Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 163

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 163
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   |            314 |           |   |  2 |            |   |       — |            |   |    316 |            |   |               249 |           |   |  1 |            |   |       — |            |   |    250 |            |
| Total available-for-sale, excluding portfolio level basis adjustments |     |   |         92,863 |           |   | 88 |            |   |  -6,177 |            |   | 86,774 |            |   |            92,780 |           |   | 58 |            |   |  -6,846 |            |   | 85,992 |            |
| Portfolio level basis adjustments(a)                                  |     |   |            204 |           |   |  — |            |   |    -204 |            |   |      — |            |   |                13 |           |   |  — |            |   |     -13 |            |   |      — |            |
| Total available-for-sale                                              |     | $ |         93,067 |           | $ | 88 |            | $ |  -6,381 |            | $ | 86,774 |            | $ |            92,793 |           | $ | 58 |            | $ |  -6,859 |            | $ | 85,992 |            |

(a) Represents fair value hedge basis adjustments related to active portfolio layer method hedges of available-for-sale investment securities, which are not allocated to individual securities in the portfolio. For additional information, refer to Note 12.

| 34 |     | U.S. Bancorp |

Investment securities with a fair value of $ 16.4billion at March 31, 2025, and $ 18.8billion at December 31, 2024, were pledged to secure public, private and trust deposits, repurchase agreements and for other purposes required by contractual obligation or law. Included in these amounts were securities where the Company and certain counterparties have agreements granting the counterparties the right to sell or pledge the securities. Investment securities securing these types of arrangements had a fair value of $ 543million at March 31, 2025, and $ 320million at December 31, 2024.

The following table provides information about the amount of interest income from taxable and non-taxable investment securities:

| (D