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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 28,964 $ 15,705
Investment securities    
Held-to-maturity (fair value $43,384 and $42,435, respectively) 43,659 42,991
Available-for-sale ($798 and $755 pledged as collateral, respectively) [1] 67,455 66,284
Loans held for sale (including $3,656 and $4,822 of mortgage loans carried at fair value, respectively) 3,661 4,826
Loans    
Commercial 96,836 93,386
Commercial real estate 41,908 43,098
Residential mortgages 58,796 57,274
Credit card 20,861 21,749
Other retail 55,445 53,864
Total loans, excluding covered loans 273,846 269,371
Covered loans 3,437 3,836
Total loans 277,283 273,207
Less allowance for loan losses (3,856) (3,813)
Net loans 273,427 269,394
Premises and equipment 2,413 2,443
Goodwill 9,361 9,344
Other intangible assets 3,216 3,303
Other assets (including $460 and $314 of trading securities at fair value pledged as collateral, respectively) [1] 31,688 31,674
Total assets 463,844 445,964
Deposits    
Noninterest-bearing 93,029 86,097
Interest-bearing [2] 254,233 248,493
Total deposits 347,262 334,590
Short-term borrowings 14,412 13,963
Long-term debt 37,814 33,323
Other liabilities 15,407 16,155
Total liabilities 414,895 398,031
Shareholders' equity    
Preferred stock 5,419 5,501
Common stock, par value $0.01 a share - authorized: 4,000,000,000 shares; issued: 6/30/17 and 12/31/16 - 2,125,725,742 shares 21 21
Capital surplus 8,425 8,440
Retained earnings 52,033 50,151
Less cost of common stock in treasury: 6/30/17 - 446,788,675 shares; 12/31/16 - 428,813,585 shares (16,332) (15,280)
Accumulated other comprehensive income (loss) (1,246) (1,535)
Total U.S. Bancorp shareholders' equity 48,320 47,298
Noncontrolling interests 629 635
Total equity 48,949 47,933
Total liabilities and equity $ 463,844 $ 445,964
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[2] lncludes time deposits greater than $250,000 balances of $ 5.2 billion and $3.0 billion at June 30, 2017 and December 31, 2016, respectively.