Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 85

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 85
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711 10 1 OptionsPurchased6,724 176 — 7,810 186 — Written2,672 17 54 1,991 8 47 Receive fixed/pay floating swaps10,443 78 30 9,977 45 23 Pay fixed/receive floating swaps2,818 — — 2,371 — — Foreign exchange forward contracts725 2 1 702 4 4 Equity contracts288 — 6 293 — 9 Credit contracts3,298 6 17 3,558 — 29 Other(a)1,290 7 67 1,084 7 78 Total$107,542 $298 $191 $105,692 $275 $221 (a)Includes derivative liability swap agreements related to the sale of a portion of the Company’s Class B common and preferred shares of Visa Inc. The Visa swap agreements had a total notional value and fair value of $1.0 billion and $67 million at March 31, 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 $207 million at March 31, 2025. 

52U.S. Bancorp

The following table summarizes the customer-related derivative positions of the Company:  March 31, 2025December 31, 2024 Notional ValueFair ValueNotional ValueFair Value(Dollars in Millions)AssetsLiabilitiesAssetsLiabilitiesInterest rate contractsReceive fixed/pay floating swaps$404,356 $877 $3,260 $413,841 $462 $4,485 Pay fixed/receive floating swaps364,577 1,703 279 363,837 2,342 153 Other(a)70,207 17 32 72,503 17 34 OptionsPurchased105,399 366 6 96,238 414 2 Written90,579 18 488 90,572 12 574 FuturesBuy1,240 — — — — — Sell301 — — — — — Foreign exchange rate contractsForwards, spots and swaps