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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 73,562 $ 61,192
Investment securities    
Held-to-maturity (fair value $71,415 and $74,088, respectively) 80,025 84,045
Available-for-sale ($313 and $338 pledged as collateral, respectively) [1] 81,704 69,706
Loans held for sale (including $2,887 and $2,011 of mortgage loans carried at fair value, respectively) 3,211 2,201
Loans    
Total loans 374,164 373,835
Less allowance for loan losses (7,560) (7,379)
Net loans 366,604 366,456
Premises and equipment 3,585 3,623
Goodwill 12,573 12,489
Other intangible assets 5,488 6,084
Other assets (including $7,490 and $3,548 of trading securities at fair value pledged as collateral, respectively) [1] 59,717 57,695
Total assets 686,469 663,491
Deposits    
Noninterest-bearing 86,838 89,989
Interest-bearing (including $7,655 and $2,818 of time deposits carried at fair value, respectively) 434,293 422,323
Total deposits 521,131 512,312
Short-term borrowings 23,708 15,279
Long-term debt 54,839 51,480
Other liabilities 27,470 28,649
Total liabilities 627,148 607,720
Shareholders’ equity    
Preferred stock 6,808 6,808
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 9/30/24 and 12/31/23—2,125,725,742 shares 21 21
Capital surplus 8,729 8,673
Retained earnings 76,057 74,026
Less cost of common stock in treasury: 9/30/24—565,004,098 shares; 12/31/23—567,732,687 shares (24,010) (24,126)
Accumulated other comprehensive income (loss) (8,746) (10,096)
Total U.S. Bancorp shareholders’ equity 58,859 55,306
Noncontrolling interests 462 465
Total equity 59,321 55,771
Total liabilities and equity 686,469 663,491
Commercial | Commercial    
Loans    
Total loans 133,638 131,881
Commercial | Commercial real estate    
Loans    
Total loans 50,619 53,455
Consumer | Residential mortgages    
Loans    
Total loans 118,034 115,530
Consumer | Credit card    
Loans    
Total loans 29,037 28,560
Consumer | Other retail    
Loans    
Total loans $ 42,836 $ 44,409
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.