low-income housing
projects within the Norwest delineated community. In addition, Norwest and Norwest
Corporation committed $6 million to the National Equity Fund 1990 through 1993 Limited
Partnerships. These Partnerships are involved in 18 local low-income housing projects.
Payments made to the National Equity Fund during 1994 and 1995 totaled $1.3 million;
In 1994, Norwest committed to invest $2.1 million in the Glenwood Limited Partnership
which manages an 80 room housing facility for late stage alcoholics. Payments of $252,067
and $281,213 were made in 1994 and 1995, respectively. Norwest is one of 9 funding
sources that support the facility which houses persons with incomes at or less than 50% of the
median family income;
• In 1994, Norwest invested a total of $3.3 million in the Ramsey Hill and Marquette Historic
Limited Partnerships. Both Partnerships own low-income housing projects;
• Norwest advanced $1.2 million in 1995 for a senior citizen condominium project located in a
LMI geography. Each of the 25 units range in sales price from $60,000 to $80,000;
In 1995, Norwest committed to lend up to $1 million to finance minority -owned businesses.
Norwest is one of six local banks creating a consortium to provide $3.3 million to qualified
12
Norwest Bank Minnesota, National Association
applicants. It is estimated that lenders will make 50 loans, ranging from $25,000 to $150,000
over the next three years. Additional funds could be matched by the McKnight and Northwest
Area Foundations as well as the State of Minnesota;
• During 1994 and 1995, Norwest obtained grants through the Federal Home Loan Bank to
offer funding for 13 local community development projects totaling $980,000;
In 1995, Norwest originated 20 loans totaling $449,935 in conjunction with government
agencies and developers to stabilize or revitalize LMI geographies:
• Minneapolis Community Development Agency - 16 loans totaling $433,435;
• Whittier Alliance - 2 loans totaling $9,000; and
• Minneapolis Consortium of Community Developers - 2 loans totaling $7,500;
In 1995, the Des Moines Federal Home Loan Bank provided a $1.5 million grant to Norwest
Bank Iowa, National Association. Grant funds are to be used to assist eligible low -to -
moderate income borrowers in purchasing homes throughout the nation. The Norwest
Homeownership Assistance Program, established to disperse the grant, will provide up to
$2,000 (or 5% of the total mortgage) for down payment or closing cost assistance to home
buyers with income at or below 50% of the area median income. Beginning January, 1996,
the program was expanded to home buyers with incomes between 50% and 80% of area
median income. These applicants are eligible to apply for a matching grant of $2.00 for every
$1.00 of their contribution towards eligible mortgage costs. Maximum matching grant is
$2,000. Of the total 764 originations made through August, 1996, 205 or $397,910 were
extended to borrowers living in the State of Minnesota; and
Norwest continues to annually contribute $100,000 to both the Metropolitan Low -Income
Neighborhood Housing Limited Partnership I and II. Total Norwest Partnership
commitments are $2 million. The Partnerships are involved in 11 low income housing
projects.
13
Norwest Bank Minnesota, National Association
Assessment Factor K - The institution's ability to meet various community credit needs based on
its financial condition and size, legal impediments, local economic conditions and other factors.
• Norwest's efforts to meet community credit needs are consistent with its size and
resources.
Norwest has sufficient resources to meet the credit needs of its community. The bank also has
access to additional resources through its Norwest affiliates, including NMI, Norwest Investment
Services, Inc., Norwest Funding, Inc. and Norwest Business Credit, Inc. Norwest has
demonstrated its willingness to support the development and implementation of programs and
products to meet community growth and redevelopment needs. No other legal impediments or
factors limit the bank's efforts.
Assessment Factor L - Any other factors that, in the regulatory authority's judgement,
reasonably bear upon the extent to which an institution is helping to meet the credit needs of its
entire community.
• Norwest has engaged in other meaningful activities that contribute to its efforts to help
meet the community's credit needs.
Such activities have included sponsoring home ownership and credit education seminars as well as
small business training sessions. The bank also provides financial assistance to organizations that
support the needs of LMI people.
14
Institutional Trust & Custody
MAC N9310-060
801 Nicollet Mall, Suite 700
Minneapolis, MN 55479
October 12, 2001
James B. O'Neill Il
Director of Purchasing and Risk Management
City of Fort Collins Purchasing Division
215 North Mason Street, 2n' Floor
Fort Collins, CO 80524
Dear Mr. O'Neill,
On behalf of Wells Fargo, I am pleased to respond to the request for proposal (RFP-P-807) to provide services for the
City of Fort Collins. Thank you for including us in your search. We welcome the opportunity to work with you.
We are uniquely positioned to deliver outstanding service, while offering products and additional services that help
you accomplish your goals. We fully understand your needs, and are extremely pleased to be able to demonstrate the
depth of our services, commitment to our clients, flexible, innovative technology, and ability to deliver outstanding
quality from our Denver -based office.
As one of the nation's top providers, Wells Fargo has a proven track record of strong earnings generation and
consistent growth. We are committed to investing the resources necessary in products, technology and people to excel
in our business. Dick Kovacevich, President and CEO of Wells Fargo & Company, was recently quoted: 'We.
expect that Institutional Trust & Custody will be one of our most rapidly growing businesses over the next 5
years. We've built a solid reputation in this business and plan to further our commitment through strategic
investments in technology and people. " We view this commitment as an investment in our clients and their long;
term satisfaction andsuccess.
Our response describes our capabilities and work plan we will follow to provide you with customized solutions. We
have assembled the best possible combination of people, products, and resources we have to offer.
We have enclosed six copies of our response to the request for proposal which includes our Executive Summary, the
Proposal Certification Form, responses to the "Scope of Services to be Provided", Exhibit A, Fee Proposal, Exhibit B,
sample agreements, sample reports, and other financial statements and related materials. Our response to this request
for proposal is firm and irrevocable for the period of the contract.
We also acknowledge the receipt of all addendums.
We believe we represent the best value to the City of Fort Collins in terms of price (with or without performance
measurement services), product offering and attention to service. We will deliver the products, professionals and
personal level of service you deserve. We appreciate your interest in Wells Fargo, and look forward to an opportunity
to meet with you personally. Any questions that may arise in the review of our services can be directed to me at (612)
667-5237.
Sincerely,
Daniel J. Mruz
Vice President - Business Development
Institutional Trust & Custody
TABLE of CONTENTS
SECTION 1 EXECUTIVE SUMMARY
SECTION 2 PROPOSAL CERTIFICATION FORM (EXHIBIT C)
SECTION 3 RESPONSE TO REQUEST FOR PROPOSAL
SECTION 4 EXHIBIT A
SECTION 5 SERVICE PRICING SCHEDULE
ACCOUNT ANALYSIS PRO FORMA
SECTION 6 SAMPLE AGREEMENTS
SECTION 7 SAMPLE REPORTS
SECTION 8 APPENDICES
ATTACHMENTS: Annual Reports (Year 2000, 1999, 1998)
Wells Fargo Funds Prospectus
Wells Fargo Funds Update Booklet
Trust Operations Guide
Institutional Trust & Custody
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
3. Accounting
a. Accurate accounting is critical to the City. Describe your accounting process (or module)
and the degree of flexibility available through it.
Wells Fargo Institutional Trust & Custody offers several different report packages and Internet
reporting retrieval to meet our clients' periodic, monthly, quarterly and annual reporting needs.
While our systems technology offers the flexibility to account for securities on a trade, settlement
date, cash or accrual basis. To meet its informational and reporting requirements, we propose that
the City take advantage of our Standard Financial Reporting Package and our intetnet-based
online product, Trust Portfolio Reporting. Information pertaining to these two options is included
below.
Standard Financial Reports
Wells Fargo can provide hard copy reports in custom timefiames when needed by the client.
Information is available following each month end. Information available includes interest
income paid MTD, current asset listings, transactions MTD, daily account activity, cash balances.
Wells Fargo can provide hard copy reports in the timeffames when needed by the client.
Examples of reports available include Asset Summary, Consolidated Account Report, Statement
of Assets and Liabilities, Cash Summary, Statement of Transactions, and Pending Trade
Schedules.
Online Reporting -Trust Portfolio Reporting (optional fee based service)
Trust Portfolio Reporting provides clients with daily and month -end portfolio information.
Twenty standard reports are available for viewing or exporting in standard HTML, PDF (Portable
Data Format), Excel, or comma separated formats. Asset reports may be created for the past 30
business days or up to 13 prior month -ends. Transaction reports can be requested for up to 18
months of history. Pending transactions and cash projections are also among the standard reports.
With this product's Ad Hoc Reporting and Custom Data Extract capabilities, users are able to
design and save report templates to meet their companies' unique requirements and run them
against any single account or account combination. All of the current and historical data available
in our standard report offerings is also available to create new views or data extracts. After
selecting the data sources and data fields needed, users can sort, subtotal, and filter to produce
exactly the information required. Subsequent releases for Trust Portfolio are planned for
throughout 2001.
Institutional Trust & Custody Page 33
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P--807
October 12, 2001
In addition to the information and reporting options, we also offer the following capabilities if
desired by our clients.
Per Measurement Reporting
Wells Fargo's performance reporting provides comprehensive performance measurement and
analytics packages in hard copy format and online. We provide AIMR and GIPS compliant
performance information at the total account, asset class, sector, and security level utilizing
industry standard calculation methodology. Any combination of time periods or account
groupings can be measured against over 100 standard and custom indices. Additional custom
benchmarks can be constructed to accommodate any type of investment policy. Our Investment
Performance reports provide flexible categorization, and extensive detail, including P/E ratios and
historical betas. Several customizable reporting options are available to meet clients' needs.
Historical data can be back -loaded to provide inception -to -date performance measurement. We
are also one of a select number of vendors whose service teams produce both financial accounting
and performance measurement reports. Our "hands-on" approach ensures consistent, accurate, and
timely reporting. Our performance measurement, attribution and analytics services capabilities
include:
♦ lmestmem performance calculations daily, monthly or intro period
♦ Multi -currency calculations and reporting
♦ Returns calculated using multiple categorization within a single or group portfolio
♦ Industry standard market research characteristics far your portfolios and custom and
standard benchmarks will be mailable
♦ Complete domestic attribution including selection, weighting and currency impacts will be
mailable by the end of1001.
Enhanced Financial Reports
The enhanced monthly report package we offer is very comprehensive. Our systems technology
offers the flexibility to account for securities on a trade date, settlement date, cash or accrual basis.
Our standard Institutional Trust & Custody statement package is trade -date, full accrual.
Complete monthly reporting packages, including monthly transaction statements, priced asset lists,
and more are available to clients, investment managers and consultants in a variety of accounting
methods and combinations of schedules. Statements provide consolidated reporting of both
international and domestic assets in multi -currency in a trade date, accrual format. Reports are
provided for individual manager accounts, consolidations unitized pools and plan accounts.
Our monthly report package includes the following schedules:
Statement of Net Assets
Summary of Assets
Asset Detail
Pending Acquisitions
Pending Dispositions
Interest and Dividend Accruals
Brokerage Commission Report
Statement of Change in Net Assets
Security Acquisitions
Security Dispositions
Receipts and Disbursements
Detail oflncome Collected
Cash Reconciliations
Custom Reports
On a monthly, quarterly and annual basis, Institutional Trust & Custody provides several of its
clients with custom reports. Wells Fargo utilizes multiple database applications to construct report
packages for Corporate Boards, Investment Committees and Trustees with detailed plan
allocations, asset summaries, executive plan overviews, and manager performance. All reports are
provided ongoing or as one-time exceptions at no additional cost to our clients, if no significant
programming is required.
Institutional Trust & Custody Page 34
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P--807 October 12, 2001
Enhanced Trust Reporting
Audited monthly financial and performance measurement information will soon be available
through our Enhanced Trust Reporting online product. Enhanced Trust Reporting is currently
being piloted by a number of our clients who were selected based on their information and
reporting needs. A short time following the release of this product in the Fall of 2001, additional
capabilities will be available, including performance attribution, analytics, and multi -currency
information. Ad hoc reporting will be available in 2002.
b. Does your system report or accommodate trade date, settlement date and accrual
accounting? What accounting methods do you offer? (Trade or settlement? Cost basis?
Amortization?)
Yes, reports are available on a trade date and/or settlement date basis. Wells Fargo's systems
capabilities offer the flexibility to account for securities on a trade date, settlement date, cash or
accrual basis.
Institutional Trust & Custody provides comprehensive accounting for all domestic and global
securities, derivatives and pooled investments. We can account for securities on a trade or
settlement date basis. While complex portfolios with multiple consolidations utilize a consistent
accounting approach, we do have the capability to account for individual accounts utilizing
different methods. All settlement date reports are strictly cash basis; trade and adjusted
settlement date reports are on an accrual basis.
Accounting methods available include:
♦ Trade or settlement date
♦ Full Accrual or cash
♦ Cost basis (average, specific lot, LIFO, FIFO, high cost)
♦ Amortization
♦ Liability accounting for short sales and options
♦ Fund Unitization
♦ Donor Accounting
C. What is your source of pay down information? When is it posted? Do you maintain
records of the original face amount?
Wells Fargo is a direct participant of PTC, DTC, and are members of the Fed. Mortgage -backed
paydown information is available to us directly through their online systems. Our core trust
system also receives factor information from Interactive Data Corporation (IDC) as soon as
factors are released into the marketplace. Payment projection reports are then created and
validated against the corresponding depository payment reports. Payments are credited into your
account on payable date.
Yes, the core trust system we utilize allows us to store and report original face on "paydown"
type of assets.
Institutional Trust & Custody Page 35
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
d. How do you handle correctionstreversals (i.e. as an adjustment or an offsetting sale or
purchase?)
Corrections and reversals are handled as an adjustment by deletion of the erroneous transaction
and replacement by the corrected transaction.
e. What is your policy toward same day crediting of interest and dividends on payable dates?
Are payments credited in same day funds? If not credited on the same day how is the City
compensated?
Interest and dividends are credited to customers' accounts in Fed Funds based on the payment
schedule shown below. Funds are available same -day when posted to the account. Funds for
sales are credited on contractual settlement date with same -day availability. Likewise, purchases
are withdrawn from accounts on contractual settlement date. We currently process approximately
one million income collection transactions annually.
Series H/HH Interest
On Receipt
Interest/Corporate Bonds, Treasuries
Payable Date
Income on Exception Items
Receipt+l
Savings/CD Interest
On Receipt
Savings/CD Reinvest
On Receipt of Statement
Cash Sweep Income
3' Business Day
CPT Principle/Interest
Payable Date
CPT Principal/Interest Payments -Exceptions
Upon Receipt
Dividend on Split Shares
Payable +1
Equities (Announced)
Payable Date
Equities (Unannounced)
On Receipt
Pending Trades
Settlement Day
Preferred Stock (Announced)
Payable Date
Preferred Stock (Unannounced)
On Receipt
Common Stock
Payable Date
Bank Certificate of Deposit
On Receipt
Fixed Rate Domestic Bonds
Payable Date
Floating Rate Domestic Bonds
Payable Date or Receipt of Rate
Floating Rate Foreign Bonds
On Receipt of U.S. Funds
Bearer Bonds
Payable Data
Baby Bonds
Payable Date
Fed Book Entry Issues (Treasuries/SLGS)
Payable Date
Physical U.S. Agencies
Payable Data
Mortgage -Backed (interest & principal)
Payable Date
GNMAI&II
FHLMC
FNMA
CMO/Asset-Backed (interest & principal)
Includes REMICs, Multiclasses, FHA
Pass Thru, SBA
Held® DTC
Payable Date/Receipt of Factor
Held® FED
Payable Date
Held @ Bankers
Payable Date + 1
Held Physically
On Receipt of Payment
Unit Investment Trusts - Income
Payable Date
Private Placements
On Receipt
Dividends on ADR's/Foreian Assets-DTC
Pavable Date
Dividend Reinvest & Capital Grains
Payable Date +l
Same Day Trades
Settlement Date
Next Day Trades
Settlement Date
Mutual Fund Trades
Settlement Date
Mutual Fund late Day Trades
Settlement Date
Instkutiona! Trust & Custody Page 36
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807
October 71,1001
Calls/Partial Calls Payable Date
Maturities
Past Due Maturities
Dividend Reinvest Equities
Final Principal Payment
Series E/H Redemptions
Global Reorganizations
voluntary Corporate Actions
Corporate Actions
Stock Splits
Payable Date
On Receipt
On Receipt of Statement
Payable Date
On Receipt
On Receipt
Upon Receipt+l
Receipt
Ex -Date
Global Income Receipt
For variable rate securities, our system automatically calculates income and principal payments.
