Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 101

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 101
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 Visa Inc. The Visa swap agreements had a total notional value and fair value of $1.0 billion and $115 million at September 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 $1.8 billion at September 30, 2025. 

58U.S. Bancorp

The following table summarizes the customer-related derivative positions of the Company:  September 30, 2025December 31, 2024 Notional ValueFair ValueNotional ValueFair Value(Dollars in Millions)AssetsLiabilitiesAssetsLiabilitiesInterest rate contractsReceive fixed/pay floating swaps$444,332 $1,357 $2,190 $413,841 $462 $4,485 Pay fixed/receive floating swaps382,650 1,124 481 363,837 2,342 153 Other(a)69,002 21 62 72,503 17 34 OptionsPurchased134,864 254 9 96,238 414 2 Written95,541 26 334 90,572 12 574 FuturesBuy1,881 — — — — — Sell963 — — — — — Foreign exchange rate contractsForwards, spots and swaps136,823 2,831 2,691 113,718 2,441 2,232 OptionsPurchased1,330 23 1 497 14 — Written1,330 3 24 497 — 14 Commodity contractsSwaps14,804 579 485 8,224 199 180 OptionsPurchased5,300 348 2 3,921 233 2 Written5,293 2 348 3,921 3 233 FuturesBuy4 — — 1 — — Sell548 84 81 166 25 27 Equity contracts8 — — — — — Credit contracts14,015 1 3 13,670 — 3 Total$1,308,688 $6,653 $6,711 $1,181