<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 1)*
Wells Fargo & Company
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
949740 10 4
-------------------------
(CUSIP Number)
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Warren E. Buffett
###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
United States Citizen
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 7,291,418
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
7,291,418
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,319,418
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
8.0%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
2
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Berkshire Hathaway Inc.
04-2254452
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Delaware Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 7,291,418
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
7,291,418
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,291,418
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
8.0%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
HC, CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
3
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
National Indemnity Company
47-0355979
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Nebraska Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 5,537,256
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
5,537,256
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
5,537,256
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
6.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
4
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
National Indemnity Company of the South
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Florida Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 23,000
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
23,000
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
23,000
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
5
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
National Fire and Marine Insurance Company
47-6021331
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Nebraska Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 12,097
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
12,097
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
12,097
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
6
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Redwood Fire and Casualty Insurance Company
47-0530076
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Nebraska Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 12,097
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
12,097
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
12,097
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
7
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Cypress Insurance Company
95-6042B29
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
California Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 15,000
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
15,000
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
15,000
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
8
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Columbia Insurance Company
47-0530077
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Nebraska Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 1,272,839
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
1,272,839
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,272,839
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
1.4%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
9
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
National Liability & Fire Insurance Company
36-2403971
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Illinois Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 139,400
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
139,400
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
139,400
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.2%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
10
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Blue Chip Stamps
95-3858923
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
California Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 169,340
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
169,340
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
169,340
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.2%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
11
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Wesco Financial Corporation
95-2109453
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Delaware Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 169,340
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
169,340
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
169,340
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.2%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
12
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Wesco Holdings Midwest, Inc.
47-0691907
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Delaware Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 169,340
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
169,340
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
169,340
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.2%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
13
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Wesco-Financial Insurance Company
47-0685686
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Delaware Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 129,340
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
129,340
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
129,340
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IC
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
14
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Precision Steel Warehouse, Inc.
36-3005603
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Illinois Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 40,000
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
40,000
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
40,000
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
15
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
GEICO Corporation
52-1135801
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Delaware Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 100,000
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
100,000
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
100,000
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
16
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
Nebraska Furniture Mart, Inc.
43-0428274
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Nebraska Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 60,486
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
60,486
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
60,486
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
17
<PAGE>
CUSIP No. 949740 10 4 13G
- --------------------------------------------------------------------------------
1 Name of Reporting Persons.
S.S. or I.R.S. Identification No. of above person
The Fechheimer Bros. Company
31-1000330
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a Group*
(a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Citizen or place of organization
Delaware Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of -0-
Shares ---------------------------------------------
Beneficially 6 Shared Voting Power
Owned By 85,000
Each ---------------------------------------------
Reporting 7 Sole Dispositive Power
Person -0-
With ---------------------------------------------
8 Shared Dispositive Power
85,000
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
85,000
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*See Instruction Before Filling Out!
18
<PAGE>
INTRODUCTORY NOTE. On October 23, 1990 Berkshire Hathaway Inc. made an initial
filing on Schedule 13G reporting the ownership of shares of common stock of
Wells Fargo & Company. Subsequently, in the spring of 1991 Berkshire determined
to file appropriate notices with the Board of Governors of the Federal Reserve
System to seek permission to increase its ownership of Wells Fargo stock to as
much as 22%, subject to numerous limitations. In connection therewith,
Berkshire entered agreements with the Board of Governors and with Wells Fargo,
and began filing on Schedule 13D with respect to its ownership of Wells Fargo
common stock. As reported on Amendment 6 to such Schedule 13D dated April 26,
1996, Berkshire has terminated its agreements with the Board of Governors and
with Wells Fargo. Its percentage ownership of Wells Fargo common stock has been
reduced to approximately 8.0% as reported herein. As a result of these changes,
and because Berskhire meets all the requirements for filing on Schedule 13G as
opposed to Schedule 13D, Berkshire now resumes filing on Schedule 13G with
respect to its ownership of Wells Fargo common stock.
