	Wholesale Banking and Commercial Real Estate							Consumer and Small Business Banking
Year Ended December 31 (Dollars in Millions)	2012		2011		Percent Change			2012			2011			Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	2,099	$	2,123		(1.1	)%	$	4,731		$	4,599			2.9	%
Noninterest income		1,224		1,222		.2			3,567			2,745			29.9
Securities gains (losses), net		–		–		–			–			–			–
Total net revenue		3,323		3,345		(.7	)		8,298			7,344			13.0
Noninterest expense		1,266		1,254		1.0			4,986			4,651			7.2
Other intangibles		16		16		–			52			75			(30.7	)
Total noninterest expense		1,282		1,270		.9			5,038			4,726			6.6
Income before provision and income taxes		2,041		2,075		(1.6	)		3,260			2,618			24.5
Provision for credit losses		1		424		(99.8	)		1,160			1,391			(16.6	)
Income before income taxes		2,040		1,651		23.6			2,100			1,227			71.1
Income taxes and taxable-equivalent adjustment		743		600		23.8			765			446			71.5
Net income		1,297		1,051		23.4			1,335			781			70.9
Net (income) loss attributable to noncontrolling interests		–		4		*			(1	)		(1	)		–
Net income attributable to U.S. Bancorp	$	1,297	$	1,055		22.9		$	1,334		$	780			71.0
Average Balance Sheet
Commercial	$	45,171	$	37,396		20.8	%	$	8,218		$	7,391			11.2	%
Commercial real estate		19,658		19,293		1.9			16,135			15,539			3.8
Residential mortgages		59		67		(11.9	)		39,826			33,248			19.8
Credit card		–		–		–			–			–			–
Other retail		7		5		40.0			45,596			45,760			(.4	)
Total loans, excluding covered loans		64,895		56,761		14.3			109,775			101,938			7.7
Covered loans		914		1,493		(38.8	)		7,523			8,405			(10.5	)
Total loans		65,809		58,254		13.0			117,298			110,343			6.3
Goodwill		1,604		1,604		–			3,516			3,520			(.1	)
Other intangible assets		36		52		(30.8	)		1,787			2,043			(12.5	)
Assets		71,698		64,088		11.9			134,372			124,399			8.0
Noninterest-bearing deposits		31,102		25,183		23.5			20,510			17,941			14.3
Interest checking		10,343		12,687		(18.5	)		29,947			26,620			12.5
Savings products		9,362		9,371		(.1	)		43,431			40,555			7.1
Time deposits		17,161		14,523		18.2			23,838			24,446			(2.5	)
Total deposits		67,968		61,764		10.0			117,726			109,562			7.5
Total U.S. Bancorp shareholders’ equity		6,440		5,582		15.4			11,279			9,433			19.6

*	Not meaningful

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

	$	354	$	355		(.3	)%		$	1,548		$	1,354			14.3	%		$	2,237		$	1,917			16.7	%		$	10,969		$	10,348			6.0	%
		1,122		1,052		6.7				3,192			3,242			(1.5	)			229			530			(56.8	)			9,334			8,791			6.2
		–		–		–				–			–			–				(15	)		(31	)		51.6				(15	)		(31	)		51.6
		1,476		1,407		4.9				4,740			4,596			3.1				2,451			2,416			1.4				20,288			19,108			6.2
		1,152		1,082		6.5				1,836			1,776			3.4				942			849			11.0				10,182			9,612			5.9
		40		36		11.1				166			172			(3.5	)			–			–			–				274			299			(8.4	)
		1,192		1,118		6.6				2,002			1,948			2.8				942			849			11.0				10,456			9,911			5.5
		284		289		(1.7	)			2,738			2,648			3.4				1,509			1,567			(3.7	)			9,832			9,197			6.9
		15		7		*				695			508			36.8				11			13			(15.4	)			1,882			2,343			(19.7	)
		269		282		(4.6	)			2,043			2,140			(4.5	)			1,498			1,554			(3.6	)			7,950			6,854			16.0
		98		102		(3.9	)			744			779			(4.5	)			110			139			(20.9	)			2,460			2,066			19.1
		171		180		(5.0	)			1,299			1,361			(4.6	)			1,388			1,415			(1.9	)			5,490			4,788			14.7
		–		–		–				(38	)		(40	)		5.0				196			121			62.0				157			84			86.9
	$	171	$	180		(5.0	)		$	1,261		$	1,321			(4.5	)		$	1,584		$	1,536			3.1			$	5,647		$	4,872			15.9

	$	1,347	$	1,068		26.1	%		$	5,962		$	5,640			5.7	%		$	132		$	121			9.1	%		$	60,830		$	51,616			17.9	%
		587		576		1.9				–			–			–				125			106			17.9				36,505			35,514			2.8
		399		386		3.4				–			–			–				6			10			(40.0	)			40,290			33,711			19.5
		–		–		–				16,653			16,084			3.5				–			–			–				16,653			16,084			3.5
		1,524		1,535		(.7	)			810			898			(9.8	)			1			1			–				47,938			48,199			(.5	)
		3,857		3,565		8.2				23,425			22,622			3.5				264			238			10.9				202,216			185,124			9.2
		11		12		(8.3	)			5			5			–				4,705			6,388			(26.3	)			13,158			16,303			(19.3	)
		3,868		3,577		8.1				23,430			22,627			3.5				4,969			6,626			(25.0	)			215,374			201,427			6.9
		1,473		1,463		.7				2,360			2,362			(.1	)			–			–			–				8,953			8,949			–
		171		184		(7.1	)			690			791			(12.8	)			4			5			(20.0	)			2,688			3,075			(12.6	)
		6,528		6,008		8.7				29,576			27,936			5.9				100,675			95,833			5.1				342,849			318,264			7.7
		14,511		9,688		49.8				643			673			(4.5	)			475			371			28.0				67,241			53,856			24.9
		3,950		3,199		23.5				1,192			320			*				1			1			–				45,433			42,827			6.1
		23,505		21,637		8.6				39			30			30.0				133			180			(26.1	)			76,470			71,773			6.5
		5,090		5,548		(8.3	)			–			–			–				477			186			*				46,566			44,703			4.2
		47,056		40,072		17.4				1,874			1,023			83.2				1,086			738			47.2				235,710			213,159			10.6
		2,232		2,081		7.3				5,686			5,280			7.7				11,974			9,824			21.9				37,611			32,200			16.8