Prior to the anticipated payable date, principal and income payment projections are generated by
the system and reconciled against the paying agent's records. Any differences are identified and
researched with the paying agent and resolved prior to the scheduled payable date.
Payments to be credited on payable date are released for prompt posting to the client's account.
On payable date, the actual amount received from the paying agent is once again verified against
the amount projected by our system. Similarly, all payments that are credited upon receipt are
posted as received.
All of Wells Fargo's mortgage factors are received in an automated fashion from Bond Buyer, the
premier industry provider of this service. Projections are available five days prior to payable
date. Payable amounts are updated as rate or factor information becomes available. DTC,
Federal Reserve, and PTC payment information is provided by an automated download one day
prior to payable date.
Wells Fargo's Income Collections Group maintains factor and principal payment histories. This
information can be made available upon request.
f. When are funds withdrawn for purchases?
As mentioned above, our standard process due to Wells Fargo's low fail rate, funds for purchases
are withdrawn from the account on contractual settlement date and proceeds from sales are posted
on contractual settlement date. This provides total funds predictability. If the City requires, we
also provide actual settlement date processing, only posting transactions that have cleared and
settled.
Institutional Trust A Custody Page 37
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober IZ 2001
4. Security
a. What security procedures and precautions are in place to protect City information,
especially with respect to unauthorized on-line access or telephone instructions? Please
fully describe all security measures.
Included below is a discussion of our security arrangements pertaining to our systems
environment.
Mainframe/Peripheral Systems
Wells Fargo's mainframe systems are located three floors below street level in a secured
building in downtown Minneapolis. The procedure to gain admittance is as follows:
1. Use a picture ID badge to get past the outside doors.
2. Show a trained security guard the picture ID and sign in.
3. Use a picture ID badge to get past the inside doors.
4. Take an elevator down to the systems floor and use the picture ID
badge to get through the elevator doors.
5. Use the picture ID badge in conjunction with a five number pass
code to enter the systems room.
Two levels of password identification, which must be changed every 30 days utilizing current and
new passwords, are required for access to our core trust system. Upon gaining entrance to the
system, only accounts and screens for which the user's secondary ID's are authorized are
available to the user.
Access to our enhanced reporting system is only available to authorized individuals within the
organization: the systems analysts dedicated to the system and our Institutional Trust & Custody'
accounting staff. Online access at any of their terminals requires two levels of password
identification that must be changed every 30 days, utilizing both current and new passwords.
Wells Fargo/SEI
At a very high level, all Network traffic going between SEI and Wells Fargo is secure.
There are two types of traffic SNA (mainframe to mainframe) and IP mainframe to
server. All SNA traffic is secure as it is transmitted across our network. All IP traffic
will be routed through Wells Fargo's firewall, ensuring that no outside access is allowed
to the data. We are currently in the process of designing and implementing our IPSec (IP
Security) network configuration with SEI that will provide firewall to firewall security of
the IP traffic. We are also taking measures to secure SEI's external access to servers that
reside on -site at Wells Fargo (GIM II and StrataVision). SEI will be allowed only secure
access to the servers and out network using a SecurlD card.
Wells Fargo's Internet -based Product (Trust Portfolio)
Trust Portfolio offers a direct, secure connection for up-to-date information and report
functionality from your PC and through the use of your Internet browser. You have total
control over who sees your portfolio information through the use of your company ID,
user ID, and password. Each user's identification lets them access data only for the
accounts they are authorized to view. Consultants and outside investment managers may
also be authorized to view specific account data.
Institutional Trust & Custody Page 38
Response to Request For Proposal -
CITY OFFORT COLLINS RFP-P-807
Odober I2, 200I
b. What procedures restrict unauthorized use at the time of transaction recording?
Please reference our response to Question #4a within this section. The Customer does not have
direct access for trade or funds transfer initiation.
C. How are authorization codes assigned? Are authorization codes changed periodically?
How often?
Please reference our response to Question #4a within this section.
5. Delivery versus Payment "DVP" Settlement
All securities transactions must be delivery versus payment (DVP). Describe how this
process will function and how the DVP protection is assured.
Our standard has always been that all trades are settled on a delivery versus payment basis unless
instructed otherwise by the customer in writing and indemnifying Wells Fargo for doing so. Our
processing standard is to post all purchases and sales by debiting and crediting cash on the
contractual settlement date. Funds will be available for investment on a same day basis. This
procedure will provide total funds predictability; thereby maximizing investment yield and
eliminating fail float accounting. If the City requires, we also provide actual settlement date
processing, only posting transactions that have cleared and settled.
6. Securities Movement and Trade Settlement
a. Describe your system for settlement, registration and custody of assets. Can you handle
same -day turnaround transactions?
Whenever feasible, assets are held in our depository accounts for maximum effectiveness in
settlements, income collection and reorganization processes. Our securities processing system
denotes the location of each asset by a specific registration code and location code tied to each
depository account. The determination of where an asset is held is based on its eligibility and the
account set-up instructions.
Our Administrators complete asset description worksheets to internally provide the necessary
legal information and asset description for the security just prior to it being received in our office.
Once Wells Fargo has recorded this asset into the client's account and if a physical certificate has
been received, re -registration will begin with the depositories. Wells Fargo will surrender the
physical certificate to the depository with the proper legals, and they will send the certificate back
to the transfer agent.
When an asset is ineligible for depository safekeeping, it is re -registered into either a nominee or
client name and held in a Class I vault, which is audited annually.
Institutional Trust & Custody Page 39
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807
October 71,1001
In transaction delivery versus payment, we employ a two step control process to ensure proper
settlement. A trading transaction and a cash transaction are set up in our trust system. When our
securities settlement group proceeds to settle a transaction with a depository or physical vault, the
amount of money must equal the amount of securities being delivered to -the -penny. Expect
postings are being monitored throughout the day against receives and delivers. Our administration
and operations groups actively work together to ensure the proper match of transactions. At the
end of the day all unmatched cash and security transactions are "dk'd" and returned to their
originating institution -- this is fairly standard practice in the industry. We then generate
exception reports and follow-up calls between the administrative group, operations group, and
client to determine what caused the problem and to proactively take steps to ensure that the
transaction settles the following day. We have one of the highest affirmation rates in the business
-- which is a reflection of a low amount of unmatched trades at end of day.
Requirements for same -day turn around transactions for actively traded accounts are determined
by volumes and security type. The purchased security must be delivered to Wells Fargo DVP by
the proper deadlines in order for Wells Fargo to settle DVP the sale transaction.
The Institutional Trust & Custody Customer Operations Manual details our standards for
processing trades. Although we use these as guidelines, we always give best efforts to process
outside those deadlines. We diligently process late notification of trade and short settlement
trades quickly as long as the depositories are still open for settlement and the time frames are
reasonable.
b. Describe your "DK" wiring procedures.
In transaction delivery versus payment, we employ a two step control process to ensure proper
settlement. A trading transaction and a cash transaction are set up in our trust system. When our
securities settlement group proceeds to settle a transaction with a depository or physical vault, the
amount of money must equal the amount of securities being delivered to -the -penny. Expect
postings are being monitored throughout the day against receives and delivers. Our administration
and operations groups actively work together to ensure the proper match of transactions. At the
end of the day all unmatched cash and security transactions are "dk'd" and returned to their
originating institution -- this is fairly standard practice in the industry. We then generate
exception reports and follow-up calls between the administrative group, operations group, and
client to determine what caused the problem and to proactively take steps to ensure that the
transaction settles the following day. We have one of the highest affirmation rates in the business
-- which is a reflection of a low amount of unmatched trades at end of day.
Wells Fargo must be notified in advance by the customer of all incoming and outgoing wire
transfers as required by the Federal Reserve. All incoming wires without pre -notification to
Wells Fargo are required to be immediately DK back to the sender. The administrator sends a
detailed expect notice to the trust wire desk for all incoming wires. If an incoming wire is
received and the details do not match, the administrator is notified by the wire desk for immediate
action.
Institutional Trust & Custody Page 40
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
C. Describe where and how the receipt and delivery of physical securities occur and how they
are secured. Describe any involvement by correspondent banks in the clearing.
Wells Fargo utilizes Deutsche Bank for physical settlements. In order to settle these trades
efficiently, Wells Fargo utilizes an integrated network that provides real-time activity within our
account
Trade instructions are received from investment managers by our Trust Client Services group.
The trade is entered on the Trust Accounting System and the trade ticket is printed on our
Physical Settlement group's printer. Instructions are forwarded to Deutsche Bank for settlement.
They verify that the right size certificate is available for sale. If not, the certificate is sent out for
transfer to break it down to the correct size. On settlement date, the shares are delivered to the
broker versus payment. For purchases once the verification of the authenticity of the security has
been completed in a secure location, payment is made versus delivery.
d. Describe the physical security systems of your vault and custody areas.
Our Class I vault is located three floors below ground in a highly secured, heavily surveillanced
area. Only authorized personnel are allowed in the vault vicinity. Access (in or out) of the vault
itself is only allowed during pre -arranged, specific time periods each day. The vault was
designed and built to safeguard all the securities and assets stored within and to withstand the
trauma and potential damage possible in the event of disaster.
Entrance to our custody operations area is allowed through the use of a computerized ID card,
pre -coded with a unique password and authorized for entrance during normal business hours only.
Individuals not authorized for entrance must use the intercom provided outside the locked doors
to communicate to the Security Officials inside to request admittance. The unauthorized
individual must stay in the holding area until clearance has been given by an authorized
individual inside the secured area.
e. Do you verify transaction detail from client instructions? How? When?
All transactions are verified and initiated against the client's written instructions prior to
processing. Wells Fargo's core processing system allows us to work in a paperless environment.
All special transfers, requests and money movements initiated by a client outside of the
manager's regular trading activities are handled directly by an Administrator. Working with
standing instructions or authorized special requests, the Administrator processes all transactions
directly online, eliminating paper internally and increasing timeliness, efficiency and accuracy.
All trades are verified against the investment managers written instructions prior to any trade
affirmation and settlement.
Institutional Trust & Custody Page 41
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 72,100I
f. Describe the flow of data for the following transaction types. (Provide flow charts if
necessary.)
(1) Receipt and transference of trade instructions on purchases and sales.
Client Services is comprised of investment manager specialists who work with over 675
investment managers retained by our customers to manage their assets. Each investment manager
works exclusively with one trade representative for all accounts with that manager. The result is
a high level of knowledge and responsiveness to the manager's staff and the brokerage
community.
Trades are communicated via agreed upon medium, such as facsimile, DTC ID system, phone
with written backup, SWIFT messaging, Etc. to Wells Fargo within 24 hours. We are a full user
of the DTC ID system. If a broker has input a trade into the DTC ID system, Wells Fargo will
automatically affirm the trade in an overnight download through the CCF interface. If a trade
requires manual input, Wells Fargo will facilitate the matching of the broker trade information
against the investment managers instructions and meet deadlines for settlement.
Trade representatives communicate with managers daily to provide them with cash balance and
trade settlement information if required. This information is shared by e-mail, fax or phone,
dependent on the manager's needs. Some investment managers use our online system to retrieve
trades and cash balances.
Daily and monthly statements and/or data extracts are used in the reconciliation process between
the investment manager and Wells Fargo. If holdings or trade information discrepancies exist,
the investment manager contacts their investment manager specialist and settle the discrepancy
promptly.
(2) Clearing functions.
Wells Fargo uses automated securities depository systems and holds all securities where eligible.
In addition, we have complete vault facilities through our New York sub -custodian and our
Minneapolis office to service your physical securities transactions. Wells Fargo utilizes the
following depositories:
> Depository Trust Company (DTC): Wells Fargo is a founding member of DTC. We have
been an active member in the Bank Depository User Group (BDUG) since its inception in
1975. BDUG is an industry group that provides feedback to DTC on performance, system
enhancements, and proposed industry changes.
We process an average of 150,000 trades per month. Our expertise in execution and systems
utilization results in an affirmation rate of 99%. More than 70% of trades are affirmed
through DTC's Institutional Delivery System (ID).
We utilize a report printed from DTC's computer -to -computer interface at the end of every
day to reconcile trade settlement activity. The report displays all purchases and sales that
settled during the day and provides us with an efficient method of identifying failed trades.
All trades are settled on a same -day basis.
Institutional Trust & Custody Page 42
Institutional
Trust &
Personal
When you entrust your assets to Wells Fargo & Company, you place them in the hands of one of the
strongest companies in the U.S. today. As one of North America's most diverse financial service
companies, Wells Fargo & Company can meet 100°/u of every client's financial services needs.
Providing custody and safekeeping products and services for over 70 years, Wells Fargo & Company acts
as custodian for $450 billion of client assets. Institutional Trust & Custody is a distinct business within
the Institutional Trust Group, dedicated to servicing clients located in nearly all 50 states. Since 1987,
Institutional Trust & Custody has been organized into dedicated units that focus on geography and
specific industry groups. This structure provides specialized service to better meet Institutional Trust &
Custody clients' needs.
STRATEGIC FOCUS Consistent with our corporate vision, Institutional Trust & Custody's vision is to
be recognized as the premier provider of "value-added" custodial, trustee, master trustee, and information
services nationally, in the markets that we choose to compete. We are committed to:
➢ responding to client needs and aiming for total client satisfaction
➢ viewing employees as key resources and strive to recognize and reward outstanding individual
and team achievements
➢ increasing revenue, profit and shareholder value by offering premier products and targeting
high potential markets
➢ maximizing our growth through timely business and strategic planning that focuses on long-
term opportunities, key business issues, product development and delivery processes
➢ focusing on quality, productivity and cost efficiency
Our focus and commitment to our customers also has the support of Dick Kovacevich, CEO '& President.
He quoted: "We expect that Institutional Trust & Custody will be one of our most rapidly growing
businesses over the next five years. We've built a solid reputation in this business and plan to further our
commitment through strategic investments in technology and people."
EXPERIENCED STAFF The cornerstone to our success is our exceptional staff. They average 14
years of direct trust and related industry experience. Staff turnover is among the lowest in the industry.
We attribute this to a low client -to -staff ratio, systems technology, education, ongoing training and a
corporate culture committed to a balanced lifestyle.
OUTSTANDING SERVICE Our departmental slogan, "Global Reach, Personal Touch," symbolizes
our philosophy of quality customer service and our corporate culture. In 2000, Institutional Trust &
Custody received a "world class" satisfaction and recommendation rating from clients in our
independent annual survey conducted by Satisfaction Management Systems Inc. Our formal Service
Quality Program ensures that your expectations, as our client, are not only met, but exceeded!
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
n Federal Reserve Bank: Wells Fargo is a direct member of the Federal Reserve Bank
System. We currently process in excess of 12,000 trades on a monthly basis from the
Minneapolis district alone. For those securities eligible only at the New York Federal
Reserve, Wells Fargo employs Deutsche Bank's Federal Reserve relationship.
Federal Reserve purchases and sales are reconciled on a same -day basis. Utilizing an online
interface with the Federal Reserve Bank we are able to monitor settlements throughout the
day. Trade and settlement information is exchanged online, with an automated daily
reconciliation performed on an aggregate account basis to match positions.
Participants Trust Company (PTC): Wells Fargo is a direct member of the
Participants Trust Company. PTC's automated system transmits settlement
confirmations for all eligible transactions. Paydowns and paydown information
are also administered to us directly through this system. We process more than
500 trades per month.
Wells Fargo utilizes system -produced daily reports and depository settlement reconciliation
reports to monitor the settlement process and to identify failed trades. Settlement notification
from PTC is received throughout the day and in an end -of -day summary report. online access
and daily real-time reports from PTC's system are used to reconcile both settled and failed
physical trades.
a Physical Securities: Wells Fargo provides all services associated with physical securities,
such as re -registrations, transfers, deposits, and withdrawals. Wells Fargo automatically re-
registers physically -held securities to book -entry form if they become depository eligible.
Our trust system maintains a record of each security which provides location, form of
registration, and other pertinent information.
Wells Fargo utilizes Deutsche Bank (formerly Bankers Trust) for physical and same -day
trade settlements. To settle these trades efficiently, we have developed an integrated network
that provides real-time activity within our account. Additionally, we can hold securities in
our vault at Wells Fargo. We have a Class I vault and maintain dual control at all times to
ensure the safety of assets.
