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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income attributable to U.S. Bancorp $ 2,280 $ 1,171
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses (827) 993
Depreciation and amortization of premises and equipment 84 87
Amortization of intangibles 38 42
(Gain) loss on sale of loans held for sale (213) (303)
(Gain) loss on sale of securities and other assets (66) (120)
Loans originated for sale, net of repayments (20,928) (10,882)
Proceeds from sales of loans held for sale 20,397 12,032
Other, net 172 (666)
Net cash provided by operating activities 937 2,354
Investing Activities    
Proceeds from sales of available-for-sale investment securities 1,062 9,916
Proceeds from maturities of available-for-sale investment securities 12,550 5,649
Purchases of available-for-sale investment securities (36,182) (14,937)
Net decrease (increase) in loans outstanding 3,562 (22,272)
Proceeds from sales of loans 1,062 575
Purchases of loans (1,600) (893)
Net (increase) decrease in securities purchased under agreements to resell (26) 788
Other, net 106 (1,085)
Net cash used in investing activities (19,466) (22,259)
Financing Activities    
Net increase in deposits 3,991 32,938
Net increase in short-term borrowings 332 2,621
Proceeds from issuance of long-term debt 69 11,271
Principal payments or redemption of long-term debt (3,830) (156)
Proceeds from issuance of preferred stock 730  
Proceeds from issuance of common stock 17 9
Repurchase of preferred stock (500)  
Repurchase of common stock (646) (1,660)
Cash dividends paid on preferred stock (76) (71)
Cash dividends paid on common stock (637) (647)
Net cash (used in) provided by financing activities (550) 44,305
Change in cash and due from banks (19,079) 24,400
Cash and due from banks at beginning of period 62,580 22,405
Cash and due from banks at end of period $ 43,501 $ 46,805