Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 152

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 152
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.82 |   |
| Asset-backed securities(a)                            |     |   |         7,167 |                |   |  7,183 |            |     |                                 4.1 |                            | 5.34 |   |   |             7,136 |                |   |  7,165 |            |     |                                 3.8 |                            | 5.56 |   |
| Obligations of state and political subdivisions(b)(c) |     |   |        10,631 |                |   |  9,209 |            |     |                                12.7 |                            | 3.31 |   |   |            10,690 |                |   |  9,552 |            |     |                                11.7 |                            | 3.72 |   |
| Other                                                 |     |   |           310 |                |   |    313 |            |     |                                 1.6 |                            | 4.72 |   |   |               249 |                |   |    250 |            |     |                                 1.5 |                            | 4.79 |   |
| Total available-for-sale(d)                           |     | $ |        96,301 |                | $ | 90,577 |            |     |                                 6.6 |                            | 3.58 | % | $ |            92,780 |                | $ | 85,992 |            |     |                                 6.8 |                            | 3.67 | % |

(a) Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.

(b) Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount.

(c) Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par.

(d) Amortized cost excludes portfolio level basis adjustments of $314 million at June 30, 2025 and $13 million at December 31, 2024.

(e) Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis