Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 191

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 191
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 investment securities, which are not allocated to individual securities in the portfolio. For additional information, refer to Note 12.

| 36 |     | U.S. Bancorp |

Investment securities with a fair value of $ 17.2billion at September 30, 2025, and $ 18.8billion at December 31, 2024, were pledged to secure public, private and trust deposits, repurchase agreements and for other purposes required by contractual obligation or law. Included in these amounts were securities where the Company and certain counterparties have agreements granting the counterparties the right to sell or pledge the securities. Investment securities securing these types of arrangements had a fair value of $ 326million at September 30, 2025, and $ 320million at December 31, 2024.

The following table provides information about the amount of interest income from taxable and non-taxable investment securities:

| (Dollars in Millions)                            |     | Three Months Ended 
 September 30       |       | 2025 |   |       | 2024 | Nine Months Ended 
 September 30      |       | 2025 |   |       | 2024 |
|:-------------------------------------------------|:----|:-------------------|------:|:-----|:--|------:|:-----|:------------------|------:|:-----|:--|------:|:-----|
| Taxable                                          |     | $                  | 1,318 |      | $ | 1,241 |      | $                 | 3,833 |      | $ | 3,558 |      |
| Non-taxable                                      |     |                    |    74 |      |   |    75 |      |                   |   222 |      |   |   227 |      |
| Total interest income from investment securities |     | $                  | 1,392 |      | $ | 1,316 |      | $                 | 4,055 |      | $ | 3,785 |      |

The following table provides information about the amount of gross gains and losses realized through the sales of available-for-sale investment securities:

| (Dollars in Millions)                               |     | Three Months Ended 
 September 30       |     | 2025 |   |      | 2024 | Nine Months Ended 
 September 30      |     | 2025 |   |      | 2024 |
|:----------------------------------------------------