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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 76,985 $ 61,192
Investment securities    
Held-to-maturity (fair value $71,149 and $74,088, respectively) 82,948 84,045
Available-for-sale ($356 and $338 pledged as collateral, respectively) [1] 72,426 69,706
Loans held for sale (including $1,885 and $2,011 of mortgage loans carried at fair value, respectively) 2,080 2,201
Loans    
Total loans 374,588 373,835
Less allowance for loan losses (7,514) (7,379)
Net loans 367,074 366,456
Premises and equipment 3,537 3,623
Goodwill 12,479 12,489
Other intangible assets 6,031 6,084
Other assets (including $4,878 and $3,548 of trading securities at fair value pledged as collateral, respectively) [1] 60,046 57,695
Total assets 683,606 663,491
Deposits    
Noninterest-bearing 91,220 89,989
Interest-bearing (including $4,668 and $2,818 of time deposits carried at fair value, respectively) 436,843 422,323
Total deposits 528,063 512,312
Short-term borrowings 17,102 15,279
Long-term debt 52,693 51,480
Other liabilities 29,715 28,649
Total liabilities 627,573 607,720
Shareholders’ equity    
Preferred stock 6,808 6,808
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 3/31/24 and 12/31/23—2,125,725,742 shares 21 21
Capital surplus 8,642 8,673
Retained earnings 74,473 74,026
Less cost of common stock in treasury: 3/31/24—565,322,411 shares; 12/31/23—567,732,687 shares (24,023) (24,126)
Accumulated other comprehensive income (loss) (10,353) (10,096)
Total U.S. Bancorp shareholders’ equity 55,568 55,306
Noncontrolling interests 465 465
Total equity 56,033 55,771
Total liabilities and equity 683,606 663,491
Commercial | Commercial    
Loans    
Total loans 134,726 131,881
Commercial | Commercial real estate    
Loans    
Total loans 52,677 53,455
Consumer | Residential mortgages    
Loans    
Total loans 116,079 115,530
Consumer | Credit card    
Loans    
Total loans 27,844 28,560
Consumer | Other retail    
Loans    
Total loans $ 43,262 $ 44,409
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.