Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 232

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 232
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   | 49,156 |       |   |       — |     |   |  49,156 |
| Short-term borrowings(d)                                            |     |                    |  12,857 |                 |            |      — |         |   | 12,703 |         |   |       — |       |   |  12,703 |         |                   |  13,583 |                 |            |      — |         |   | 13,419 |       |   |       — |     |   |  13,419 |
| Long-term debt(e)                                                   |     |                    |  61,127 |                 |            |      — |         |   | 60,837 |         |   |       — |       |   |  60,837 |         |                   |  57,611 |                 |            |      — |         |   | 56,441 |       |   |       — |     |   |  56,441 |
| Other(f)                                                            |     |                    |   4,628 |                 |            |      — |         |   |  1,399 |         |   |   3,229 |       |   |   4,628 |         |                   |   5,220 |                 |            |      — |         |   |  1,369 |       |   |   3,851 |     |   |   5,220 |

(a) Excludes mortgages held for sale for which the fair value option under applicable accounting guidance was elected.

(b) Includes investments in Federal Reserve Bank and FHLB stock and tax-advantaged investments.

(c) Excludes time deposits for which the fair value option under applicable accounting guidance was elected.

(d) Excludes the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance.

(e) Excludes structured long-term notes for which the fair value option under applicable accounting guidance was elected.

(f) Includes operating lease liabilities and liabilities related to tax-advantaged investments.

The fair value of unfunded commitments, deferred non-yield related loan fees, standby letters of credit and other guarantees is approximately equal to their carrying value. The carrying value of unfunded commitments, deferred non-yield related loan fees and standby letters of credit was $ 374million and $ 376million at September 30, 2025 and December 31, 2024