If the securities are held at a depository, we use our direct accounts at DTC, the Federal
Reserve Bank, or PTC. Otherwise, Wells Fargo holds the following types of certificate
securities at Deutsche Bank:
♦ Commercial Paper
♦ Interest -Bearing Notes
♦ Certificates of Deposit
♦ Bankers Acceptance Notes
♦ CMOs
♦ Medium -Term Notes
♦ Repo collateral when backed by CPNs, BAs, IBNs, and CDs
Institutional Trust & Custody Page 43
Response to Request For Proposed -
CITY OFFORT COLLINS RFP-P-807 Odober12,2001
(3) Transfer to safekeeping.
Whenever feasible, assets are held in our depository accounts for maximum effectiveness in
settlements, income collection and reorganization processes. Our securities processing
system denotes the location of each asset by a specific registration code and location code
tied to each depository account. The determination of where an asset is held is based on its
eligibility and the account set-up instructions.
Our Administrators complete asset description worksheets to internally provide the necessary
legal information and asset description for the security just prior to it being received in our
office. Once Wells Fargo has recorded this asset into the client's account and the certificate
has been received, re -registration will begin with the depositories. Wells Fargo will surrender
the physical certificate to the depository with the proper legals, and they will send the
certificate back to the transfer agent.
When an asset is ineligible for depository safekeeping, it is re -registered into either a nominee
or client name and held in a Class 1 vault, which is audited annually.
(4) Payment for income and maturities.
Interest and dividends are credited to client's accounts in fed funds based on the payment
schedule shown below. Funds are available same -day when posted to the account. We
currently process approximately one million income collection transactions annually.
Series H/HH Interest
On Receipt .�
Interest/Corporate Bonds, Treasuries
Payable Date
Income on Exception Items
Receipt+l
Savings/CD Interest
On Receipt
Savings/CD Reinvest
On Receipt of Statement
Cash Sweep Income
30 Business Day
CPT Principletinterest
Payable Date
CPT Principal/Interest Payments -Exceptions
Upon Receipt
Dividend on Split Shares
Payable +1
Equities (Announced)
Payable Date
Equities (Unannounced)
On Receipt
Pending Trades
Settlement Day
Preferred Stock (Announced)
Payable Date
Preferred Stock (Unannounced)
On Receipt
Common Stock
Payable Date
Bank Certificate of Deposit
On Receipt
Fixed Rate Domestic Bonds
Payable Date
Floating Rate Domestic Bonds
Payable Date or Receipt of Rate
Floating Rate Foreign Bonds
On Receipt of U.S. Fonds
Bearer Bonds
Payable Date
Baby Bonds
Payable Date
Fed Book Entry Issues (Treasuries/SLGS)
Payable Date
Physical U.S. Agencies
Payable Date
Mortgage -Backed (interest & principal)
Payable Date
GNMA I & 11
FHLMC
FNMA
CMO/Asset-Backed (interest & principal)
Includes REMICs, Multiclasses, FHA
Pass Tina, SBA
Held @ DTC
Payable Date/Receipt of Factor
Held @ FED
Payable Date
Held @ Bankers
Payable Date + I
Held Physically
On Receipt of Payment
Unit Investment Trusts - Income
Payable Date
Institutional Ttust & Custody Page 44
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 71,1001
Private Placements On
Dividend Reinvest & Capital Gains
Payable Date +1
Same Day Trades
Settlement Date
Next Day Trades
Settlement Date
Mutual Fund Trades
Settlement pate
Mutual Fond late Day Trades
Settlement Date
Calls/Partial Calls Payable Date
Maturities
Past Due Maturities
Dividend Reinvest Equities
Final Principal Payment
Series E/H Redemptions
Global Reorganizations
Voluntary Corporate Actions
Corporate Actions
Stock Splits
Payable Date
On Receipt
On Receipt of Statement
Payable Date
On Receipt
On Receipt
Upon Receipt +1
Receipt
Ex -Date
Global Income Receipt I
For variable rate securities, our system automatically calculates income and principal
payments. Prior to the anticipated payable date, principal and income payment projections
are generated by the system and reconciled against the paying agent's records. Any
differences are identified and researched with the paying agent and resolved prior to the
scheduled payable date.
Payments to be credited on payable date are released for prompt posting to the client's
account. On payable date, the actual amount received from the paying agent is once again
verified against the amount projected by our system. Similarly, all payments that are credited
upon receipt are posted as received.
All of Wells Fargo's mortgage factors are received in an automated fashion from Bond
Buyer, the premier industry provider of this service. Projections are available five days prior
to payable date. Payable amounts are updated as rate or factor information becomes
available. DTC, Federal Reserve, and PTC payment information is provided by an automated
download one day prior to payable date.
Wells Fargo's Income Collections Group maintains factor and principal payment histories.
(5) Handling of repurchase agreement collateral.
When purchasing a repo with underlying collateral, which is identified prior to settlement, the
collateral is accepted into an OMNIBUS account. Through a record file, collateral is tracked
from the time it is settled until the time the repo is matured.
(6) Handling of reverse repurchase agreement activity.
As reverse repo is held as a liability in the trust account, a two step process is required. The
reverse repo is posted as a free receive to client account. A cash entry is processed to settle
the cash portion of the reverse repo. As with a repo, the agreement must be identified prior to
settlement/receipt.
Institutional Trust & Custody Page 45
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 1$ 2001
(7) Delayed deliveries and sales.
Procedures for tracking fails are based on type of security, buy or sell, and dollar impact.
Investment managers involved in U.S. trades will only be notified of a fail if Wells Fargo
cannot obtain satisfactory results from the broker within five (5) business days following
contractual settlement.
D New Day Funds Settlement purchase fails are followed for on the third business day unless the
dollar amount is above $500,000 which is followed for by next day. All sales are followed -up on
by next day.
➢ Same Day Funds Settlement purchases and sales are followed for on same day.
D Physical purchases and sales are followed for by next day.
D DTC, Fed and PTC purchases and sales are followed for on same day unless deadlines are
extended. Wells Fargo takes full responsibility for the settlement of fails, only contacting
investment managers if we fail to settle after five days.
Wells Fargo utilizes both system -produced daily reports and depository settlement reports
and reconciliations to monitor the settlement processes. As mentioned above, Wells Fargo is
known for its efficient use of the depository affirmation services available, and has
experienced less than a 1 % fail rate historically on both sales and purchases combined. Our
policy is to debit/credit both U.S. and non-U.S. trading activity on contractual settlement date
to clients' accounts, alleviating perceived fails to clients' managers' accounts.
g. How do you handle corporate actions? (splits, dividends, etc.)
Wells Fargo recognizes the impact and exposure that timely and accurate corporate action
notification has on the investment strategies of our clients. We closely monitor corporate action
information and report information to our clients in a timely manner. We currently process more
than 13,000 transactions monthly.
Wells Fargo uses Xcitek Solutions Plus for receiving notices, matching trust holders to
announcements and sending the notifications to the person with investment responsibility. The
vendors directly used for supplying reorganization notification are Xcitek and DTC. Other
sources for notification include: paying agents, depositories, Internet, The Wall Street Journal,
local newspapers and direct mail.
A listing of new and pending corporate actions is prepared on a daily basis. For mandatory
actions, such as bond calls or stock splits, the Corporate Action Department updates the
inventory, trade, and income components of our system to ensure that subsequent security
pricing, income payments, and so on, are accurate. Voluntary actions, such as stock options or
tender offers, are assigned to a Corporate Action analyst. The analyst will inform the client
service specialist, who will then contact the client and the client's investment manager to obtain
instructions. As the deadline for the action approaches, the client or investment manager is
contacted at specified and continually short intervals to seek instructions. If no instructions are
received within 48 hours of the action due date, then the matter is referred to the Relationship
Manager for resolution.
Institutional Trust & Custody Page 46
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
ow-
7. Service Deadlines and Cutoffs
What are your trade settlement instruction deadlines for timely processing of regular and
same -day transactions? Proposal most include completion of Exhibit A.
Trade instructions and deadlines of settlements vary by security type. The Customer Operations
Manual available to investment managers and clients' staff, provides information on Wells Fargo
contacts, trade communication and settlement instructions, cut-off times, money movement,
short-term cash management and income collection standards information, as well as capital
actions and reorganization policies.
Our deadlines (CST) are as follows:
DTC & Fed BE
Fed BE (3 day settlements)
(1 day settlement)
(same -day settlements)
PTC (3 day settlements)
(1 day settlements)
Physical (3 day settlements)
(same -day settlements)
Sells - 3:30 p.m. on trade date
Buys - 3:30 p.m. on trade date
Cancellations — Noon on T+l
Sells - 3:30 p.m. on Trade Date
Buys - 3:30 p.m. on Trade Date
Cancellations — Noon on T+1
Sells — 3:30 pm on Trade Date
Buys — 3:30 pm on Trade Date
Sells - 11:00 a.m. on Settlement Date
Buys - 11:00 a.m. on Settlement Date
Sells - 3:30 p.m. on T+1
Buys - 3:30 p.m. on T+l
Sells - 12:30 p.m. on Trade Date
Buys - 12:30 p.m. on Trade Date
Sells - 3:30 p.m. on Trade Date
Buys - 3:30 p.m. on Trade Date
Sells - 10:00 a.m. on Settlement Date
Buys - 11:00 a.m. on Settlement Date
Same -day trades require information as soon as possible. Wells Fargo shows both trades on the
system, but delivers/collects net dollars.
Institutional Trust & Custody Page 47
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 12,100]
8. Fail Process and Policy
a. Does the Provider take responsibility for collection of due bills, interest and fails? Describe
your policy.
Wells Fargo will pursue collection of all due bills and interest and attempt resolution of fails.
Wells Fargo settles all trades on contractual settlement date. Therefore, fail float is not an issue
to your accounts -- the account is pre -credited or debited on contractual settlement date,
eliminating fails perceived by you. Through the daily use of the DTC affirmation system and our
Federal Reserve reconciliation, we have experienced less than a 1% fail rate historically on both
sales and purchases combined.
b. What is your client compensation policy on failed transactions?
We will, if requested, manually track fail float on an account -by -account basis and extend fail
float credit to your account(s) monthly.
C. What procedures are in place to identify, follow-up and resolve failing trades? What
percent of transactions failed for the most recent calendar year? (Purchases and sales.)
Wells Fargo utilizes both system -produced daily reports and depository settlement reports and
reconciliations to monitor the settlement processes. Wells Fargo is known for its efficient use of
the depository affirmation services available, and has experienced less than a 1% fail rate
historically on both sales and purchases combined. Our policy is to debit/credit both U.S. and
non-U.S. trading activity on contractual settlement date to clients' accounts, alleviating perceived
fails to clients' managers' accounts.
Procedures for tracking fails are based on type of security, buy or sell, and dollar impact.
Investment managers involved in U.S. trades will only be notified of a fail if Wells Fargo cannot
obtain satisfactory results from the broker within five (5) business days following contractual
settlement.
d. How many times in the past year have your electronic information systems been out of
service due to reasons internal to your company? How long were the downtimes? If you
had outages or downtimes, what has been done to eliminate the problem(s)?
Historically, downtime experience has been less than 0.25%. Due to the small percentage actual
downtime experience, detailed information pertaining to causes/corrections was not available.
Institutional Trust & Custody Page 48
Response to Request For Proposal.
CITY OF FORT COLLINS RFP P-807 October I2, 200I
at-
9. Wire Transfers
a. A separate wire transfer agreement must be executed with the Provider establishing the
names of authorized individuals and repetitive wires, etc. This may be the Provider's
standard agreement form. The City will retain the right to modify the form if found
necessary. Please provide a copy of this agreement.
We do not require a formal wire transfer agreement. However, we do require an approved and
authorized list of individuals who are empowered to initiate wire transfers and trade instructions
from the City on its Letterhead signed and authorized by the proper City official.
b. Describe the procedures and controls for repetitive and non -repetitive wires including
security controls. Is wire transfer transaction processing available on line?
Wire transfer transaction processing is not available online at this time. Instructions for wire
transfers are received from the client and the transaction is initiated by the Account
Administrator. Administrators have the capability to set-up procedures to accommodate
repetitive wire transfers. Each transaction is audited and authorized by another individual with
the appropriate authority.
C. Wire transfers must be credited the same day as received. The proposal will list all
deadlines and cutoff times on Exhibit A.
Please refer to Exhibit A.
10. Daylight Overdraft Provisions
Every effort will be made to eliminate daylight overdraft situations on the City's account.
However, in case this situation does arise, the proposal should include any and all policies
regarding daylight overdraft charges or handling procedures.
An area that Institutional Trust and Custody is aggressively managing as part of our internal
compliance program, is focus on minimizing the overdrafts that may occur in your Trust or
Custody account(s).
Institutional Trust and Custody has implemented the following procedures:
Thorough reviews of all overdrafts are completed on a daily basis to determine the probable cause
of the overdraft.
If an overdraft exists within an account, an overdraft penalty will be assessed for each occurrence,
based on the dollar amount of the overdraft per the schedule below.
Overdraft Amount Penal
$1 to $100,000 $ 100
$100,001 to $1,000,000 $ 250
$1,000,001 to $2,000,000 $1,500
$2,000,000 and over $2,500
Institutional Trust .4 Custody Page 49
Response to Request For Proposab
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
We also have set standards to assist in identifying overdraft occurrences and patterns. If a pattern
is identified, Institutional Trust and Custody will contact you by letter, indicating that a pattern of
unacceptable overdraft practices has been identified. The letter will serve as notice that overdraft
penalties will subsequently be doubled until the particular practice is ended.
11. Sweep Provisions
a. Do you provide an automated daily sweep mechanism for anticipated or unanticipated cash
balances? Describe all alternatives available to the City for its cash balances. Include
timing restraints and controls that assure that funds are not left unprotected. The
prospectus for each alternative must be provided for review and approval before use by the
City.
Wells Fargo can provide an automated daily sweep mechanism (ACM) utilizing Wells Fargo
Funds. (ACM) which will invest your anticipated cash balances daily into a designated Money
Market Fund. ACM will calculate anticipated cash balances and invest the funds into your
designated Money Market Fund up to the penny. This means your pending trades, maturity
proceeds, as well as projected income will be invested or divested from the Money Market Fund
to provide same day cash management. Any trade directives or cash movements that are given
during the business day, must be communicated before the designated deadlines to ensure full
investment or divestment from the chosen Money Market Fund.
Communications received after money market deadlines will be processed on a best effort basis.
Cut-off times vary for incoming wire transfers by fund. These times range from 10:00am to
4:00pm CST. Below we have included the sweep trading deadlines for the most popular funds
used by our clients.
Fund
Sweep Cut-off Time (CST)
Cash Investment Money Market Fund
1:00 PM
100% Treasury Money Market Fund
11:00 AM
Treasury Plus Money Market Fund
3:00 PM
Government Money Market Fund
12:00 PM
Short Term Investment Fund (STIF)
1:00 PM
Wells Fargo Funds consist of seventy funds with $65 billion dollars under management. Our
mutual fund family ranks sixth among bank mutual fund families, 28th among all mutual fund
families.
All sweep funds are managed internally by our Wells Capital Management Team. Historically,
Wells Fargo Funds have all outperformed their respective IBC/Donoghue Money Market
Universe averages over the past one, three, and five year time periods, often appearing within the
top 10 of each universe as 1 st quartile Lipper universe performers.
Our Wells Capital Management portfolios, like our STIF (available for use by qualified
retirement plans), are composed of high quality, short-term securities managed with protection of
principal, daily liquidity and competitive yield as primary objectives.
Institutional Trust & Custody Page 50
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 1$1001
Illa—
Objectives and Investment Guidelines
The main investment objective on a few of our more popular money market funds for the Wells
Fargo Cash Investment, Government, and Treasury Plus Fund is to provide high current income
to the extent consistent with the preservation and safety of capital and the maintenance of
liquidity. The main objective of the 100% Treasury Money Market Fund is to provide safety of
principle while receiving high current income free of state and local taxes.
Funds Most Frequently Used by Institutional Trust & Custody's Clients
Wdn FarOo Fblydr
Assn She as ofJaae 30, 2001
1Lad
(Mwkm)
and Noe
Cash Investment Money Market Fund
$16,496.4
Institutional Money Market
Mutual Fund/Taxable Investments
100% Treasury Money Market Fund
$2,687.2
Institutional Money Mkt. Mutual
Fu d/100%U.S. Treasury Securities
Truantry Plus Money Market Fund
$1,670.4
Institutional Money Mkt. Mutual
Fund/U.S. Treanuy SxarikesBepca
Government Money Market Fund
$3,700.1
Institutional Money Mkt. Mutual
Fund/U.S.Treasury&Agency Securities
Short Term Investment Fund (STIF)
$2,052.1
Institutional Money Market
Mutual Fund/CDs/Commercial
Paper.M.S.Tmasury&Agency Securities
There is no minimum investment regturedfor any ofthese funds.