ITEM 1(a). NAME OF ISSUER:
Wells Fargo & Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
420 Montgomery Street
San Francisco, California 94163
ITEM 2(a). NAME OF PERSONS FILING:
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
ITEM 2(c). CITIZENSHIP:
Warren E. Buffett
1440 Kiewit Plaza
Omaha, Nebraska 68131
United States Citizen
Berkshire Hathaway Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
Delaware Corporation
National Indemnity Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
National Indemnity Company of the South
3024 Harney Street
Omaha, Nebraska 68131
Florida Corporation
19
<PAGE>
National Fire and Marine Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
Redwood Fire and Casualty Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
Cypress Insurance Company
1017 South Fair Oaks Avenue, P.O. Box 7008
Pasadena, California 91109
California Corporation
Columbia Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
National Liability & Fire Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Illinois Corporation
Blue Chip Stamps
5901 South Eastern Avenue
Los Angeles, California 90040
California Corporation
Wesco Financial Corporation
315 East Colorado Boulevard
Pasadena, California 91109
Delaware Corporation
Wesco Holdings Midwest, Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
Nebraska Corporation
Wesco-Financial Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
Precision Steel Warehouse, Inc.
3500 North Wolf Road
Franklin Park, Illinois 60131
Illinois Corporation
20
<PAGE>
GEICO Corporation
One GEICO Plaza
Washington, D.C. 20076
Delaware Corporation
Nebraska Furniture Mart, Inc.
700 South 72nd Street
Omaha, Nebraska 68114
Nebraska Corporation
The Fechheimer Bros. Company
4545 Malsbary Road
Cincinnati, Ohio 45252
Delaware Corporation
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
949740 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the Act:
(b) [ ] Bank as defined in Section 3(a)(6) of the Act:
(c) [x] Insurance Company as defined in Section 3(a)(19) of the Act:
National Indemnity Company
National Indemnity Company of the South
Redwood Fire and Casualty Insurance Company
Cypress Insurance Company
Columbia Insurance Company
National Liability and Fire Insurance Company
Wesco-Financial Insurance Company
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940:
(e) [ ] Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940:
21
<PAGE>
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund:
(g) [x] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G):
Berkshire Hathaway Inc.
Warren E. Buffett (an individual who may be deemed to
control Berkshire Hathaway Inc.
(h) [x] Group, in accordance with Rule 13d-1(b)(1)(ii)(H):
See Exhibit A
ITEM 4. OWNERSHIP
WARREN E. BUFFETT
(a) Amount Beneficially Owned:
7,319,418
(b) Percent of Class:
8.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
7,291,418
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
7,291,418
22
<PAGE>
BERKSHIRE HATHAWAY INC.
(a) Amount Beneficially Owned:
7,291,418
(b) Percent of Class:
8.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
7,291,418
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
7,291,418
NATIONAL INDEMNITY COMPANY
(a) Amount Beneficially Owned:
5,537,256
(b) Percent of Class:
6.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
5,537,256
23
<PAGE>
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
5,537,256
NATIONAL INDEMNITY COMPANY OF THE SOUTH
(a) Amount Beneficially Owned:
23,000
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
23,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
23,000
NATIONAL FIRE AND MARINE INSURANCE COMPANY
(a) Amount Beneficially Owned:
12,097
(b) Percent of Class:
Less than 0.1%
24
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
12,097
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
12,097
REDWOOD FIRE AND CASUALTY INSURANCE COMPANY
(a) Amount Beneficially Owned:
12,097
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
12,097
(iii) sole power to dispose or direct the disposition of
-0-
25
<PAGE>
(iv) shared power to dispose or to direct the disposition of
12,097
CYPRESS INSURANCE COMPANY
(a) Amount Beneficially Owned:
15,000
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
15,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
15,000
COLUMBIA INSURANCE COMPANY
(a) Amount Beneficially Owned:
1,272,839
(b) Percent of Class:
1.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
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(ii) shared power to vote or to direct the vote
1,272,839
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
1,272,839
NATIONAL LIABILITY AND FIRE INSURANCE COMPANY
(a) Amount Beneficially Owned:
139,400
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
139,400
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
139,400
BLUE CHIP STAMPS
(a) Amount Beneficially Owned:
169,340
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(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
169,340
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
169,340
WESCO FINANCIAL CORPORATION
(a) Amount Beneficially Owned:
169,340
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
169,340
(iii) sole power to dispose or direct the disposition of
-0-
28
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(iv) shared power to dispose or to direct the disposition of
169,340
WESCO HOLDINGS MIDWEST, INC.
