Wells Fargo &Co. offered some updates on its capital planning in the company's Form10-Q filed May 4.
The company noted that it plans to continue to return capitalvia share repurchases through the rest of the year after repurchasing 51.7 millioncommon shares in the first quarter. After the March share repurchases, the companycould repurchase roughly 375.3 million shares under current authorizations.
Also, Wells Fargo disclosed that in April it entered into a $750million forward repurchase contract with a private party. The deal is expected tosettle in the second quarter for roughly 15 million shares.
Separately, the company said that subsidiary secured $1.0 billionin advances from the Federal Home Loan Bank system in April. During the first quarter,the bank executed $12.5 billion of advances with the Federal Home Loan Bank of DesMoines, bringing the bank's outstanding FHLB advances to $49.6 billion at quarter-end.