For more information pertaining to the specific funds available, please refer to the Wells Fargo
Funds Prospectus and the Wells Fargo Funds Quarterly Update booklet included along with this
proposal.
b. Are balances automatically monitored to assure no uninvested balances? Who directs this
process and what are the deadlines for the service?
No, balances are not automatically monitored and the client must notify us of any trade directives
or cash movements that are given during the business day, which must be communicated before
the designated deadlines to ensure full investment or divestment from the chosen Money Market
Fund.
Refer to the previous answer given to question 11. a. for the various fund deadlines.
Insi tudonat Trust & Custody Page 51
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
12. Collateralization
a. If a non -Colorado bank, the Provider will agree to obtain and maintain collateral
acceptable to the City sufficient to cover all anticipated intra-day and overnight balances,
above the FDIC insured limit of $100,000. Please state bank's agreement to this
requirement. How will the City be assured that acceptable collateral is maintained?
Colorado Banks must be designated as Colorado Public Depositories by the State of
Colorado and meet all Public Depository Protection Act requirements.
Wells Fargo Bank West, N. A. qualifies as a Colorado bank and would not be subject to this
requirement. As an aside to this however, Wells Fargo Bank Minnesota as agent for Wells Fargo
Bank West will maintain a pledge for all uninvested customer trust balances at the Minneapolis
Federal Reserve in compliance with trust regulations. There should be minimal to no uninvested
monies overnight based on the usage of the sweep vehicle. Monies invested in an overnight
money market fund cease to be deposits and are not subject to FDIC protection but rather are
covered by SIPC.
b. Describe any alternative to this collateralization requirement.
This question is not applicable in light of the response to 12a.
C. What margin will be used for collateral provided?
This question is not applicable in light of the response to 12a.
d. For collateral safekeeping, a tri-party agreement must be executed between the bank, the
City and the safekeeping bank which outlines the responsibilities of each. The safekeeping
bank will provide original third party safekeeping receipts detailing the collateral which
clearly shows, on its face, that the security is "Pledged to... ". All substitutions of collateral
are to be in writing and the entity will make every effort to approve and process them in a
timely manner.
This question is not applicable in light of the response to 12a.
13. Pricing of Securities
a. Describe your pricing services.
We use a variety of nationally recognized pricing services that are outlined in the following
answer to Question 13. b.
We monitor pricing process through our system's built-in exception processing functionality. We
receive daily reports showing unchanged prices, stale prices, price ranges, unusual price changes,
percentage/dollars, etc. The end of day prices are incorporated into our system and for the
specific client held assets are accessible to the client through our Internet based Trust Portfolio
Reporting product each day.
Insdiudonal Trust & Custody Page 52
FLEXIBLE TRUST TEcIINOLOGY We are committed to investing the resources necessary in
products, technology and people to excel in the institutional trust and custody business. This commitment
is an investment in our clients and their long -tern satisfaction and success. We have been adding
peripheral products that include specialized financial reporting, performance measurement, securities
lending, online systems and global custody. Over the past 10 years, substantial resources have been
dedicated to systems technology and enhanced service capabilities. This commitment is outlined in our
strategic Trust Technology Plan and Institutional Trust & Custody business plan.
VALUE ADDED PRODUCTS At Wells Fargo we've proven to be able to add tangible value beyond
our fees. To highlight a few:
Online Reporting Our web -based Trust Portfolio Reporting
and our dial -up benefit payment reporting products delivers all
information our customers need to efficiently monitor and
administer their funds. Daily portfolio reports, audited
financial and performance measurement monthly reporting, and
benefit payment reporting are available, as well as online trade
and pension payment input capability.
Securities Lending Our Securities Lending program has been
ranked #1 in surveys. The management of our program
combines aggressive marketing of the portfolio to produce
higher on -loan ratios, prudent broker and collateral investment
policies, and short-term investment expertise which yield
competitive revenues for our clients. Lending is also available globally.
Cash Management Wells Fargo internally manages a family of top performing short-term investment
funds. Our ERISA-qualified STIF has earned a #1 performance rating several times in recent years in an
independent consultant's survey of the top master trust banks in the U.S., outperforming "enhanced"
vehicles offered in the market today.
Investment Management Wells Fargo & Company offers clients a broad array of investment
alternatives in separate account management, collective fund or mutual fund vehicles delivered
through our bank investment management professionals or specialized investment subsidiaries.
- Global Reach/Personal Touch -
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
b. What is the source of your pricing data for securities authorized by the City?
The following table lists primary pricing sources and frequencies for publicly traded securities to
mark securities to market:
airy Securities 1 IDC Daily, if lit
(U.S. St Canada) Bloomberg I Otherwise,
National Daily Quote Services 4
Wall Street Journal
Pm America
Nikkei priced by EXTEL, otherwise
Exshare monthly
Telekurs j
Reuters
Convertibles
Merrill Lynch
Daily - - -
Corporate Bonds
IDC
f Merrill Lynch
Daily, if priced by Merrill
I IDC
Lynch. Otherwise, monthly.
Merrill Lynch Bond Evaluations
Bloomberg
Pm America
_.,___._.__._.__...-.__ ._..--
Government &. Agency
t Merrill Lynch
� Daily, if priced by Merrill
Securities
'.. IDC
Lynch. Otherwise, monthly.
- Merrill Lynch Bond Evaluations
Non-U.S. Bonds I EXTEL Daily, if priced by EXTEL.
I Nikkei Otherwise monthly
Exshare
Telekurs
Reuters
EXTEL _
Mortgage -Backed Merrill Lynch 1 Daily, if priced by Merrill
Securities IDC I Lynch. Otherwise, monthly.
Merrill Lynch Bond Evaluations
CMOs
IDC
Monthly
Pru America
Munici al Securities
Kenny
Monthly
IDC i
Bloomberg 4
-----.....--------_ .
Pro America
..
Real estate funds
_ -------.___.---_._._.---------.-----.._._._.__-------------'-----
Per memo from client
Varies, as received from
...._.._.._specified
source
Private placements
1 Merrill Lynch
Daily, if priced by Merrill
IDC
Lynch, otherwise monthly
Bloomberg
1 PruAmerica
Mutual Funds
IDC f
_
Daily, if priced by IDC.
Bloomberg
Otherwise, monthly.
Wall Street Journal
Funds
---- - ----- ....- -
__ ... _.._. -
Warrants ---
� IDC
-
Months
Options
1, Bloomberg
i
.
Monthly _._.
IDSI
Exchange Feeds y
Institutional Trust & Custody Page 53
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October I2, 2001
Reuters
Exchange Feeds
We also use the following sources to price securities: The Wall Street Journal, National Daily
Quote Services, local newspapers, brokers, and investment advisors. When information is
unavailable from one of our pricing services, we look to the investment manager, boutique
pricing services, or the market source (i.e., private placements, real estate).
Commingled funds, real estate funds and venture capital partnership holdings are priced utilizing
the fund custodian or fund manager's monthly statement. All activity relative to the holding is
accounted for in the monthly report.
Pricing is monitored through our core trust system's exception processing functionality. We
receive daily reports showing unchanged and/or stale prices, price ranges, unusual price changes,
and percentage/dollars. All securities are audited for correct CUSIPs and descriptions. Any
discrepancy in matrix pricing is discussed with the client and their investment manager, and then
we investigate the market source for more accurate pricing of the security.
If a price is challenged, we will investigate discrepancies with another source according to the
client's specifications. In addition, if the client is the only holder at Wells Fargo of a particular
security, the client can specify the pricing source they would like us to use. Any differences in
pricing would be discussed with the client and/or their investment manager. We will then
investigate the market source for further pricing of the security.
C. How do you price securities not available from pricing services?
Wells Fargo utilizes varying sources for securities not priced on service tapes. These sources
include Bloomberg, Bear Stearns, Prudential America, NQB, as well as ad hoc lookups with IDC
and Merrill Lynch. We also utilize our own investment management and trading desk, as well as
the investment manager who holds the security, in some instances. We utilize last traded price, if
necessary, after thorough investigation. Commingled funds, real estate funds and venture capital
partnership holdings are priced utilizing the fund custodian or fund manager's monthly statement.
d. How frequently do you price securities?
Please refer to our response to Question # 13b within this section.
e. Will the City have access to your pricing service?
Our vendor contracts do not legally allow you to directly access our online pricing sources. The
end of day prices are incorporated into our system and for the specific client held assets are
accessible to the client through our Internet based Trust Portfolio Reporting product each day.
Institutional Trust & Custody Page 54
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
14. Reporting
a. Accurate and timely reporting is of critical importance to the City. Describe your standard
and custom reporting package(s) and alternatives. Describe and submit copies of all
standard reports available and how they are made available (paper only, on-line, real-time,
next day, delayed, etc.). Describe all aspects of reporting and download capabilities.
We offer several different report packages and Internet based reporting information retrieval to
meet our clients' periodic, monthly, quarterly and annual reporting needs. Reports are available
for individual manager accounts, consolidations, unitized pools and plan accounts. Wells Fargo
has a tightly controlled process for producing Accounting and Performance reports. The
coordinated efforts of the Relationship Manager, Administrator, and Accountant ensure the
highest degree of accuracy. Multiple system edits and exception reports are generated daily and
during the month -end review process. In addition to these reports, the Service Team Accountant
works from a detailed checklist in the review of transaction detail, pricing and if appropriate
accrual information prior to statement generation.
Wells Fargo's report database allows for timely, customized summary report generation. On a
monthly, quarterly or annual basis, Wells Fargo provides several of its customers with custom
reports (i.e., detailed plan allocations, asset allocation graphs, asset summaries, manager
allocation charts, manager performance, executive plan overviews, etc.) designed to fulfill their
financial reporting needs. Most of these reports are delivered along with the client's monthly
reporting package. Service Teams can also provide special one-time reports if needed and
requested by the client.
Our online products also offer additional distinctive features. Customers who subscribe to our
online products can receive several custom reports online or design their own custom reports and
graphs in ExcelTM utilizing our Internet -based online products. Pre -formatted daily portfolio
and monthly financial and performance reports are resident on the systems. Ad hoc reporting is
also available. All of these reports can be saved by the user for future use.
Sample reports are included along with this proposal
b. How soon after calendar mouth -end can you provide reports, or a disc or tape of holdings if
requested? Can you provide system to system electronic data transmission? PC
downloading? Internet access?
Information and reports are delivered within a timeframe that meets the individual needs of the
client. It is our preference to meet with you prior to conversion to determine your exact reporting
needs, and the timelines that need to be met to satisfy your requirements. Upon determining your
exact requirements, we will package our services around those specific needs.
Unfortunately we no longer provide tape or disk services. Typically, our clients receive data via
our Intemet-based information reporting products Trust Portfolio and Enhanced Trust Reporting.
Information can also be provided in hard copy format.
Institutional Trust & Custody Page 55
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CITY OF FORT COLLINS RFP-P-807 October 12, 2001
C. What information, current, future cash flow, and historical is available on-line? How long
is historical data available on -tine? How long does the Provider maintain historical data?
Are there charges for research?
Cash, transaction and asset reports can be created with our daily Internet Trust Portfolio
Reporting (TPR) product for the past 30 days and up to 13 prior month -ends. Transaction reports
can be requested for up to 18 months of history. Pending transactions and cash projections are
among the standard reports and are available for 30 days in the future.
Our Internet online products have daily file extract capabilities for all the databases of
information resident on the system. You may select multiple databases or just certain fields of
one database for an extract, then save the specifications for that extract for recurring use by
naming it on the system. Information is current as of the end of the previous business day. Users
may access the system via the Internet 24 hours a day.
In conjunction with Performance Measurement Reporting services, our Internet based Enhanced
Trust Reporting (ETR) product allows access to month -end reports showing security holdings,
both at the portfolio and consolidation level, can be recreated for any of the last 18 months.
Wells Fargo retains 18 months of information on its mainframe system. Hard copy reports can be
recreated for any timefi-ame within those 18 months.
There is no limit to the length of time that our performance measurement system can store or
retain rate of returns for both portfolios and indices.
The majority of our clients find that our user friendly Internet products allow them to easily do
their own research. Most research requests are handled without any additional charge, but all are
dependent on the nature and scope of the specific request. Your Relationship Manager will
disclose in advance if any charge will result from the request before any cost is incurred.
d. Describe the confirmation process for each settlement. Provide a sample confirmation.
The client may review daily all cash, transaction and asset reports created with our daily Internet
Trust Portfolio Reporting (TPR) product to monitor and confirm all posting and settlement
activity. In addition, the Investment Manager Specialist may produce additional reports that meet
specific information needs.
Our standard is for all trades to be posted to accounts on contractual settlement date providing
funds predictability. The investment manager is only contacted after we have failed to reach
settlement.
e. h an original safekeeping receipt issued for each holding?
We do not issue individual safekeeping receipts, but all assets are reflected on the month -end hard
copy statement of assets and daily through our Internet based Trust Portfolio Reporting product.
Institutional Past & Custody Page 56
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P--807 October 12, 2001
How do you handle notification on mortgaged -backed securities principal and interest?
Wells Fargo is a direct participant of PTC, DTC, and are members of the Fed. Mortgage -backed
paydown information is available to us directly through their online systems. Our core trust
system also receives factor information from Interactive Data Corporation (IDC) as soon as
factors are released into the marketplace. Payment projection reports are then created and
validated against the corresponding depository payment reports. Payments are credited into your
account on payable date. Projected activity reports are available to the client daily through our
Internet based Trust Portfolio Reporting product.
g. Do you use CUSIPs or internal identification numbers for your securities? Are CUSIP
numbers on each report?
Yes, we use CUSIP numbers as our main means of identification for your securities and they can
be incorporated into reports are also accessible through Trust Portfolio Reporting.
h. What is the interday time lag between trade execution, posting, and availability of on-line
information to the client?
Our internal standard is for all trades to be input on our system within 12 hours of receipt of trade
information (ideally trade date if managers provide timely trade information). A trade will not
appear online as a pending trade until the counterparty has affirmed it (T+1 or T=2 at the latest
under T+3 settlement implementation). Wells Fargo constantly monitors all transactions for
affirmation by the appropriate counterparty and takes various appropriate steps when not
completed.
Our Internet online system Trust Portfolio Reporting does not presently provide real time
information. Information is as of the end of the previous business day. The investment manager
can confirm any trade activity with the assigned investment manager specialist if desired.
i. What are your transaction confirmation procedures as it relates to notifying the City on
upcoming interest payments, call actions, receipts of payments and calls.
Most transaction information is available online daily through Trust Portfolio Reporting. The
assigned investment manager specialist will also provide and inform the investment manager of
the appropriate items.
Wells Fargo's Income Collection Group ensures our clients' accounts are credited payments in an
accurate and timely manner. Our policy on income collection is to credit the trust account on
payable date for most types of securities, regardless of whether or not funds have actually been
received, achieving total funds predictability.
Institutional Trust & Custody Page 57
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CITY OF FORT COLLINS RFP-P-807 October 71,1001
15. Systems
a. Describe the automated systems and environment supporting the custodial services (age,
state of development, etc.) and describe the Provider's commitment to system development
and maintenance. Include your current capacity and track record.
We utilize an integrated combination of internally developed and vendor developed applications
to run our business. This comprehensive approach to systems management has helped establish
Wells Fargo as a premier provider of trust services. Nationally recognized for our effective use
of technology, we are committed to investing in the resources necessary to provide the systems,
products, services and people necessary to succeed in this very competitive industry.
Systems ArchitecturelPlatform
Wells Fargo uses a variety of operating environments to process trust information. Core
processing is done in a mainframe environment operated by SEI. Wells Fargo converted to SEI in
July 1998. Peripheral systems that drive client reporting and performance measurement are
processed on a UNIX platform, and are supported by Wells Fargo Services, Inc. Wells Fargo's
online products operate on either an Internet -based or dial -up platforms. For example, our Trust
Portfolio Reporting product generates portfolio information and client reporting in an Internet -
based (or client server) environment while providing greater flexibility, convenience, and a
variety of options for our clients. Our Wells Fargo ACCESS Payments"' dial -up online pension
payment database product operates on the user's PC, with the data stored in a relational database
fed from the mainframe.
The diagram to the right provides an
idea of our current systems'
architecture.
Institutional Trust & Custody Page 38
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
Hardware
SEI's core trust processing system (Trust 3000) is run on a mainframe platform located in Wayne,
PA. Hardware configurations include three AMDAHL processors that support nearly 700,000
trust accounts in over 200 locations. The operating system is the IBM MVS/ESA, and the
database management system is ADABASE. The entire environment is secured through the TSO
front end, which supports both online and batch processing. Access to the systems is
accomplished through a variety of connections, including a leased line, an SNI gateway or dial -in
services. Leased line connections support terminals to controller, PC's with 3270 emulation, or
PC's connected to a Local Area Network gateway.
As mentioned above, the peripheral systems Institutional Trust & Custody uses are run on Wells
Fargo -based and UNIX -based platforms. Our Trust Payment System is run on the Wells Fargo
mainframe computer. Wells Fargo's online products operate through a combination of both
Internet -based and dial -up platforms. Some of our online products operate on the user's PC, with
the data stored in a relational database fed from the Wells Fargo mainframe. Our Trust Portfolio
Reporting product generates portfolio information and client reporting in an Internet -based (or
client server) environment.
Ongoing maintenance and enhancements are provided through dedicated Wells Fargo and
Institutional Trust & Custody technical specialists with assistance provided by a vendor
relationship whenever appropriate.
Software
Wells Fargo's core system processing utilizes software and hardware developed and supported by
SEI Investments, Inc. Trust 3000 is a securities and trust accounting system that operates on a
real-time basis. Trust activities are posted to Trust 3000 through a combination of online and
batch processes throughout the business day. Global 3000 works in concert with Trust 3000 to
provide full multi -currency capabilities for both domestic and global investment portfolios.
These two components are fully -integrated to provide effective management of all portfolio
information, regardless of the underlying investment markets. Wells Fargo is one of the four
largest users of SEI's systems applications. We are an integral and vocal part of the SEI Steering
Committee that drives the strategic direction of the systems.
Most of the output from the trust processing system is
done through peripheral systems developed by either
Wells Fargo technical staff or SunGard Investment
Systems, one of the largest trust systems players in the
industry. Using these peripheral systems gives Wells
Fargo ultimate control of the reporting that is provided
to our clients.
Investne, our enhanced accounting and reporting
platform used in conjunction with performance
measurement, is the tool utilized to review and cleanse
data extracted from the core system. Investne allows
our accounting staff to thoroughly review re rt
We have recently enhanced our
systems to provide fully
integrated multi -currency,
enhanced performance
measurement, analytics,
accounting and reporting
capabilities online. This allows
us to provide a comprehensive
portfolio management system
that pulls all the pieces together
for our clients!
Po
information and maintain accounts on a real time basis. The GCR component provides
comprehensive integrated reporting to our clients and complete 5500 capabilities. Investne is
also the component that supports daily valuation needs. Xamin is the performance measurement
reporting component, providing comprehensive performance reporting including attribution
reports.
Institutional Trust & Custody Page 59
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CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
Wells Fargo's online products give our clients and their investment managers information on
their portfolios in a web -based environment with the capability of unlimited customization.
Product features of these modules include daily portfolio, daily transactions, audited monthly
reporting, performance measurement reporting, and performance analysis tools. Pension payment
input and reporting capabilities are offered through our dial -up online product, Wells Fargo
ACCESS Paymentsm.
SEUAccenture supports the code that they have developed. If customization is done internally at
Wells Fargo, then maintenance and support is accomplished through Wells Fargo Services, Inc.
We have unlimited capacity capabilities. Wells Fargo and SEI's core trust system has a formal
process in capacity planning that has allowed the system to be free of any capacity problems in 30
years of delivering trust accounting systems and services. The system currently has 915 mips
installed with 2.5 terabytes of DASD. System downtime experienced in the past has been less
than 0.25%.
b. Within your institution, does your custody system use dedicated or shared computers? If
shared, what is its priority level?
Wells Fargo's integrated systems architecture allows for the processing of all business lines in
aggregate. Being a fully integrated system environment, a set capacity is not assigned to any
given area. Our core trust system is not time-shared but leased through SEI. The other Wells
Fargo businesses that utilize the same equipment are Investment Management, Retirement Plan
Services and Personal Trust. Wells Fargo's Trust businesses do not experience contention
problems within our systems structure. A list of our systems and their respective dedication to
the custody businesses is included below:
v Investne and Xamin are dedicated to the custody business
• Trust Portfolio Reporting development is completely driven by custody
n Trust Payment System — largely dedicated to the custody business
• Wells Fargo Access Payments" — is largely dedicated to the custody business
• SEI has a weekly issues prioritization meeting and the steering committee sets jointly
funded enhancements. Businesses can choose to fund enhancements.
To ensure the highest level of support related to SEI, the service level agreement is monitored
very closely by Wells Fargo support specialists. We have automated the monitoring of incoming
files. If the files are not received by a certain time, alarms go off and SEI is contacted.
c. Between what hours each business day is information available? The proposal should state
in Mountain Standard Time (MST) when information and access will be available each
business day.
Users may access the system 24 hours a day. Information on our online system is current as of
the end of the previous business day.
Institutional Trust & Custody Page 60
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
d. How long has on-line inquiry and reporting been available to clients?
Our first dial -up system was utilized in 1989 allowing direct access to our mainframe system and
our successful Xcel based Access Portfolio online product replaced it in 1991. Since that time,
we have offered a variety of online products and services via the Internet or a dial -up platform.
All of these systems are updated and enhanced on an on -going basis.
e. The City desires on-line transaction processing if possible. Can all custody transactions be
entered, completed and reviewed on-line? Provide examples of all transaction screens.
Clients are able to send information and requests pertaining to trades and/or trade instructions
electronically - via e-mail - directly to members of their service team. We are currently working
on enhancing our online products to allow for the entering of trades into the system(s). We
expect to be able to roll out this enhancement later in 2002.
Do you provide an 800- or local number for dial -in information?
Trust Portfolio Reporting is an Internet based product requiring only Internet access and no dial -
up. An 800 number is available to clients for phone inquiries or interaction with the investment
manager specialists.
g. What system's training is available for the City personnel?
Generally, our intemet-based friendly online applications are intuitive enough that users can
realize full systems benefit without formal training. We offer online HELP functionality within
the applications along with quick reference guides to assist our customers.
Clients also have several options available in the event they need assistance or have questions
pertaining to our online products. They may use the HELP functions and/or the quick reference
guides, or they can call their Relationship Manager, Account Administrator, or our Online
Product Helpdesk for assistance. Our Helpdesk is fully staffed and is available to help with
specific tasks anytime during the workday. It is also equipped with voicemail, and several
different options including direct paging to serve the client.
We can provide on -site training for customers with multiple users if they have an integrated
training/systems environment and the appropriate equipment. Your assigned Relationship
Manager is available for one on one training and we can also provide training via the Internet as
well. The Relationship Manager will determine your specific needs and create a training plan in
accordance with them.
Institutional Trust & Custody Page 61
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CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
h. Briefly describe your method of controlling client access.
Wells Fargo uses 128 bit encryption for our Internet -based online products and services. We use
HTTPS environment as added security.
Wells Fargo's Internet based Product (Trust Portfolio)
Trust Portfolio offers a direct, secure connection for up-to-date information and report
functionality from your PC and through the use of your Internet browser. You have total
control over who sees your portfolio information through the use of your company ID,
user ID, and password. Each user's identification lets them access data only for the
accounts they are authorized to view. Consultants and outside investment managers may
also be authorized to view specific account data if needed.
How long has the current system been in place? What changes in the systems, if any, are
anticipated and in what time -frame?
Wells Fargo upgraded its core trust accounting system in July 1998 to Simulated Environment,
Inc. (SEI).
Our ongoing initiative to improve our
technology has a significant positive impact on
our service capabilities and further demonstrates
our continued commitment to our customers.
A number of projects and enhancements are
scheduled for implementation over the next
several months.
Wells Fargo systems development is
very client driven, as exemplified by
the client user group put together to
help its "pilot" our Internet based
products Trust Portfolio Reporting
and Enhanced Trust Reporting.
Enhancements are made throughout the year in an effort to improve our processing efficiency and
to enhance our product offering. System upgrades are designed with our customers in mind, and
we offer them an opportunity to have input into our system's design. The outcome is technology
that fits the information and delivery needs of the customers and provides Wells Fargo with
flexibility to keep pace with the changing market.
Online Systems Development
Further systems development includes the installation of several enhancements to our Trust
Portfolio Reporting online product Trust Portfolio Reporting provides Internet delivery of
customer transaction and position information through a single sign -on platform. This
comprehensive effort conveys Trust, Treasury Management and International foreign exchange
data to customers through a single user-friendly format. Our strategic goal is to integrate all of
our online systems through this channel. Since April of 2000, we have rolled out multiple
releases of Trust Portfolio to our clients. Additional upgrades and releases of this product are
planned throughout 2002, which include report scheduling and trade communication. Future
enhancements planned for 2002-2003 include trade -date reporting and real-time inquiry.
Institutional Trust & Custody Page 62
1 *1411111.) N 7
CITY OF FORT COLLINS
REQUEST FOR PROPOSAL P-807
INVESTMENT, SAFEKEEPING AND CUSTODIAL SERVICES
PROPOSAL CERTIFICATION FORM
The undersigned hereby affirms that:
1. He or she is a duly authorized agent of the custody provider issuing this proposal and that all
information provided in the proposal is true and accurate;
2. He or she has read the conditions and specifications that have been made available to the
custody provider in conjunction with this RFP and fully understands and accepts these terms
unless specific variations have been expressly listed in the custody provider's proposal;
3. The custody provider will follow and adhere to all terms and conditions and provide, at a
minimum, all services as expressed in the RFP and the custody provider's proposal
responding to the RFP;
4. The custody provider's proposal is offered independently of any other proposer and is in full
compliance with the terms specified in the RFP;
5. The custody provider will accept any awards made to it, contingent on contract negotiation,
as a result of the RFP for a minimum of ninety (90) calendar days following the date and
time of the bid opening; and
6. If awarded a contract, the custody provider warrants that it will not delegate or subcontract its
responsibilities without the express prior written permission of the City of Fort Collins.
Signature of the Custody Provider Official: _
Name of Official (typed): Daniel J. Mruz
Title: Vice President/National Sales Executive
Name of Custody Provider: Wells Fargo Bank West. N.A.
Date: October 12, 2001
Note: Proposals submitted without the manual signature of an authorized agent of the custody
provider may be considered non -responsive and ineligible for award
Response to Request For Proposat.
CITY OF FORT COLLINS RFP-P-807 October 11, 2001
In the first quarter of 2002 our Enhanced Trust Reporting Internet -based online product will be
rolled out to our clients. Enhanced Trust Reporting will provide flexible accounting and
performance measurement information and reporting. Future releases of this product will include
additional enhanced performance measurement, portfolio analytics, attribution, global
information and reporting (including global performance measurement)! Future enhancements
planned for 2002-2003 include additional accounting and performance capabilities, ad hoc
reporting, extract capabilities, attribution, and portfolio analytics.
Core System & Operations Development
The enhancement of our accounting and performance measurement capabilities implemented in
January 2001, will be further enhanced to provide additional attribution and portfolio analytics
capabilities. Future enhancements planned for 2002-2003 include additional enhanced reporting
and structured indices.
Over the next year or so, we plan to re -engineer our Collateral Valuation Account system to add
additional flexibility and scalability and to Migrate our Wells Fargo ACCESS PaymentsM dial -up
system to our Intemet-based platform. Another future enhancement planned for 2002-2003
includes design and development of an Investment Guideline Monitoring System.
Another key project will proactively position us for the future needs of our clients. We are taking
the lead with our vendor, SEI, to build straight -through -processing capabilities. This work fully
prepares us for the industry move to T+1 and incorporates complete SWIFT messaging functions
into the existing trust system platform.
Enhancements are made throughout the year in an effort to improve our processing efficiency and
to enhance our product offering. System upgrades are designed with our customers in mind, and
we offer them an opportunity to have input into our system's design. The outcome is technology
that fits the information and delivery needs of the customers and provides Wells Fargo with
flexibility to keep pace with the changing market.
j. How much funding have you committed to computer systems and data processing for
custodial accounts and systems in the past five years?
Wells Fargo systems development is very client driven, as exemplified by the client user group
put together to help us "pilot" our Internet -based product, Trust Portfolio.
Annual upgrades and enhancements to our peripheral and core systems account for
approximately75% of Institutional Trust & Custody annual systems expenditures. Institutional
Trust & Custody's budget annually reinvests 10-15% of its revenues into its systems and PC -
based technology as part of our Strategic Trust Technology and Business Plans.
k. Does the system provide electronic mail capabilities between the City's and Provider's
personnel?
Yes, we have an online e-mail template that is routed directly to our client services support group.
Institutional Trust & Custody Page 63
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 72, 2001
List any circumstances or situations in which the information sent electronically by the City
would be manually entered at the Provider.
Trades are communicated via agreed upon medium to Wells Fargo within 24 hours. We are a full
user of the ID system. If a broker has input a trade into the DTC system, the assigned Wells
Fargo Investment Manager Specialist will automatically affirm the trade in an overnight
download through the CCF interface. If a trade requires manual input, Wells Fargo will facilitate
the matching of the broker trade information and meet deadlines for settlement.
in. Back-up via telephone must be available for transaction processing. Describe this process.
Our Investment Manager Specialists work with each of their assigned managers to determine the
most efficient way to communicate trade data to Wells Fargo. Investment managers forward
trade instructions and information electronically to Wells Fargo, or phone information and
follow-up with faxes. Back-up personnel are cross trained and available at all times to ensure
immediate access by the investment managers.
n. Specify any hardware and software required of the City for on-line services.
We provide our clients with online products through the Internet. For example, our Trust
Portfolio Reporting product generates information and reporting in an Intemet-based (or client
server) environment. Clients access Trust Portfolio Reporting from their PC through the use of
their Internet browser, so no software, upgrades or system support is required. Any hardware
required to operate via this platform must be purchased by the customer.
Specifications pertaining to our Internet -based online products are included below:
➢ PC equipped with standard browser - Internet Explorer 5.01, Netscape Navigator 4.08 or
Communicator 4.6 - or higher and 128 bit encryption plus Adobe Acrobat 4.05b or higher for
PDF formats.
➢ Account with Internet Service Provider (ISP) or LAN connection to corporate Internet
service.
➢ 28.8 baud or faster modem and phone line if not connected through LAN.
Institutional Trust & Custody Page 64
Response to Request For Proposal -
CITY OF FORT COLLINS RFRP-807 October 71, 2007
16. Auditing Procedures
a. Describe your daily and periodic auditing procedures for both internal and external
processes. Will the City have access to audit information?
Internal
An electronic client profile is filled out for every customer, which details structure of Trust,
managers, cash procedures, authorized parties, statement timing and other specifics to the
account. Changes communicated by the client in strategy or procedures are then communicated to
all members of the team immediately and the client's profile is updated.
The Bank's trust activities are overseen by the Trust Oversight Committee (TOC) of the Board of
Directors. TOC, in turn, has established seven committees to oversee the Banes different trust
activities. Each committee is charged with establishing overall policy and monitoring the trust
activities under its oversight.
Trust activities are conducted in accordance with established policy and procedural guides, which
have been adopted by the Trust Oversight Committee and are periodically updated. The
responsibilities are allocated among personnel so as to segregate the following functions:
input/processing of transactions, custody of assets, and reconcilement activities.
Each division manager is responsible for adherence to trust policies and procedures within their
own area and are held accountable to the provisions of the Trust Business Manual that apply to
their areas. In addition, Trust Control provides reconcilements and management reports to
division managers and the Vice President of Trust Asset Services. Items aged over standard are
escalated through the management chain until cleared. Summary management reports are
prepared monthly; detail management reports and aging reports are available daily online.
Trust activities are subject to a continuous internal audit program, which is reported to both the
Audit Committee and the Board of Directors. The program is designed to evaluate compliance
with the Bank's policies and procedures in the Trust Business Manual and laws and regulations to
which the Bank is subject. The program also addresses the soundness and adequacy of
accounting, operating and administrative controls related to Trust Asset Services.
The Bank has specified its control objectives and identified its policies and procedures to achieve
those objectives for trust asset services. For each objective there is an indication of control
policies and procedures which are designed to achieve the stated control objective. The matrices
documenting the control objectives, policies and procedures and tests of operating effective are:
1) Trade Executive and Settlement
2) Safekeeping and Reconciliation
3) Income Collection and Corporate Actions.
External
Wells Fargo & Company is subject to an annual audit by KPMG Peat Marwick (Our audits are
Tier II) as well as the periodic review of the Federal Bank regulators and the Office of the
Comptroller of the Currency (OCC). A copy of our most recent audit report (KPMG report) is
included along with this proposal. This report contains information pertaining to any issues raised
during the audit process and the actions taken as a result.