(a) Amount Beneficially Owned:
169,340
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
169,340
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
169,340
WESCO-FINANCIAL INSURANCE COMPANY
(a) Amount Beneficially Owned:
129,340
(b) Percent of Class:
0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
29
<PAGE>
(ii) shared power to vote or to direct the vote
129,340
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
129,340
PRECISION STEEL WAREHOUSE, INC.
(a) Amount Beneficially Owned:
40,000
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
40,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
40,000
GEICO CORPORATION
(a) Amount Beneficially Owned:
100,000
30
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(b) Percent of Class:
0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
100,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
100,000
NEBRASKA FURNITURE MART, INC.
(a) Amount Beneficially Owned:
60,486
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
60,486
(iii) sole power to dispose or direct the disposition of
-0-
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(iv) shared power to dispose or to direct the disposition of
60,486
THE FECHHEIMER BROS. COMPANY
(a) Amount Beneficially Owned:
85,000
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
85,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
85,000
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
See Exhibit A
32
<PAGE>
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Exhibit A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated this 13th day of February, 1997
- -----------------------
Warren E. Buffett
BERKSHIRE HATHAWAY INC. NATIONAL INDEMNITY COMPANY
By By
--------------------- ------------------------
Warren E. Buffett Warren E. Buffett
Chairman of the Board Chairman of the Board
NATIONAL INDEMNITY COMPANY COLUMBIA INSURANCE COMPANY
OF THE SOUTH
By By
--------------------- ------------------------
Warren E. Buffett Warren E. Buffett
Chairman of the Board Chairman of the Board
33
<PAGE>
NATIONAL FIRE AND MARINE REDWOOD FIRE AND CASUALTY
INSURANCE COMPANY INSURANCE COMPANY
CYPRESS INSURANCE COMPANY
By NATIONAL LIABILITY AND FIRE
------------------------ INSURANCE COMPANY
Warren E. Buffett
Chairman of the Board
BLUE CHIP STAMPS
GEICO CORPORATION
WESCO FINANCIAL COPRORATION
WESCO HOLDINGS MIDWEST, INC.
By
-----------------------
Warren E. Buffett WESCO-FINANCIAL INSURANCE
Chairman of the Board COMPANY
PRECISION STEEL WAREHOUSE,
INC.
THE FECHHEIMER BROS. COMPANY
NEBRASKA FURNITURE MART, INC.
By
--------------------------
Warren E. Buffett
Attorney-in-Fact
34
<PAGE>
EXHIBIT A
RELEVANT SUBSIDIARIES OF PARENT HOLDING COMPANY
MEMBERS OF THE FILING GROUP
PARENT HOLDING COMPANY:
Berkshire Hathaway Inc.
Warren E. Buffett (an individual who may be deemed to control
Berkshire Hathaway Inc.
RELEVANT SUBSIDIARIES THAT ARE INSURANCE COMPANIES AS DEFINED IN
SECTION 3(a)(19) OF THE ACT:
National Indemnity Company
National Indemnity Company of the South
National Fire and Marine Insurance Company
Redwood Fire and Casualty Insurance Company
Cypress Insurance Company
Columbia Insurance Company
National Liability and Fire Insurance Company
Wesco-Financial Insurance Company
In addition, GEICO Corporation, a wholly owned indirect subsidiary of
Berkshire Hathaway Inc. which owns shares of Wells Fargo common stock, is itself
a holding company for numerous insurance company subsidiaries.
SUBSIDIARIES DIRECLY OWNING WELLS FARGO COMMON STOCK
THAT ARE NOT INSURANCE COMPANIES:
Precision Steel Warehouse, Inc.
Nebraska Furniture Mart, Inc.
The Fechheimer Bros. Company
35
