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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 50,013 $ 56,502
Investment securities    
Held-to-maturity (fair value $67,099 and $66,275, respectively; including $94 at fair value pledged as collateral at 3/31/25) [1] 78,008 78,634
Available-for-sale ($449 and $320 pledged as collateral, respectively) [1] 86,774 85,992
Loans held for sale (including $1,704 and $2,251 of mortgage loans carried at fair value, respectively) 1,746 2,573
Loans    
Total loans 381,819 379,832
Less allowance for loan losses (7,584) (7,583)
Net loans 374,235 372,249
Premises and equipment 3,582 3,565
Goodwill 12,555 12,536
Other intangible assets 5,381 5,547
Other assets (including $9,041 and $7,501 of trading securities at fair value pledged as collateral, respectively) [1] 64,195 60,720
Total assets 676,489 678,318
Deposits    
Noninterest-bearing 84,086 84,158
Interest-bearing (including $6,506 and $5,754 of time deposits carried at fair value, respectively) 428,439 434,151
Total deposits 512,525 518,309
Short-term borrowings 17,158 15,518
Long-term debt 59,859 58,002
Other liabilities 26,389 27,449
Total liabilities 615,931 619,278
Shareholders’ equity    
Preferred stock 6,808 6,808
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 3/31/25 and 12/31/24—2,125,725,742 shares 21 21
Capital surplus 8,678 8,715
Retained earnings 77,691 76,863
Less cost of common stock in treasury: 3/31/25—565,431,349 shares; 12/31/24—565,929,654 shares (24,060) (24,065)
Accumulated other comprehensive income (loss) (9,042) (9,764)
Total U.S. Bancorp shareholders’ equity 60,096 58,578
Noncontrolling interests 462 462
Total equity 60,558 59,040
Total liabilities and equity 676,489 678,318
Commercial | Commercial    
Loans    
Total loans 144,081 139,484
Commercial | Commercial real estate    
Loans    
Total loans 48,334 48,859
Consumer | Residential mortgages    
Loans    
Total loans 118,907 118,813
Consumer | Credit card    
Loans    
Total loans 29,223 30,350
Consumer | Other retail    
Loans    
Total loans $ 41,274 $ 42,326
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.