In addition, an annual internal audit is conducted by Wells Fargo Audit, Inc., a separate
subsidiary of Wells Fargo & Company.
Institutional Trust & Custody Page 65
Response to Request For Proposal -
CITY OF FORT COLLINS RFP P-807 October I$100I
b. Would the City's accounting reports be audited for accuracy before submission to the City?
Describe this process.
Yes, the accounting reports would be reviewed for accuracy before submission to the City.
Because we know and work with our clients, we can create the right mix of services and products
to meet your needs. Because of our technology and our service team approach, we can deliver
those services and products consistently, on -time and with assured quality. The Wells Fargo
service team assigned to service your relationship will take the time prior to conversion to
determine your exact reporting needs, and the timelines that need to be met to satisfy your
requirements. Upon determining your exact requirements, we will package our services around
those specific needs.
Institutional Trust & Custody has a tightly controlled audit process for producing Accounting
and Performance reports. The coordinated efforts of the Relationship Manager, Administrator,
and Accountant ensure the highest degree of accuracy.
In conjunction with the delivery of Performance Measurement and Enhanced Accounting and
Reporting, multiple system edits and exception reports are generated daily and during the month -
end review process. In addition to these reports, the Service Team Accountant works from a
detailed checklist in the review of transaction detail, pricing and accrual information prior to
statement generation.
Following is a condensed display of the review tools we have developed.
Daily Accomatimi Checklist: Exception Reports & Online Transaction Reviews:
-'Correct any out -of -balance conditions P Group
✓Confine cash balances itrOnline processing of exception transactions
Position Discrepancy Report - out of balance conditions.
0/71ransaction Analysis Reports
Month-endAccounttne Checklist
✓Compare market value changes
✓Verify interfund transfers
-'Audit for proper transaction categorization
✓Review accruals
✓Compare cost and market values
✓Verify all assets are priced
✓Verify yields on fixed income securities
✓Verify security set up information.
-'Verily valid broker names/numbers
✓Research pending trade exceptions
✓Verify ending/beginning balances
Accountine Spstem Revordne.
2- Crouo
P3Review Earned income Audit-
EYPrice Comparison and Review
Institutional Trust & Custody Page 66
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 72,1001
17. Back-up and Disaster Plans
a. It is imperative that the City have access to its financial assets in case of a disaster. Describe
your disaster and back-up plan and capabilities including data processing systems,
telephone access, system security controls, and customer identity controls.
Wells Fargo and SEI are contracted with SunGard, one of the nation's most experienced suppliers
of commercial disaster recovery services. SunGard's Recovery Megacenter offers the most
comprehensive solution of concepts and services, including computer systems,
telecommunications and support systems to meet the specific requirements of SEI's Disaster
Recovery Plan.
The SEI system is backed up 3 times each day. These tapes are stored in a secure environment
off -site. Nightly backups are also stored off -site. In addition, the "end of day" backup is also
stored in a readily available database for quick recovery if necessary.
Our internal system is backed up each night, as well. Hot -site backup is provided by Comdisco
Disaster Recovery Services. Source and object codes are protected by Panvalet and Panexec.
With computer sites located nationwide, SunGard provides alternative resources. We incorporate
SunGard's offering of both "hot -site" and "cold -site" services. The hot -site facility consists of a
standby computer complex with multiple processors, disk storage devices, tape,
telecommunications equipment and print capabilities which can be used for up to 6 weeks. The
cold -site provides the already prepared facility in which computer hardware could be placed in
service, should we require more than six weeks to recover from a disaster.
As a core system vendor, SEI provides Wells Fargo with the following resources
➢ Full time disaster recovery focus
➢ Data Back-up and Safekeeping
➢ Risk assessment preventative measures
➢ A continually refined plan
➢ Pre -defined network for ready subscriber connectivity to the recovery site
➢ Recovery site with comparable standby computer equipment
➢ Recovery process based on proven strategies
➢ Demonstrated results through extensive semi-annual testing
➢ Regulatory compliance and proven solutions for audit requirements
➢ Opportunity for client participation in recovery testing exercises
➢ Restoration of essential product line within 48 hours of disaster declaration
In addition to our disaster recovery contingency plans, individual business lines also maintain
business interruption plans to continue service on a manual basis for short-term system downtime
situations. Our system has experienced minimal down -time, with online and batch availability
averaging 99.5%. Each year two full-scale disaster recovery tests are conducted for all
applications and operating systems throughout Wells Fargo at our off -site hot -site location. Our
recovery goal is thirty hours for all systems. We have successfully achieved full recovery of all
applications on a consistent basis.
Institutional Trust & Custody Page 67
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober72,2001
Wells Fargo, formerly Norwest was one of the first institutions to have a formal disaster recovery
plan. That plan was put to a real world the test on November 24, 1982, with the burning down of
the Norwest head quarters and trust offices. The disaster recovery plan was implemented and
Norwest was operating at full scale after one business day. This plan became the model and basis
for most major corporations and banks across the United States.
b. How often is the plan tested?
Each year two full-scale disaster recovery tests are conducted for all applications and operating
systems throughout Wells Fargo. We have successfully achieved full recovery of the applications
on a consistent basis. The last test was completed on 06/17/01.
C. Has this plan had to be used within the past three years.
No, we have not had to use our disaster recovery plan within the past three years.
18. Conversion
a. Describe your approach to the implementation and conversion process as City assets are
moved to the Provider. Include an estimated conversion calendar.
Historically, we have determined that the high quality of our client relationship is established
during conversion. Therefore, Wells Fargo employs a specialized Transition Team, coordinated
by the Relationship Manager and led by a Transition Manager, to oversee all activity throughout
the conversion process. Wells Fargo coordinates all aspects of the conversion, minimizing the
administrative burden on the client and maintaining control of the process.
Transition to Wells Fargo takes place according to a thoroughly tested conversion plan. Rarely is
there a need to suspend trading activity, nor will there be any income or maturity collection
problems. On start date, assets are posted, accounts balanced, pending trades posted and income
collected.
Wells Fargo develops a client -specific plan and task checklist with the client. The actual
timeframe of a new conversion may vary from the standard table presented. Wells Fargo
provides clients a detailed conversion checklist, complete with information on all the steps of the
conversion.
Institutional Trust & 0tstody Page 68
Response to Request For Proposal.
CITY OF FORT COLLINS RFRP-807 October 12, 2001
A standard conversion timetable follows:
1.
Finalize Selection of Wells Fargo
--__ nt
1.1
Name Wells Fargo successor Master Trustee/Custodum
Phase 1
1.2
Notify prior trustee/custodian of decision
Phase I
1.3
Identify contacts at prior trustee/custodian responsible for conversion
phase 1
2.
Document Analysis
Wells Fargotaieat
2.1
Review plan documents
Phase 1
2.2
Execute Master Trust/Custodial Agreement
Phase t
2.3
Review Investment Manager Agreements
Phase 1
3.
Pensioner Conversion
Wells Fargo/Client
3.1
Obtain pensioner info from prim trustee
Phase 1
3.2
Verify data is accurate
Phase 1
3.3
Develop communication for pensioners
Phase l
4.
Plan Conversion
Wells Fargo
4.1
Obtain list of assets from prior trustee/custodian, complete with asset location
Phase 2
4.2
Review asset holdings and location
Phase 2
4.3
Provide appropriate transfer instructions
Phase 2
4.4
Develop and agree to detailed tasks and delivery dates
Phase 2
5.
Identify Specific Information Needs of Client Personnel
Wells Fargo/Client
5.1
Meet with client to view conversion plan and ongoing proms
Phase 2
5.2
Establish frequency and reporting options
Phase 2
5.3
Identify report recipients
Phase 2
5.4
Install ACCsss modules; conduct training
Phi 2
6.
Establish Detailed Operating Procedures
Wells Fargo
6.1
Deliver instructions to outside investment managers
phi 2
6.2
Communicate effective date for change in trading
Phase 2
6.3
Establish report generation and delivery
Phase 2
6.4
Define customized file transfer reeds
Phase 2
7.
Automate Transfer of Assets
Wells Fargo
7.1
Work with prim trustee/custodian to automate asset transfer
Phase 3
7.2
Establish reconcilement procedures to ensure clean transfer
Phase 3
S.
Review Conversion Status
Wells Fargo/Client
8.1
Review status of task completion against plan dates; review open issues
Phase 3
8.2
Resolve open issues prior to conversion
Phase 3
9.
Execute Transfer of Accounts
Wells Fargo
9.1
Transfer DTC eligible issues via "night drop"
Phase 3
9.2
Transfer other securities
Phase 3
9.3
Transfer cash
Phase 3
10. Issue Initial Pension Checks With Communication Wells Fargo
11.
Monitor Accounts Closely to Ensure Conversion Success
Wells Fargo
11.1
Ensure proper receipt, set-up and collection of income
Phase 4
11.2
Claim prim bustea/custedian for items not received directly
Phase 4
12.
Review Conversion
Wells Fargu/Client
12.1
Review conversion process to ensure client's satisfaction
Phase 4
Institutional Trust & Custody Page 69
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
The Transition Manager schedules time prior to and during the conversion to review and monitor
the transition to Wells Fargo. This forum provides the opportunity to discuss daily work flows
and information needs. We develop a detailed list of procedures for documentation and
implementation, and adapt our processing to the client's system whenever possible.
Wells Fargo takes responsibility for trades on or after the date of conversion. Also, we obtain
appropriate reports and any pending corporate action information from the prior custodian,
ensuring accounts are credited funds in a timely manner.
The Relationship Manager spearheads conversion, assisted by the Transition Manager, and if
applicable, Client Service Consultant, Accountant and Systems Technician. The team oversees
the account set-up, asset transfers, income collection, performance history back -loading, and
systems set up of the transition. Functions of each member of the conversion team follow:
Transition Manager. Serves as the focal point for the conversion and is responsible for the
control and coordination of the conversion. They facilitate the transfer of assets from the prior
custodian and coordinate with our operations department, reporting back to the client as to the
progress and issues of each step of the conversion. This position holds responsibility for
overseeing the asset transfer and income collection processes during the transition. They will
also be responsible for cash management during this process. Reconciliation of assets received
and income received will be done on a daily basis during conversion and progress will be
reviewed.
Relationship Manager: Directly oversees the set up of accounts, account structure, review of
documentation, operational functions and peripheral products required to service the account, and
report back to the client as to the progress and issues of each step of the conversion. They work
with the client and Service Team to establish the structure of the relationship and the specific
reporting and performance measurement requirements.
Client Service Consultant. Involved in the conversion meetings and will be the main contact for
any daily activity after the conversion.
Accountant: Responsible for the initial accrual set up and maintenance of client's account. They
will report back to the Relationship Manager weekly with any outstanding issues relating to the
conversion. Ongoing, they will produce client's monthly accounting reports.
Technical Analyst. Responsible for back -loading all performance information onto our system,
setting up the performance reporting function for the client per Relationship Manager's direction,
and processing the client's monthly performance reports.
b. What resources will be dedicated to the conversion effort?
As mentioned earlier, Wells Fargo employs a Transition Team of highly specialized staff
members, led by a Transition Manager. The Relationship Manager spearheads conversion,
assisted by the Transition Manager, and if applicable, the Account Administrator, Accountant and
Technical Analyst assigned to your Service Team. The Team performs account setups, asset
transfers and re -registration, pending trades and accrued income collection, performance history
back -loading, pension payment recipient input and systems setup for the transition. Our
successful track record has affirmed our abilities to minimize the majority of most conversion
issues and make the conversion as minimal an event as possible for our clients.
Institutional Trust & Custody Page 70
Response to Request For Proposal -
CITY OF FORT COLLINS RFP P-807 October 12, 2001
C. What controls are suggested for this period?
The Transition Manager coordinates and monitors the status of the conversion daily. Meetings
are held frequently with team members and status is reported back to the client routinely. The
key to a successful conversion is continued on -going communications with all effected parties.
The client -speck conversion checklist will be updated weekly and shared with the client to
provide current information on the conversion status.
d. What type and level of City involvement do you foresee in the process?
The client will need to provide Wells Fargo with the following information during transition:
➢ List of your investment managers, their addresses, primary contact and phone number
➢ Name, address, and phone number of contact at former custodian
➢ List of authorized signers for transfers and trade instructions
➢ List of the Assets
➢ Communication of trades and changes in assets prior to conversion
➢ Provide any legal documentation that may be required
Wells Fargo coordinates all aspects of the conversion, minimizing the administrative burden on
the client and maintaining control of the process.
e. What training is offered to the City during transition?
The Transition Manager, Relationship Manager, Administrator and other team members will
communicate with the client both during and after conversion. This ensures a smooth transition
and ample time to train the client's staff on daily operational and online procedures.
Additionally, a Customer Operations and Procedures manual is provided for the client's use.
f. What is the relationship between the transition team and the permanent support staff.
What role will the account executive play in the conversion?
Your Transition Manager works closely with the Service Team in order to establish and maintain
our high quality client relationship.
The Relationship Managers (account executives) directly oversees the set up of accounts, account
structure, review of documentation, operational functions and peripheral products required to
service the account, and report back to the client as to the progress and issues of each step of the
conversion. They work with the client and Service Team to establish the structure of the
relationship and the specific reporting and performance measurement requirements.
Institutional Trust & Custody Page 71
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
g. What costs are associated with the conversion? List all types and charges on Exhibit B.
No transaction fee would be assessed for the initial transfer of securities during the conversion
process. There are no other fees related to conversion.
h. Will the Provider defray any costs the City may incur from the present cnstodian(s) for
transferring assets?
Wells Fargo will not defray any costs incurred by the City's from previous custodian.
Institutional Trust & Custody page 72
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Oclober 12,1001
A. General Service Requirements and Overview
1. Safety of City assets is the highest priority under this contract. As the City's custodian, the
Provider will be acting as a fiduciary agent of City. State the Provider's general philosophy
on the safeguarding of public assets in this capacity.
At Wells Fargo, the safety and soundness of our custodial customers assets, especially those in
the public sector, is of the utmost importance to us in the performance of our duties. With over
$450 billion of assets held in accounts corporation wide, we take the attendant responsibilities
very seriously.
All Wells Fargo trust and custodial assets are held at the appropriate depository in specifically
segregated accounts in the name of the Trust Department or its nominee name from the assets of
Wells Fargo Bank Minnesota and are appropriately identified on our books so that each customer
is protected.
Wells Fargo is specifically required by Federal Reserve Bank regulations to collateralize all
uninvested trust cash positions. We do so by maintaining a pledge of governmental securities at
the Minneapolis Federal Reserve that is reviewed each day for adequacy. These securities are
specifically segregated from the assets of Wells Fargo Bank Minnesota at the Fed so that in a
situation of insolvency, the assets will revert to the customer. However, with the selection of the
sweep mechanism using a money market fund, uninvested cash positions would be minimized.
We have made significant investments in systems and people to ensure that we have the most
highly controlled processing environment and the best -trained people in the industry. Wells
Fargo has made the ongoing commitment to be an industry leader in the area of custodial
services. We plan to continue with an aggressive level of investment in our custody businesses to
ensure that we can offer premium quality service, state-of-the-art systems offering a high degree
of feature and functionality, and a knowledgeable staff that will proactively work with you to
keep you abreast of emerging market trends as well as to resolve current account issues.
We have extensive experience servicing clients in the public sector for a number of years. We
currently service 93 public sector clients with a total market value of $26 billion. Wells Fargo
has the diversification, industry knowledge, experience, technological capabilities, and value-
added products and services to provide the "best' total package of services to our public sector
clients.
Institutional Trust & Custody Page 1
Response to Request For Proposd-
CITYOF FORT COLLINS RFP-P-807 October 12, 2001
E. Optional Services
1. Subsequently Added Services
It is the intent of the City to pay for all services on a fee basis. If new services become
available and are provided during the period of this contract, how will the City be charged?
Describe your policy on subsequently added services.
All subsequently added new services will be negotiated with the City as to a fee commensurate
with the service prior to that service being provided to the City.
2. US Treasury Auctions
During the course of the contract the City may wish to take advantage of the US Treasury's
Automated Auction Bidding for Institutional Investors. Since this requires electronic bid
submission and FedLine connections, the proposal should state whether the Provider
currently has, or plans to have, the capability to handle such transactions.
We presently do not offer this service or have any immediate plans to do so in the future.
3. Computer Terminal Link
Should services provided by the Provider require a computer terminal for inquiry and
updates (not available through a personal computer), the City would request that two
terminals be provided by the Provider for the City's Treasury and Accounting
Departments. Provide a full explanation and cost estimate. Specify systems requirements
and costs.
