Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 92

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 92
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 elected to offset the assets and liabilities under netting arrangements for the balance sheet presentation of repurchase/reverse repurchase and securities loaned/borrowed transactions. 

U.S. Bancorp57

The following tables provide information on the Company’s netting adjustments, and items not offset on the Consolidated Balance Sheet but available for offset in the event of default:  Gross Recognized AssetsGross 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  Received(c) March 31, 2025Derivative assets(d)$5,925 $(2,680)$3,245 $(187)$(2)$3,056 Reverse repurchase agreements7,194 — 7,194 (394)(6,790)10 Securities borrowed1,805 — 1,805 — (1,745)60 Total$14,924 $(2,680)$12,244 $(581)$(8,537)$3,126 December 31, 2024Derivative assets(d)$6,422 $(2,979)$3,443 $(177)$(5)$3,261 Reverse repurchase agreements6,383 — 6,383 (851)(5,508)24 Securities borrowed1,516 — 1,516 — (1,453)63 Total$14,321 $(2,979)$11,342 $(1,028)$(6,966)$3,348 (a)Includes $1.3 billion and $1.9 billion of cash collateral related payables that were netted against derivative assets at March 31, 2025 and December 31, 2024, respectively. (b)For derivative assets this includes any derivative liability fair values that could be offset in the event of counterparty default; for reverse repurchase agreements this includes any repurchase agreement payables that could be offset in the event of 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