Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 108

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 108
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ting arrangements for the balance sheet presentation of the majority of its derivative counterparties. The netting occurs at the counterparty level, and includes all assets and liabilities related to the derivative contracts, including those associated with cash collateral received or delivered. The Company has also elected to offset the assets and liabilities under netting arrangements for the balance sheet presentation of repurchase/reverse repurchase transactions with certain counterparties, but has not made the election for securities loaned/borrowed transactions. 

U.S. Bancorp63

The following tables provide information on the Company’s netting adjustments, and items not offset on the Consolidated Balance Sheet but available for offset in the event of default:  Gross Recognized AssetsGross Amounts Offset on the Consolidated Balance Sheet(a)Net Amounts Presented on the Consolidated Balance SheetGross Amounts Not Offset on the Consolidated Balance Sheet Net Amount(Dollars in Millions)Financial Instruments(b) Collateral  Received(c) September 30, 2025Derivative assets(d)$6,941 $(3,282)$3,659 $(124)$(11)$3,524 Reverse repurchase agreements24,974 (19,637)5,337 (32)(5,300)5 Securities borrowed1,852 — 1,852 (1)(1,782)69 Total$33,767 $(22,919)$10,848 $(157)$(7,093)$3,598 December 31, 2024Derivative assets(d)$6,422 $(2,979)$3,443 $(177)$(5)$3,261 Reverse repurchase agreements6,383 — 6,383 (851)(5,508)24 Securities borrowed1,516 — 1,516 — (1,453)63 Total$14,321 $(2,979)$11,342 $(1,028)$(6,966)$3,348 (a)Includes $1.1 billion and $1.9 billion of cash collateral related payables that were netted against derivative assets at September 30, 2025 and December 31, 2024, respectively. (b)For derivative assets this includes any derivative liability fair values that could be offset in the event of counterparty default; for reverse repurchase agreements this includes any repurchase agreement payables that could be offset in the event of