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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 65,832 $ 61,192
Investment securities    
Held-to-maturity (fair value $69,311 and $74,088, respectively) 81,486 84,045
Available-for-sale ($290 and $338 pledged as collateral, respectively) [1] 79,799 69,706
Loans held for sale (including $2,550 and $2,011 of mortgage loans carried at fair value, respectively) 2,582 2,201
Loans    
Total loans 376,133 373,835
Less allowance for loan losses (7,549) (7,379)
Net loans 368,584 366,456
Premises and equipment 3,570 3,623
Goodwill 12,476 12,489
Other intangible assets 5,757 6,084
Other assets (including $5,554 and $3,548 of trading securities at fair value pledged as collateral, respectively) [1] 59,972 57,695
Total assets 680,058 663,491
Deposits    
Noninterest-bearing 86,756 89,989
Interest-bearing (including $6,089 and $2,818 of time deposits carried at fair value, respectively) 437,029 422,323
Total deposits 523,785 512,312
Short-term borrowings 16,557 15,279
Long-term debt 52,720 51,480
Other liabilities 30,111 28,649
Total liabilities 623,173 607,720
Shareholders’ equity    
Preferred stock 6,808 6,808
Common stock, $— par value per share, authorized: 4,000,000,000 shares; issued: 6/30/24 and 12/31/23—2,125,725,742 shares 21 21
Capital surplus 8,688 8,673
Retained earnings 75,231 74,026
Less cost of common stock in treasury: 6/30/24—565,238,392 shares; 12/31/23—567,732,687 shares (24,020) (24,126)
Accumulated other comprehensive income (loss) (10,308) (10,096)
Total U.S. Bancorp shareholders’ equity 56,420 55,306
Noncontrolling interests 465 465
Total equity 56,885 55,771
Total liabilities and equity 680,058 663,491
Commercial | Commercial    
Loans    
Total loans 135,248 131,881
Commercial | Commercial real estate    
Loans    
Total loans 51,887 53,455
Consumer | Residential mortgages    
Loans    
Total loans 117,147 115,530
Consumer | Credit card    
Loans    
Total loans 28,715 28,560
Consumer | Other retail    
Loans    
Total loans $ 43,136 $ 44,409
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.