Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 214

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 214
---
 | $ | 11,342 |                                                         | $                                                          | -1,028 |     | $ | -6,966 |     | $ | 3,348 |            |

(a) Includes $ 1.2billion and $ 1.9billion of cash collateral related payables that were netted against derivative assets at June 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 counterparty default; for securities borrowed this includes any securities loaned payables that could be offset in the event of counterparty default.

(c) Includes the fair value of securities received by the Company from the counterparty. These securities are not included on the Consolidated Balance Sheet unless the counterparty defaults.

(d) Excludes $ 32million and $ 15million at June 30, 2025 and December 31, 2024, respectively, of derivative assets not subject to netting arrangements.

| (Dollars in Millions)     
 June 30, 2025             |     | Financial  Instruments(b) |        | Gross Recognized Liabilities | Gross Amounts Offset on the Consolidated Balance Sheet(a) 
 Collateral  Pledged(c)                                    |        |     |   |        | Net Amounts Presented on the Consolidated Balance Sheet | Gross Amounts Not Offset on the Consolidated Balance Sheet |        |     |   |        |     |   |       | Net Amount |
|:--------------------------|:----|:--------------------------|-------:|:-----------------------------|:----------------------------------------------------------|-------:|:----|:--|-------:|:--------------------------------------------------------|:-----------------------------------------------------------|-------:|:----|:--|-------:|:----|:--|------:|:-----------|
| Derivative liabilities(d) |     | $                         |  7,762 |                              | $                                                         | -4,161 |     | $ |  3,601 |                                                         | $                                                          |   -169 |     | $ |      — |     | $ | 3,432 |            |
| Repurchase agreements     |     |                           | 12,859 |                              |                                                           | -5,615 |     |   |  7,244 |                                                         |                                                            |   -