Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 93

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 93
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 $25 million and $15 million at March 31, 2025 and December 31, 2024, respectively, of derivative assets not subject to netting arrangements.  Gross Recognized LiabilitiesGross 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  Pledged(c) March 31, 2025Derivative liabilities(d)$6,695 $(2,835)$3,860 $(187)$— $3,673 Repurchase agreements9,313 — 9,313 (394)(8,912)7 Securities loaned141 — 141 — (139)2 Total$16,149 $(2,835)$13,314 $(581)$(9,051)$3,682 December 31, 2024Derivative liabilities(d)$8,081 $(2,949)$5,132 $(177)$— $4,955 Repurchase agreements7,645 — 7,645 (851)(6,787)7 Securities loaned90 — 90 — (88)2 Total$15,816 $(2,949)$12,867 $(1,028)$(6,875)$4,964 (a)Includes $1.4 billion and $1.9 billion of cash collateral related receivables that were netted against derivative liabilities at March 31, 2025 and December 31, 2024, respectively. (b)For derivative liabilities this includes any derivative asset fair values that could be offset in the event of counterparty default; for repurchase agreements this includes any reverse repurchase agreement receivables that could be offset in the event of counterparty default; for securities loaned this includes any securities borrowed receivables that could be offset in the event of counterparty default. (c)Includes the fair value of securities pledged by the Company to the counterparty. These securities are included on the Consolidated Balance Sheet unless the Company defaults. 

(d)Excludes $68 million and $79 million at March 31, 2025 and December 31, 2024, respectively, of derivative liabilities not subject to netting arrangements. 

 NOTE