Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 107

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 107
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 to be determined daily, resulting in cash being obtained from or refunded to counterparties to maintain specified collateral levels.

62U.S. Bancorp

The following table summarizes the maturities by category of collateral pledged for repurchase agreements and securities loaned transactions: (Dollars in Millions)Overnight and ContinuousLess Than 30 Days30-89 DaysGreater Than 90 DaysTotalSeptember 30, 2025Repurchase agreementsU.S. Treasury and agencies$23,411 $— $— $— $23,411 Residential agency mortgage-backed securities325 — — — 325 Corporate debt securities2,652 — — — 2,652 Asset-backed securities400 — — — 400 Total repurchase agreements26,788 — — — 26,788 Securities loaned     Corporate debt securities152 — — — 152 Total securities loaned152 — — — 152 Gross amount of recognized liabilities$26,940 $— $— $— $26,940 December 31, 2024Repurchase agreementsU.S. Treasury and agencies$5,918 $— $— $— $5,918 Residential agency mortgage-backed securities319 — — — 319 Corporate debt securities1,116 — — — 1,116 Asset-backed securities270 22 — — 292 Total repurchase agreements7,623 22 — — 7,645 Securities loanedCorporate debt securities90 — — — 90 Total securities loaned90 — — — 90 Gross amount of recognized liabilities$7,713 $22 $— $— $7,735  The Company executes its derivative, repurchase/reverse repurchase and securities loaned/borrowed transactions under the respective industry standard agreements. These agreements include master netting arrangements that allow for multiple contracts executed with the same counterparty to be viewed as a single arrangement. This allows for net settlement of a single amount on a daily basis. In the event of default, the master netting arrangement provides for close-out netting, which allows all of these positions with the defaulting counterparty to be terminated and net settled with a single payment amount. The Company has elected to offset the assets and liabilities under net