Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 8

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 8
---
 Bank (“FHLB”) advances. Long-term debt was $59.9 billion at March 31, 2025, compared with $58.0 billion at December 31, 2024. The $1.9 billion (3.2 percent) increase was primarily due to $3.0 billion of medium-term note and $625 million of credit-linked bank note issuances, partially offset by $2.0 billion of bank note repayments. Refer to the “Liquidity Risk Management” section for discussion of liquidity management of the Company. 

 TABLE 4Investment Securities

March 31, 2025December 31, 2024(Dollars in Millions)Amortized CostFair ValueWeighted- Average Maturity in YearsWeighted- Average Yield(e)Amortized CostFair ValueWeighted- Average Maturity in YearsWeighted- Average Yield(e)Held-to-MaturityU.S. Treasury and agencies$1,297 $1,284 1.12.85 %$1,296 $1,275 1.32.85 %Mortgage-backed securities(a)76,472 65,573 8.52.22 77,094 64,753 8.82.19 Other239 242 2.22.68 244 247 2.22.73 Total held-to-maturity$78,008 $67,099 8.42.23 %$78,634 $66,275 8.72.20 %Available-for-SaleU.S. Treasury and agencies$30,387 $28,616 4.82.78 %$30,467 $28,387 5.12.98 %Mortgage-backed securities(a)44,189 41,184 6.83.77 44,238 40,638 7.43.82 Asset-backed securities(a)7,323 7,332 4.05.36 7,136 7,165 3.85.56 Obligations of state and political subdivisions(b)(c)10,650 9,326 12.73.49 10,690 9,552 11.73.72 Other314 316 1.84.72 249 250 1.54.79 Total available-for-sale(d)$92,863 $