OREANDA-NEWS. April 19, 2016. Wells Fargo Securities, LLC (WFS), the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), announced today that it has been designated as a Primary Dealer by the Federal Reserve Bank of New York. Primary Dealers are banks and broker-dealers that trade directly with the Federal Reserve Bank of New York and provide market intelligence and analysis to its trading desks.

“Primary Dealership will allow us to better serve our existing customer franchise and is a logical extension of our client-focused business model,” said Walter Dolhare, head of WFS’ Markets Division. “We look forward to serving as a counterparty to the Federal Reserve Bank of New York in our role as a Primary Dealer.”

About Wells Fargo Securities

Wells Fargo Securities delivers a comprehensive set of capital markets products and services, including public debt and equity origination and distribution, investment research, interest rate, commodity and equity risk hedging, mergers and acquisitions advice, prime services, structured lending facilities and municipal bond origination. The institutional capital markets business is comprised of more than 4,200 team members in 50+ locations across the U.S., Europe and Asia.

Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC, Wells Fargo Institutional Securities, LLC, member FINRA and SIPC, Wells Fargo Prime Services, LLC, member FINRA, NFA and SIPC, Wells Fargo Bank, National Association, Wells Fargo Securities International Limited (authorized by the U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with \\$1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.