Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 108

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 108
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 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) June 30, 2025Derivative assets(d)$7,607 $(3,438)$4,169 $(169)$(5)$3,995 Reverse repurchase agreements11,093 (5,615)5,478 (208)(5,270)— Securities borrowed1,697 — 1,697 — (1,642)55 Total$20,397 $(9,053)$11,344 $(377)$(6,917)$4,050 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 $1.2 billion and $1.9 billion 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 $32 million and $15 million at June 30, 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