Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 219

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 219
---
 Consolidated Balance Sheet.

Securities transferred to counterparties under repurchase agreements and securities loaned transactions continue to be recognized on the Consolidated Balance Sheet, are measured at fair value, and are included in investment securities or other assets. Securities received from counterparties under reverse repurchase agreements and securities borrowed transactions are not recognized on the Consolidated Balance Sheet unless the counterparty defaults. The securities transferred under repurchase and reverse repurchase transactions typically are U.S. Treasury and agency securities, residential agency mortgage-backed securities, corporate debt securities or asset-backed securities. The securities loaned or borrowed typically are corporate debt securities traded by the Company’s primary broker-dealer subsidiary. In general, the securities transferred can be sold, repledged or otherwise used by the party in possession. No restrictions exist on the use of cash collateral by either party. Repurchase/reverse repurchase and securities loaned/borrowed transactions expose the Company to counterparty risk. The Company manages this risk by performing assessments, independent of business line managers, and establishing concentration limits on each counterparty. Additionally, these transactions include collateral arrangements that require the fair values of the underlying securities to be determined daily, resulting in cash being obtained from or refunded to counterparties to maintain specified collateral levels.

| 62 |     | U.S. Bancorp |

The following table summarizes the maturities by category of collateral pledged for repurchase agreements and securities loaned transactions:

| (Dollars in Millions)                         
 September 30, 2025                            |     |   |        | Overnight and 
 Continuous    | Less Than 
 30 Days   |    |     |   |   | 30-89 Days |   |   | Greater Than 90 Days |   |        | Total |
|:----------------------------------------------|:----|:--|-------:|:--------------|:----------|---:|:----|:--|:--|:-----------|:--|:--|:---------------------|:--|-------:|:------|
| Repurchase agreements                         |     |   |        |               |           |    |     |   |   |            |   |   |                      |   |        |       |
| U.S. Treasury and agencies                    |     | $ | 23,411 |               | $         |  — |     | $ | — |            | $ | — |                      | $ | 23,411 |       |
| Residential agency mortgage-backed securities |     |   |    325 |