Our Internet based information products should not create the need for the City to purchase any
new hardware and only requires the City to have Internet access capabilities through its existing
personal computers. Wells Fargo does routinely provide hardware to its customers and would not
in this case.
Institutlond Trust & Custody Page 73
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
4. Securities Lending
The City may elect to do securities lending transactions with other institutions.
a. Do you provide securities lending? If so, describe your program and the services provided.
What differentiates your program from others?
Securities Lending Overview
Wells Fargo provides institutional clients the opportunity to increase
portfolio return and offset custody fees by participating in one of the most
stable and successful internally managed securities lending programs in
the industry. Our in-house lending program has been in operation since
1982. Lending programs for equities, U.S. Governments and corporate
bonds were initiated at inception. Wells Fargo's global lending was
initiated in 1994. The Wells Fargo Securities Lending program may also
be used for lending clients' portfolios in a third party arrangement. Wells
Fargo's historical performance reflects the quality of our borrower
network and our expertise in collateral management. Our portfolio
available for lending averages $38+ billion and we have 94 clients
participating in the program. The quality returns we offer clients are
attributed to a number of factors including:
Established Presence
Wells Fargo recognizes this business is relationship driven, and our professionals enjoy long-
standing relationships with many prominent borrowers in the industry. We aggressively
market our portfolio to our borrower network, and we have developed niches by providing
borrowers with access to securities on which our competitors do not concentrate.
On -Loan Advantage
Industry studies show that super -regional providers like Wells Fargo, with average on -loan
balances of $4-10 billion, significantly outperform on -loan ratios compared to larger
programs. This translates into higher earnings for our clients. With an average balance of
$38+ billion available for lending in our program, Wells Fargo is better positioned as a mid -
tier and specialized lender with a smaller client base. The result: we are a better provider of
securities lending services to our clients.
Wells Fargo clearly has the advantage over other larger securities lending agents. For
example, in lending domestic equities, we lend 27% compared to the industry average of 7%,
for the 1" quarter of 2001. Why?
➢ Aggressive marketing of the portfolio to our borrower network.
➢ A larger percentage of the portfolios are in term trades.
➢ We actively develop strong borrower relationships.
➢ Smaller base of clients
Institutional Trust & Custody Page 74
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 Odober 12, 2001
Wells Fargo offers clients a distinct advantage compared to larger lending programs because
our program participants share the opportunity to loan securities equally. A client enjoys the
profitable advantage of coming up in the queue more often and obtaining higher returns on
loans. Bid experience shows we out -quote other providers and consistently achieve or exceed
revenue estimates.
Wells Fargo vs. Industry
Lending Performance 2nd Quarter 2001
100%
80°h'
0 60,E
t
J
O 40%
20°h
P
0%
U.S. Treasuries U.S. Agencies U.S. U.S. Corporate
Equities(includes
ADRs)
The Wells Fargo Securities Lending program continues to grow through expansion of our
team of securities lending professionals, and upgrades to our technology and reporting
capabilities. Current plans are to expand our automated borrowing system with our broker
network and provide a more robust Web -based reporting package for our clients.
Global Lending
Wells Fargo offers global securities lending through our global sub -custodian. Our global
sub -custodian negotiates the loans and delivers the securities; Wells Fargo manages the cash
collateral investment. Our global sub -custodians' extensive investment activity in foreign
markets has produced long-term, established relationships with borrowers. This enables us to
offer our clients the highest potential returns and on -loan ratios possible in the markets
served, while minimizing risk
Loans are collateralized at 105% of the market value plus accrued interest, and are marked -
to -market daily. Collateral accepted is limited to U.S. dollars, utilizing our domestic
program's investment guidelines.
Institutional Trust & Custody Page 75
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 72,1001
Outstanding Balances
As of August 2001, the average available balances and loans outstanding were as follows:
Treasuries
Agencies/
Equities
Corporates
Non-U.S.
Totals/Avg
GNMA
Equities
Available
$2,491 mil
$4,471 mil
$19,934 mil
$8,522 mil
$832 mil
$36.250 mil
BaL
Average
$2,332 mil
$1,987 mil
$4,946 mil
$573 mil
$65 mil
$9,903 mil
Loan
Balance
Percent on
94%
45%
25%
7%
8%
27%
Loan
b. Is the securities lending group in-house? A part of the custody operation?
Yes, Wells Fargo employees provide securities lending services as a service integrated with our
custody operations.
C. How long have you provided securities lending services?
Our in-house lending program has been in operation since 1982. Lending programs for equities,
U.S. Governments and corporate bonds were initiated at inception. Wells Fargo's global lending
was initiated in 1994.
d. If provided through a third party, identify the vendor, their split of revenues and the
residual percentage to the City. How long have you had this relationship?
Wells Fargo provides domestic securities lending services in-house.
Wells Fargo has offered global securities lending since 1994.Our global sub -custodian since
1999, Bank of New York negotiates the loans and delivers the securities while Wells Fargo
manages the cash collateral investment. Our revenue split (after payment of broker rebates) on
global securities lending is as follows: client 65%, BONY 25%, Wells Fargo 10%.
Institutional Trust & Custody Page 76
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 71,1001
e. How do you minimize the risk in securities lending?
Risk ManagententBorrower Credit Analysis
A critical factor in a successful securities lending program is managing
risk. Primarily, this involves adherence to strict credit guidelines and
criteria when determining to whom securities will be lent. Wells Fargo
leverages our own credit management skills, a key factor in our
corporate success, to assess credit worthiness of borrowers. Wells
Fargo deals with broker dealers on a regular basis and develops a
detailed understanding of how each operates. Eligibility is based on
sound business results and practices as reflected in audited financial
statements, focus reports, agency ratings and analysis, and regular
interviews with management.
On a monthly basis, or more often as situations arise, our Capital Markets Credit Management
group reviews the borrowers. Our Financial Institutions Exposure Committee reviews them
semi-annually. The review process involves rigorous analysis of the brokers' financial results,
business prospects, and industry quality ratings. Individual lines are established for each borrower
based on these analyses.
A diagram outlining risks and Wells Fargo's safeguards is included below.
Risks Safeguards
Institutional Trust & Custody Page 77
Response to Request For Proposal -
CITY OF FORT COLLINS RFRP-807 Odober 12,1001
Sur —
Our credit management practices have earned Wells Fargo a reputation for being conservative.
These practices became public record, the first time, when we eliminated Drexel Burnham
Lambert from our Securities Lending Program eighteen months prior to their bankruptcy. Most
recently, Wells Fargo restricted various Japanese brokers from the approved borrower list as that
sector of the brokerage community underwent financial difficulty. Wells Fargo has never
experienced a borrower default in administering its securities lending program. Wells Fargo has
successfully restricted or eliminated any borrower who may have had financial difficulty in the
past.
Interest Rate Sensitivity Analysis
The overnight collateral reinvestment pools are managed with a high degree of liquidity. Typical
average maturities range from 9 to 25 days with duration near zero. The primary determinant of
the portfolio average maturity is the forecasted need for liquidity. The overnight funds portion of
the portfolio is targeted at a 20% minimum and may be as high as 50% liquidity approaching
critical financial periods.
We employ a proprietary liquidity model based on analysis of historical cash flow patterns
through varying interest rate and yield curve environments. Our reinvestment strategy is to
maintain high quality, liquid portfolios. Maturities are targeted in the calendar periods where our
models predict a need for above average liquidity. In addition, we employ weekly manual pricing
of the portfolio assets, along with weekly NAV stress testing. We utilize duration matched and
duration mismatched strategies based on the clients risk profile, the clients investment guidelines,
any regulatory or legal constraints, and the clients direction.
Provide a list of borrowers with whom the Provider works and a copy of the current
collateral contract.
Current Borrowers
Our current approved listing of brokers, which may be modified according to each client's
preference, is:
ABN Amro Inc./ABN Amro Sage Corp.
ABN Amro Securities LLC (ING Barings, LLC)
Alpine & Associates LP
BNP Paribas Corporation
Banc ofAmerica Securities LLC
Barclays Capital Inc.
Bear Stearns & Co. Inc.
CIBC World Markets Corp.
Citadel Trading Group LLC
Credit Suisse First Boston Corp./Donaldson,
Lufkin & Jenrette Securities Corp. (Pershing)
Dain Rauscher Inc.
Deutsche Bank Alex Brown LLC
First Union National Bank/First Union
Securities Inc.
Fleet Securities Inc. (U.S. Clearing)
Goldman Sachs & Co.
Greenwich Capital Markets Inc.
HSBC Securities USA, Inc
J P. Morgan Securities Inc. (Chase)
Jeffries & Co., Inc.
Legg Mason Wood Walker Inc.
Lehman Brothers Inc
Lipper Convertibles LP
Maple Securities USA Inc.
Merrill Lynch & Co. Inc.
Morgan Stanley & COIMS Securities
Services Inc.
Nomura Securities International, Inc.
Paloma Securities LLC
Prudential Securities Inc.
RBC Dominion Securities Corp
Salomon Smith Barney Inc.
SG Cowen Securities Corp.
U.S. Bancorp Piper JaJfroy Inc.
UBS Warburg LLC /PaineWebber Inc
Wesideutsche Landesbank Girozentrale NY
Institutional Trust & Custody Page 78
Response to Request For Proposal.
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
g. How many institutional custodial clients currently use the securities lending services?
(Identify public versus private.)
As of August 31, 2001, the Wells Fargo Securities Lending program had 94 custody clients
participating in its agent securities lending program. The list of custody clients is comprised of
the following:
Pension
19
Insurance
Companies
13
Taft -Hartley
10
Corporations
8
Public
Funds/Entities
7
Foundations and
Endowments
14
Funds
15
Wealthy Families
8
Total
94
h. How often is the creditworthiness of borrowers reviewed?
Broker Selection
On a monthly basis, or more often as situations arise, our Securities Lending Risk Committee
Management group reviews the borrowers. Credit analyses and reviews are performed monthly
by the Capital Markets Credit Management group and semi-annually by the corporation's
Financial Institutions Exposure Committee.
Describe the type of securities in the program.
Our investment guidelines require collateral to be invested in high quality government and
corporate instruments managed according to written standards
Insdtudonal Trust d Custody Page 79
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CITY OF FORT COLLINS RFRP-807 October 11, 2001
j. Do you mark -to -market daily? h collateral adequacy monitored daily?
Mark -to -market Policy
Yes, we maintain a daily mark -to -market program. All of our domestic loans are initially and
individually collateralized at 102% of the market value plus accrued interest. Equity and
corporate bond loans are marked to market daily to 102% plus accrued interest and rounded to the
greater whole dollar price. U. S. government and agency loans are marked to market when they
reach the threshold of 100% plus accrued interest and are marked to the nearest eighth. The loans
are systematically marked to these parameters each day given the closing prices of the previous
day and the collateral levels on each loan are adjusted accordingly. This assures a minimum of
100% market value plus accrued interest collateralization throughout the life of the loan.
International loans are collateralized at 105% of market value plus accrued interest and are
marked to market each day. Collateral consists of cash, government securities or irrevocable
letters of credit. All international loans are settled with U.S. dollar collateral.
k. How is cash collateral invested?
Collateral Investment Policies/Guldelines
The Securities Lending Portfolio Manager who is a Certified Financial Analyst (CFA) performs
the investment of the cash collateral daily. The Portfolio Manager is an integral part of the
securities lending function in that he is in tune with the lending side of that transaction as well as
the investment side of the transaction. Investment of cash collateral is made in accordance with
individual clients' account guidelines and an investment policy that focuses on 2A-7 type money
market securities emphasizing safety of principal and liquidity. Wells Fargo is known nationally
for our short-term investment capabilities, and utilize this expertise in the management of the
collateral portfolio to increase returns to program participants.
Wells Fargo currently manages 15 different collateral portfolios. Our Business Trust and Main
Matched Pool are used by over 70% of our clients. Wells Fargo allows larger securities lending
participants to set up separate pools to accommodate their specific investment restrictions, when
necessary. We currently run four client -specific pools.
As of August 31, 2001, the Business Trust and Main Matched Pool totaled $4.5 billion. There are
currently 15 cash collateral pools utilized by our total client base, both on a separately managed
basis, and on a commingled pool basis. The average daily balance of loans outstanding for
August 2001 was $9.8 billion.
Provide a copy of all transaction and income reports. Describe the on-line reporting
availability for securities lending.
The Securities Lending report package, both daily and monthly, accounts for each fund and their
lending activity separately. The package includes each activity for each loan throughout the
month. It also provides cumulative monthly revenue on the combined account relationship and
performance numbers related to the security lending activity by asset sector. For public entities
needing GASB reporting, the GASB reporting package also segregates by fund. Please see the
enclosed Securities Lending monthly reporting package.
Institutional Trust R Custody Page 80
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CITY OF FORT COLLINS RFP-P-807 October 11, 2001
In July, we began offering the Broker Allocation Report on our Internet -based product, Wells
Net. In August, we added the Daily Loan Outstandings Report to this delivery channel. A more
robust securities lending information delivery system is planned for implementation in 2001,
through the Internet via Wells Fargo's Commercial Electronic Office (CEO). This service will
reside outside of Wells Net, and will incorporate all loan, collateral, and performance data related
to a client's securities lending program.
M. Can assets be designated as available for different sector types and varying time frames?
Assets may be restricted from the lending program on a temporary or permanent base.
n. Are loaned securities flagged on the custody reports for client identification?
The securities lending DML system is directly linked with our core securities processing system,
allowing for the automated delivery and tracking of securities on -loan. As clients receive a
separate report each month from Wells Fargo showing the loans transacted during the month and
the earnings attributed to each, our monthly custody reports do not include securities lending
activity.
o. To what degree are the securities lending clients insured against losses in the program?
Indemnity
Wells Fargo offers indemnification against broker default on our securities lending program. No
indemnification is offered on collateral investment. Indemnification language is as follows in our
Agreement with client participants:
Risk of Loss
If the Borrower defaults upon return of the lent security, as provided in the Borrower
Securities Loan Agreement, the Participant, or the Bank if authorized, may purchase
securities identical to the borrowed securities (or their equivalent in the event of
reorganization, recapitalization or merger of the issuer of the borrowed security) and may
apply the collateral to the payment of the purchase price, expenses and other obligations
under the Borrower Securities Loan Agreement. In the event that the Borrower fails to
return the lent security, the Bank will indemnify the Participants' accounts in the following
amounts:
a. The difference between the closing market value of the security on the date it
should have been returned to the account and the cash collateral substituted for the lent
securities, or
b. In the case of collateral received in kind, the difference between the closing market
value of the security on the date it should have been returned to the account and the closing
market value of the collateral in kind on the same date.
Participant assumes all risk of loss arising out of collateral investment and any resulting
collateral deficiencies. The Bank expressly assumes the risk of loss arising from negligent
or fraudulent operation of its Securities Lending Program.
Institutional Trust A Custody Page 81
Response to Request For Proposal.
CITY OF FORT COLLINS RFRP-807 October 72,1001
P. On the City's portfolio provided as part of this RFP, what incremental revenues (in basis
points per annum) could be expected in a year? Do you guarantee income?
Please see attached revenue projection. We do not guarantee the income.
5. Investment Management
a. What investment management services do you provide?
Wells Fargo has a broad range of investment management services available to its clients from
passive to active management to mutual/money market funds to short -medium -long term fixed
and equity money management to specialized investment management to name a few. Various
competitive Wells Fargo money market, mutual and collective trust funds (for qualified
retirement plan assets only) are available for the City use. Specific details and presentations can
be provided upon the City's request.
b. Does the Provider act as third party custodian for existing repurchase agreement programs
with multiple primary dealers which allows on-line rate inquiry and transaction
processing?
At this time we do not provide this service.
6. Performance Management
a. Does the Provider provide portfolio performance measurement? What are the
performance products available? What portion of these services are available on-line?
What are the advantages of using your performance management services?
Wells Fargo's performance measurement and analytics provides comprehensive reporting to meet
clients' needs including enhanced accounting and reporting capabilities plus flexible Internet
access to the information. Wells Fargo provides AIMR and GIPS compliant performance
information at the total account, asset class, sector, and security level utilizing industry standard
calculation methodology. Any combination of time periods or account groupings can be
measured against over 100 standard and custom indices. Additional custom benchmarks can be
constructed to accommodate any type of investment policy. Our Investment Performance reports
provide standard and customized benchmarking, flexible categorization, and extensive detail.
Several customizable reporting options are available to meet clients' needs. Historical data can be
back -loaded to provide inception -to -date performance measurement. We are also one of a select
number of vendors whose service teams produce both financial accounting and performance
measurement reports. Our "hands-on" approach ensures consistent, accurate, and timely
reporting.
