Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2012

Basis of Presentation [Abstract]

Line of Business Financial Performance

	Wholesale Banking and Commercial Real Estate							Consumer and Small Business Banking
Three Months Ended March 31 (Dollars in Millions)	2012		2011		Percent Change			2012		2011		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	528	$	514		2.7	%	$	1,179	$	1,134		4.0	%
Noninterest income		309		293		5.5			867		606		43.1
Securities gains (losses), net		—		—		—			—		—		—
Total net revenue		837		807		3.7			2,046		1,740		17.6
Noninterest expense		317		299		6.0			1,167		1,097		6.4
Other intangibles		4		4		—			13		19		(31.6	)
Total noninterest expense		321		303		5.9			1,180		1,116		5.7
Income before provision and income taxes		516		504		2.4			866		624		38.8
Provision for credit losses		3		179		(98.3	)		253		401		(36.9	)
Income before income taxes		513		325		57.8			613		223		*
Income taxes and taxable-equivalent adjustment		187		118		58.5			223		81		*
Net income		326		207		57.5			390		142		*
Net (income) loss attributable to noncontrolling interests		—		1		*			—		—		—
Net income attributable to U.S. Bancorp	$	326	$	208		56.7		$	390	$	142		*
Average Balance Sheet
Commercial	$	42,372	$	35,253		20.2	%	$	7,890	$	7,117		10.9	%
Commercial real estate		19,344		19,190		.8			15,904		15,153		5.0
Residential mortgages		64		73		(12.3	)		37,375		31,319		19.3
Credit card		—		—		—			—		—		—
Other retail		4		6		(33.3	)		45,551		45,555		—
Total loans, excluding covered loans		61,784		54,522		13.3			106,720		99,144		7.6
Covered loans		1,202		2,001		(39.9	)		7,895		8,741		(9.7	)
Total loans		62,986		56,523		11.4			114,615		107,885		6.2
Goodwill		1,604		1,604		—			3,515		3,536		(.6	)
Other intangible assets		42		59		(28.8	)		1,765		2,227		(20.7	)
Assets		68,551		62,008		10.6			130,681		123,191		6.1
Noninterest-bearing deposits		30,334		20,019		51.5			18,713		17,170		9.0
Interest checking		13,114		13,993		(6.3	)		28,938		25,383		14.0
Savings products		8,735		9,823		(11.1	)		42,466		39,591		7.3
Time deposits		13,254		14,811		(10.5	)		24,408		24,282		.5
Total deposits		65,437		58,646		11.6			114,525		106,426		7.6
Total U.S. Bancorp shareholders’ equity		6,275		5,509		13.9			10,768		9,262		16.3

Wealth Management and Securities Services								Payment Services									Treasury and Corporate Support									Consolidated Company
2012			2011		Percent Change			2012			2011			Percent Change			2012			2011			Percent Change			2012		2011			Percent Change
$	92		$	87		5.7	%	$	396		$	332			19.3	%	$	495		$	440			12.5	%	$	2,690	$	2,507			7.3	%
	267			269		(.7	)		733			761			(3.7	)		63			88			(28.4	)		2,239		2,017			11.0
	—			—		—			—			—			—			—			(5	)		*			—		(5	)		*
	359			356		.8			1,129			1,093			3.3			558			523			6.7			4,929		4,519			9.1
	280			262		6.9			454			417			8.9			271			164			65.2			2,489		2,239			11.2
	10			9		11.1			44			43			2.3			—			—			—			71		75			(5.3	)
	290			271		7.0			498			460			8.3			271			164			65.2			2,560		2,314			10.6
	69			85		(18.8	)		631			633			(.3	)		287			359			(20.1	)		2,369		2,205			7.4
	(1	)		3		*			216			163			32.5			10			9			11.1			481		755			(36.3	)
	70			82		(14.6	)		415			470			(11.7	)		277			350			(20.9	)		1,888		1,450			30.2
	25			30		(16.7	)		151			171			(11.7	)		(3	)		21			*			583		421			38.5
	45			52		(13.5	)		264			299			(11.7	)		280			329			(14.9	)		1,305		1,029			26.8
	—			—		—			(10	)		(9	)		(11.1	)		43			25			72.0			33		17			94.1
$	45		$	52		(13.5	)	$	254		$	290			(12.4	)	$	323		$	354			(8.8	)	$	1,338	$	1,046			27.9
$	1,122		$	1,019		10.1	%	$	5,647		$	5,221			8.2	%	$	100		$	103			(2.9	)%	$	57,131	$	48,713			17.3	%
	570			590		(3.4	)		—			—			—			167			246			(32.1	)		35,985		35,179			2.3
	385			380		1.3			—			—			—			7			5			40.0			37,831		31,777			19.1
	—			—		—			16,778			16,124			4.1			—			—			—			16,778		16,124			4.1
	1,537			1,638		(6.2	)		837			938			(10.8	)		1			2			(50.0	)		47,930		48,139			(.4	)
	3,614			3,627		(.4	)		23,262			22,283			4.4			275			356			(22.8	)		195,655		179,932			8.7
	12			13		(7.7	)		5			2			*			5,392			6,881			(21.6	)		14,506		17,638			(17.8	)
	3,626			3,640		(.4	)		23,267			22,285			4.4			5,667			7,237			(21.7	)		210,161		197,570			6.4
	1,467			1,463		.3			2,350			2,356			(.3	)		—			—			—			8,936		8,959			(.3	)
	176			197		(10.7	)		771			838			(8.0	)		4			6			(33.3	)		2,758		3,327			(17.1	)
	6,240			6,066		2.9			29,752			27,223			9.3			101,063			89,408			13.0			336,287		307,896			9.2
	13,421			6,137		*			660			686			(3.8	)		455			177			*			63,583		44,189			43.9
	4,100			3,104		32.1			1,305			164			*			1			1			—			47,458		42,645			11.3
	23,409			21,385		9.5			34			26			30.8			129			154			(16.2	)		74,773		70,979			5.3
	4,650			6,933		(32.9	)		—			—			—			158			466			(66.1	)		42,470		46,492			(8.7	)
	45,580			37,559		21.4			1,999			876			*			743			798			(6.9	)		228,284		204,305			11.7
	2,201			2,076		6.0			5,729			5,295			8.2			10,442			7,867			32.7			35,415		30,009			18.0