Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 36

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 36
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 to diversified sources of funding in both normal and potentially adverse environments. The Company also maintains a contingency funding plan and tests its capabilities to access contingency funding through different channels. The Company’s primary liquidity sources include cash at the Federal Reserve Bank and certain European central banks, unencumbered liquid assets, and capacity to borrow from the FHLB and at the Federal Reserve Bank’s Discount Window. Unencumbered liquid assets in the Company’s investment securities portfolio provide asset liquidity through the Company’s ability to sell the securities or pledge and borrow against them. Refer to Note 3 of the Notes to Consolidated Financial Statements and “Balance Sheet Analysis” for further information on investment securities maturities and trends. Asset liquidity is further enhanced by the Company’s practice of pledging loans to access secured borrowing facilities through the FHLB and Federal Reserve Bank.The following table summarizes the Company’s total available liquidity from on-balance sheet and off-balance sheet funding sources: (Dollars in Millions)September 30,2025December 31,2024Cash held at the Federal Reserve Bank and other central banks$58,173 $47,434 Available investment securities49,267 67,910 Borrowing capacity from the Federal Reserve Bank and FHLB204,915 171,226 Total available liquidity$312,355 $286,570 The Company’s diversified deposit base provides a sizeable source of relatively stable and low-cost funding, while reducing the Company’s reliance on the wholesale markets. Total deposits were $526.1 billion at September 30, 2025, compared with $518.3 billion at December 31, 2024. Average total deposits for the third quarter of 2025 and third quarter of 2024 funded approximately 75 percent and 77 percent of the Company’s total assets for these same periods, respectively. Refer to “Balance Sheet Analysis” for further information on the Company’s deposits.Additional funding is provided by long-term debt and short-term borrowings. Long-term debt was $62.5 billion at September 30, 2025, and is an important funding source because of its multi-year borrowing structure. Short-term borrowings were $15.4 billion at September 30, 2025, and supplement the Company’s other funding sources. Refer to “Balance Sheet Analysis” for further information on the Company’s long-term debt and short-term borrowings. In addition to assessing liquidity risk on a consolidated basis, the Company monitors the parent company’s liquidity