Institutional Trust & Custody Page 82
Response to Request For Proposal -
CITY OF FORT COLLINS RFP.P407 October 12, 2001
2. The City anticipates that it will establish a cash account with the Provider to fund purchase
of securities or accept credit from sale or interest of securities. The City may also transfer
funds on settlement day for all security deliveries. All deliveries will be made delivery
versus payment (DVP). On the sale or maturity of a security, funds would normally be held
in the cash account for reinvestment by the City. In the normal course of business, should
there be delays or fails on the deliveries, funds may be left in the cash account for an
unspecified period of time. This cash account would be maintained by the Provider and
must have the capability to be automatically swept into an authorized investment vehicle
(approved money market fund). (Specific sweep options are required in III.D.11).
Since City funds must be collateralized, insured or invested, the proposal must describe the
general flow of funds anticipated and how those funds would be collateralized, insured or
invested.
Securities used as pledged collateral for deposits must be held in an independent third -party
entity not within the same bank holding company. If collateral is pledged, the Provider will
execute a tri-party safekeeping agreement with the City and the Safekeeping Bank for
safekeeping of these collateral securities, as applicable. Please state the third -party bank to
be used in such a situation.
Wells Fargo will maintain the appropriate accounts to handle the transactional responsibilities of
this relationship. Accounts will be setup with an automated money market sweep vehicle
capability subject to your specific authorization and direction. Use of these vehicles ensures that
the accounts uninvested cash balances will be minimal, if all trade communication deadlines are
met.
On an ongoing basis, there will be a variety of sources and uses of the assets in the accounts. It is
our intention to handle all cash sources including wire, ACH, and check deposits as well as
securities related activities including dividends, interest, calls, maturities, principal paydowns,
and sale proceeds. We will also handle all cash uses including requested wire, ACH, and check
issuance, as well as purchase outflows and periodic fee payments.
These accounts will serve as the concentration and control mechanism for all of your treasury
activities. The monthly statement will serve as a permanent record of all investment and working
capital management transactions for the city. Activity will also be able to be viewed over the
Internet through our Trust Portfolio information product.
Wells Fargo is specifically required by Federal Reserve Bank regulations to collateralize all
uninvested trust cash positions. We do so by maintaining a pledge of governmental securities at
the Minneapolis Federal Reserve that is reviewed each day for adequacy. These securities are
specifically segregated from the assets of Wells Fargot Bank Minnesota at the Fed so that in a
situation of insolvency, the assets will revert to the customer. However, with the selection of the
sweep mechanism using a money market fund, uninvested cash positions would be minimized.
Institutional Trust & Custody Page 2
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
Our enhanced performance measurement, attribution and analytics services capabilities include:
♦ Investment performance calculations daily, monthly and in the future intra-period
♦ Multi -currency calculations and reporting
♦ Returns calculated using multiple categorization within a single or group portfolio
♦ Industry standard market research characteristics for your portfolios and standard benchmarks will
be available
♦ Attribution including selection, weighting and currency impacts will be available later this year
♦ In 2001, complete domestic attribution analysis will be added to Enhanced Trust Reporting.
Our performance reports are available in hard copy format and will soon be available through our
new Intemet-based reporting product Enhanced Trust Reporting. We are currently piloting
Enhanced Trust Reporting to a group of client online users.
Descriptions of some of the online reports that will be available to clients using Enhanced Trust
Reporting are included below.
Client Consolidation
Report A breakdown by country and category of a client's accounts within a
consolidation
Global Review Displays the market value and rates of return for the current month for base,
local and currency. Each country containing investments is shown with its
detailed performance categories
Returns/Allocallon by
Category
The returns by category report allows clients to view beginning and ending
asset allocation for major asset classes. Rates of return for three time periods
are also provided.
Returns/Allocallon by
Country
This report will graph the beginning of the month and end of the month
allocation of the account by country. The base, local and currency returns for
the month are also displayed and graphed.
Security Detail
Performance Analysis
Provides information at the security level in a portfolio. Basic information
like beginning and ending shares market value and accrued income are shown
with summary transaction information. Contribution impact by security and
category are shown on the report for a user defined time period
Time Weighted
Rates of Return
For a selected account and valuation date, this report graphs the monthly rate
of return for Total Fund and primary categories. Up to five indices may be
shown on the report These benchmarks may vary by account. The quarterly
rate of return and the year-to-date return as of the valuation date are also
displayed for both the account and its indices.
Portfolio Attribution
(future report)
Attribution Analysis is a 2001 enhancement to our Investment Performance
reporting. Attribution can be calculated by security selection, currency,
market impact, and weighting.
Institutional Trust & Custody
Page 83
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
ff-
Online Enhanced Trust Reporting provides clients the capability to change time periods, indices,
and compile dynamic portfolios or market segments for return comparisons which can be used for
Board and internal staff presentations. Available information includes the following:
♦ Portfolio Returns (total fund, segment, sector)
♦ Combination Segments (combinations of segments)
♦ Consolidated Reporting (combinations of portfolios)
♦ Portfolio Summary (basic accounting and returns)
♦ Detail Security Review (asset lists, asset information)
♦ Security Research (security characteristics by sector)
b. What level of control on the reporting and options are available for this service?
Performance is calculated at the security, manager, country, asset class and total fund levels in
base and local currency. Our rollup reporting capabilities allow our clients to combine several
portfolios to provide consolidated reporting.
Please refer to the answer to question 6. a. for more details.
C. Can the program download to Excel? Other software applications.
Customers who subscribe to our online products can receive several custom reports online or
design their own custom reports and graphs in ExcelTM utilizing our Internet -based online
products. Pre -formatted daily portfolio and monthly financial and performance reports are
resident on the systems. Ad hoc reporting is also available. All of these reports can be saved by
the user for future use.
d. What training is available to the City in understanding your performance products?
The Relationship Manager will ensure that the proper resources are provided in training the City
in the use of and understanding of our performance measurement and enhanced accounting &
reporting products.
e. What costs are associated with these services?
The costs for performance measurement, the enhanced accounting and reporting platform and
Internet access through Enhanced Trust Reporting is $5,000 per account annually.
Institutional Trust & Custody Page 84
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P-807 October 12, 2001
F. Additional or Alternative Services
Any additional service or permissable alternatives to the required services, whether for
charge or no charge, should be specified under this section. If alternatives are offered on
services outlined above, please note the reference number from the RFP for the service.
Give a full description of the service along with all charges and detail charges on Exhibit B.
The volume for such transactions will be available upon written request.
Describe any service restrictions or limitations.
The short term management fee of 15 basis points is disclosed for use of Wells Fargo's STIF
Collective Trust Fund for qualified retirement plan assets. The fee is not calculated due to the
unknown balance and whether the City will take advantage of the use of this fund or has any
qualifying cash funds.
Wells Fargo's response assumes providing three custody accounts:
1) City investment portfolio
2) Pension portfolio
3) Collateral for self insurance reserve fund ($2mm)
The safekeeping of repo collateral does not require a separate additional account based on Wells
Fargo's internal process for repo settlement and tracking collateral maintenance at our account at
the Federal Reserve. The collateral for each repo is record kept and assigned on our books for the
benefit of the City in a similar manner as any other trust and custody asset we hold.
Institutional Twst R Custody Page 85
Response to Request For Proposal -
CITY OF FORT COLLINS RFP-P--807 October I2,1001
Section 5. Pricine Proposal
A. Basis of Compensation
a. Compensation will be on a fee basis with respect to the services used and detailed on
the account analysis. The Provider will be paid upon receipt and verification of the
account analysis maintenance report each month. If another payment schedule is
desired, proposal should so state the schedule and requirements of that proposal.
Fees are normally calculated and invoiced on a quarterly basis. This method would be
preferred, but is not mandatory.
b. Please state when the account analysis will be provided and provide a sample of the
proposed account analysis form.
Fee Invoice will be similar to the Fee Pro Forma that follows Exhibit B and will outline
all market value, account, transaction volume and other charges.
B. Exhibit B
Each proposal must include a completed Exhibit B which details all services and the fee to
be charged for each. Any additional services should also be stipulated on Exhibit B.
Exhibit B reflects the cost of our services with and without performance measurements
and enhanced accounting & reporting services.
The short term management fee of 15 basis points is disclosed for use of Wells Fargo's
STIF Collective Trust Fund for qualified retirement plan assets. The fee is not calculated
due to the unknown balance and whether the City will take advantage of the use of this
fund or has any qualifying cash funds.
Wells Fargo's response assumes providing three custody accounts:
1) City investment portfolio
2) Pension portfolio
3) Collateral for self insurance reserve fund ($2mm)
The safekeeping of repo collateral does not require a separate additional account based on
Wells Fargo's internal process for repo settlement and tracking collateral maintenance at
our account at the Federal Reserve. The collateral for each repo is record kept and
assigned on our books for the benefit of the City in a similar manner as any other trust
and custody asset we hold.
Following Exhibit B is the Fee Pro Forma and securities lending revenue estimate.
Institutional Trust R Custody Page 86
EXIMIT A
DEADLINE, CUTOFF AND NOTIFICATION TIMES
Purchase/
Receipt
SAME DAY TRANSACTIONS
Federal Reserve (FedWirc)
NY Physical - (Muni/Equities/Corporates)
NY Physical Money Markets (CP)
DTC
PTC
REGULAR SETTLEMENT (NEXT DAY/ CORPORATES -3 DAY)
Federal Reserve (FedWire)
NY Physical - (Muni/Equities/Corporates)
NY Physical Money Markets (CP)
DTC
PTC
State any exemptions, restrictions or limitations on these deadlines below.
Sale/
Delivery
Trade instructions and deadlines of settlements vary by security type. The Customer Operations Manual
available to investment managers and clients' staff, provides information on Wells Fargo contacts, trade
communication and settlement instructions, cut-off times, money movement, short-term cash
management and income collection standards information, as well as capital actions and reorganization
policies.
Our deadlines (CST) are as follows:
DTC & Fed BE
Fed BE (3 day settlements)
(1 day settlement)
(same -day settlements)
PTC (3 day settlements)
(1 day settlements)
Sells - 3:30 p.m. on trade date
Buys - 3:30 p.m. on trade date
Cancellations — Noon on T+1
Sells - 3:30 p.m. on Trade Date
Buys - 3:30 p.m. on Trade Date
Cancellations — Noon on T+1
Sells — 3:30 pm on Trade Date
Buys — 3:30 pm on Trade Date
Sells - 11:00 a.m. on Settlement Date
Buys - 11:00 a.m. on Settlement Date
Sells - 3:30 p.m. on T+1
Buys - 3:30 p.m. on T+1
Sells - 12:30 p.m. on Trade Date
Buys - 12:30 p.m. on Trade Date
Physical (3 day settlements)
(same -day settlements)
Sells - 3:30 p.m. on Trade Date
Buys - 3:30 p.m. on Trade Date
Sells - 10:00 a.m. on Settlement Date
Buys - 11:00 a.m. on Settlement Date
Same -day trades require information as soon as possible. Wells Fargo shows both trades on the system, but
delivers/collects net dollars.
Cut-off times vary for incoming wire transfers by fund. These times range from 10:00am to 4:00pm CST. Below
we have included the sweep trading deadlines for the most popular funds used by our clients.
Fund
Sweeu Cut-off Time (CST)
Cash Investment Money Market Fund
1:00 PM
100% Treasury Money Market Fund
11:00 AM
Treasury Plus Money Market Fund
3:00 PM
Government Money Market Fund
12:00 PM
Short Term Investment Fund (STIF)
1:00 PM
Exhibit B: PricinR Schedule
Account Analysis
1 statement
Account maintenance
4 accounts
Standard Reporting
Platform
3 accounts
$1 000
$3 000
$1 000
$3,0001
$1 000
$3,0001
$1.0001
$3 000
$1,0001
$3 000
S15.000
Sweep Access
Daily
0
0
0
0
0
0
0
0
0
0
0
(Requires use ofa
Wells Fargo Money
Market Fund
Vehicle for Non -
Qualified
Retirement Plan
Assets
TIF Collective
Fund for Qualified
Retirement Funds
Onl
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
Securities
Safekeeping
As a % of portfolio
balance
$235 475 781
0.003%
$7 064.27
0.003%
$7 064.27
0.003%
$7 064.27
0.003%
$7 064.27
0.003%
$7 064.27
$35 21.35
Per Securi # of securities shown is at a int in time
Fed wireable (incl.
80
0
0
0
0
0
0
0
0
0
0
0
DTC
25
0
0
0
0
0
0
0
0
0
0
0
PTC
6
0
0
0
0
0
0
0
0
0
0
0
Physical - NY
5
0
0
0
0
0
0
0
0
0
0
0
Other
0
0
0
01
0
0
0
0
0
0
0
Credit Posting
Interest/dividend
300
0
0
0
0
0
0
0
0
0
0
0
Principal paydowns
72
$5
$360
$5
$360
$5
$360
$5
$360
$5
$360
$1800
Maturities excl.
35
$10
$350
$10
$350
$10
$350
$10
$350
$10
$350
$I 750
Repo redemption 1
52
$20
$1,040
$20
$1040
$20
$1040
$20
$1040
S20
$1040
$5200
Sales
5
Sill
$50
$10
$50
$10
$50
$10
S50
$10
$50
$250
Calls
41
$lo
$410
$10
S410
$10
$410
$10
S410
$10
$410
$2 050
Other
0
0
PDTCW20
$10
$200
$10
$200
$10
$200
$10
$200
$10
$200
P$1000
PTC
10
$10
$100
$to
$100
$10
$100
S10
$100
$10
$100
$500
Physical
2
$50
Sloo
$50
S100
$50
$100
$50
$100
$50
$100
S500
Deliveries Out:
Fedwire with
150
S20
$3 000
$20
$3 000
$20
$3 000
$20
$3 000
$20
$3 000
$15 000
DTC
20
$10
$200
$10
$200
$10
$200
$10
$200
$10
$200
$1 000
PTC
10
$10
$100
$10
$too
$10
Sloo
Slo
$100
$10
$100
$500
Physical
2
$50
$100
$50
$100
$50
$100
$50
$100
S50
$100
$500
Wire
Transfers
Incomin
55
$7.50
$412.50
$7.50
$412.50
$7.50
$412.50
$7.50
$412.50
$7.50
$412.50
$2 062.50
Ou of
50
$7.50
$375.00
$7.50
$375.00
$7.50
$375.00
$7.50
$375.00
$7.50
$375.00
S1875.00
Cost of Collateral or D Insurance
Training i hour
Reports
Web access
Daily
0
0
0
0
0
0
0
0
0
0
0
IHardcopy
Moodily
0
0
0
0
0
0
0
0
0
0
0
Provider's software
Daily
0
0
0
0
0
0
0
0
0
0
0
Pricin
cusi
Daily/items
0
0
0
0
0
0
0
0
0
0
0
Daylight Overdraft
es
(per occurrence)
PM
0
Conversion Costs
0
0
0
0
0
0
0
0
0
0
0
Research
our
SUB TOTAL
$16 861.77
$16 861.77
$16 861.77
$16 861.77
$16 861.77
$84 308.85
Other lease i
Performance MgtR
3 accounts
1 $5,0001
$15,0001
$5,0001
$15,0001
$5,0001
$15 000
SS 000
$15,0001
$5,0001
1 000
$75 000
GRAND TOTAL
1
J$31,861.771$31
861.77
$31,861.77
$31861.77
$31 861.77
$159308.85
Projected earnings on sweep account:
av $500k
WELLS FARGO INSTITUTIONAL TRUST & CUSTODY
City of Fort Collins, Colorado
ANNUAL PRICING PRO FORMA
October 10, 2001
TOTAL UNIT TOTAL
QUANTITY PRICE PRICE
Domestic Administration
235,475,781
0.000030
7,064.27
(Market Value Charge)
Accounting & Reporting (Account Charge)
3
1,000.00
3,000.00
Domestic Depository Settlements
141
10.00
1,410.00
Repo Transactions (including maturities)
202
20.00
4,040.00
Repo Collateral Movements
202
0.00
0.00
Principal Paydowns
72
5.00
360.00
Physical Settlements
4
50.00
200.00
Mutual Fund Settlements
0
15.00
0.00
Money Transactions
105
7.50
787.50
Internet Reporting:
Enhanced Trust Reporting
0
0.00
0.00
(Performance Measurement Required)
Trust Portfolio
1
0.00
0.00
Total Custody Fees without Performance Measurement
16,861. 77
Performance Measurement
3
5,000.00
15,000.00
Total Custody Fees
31,861.77