Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 100

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 100
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Notional ValueFair Value(Dollars in Millions)AssetsLiabilitiesAssetsLiabilitiesFair value hedgesInterest rate contractsReceive fixed/pay floating swaps$15,550 $— $— $10,600 $— $— Pay fixed/receive floating swaps28,364 — — 29,739 — — Cash flow hedgesInterest rate contractsReceive fixed/pay floating swaps24,850 — — 28,550 — — Pay fixed/receive floating swaps1,000 — — — — — Net investment hedgesForeign exchange forward contracts732 3 2 870 7 — Other economic hedgesInterest rate contractsFutures and forwardsBuy6,078 24 5 5,436 8 30 Sell3,650 8 26 2,711 10 1 OptionsPurchased7,730 159 — 7,810 186 — Written2,742 20 70 1,991 8 47 Receive fixed/pay floating swaps14,505 126 28 9,977 45 23 Pay fixed/receive floating swaps5,968 — — 2,371 — — Foreign exchange forward contracts813 1 4 702 4 4 Equity contracts295 10 — 293 — 9 Credit contracts2,667 — 20 3,558 — 29 Other(a)2,094 11 124 1,084 7 78 Total$117,038 $362 $279 $105,692 $275 $221 (a)Includes derivative liability swap agreements related to the sale of a portion of the Company’s Class B common and preferred shares of Visa Inc. The Visa swap agreements had a total notional value and fair value of $1.0 billion and $119 million at June 30, 2025, respectively, compared to $1.0 billion and $78 million at December 31, 2024, respectively. In addition, includes short-term underwriting purchase and sale commitments with total notional values of $1.0 billion at June 30, 2025. 

58U.S. Bancorp

The following table summarizes the customer-related derivative positions of the Company:  June 30, 2025December