Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 109

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 109
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 counterparty default; for securities borrowed this includes any securities loaned payables that could be offset in the event of counterparty default. (c)Includes the fair value of securities received by the Company from the counterparty. These securities are not included on the Consolidated Balance Sheet unless the counterparty defaults. (d)Excludes $31 million and $15 million at September 30, 2025 and December 31, 2024, respectively, of derivative assets not subject to netting arrangements.  Gross Recognized LiabilitiesGross Amounts Offset on the Consolidated Balance Sheet(a)Net Amounts Presented on the Consolidated Balance SheetGross Amounts Not Offset on the Consolidated Balance Sheet Net Amount(Dollars in Millions)Financial  Instruments(b) Collateral  Pledged(c) September 30, 2025Derivative liabilities(d)$6,850 $(3,838)$3,012 $(124)$— $2,888 Repurchase agreements26,788 (19,637)7,151 (32)(7,119)— Securities loaned152 — 152 (1)(147)4 Total$33,790 $(23,475)$10,315 $(157)$(7,266)$2,892 December 31, 2024Derivative liabilities(d)$8,081 $(2,949)$5,132 $(177)$— $4,955 Repurchase agreements7,645 — 7,645 (851)(6,787)7 Securities loaned90 — 90 — (88)2 Total$15,816 $(2,949)$12,867 $(1,028)$(6,875)$4,964 (a)Includes $1.7 billion and $1.9 billion of cash collateral related receivables that were netted against derivative liabilities at both September 30, 2025 and December 31, 2024. (b)For derivative liabilities this includes any derivative asset fair values that could be offset in the event of counterparty default; for repurchase agreements this includes any reverse repurchase agreement receivables that could be offset in the event of counterparty default; for securities loaned this includes any securities borrowed receivables that could be offset in the event of counterparty default. (c)Includes the fair value of securities pledged by the Company