Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 119

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 119
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$(188)$191 (c)$— $3,187 $(194)(a)Net derivative assets and liabilities(1,885)(2,036)(i)912 (14)— 2,211 (812)666 (j)(a)Included in mortgage banking revenue.(b)Approximately $69 million, $(464) million and $(8) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(c)Represents MSRs capitalized during the period.(d)Approximately $20 million, $139 million and $(7) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(e)Approximately $89 million, $563 million and $(1) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(f)Approximately $20 million, $1.4 billion and $(1) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(g)Approximately $173 million, $(666) million and $(91) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(h)Approximately $20 million, $1.4 billion and $(91) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(i)Approximately $185 million, $(2.2) billion and $(70) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(j)Approximately $20 million, $716 million and $(70) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.The Company is also required periodically to measure certain other financial assets at fair value on a nonrecurring basis. These measurements of fair value usually result from the application of lower-of-cost-or-fair value accounting or write-downs of individual assets. The following table summarizes the balances as of the measurement date of assets measured at fair value on a nonrecurring basis, and still held as of the reporting date: September 30, 2025December 31, 2024(Dollars in Millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalLoans(a)$— $— $611 $611 $— $— $636 $636 Other assets(b)— —