Data current as June 29, 2017
Los Angeles, CA Wells Fargo's Responsible Banking Ordinance Response July 2017
City of Los Angeles Responsible Banking Investment
Monitoring Program For Commercial Bank
& Wells Fargo & Co. Responses
Data current as June 29, 2017
1
Los Angeles, CA Wells Fargo's Responsible Banking Ordinance Response July 2017
CITY OF LOS ANGELES
RESPONSIBLE BANKING INVESTMENT MONITORING PROGRAM
FOR COMMERCIAL BANKS
Reporting Calendar Year: 2016
Commercial banks providing City banking business or seeking City banking business must complete and file this form no later than July 1st of each year to the City
Treasurer to comply with Section 20.95.1 to Chapter 5.1 of the Los Angeles
Administrative Code.
BANK CONTACT INFORMATION:
BANK CONTACT INFORMATION:
Wells Fargo Bank, National Association
______________________________________________________________________________________ Name of Commercial Bank
333 S. Grand Avenue Los Angeles CA
19607
______________________________________________________________________________________
Street Address
City
State
Zip Code
Mark Hewlett, Senior Vice President
_______________________________________________________________________________________ Contract Person Name and Title
213-253-7237
hewletma@
_______________________________________________________________________________________
Telephone No.
Email Address
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Los Angeles, CA Wells Fargo's Responsible Banking Ordinance Response July 2017
BANK CORPORATE PROFILE
1. Service / product currently being provided to the City of Los Angeles?
? Deposit and Treasury services
? Public Finance services
? Credit services
2. City/State of Bank's corporate headquarters? Sioux Falls, SD
3. State of Incorporation? N/A ? Federal
4. Total number of corporate employees? 265,000
Number of employees in California __45,328_________
Number of employees in the City of Los Angeles _____3,329______
Number of employees that live in City of Los Angeles __3,096_________
5. Number of branches in the State of California ___1,053__
Number of branches in the City of Los Angeles ____94_______
6. Please provide the following 2016 financial data for your financial institution:
Total Deposits
$1.3 trillion
Total Assets
$1.7 trillion_
Total Equity
$155.8 billion
7. Please provide your most recent financial ratings for:
Long Term Issuer Rating:
DBRS
__AA (High)__
Fitch
__AA________
Moody's
__Aa2_______
Standard & Poor's __AA-_______
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Los Angeles, CA Wells Fargo's Responsible Banking Ordinance Response July 2017
Short Term Issuer Rating:
DBRS
__R-1 (High)__
Fitch
__F1+________
Moody's
__P-1________
Standard & Poor's __A-1+_______
8. Please identify the following 2016 financial data specific to the City of Los Angeles:
MBE Loans __________
Wells Fargo does not track this data.
WBE Loans __________
Wells Fargo does not track this data.
SBA Loans ___________
Wells Fargo does not track SBA data specific to the City of Los Angeles. Alternatively you may be able to obtain this federally managed data for Los Angeles County from the SBA. As an example, our research revealed that for federal fiscal year 2016 (October 2015 ? September 2016) Wells Fargo approved 575 SBA 7(a) loans totaling more than $158 million.
Educational grants / endowments 2.9 million
Provided to 103 community agencies focused on education
9. Please provide in a separate attachment, Exhibit I, a list and brief description of your firm's 2016 community investments and/or partnerships with the City and /or local non-
profit organizations relating to financial literacy, education programs and job growth.
? See Exhibit I
COMMUNITY REINVESTMENT ACT (CRA) PROFILE
1. What is the size of your institution as defined by the Community Reinvestment Act (CRA)?
Large X Intermediate
Small
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Los Angeles, CA Wells Fargo's Responsible Banking Ordinance Response July 2017
2. Please provide the following CRA ratings for your financial institution:
Overall CRA Rating ? State
Outstanding__
Issue Rating Date
9/30/2012
Performance Test Level
Lending Investment Service
Outstanding
__X___ __X___ _______
Satisfactory
______ _______ ___X__
Needs to Improve
_____ _______ _______
Substantial Noncompliance
_____ _______ _______
Overall CRA Rating ? National Need to Improve__
Issue Rating Date
9/30/2012
Performance Test Level
Lending Investment Service
Outstanding
__X___ __X___
_______
Satisfactory
_______ _______ ___X__
Needs to Improve
_______ _______ _______
Substantial Noncompliance
_______ _______ _______
3. Please provide the number and value of loans by census tracts for the following types of loans in an Excel format as Exhibit II.
a. Small Business Loans (gross revenue of $1 million or less)
b. Home Mortgages
c. Home Equity Loans
d. Community Development Loans
e. Community Development Investments
? See Exhibit II
4. Does your institution participate in the Los Angeles Mortgage Modification Program (LAMMP)? Yes ______ No ___ X ___
If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance in an Excel format as Exhibit III.
If no, please briefly explain: _Wells Fargo does not participate in the_________
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