Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 53

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 53
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-sale investment securities were as follows:  March 31, 2025December 31, 2024(Dollars in Millions)Amortized Cost Unrealized GainsUnrealized Losses Fair ValueAmortized CostUnrealized GainsUnrealized Losses Fair ValueHeld-to-MaturityU.S. Treasury and agencies$1,297 $— $(13)$1,284 $1,296 $— $(21)$1,275 Mortgage-backed securitiesResidential agency74,773 12 (10,912)63,873 75,392 3 (12,317)63,078 Commercial agency1,699 5 (4)1,700 1,702 — (27)1,675 Other239 3 — 242 244 3 — 247 Total held-to-maturity$78,008 $20 $(10,929)$67,099 $78,634 $6 $(12,365)$66,275 Available-for-SaleU.S. Treasury and agencies$30,387 $11 $(1,782)$28,616 $30,467 $1 $(2,081)$28,387 Mortgage-backed securitiesResidential agency35,535 51 (1,912)33,674 35,558 13 (2,290)33,281 CommercialAgency8,647 — (1,144)7,503 8,673 — (1,322)7,351 Non-agency7 — — 7 7 — (1)6 Asset-backed securities7,323 15 (6)7,332 7,136 30 (1)7,165 Obligations of state and political subdivisions10,650 9 (1,333)9,326 10,690 13 (1,151)9,552 Other314 2 — 316 249 1 — 250 Total available-for-sale, excluding portfolio level basis adjustments92,863 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