Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 64

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 64
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 1 — 250 Total available-for-sale, excluding portfolio level basis adjustments93,817 295 (5,047)89,065 92,780 58 (6,846)85,992 Portfolio level basis adjustments(a)304 — (304)— 13 — (13)— Total available-for-sale$94,121 $295 $(5,351)$89,065 $92,793 $58 $(6,859)$85,992 (a)Represents fair 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. 

36U.S. Bancorp

Investment securities with a fair value of $17.2 billion at September 30, 2025, and $18.8 billion 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 $326 million at September 30, 2025, and $320 million at December 31, 2024. The following table provides information about the amount of interest income from taxable and non-taxable investment securities: Three Months EndedSeptember 30Nine Months EndedSeptember 30(Dollars in Millions)2025202420252024Taxable$1,318 $1,241 $3,833 $3,558 Non-taxable74 75 222 227 Total interest income from investment securities$1,392 $1,316 $4,055 $3,785 The following table provides information about the amount of gross gains and losses realized through the sales of available-for-sale investment securities: Three Months EndedSeptember 30Nine Months EndedSeptember 30(Dollars in Millions)2025202420252024Realized gains$10 $115 $18 $118 Realized losses(17)(234)(82)(271)Net realized gains (losses)$(7)$(119)$(64)$(153)Income tax (benefit) on net realized gains (losses)$(2)$(31)$(16