Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 186

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 186
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 value hedge basis adjustments related to active portfolio layer method hedges of available-for-sale 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 $ 18.2billion at June 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 $ 351million at June 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 
 June 30            |       | 2025 |   |       | 2024 | Six Months Ended 
 June 30          |       | 2025 |   |       | 2024 |
|:-------------------------------------------------|:----|:-------------------|------:|:-----|:--|------:|:-----|:-----------------|------:|:-----|:--|------:|:-----|
| Taxable                                          |     | $                  | 1,281 |      | $ | 1,218 |      | $                | 2,515 |      | $ | 2,317 |      |
| Non-taxable                                      |     |                    |    74 |      |   |    76 |      |                  |   148 |      |   |   152 |      |
| Total interest income from investment securities |     | $                  | 1,355 |      | $ | 1,294 |      | $                | 2,663 |      | $ | 2,469 |      |

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 
 June 30            |     | 2025 |   |     | 2024 | Six Months Ended 
 June 30          |     |