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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 56,502 $ 61,192
Investment securities    
Held-to-maturity (fair value $66,275 and $74,088, respectively) 78,634 84,045
Available-for-sale ($338 and $858 pledged as collateral, respectively) [1] 85,992 69,706
Loans held for sale (including $2,251 and $2,011 of mortgage loans carried at fair value, respectively) 2,573 2,201
Loans    
Total loans 379,832 373,835
Less allowance for loan losses (7,583) (7,379)
Net loans 372,249 366,456
Premises and equipment 3,565 3,623
Goodwill 12,536 12,489
Other intangible assets 5,547 6,084
Other assets (including $3,548 and $702 of trading securities at fair value pledged as collateral, respectively) [1] 60,720 57,695
Total assets 678,318 663,491
Deposits    
Noninterest-bearing 84,158 89,989
Interest-bearing (including $5,754 and $2,818 of time deposits carried at fair value, respectively) 434,151 422,323
Total deposits 518,309 512,312
Short-term borrowings 15,518 15,279
Long-term debt 58,002 51,480
Other liabilities 27,449 28,649
Total liabilities 619,278 607,720
Shareholders’ equity    
Preferred stock 6,808 6,808
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 2024 and 2023 —2,125,725,742 shares 21 21
Capital surplus 8,715 8,673
Retained earnings 76,863 74,026
Less cost of common stock in treasury: 2024 — 565,929,654 shares; 2023 — 567,732,687 shares (24,065) (24,126)
Accumulated other comprehensive income (loss) (9,764) (10,096)
Total U.S. Bancorp shareholders’ equity 58,578 55,306
Noncontrolling interests 462 465
Total equity 59,040 55,771
Total liabilities and equity 678,318 663,491
Commercial | Commercial    
Loans    
Total loans 139,484 131,881
Commercial | Commercial real estate    
Loans    
Total loans 48,859 53,455
Consumer | Residential mortgages    
Loans    
Total loans 118,813 115,530
Consumer | Credit card    
Loans    
Total loans 30,350 28,560
Consumer | Other retail    
Loans    
Total loans $ 42,326 $ 44,409
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.