Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 101

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 101
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31, 2024 Notional ValueFair ValueNotional ValueFair Value(Dollars in Millions)AssetsLiabilitiesAssetsLiabilitiesInterest rate contractsReceive fixed/pay floating swaps$408,874 $1,238 $2,533 $413,841 $462 $4,485 Pay fixed/receive floating swaps359,913 1,311 422 363,837 2,342 153 Other(a)68,487 22 36 72,503 17 34 OptionsPurchased125,633 326 11 96,238 414 2 Written99,190 26 439 90,572 12 574 FuturesBuy1,024 1 — — — — Sell2,037 — — — — — Foreign exchange rate contractsForwards, spots and swaps132,527 3,433 3,258 113,718 2,441 2,232 OptionsPurchased1,096 24 1 497 14 — Written1,096 1 24 497 — 14 Commodity contractsSwaps13,102 463 441 8,224 199 180 OptionsPurchased5,742 382 2 3,921 233 2 Written5,742 1 383 3,921 3 233 FuturesBuy6 1 — 1 — — Sell351 47 53 166 25 27 Equity contracts8 — — — — — Credit contracts13,304 1 4 13,670 — 3 Total$1,238,132 $7,277 $7,607 $1,181,606 $6,162 $7,939 (a)Primarily represents floating rate interest rate swaps that pay based on differentials between specified interest rate indexes. 

U.S. Bancorp59

The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) reclassified from other comprehensive income (loss) into earnings (net-of-tax): Three Months Ended June 30Six Months Ended June 30 Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive