Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Line of Business Financial Performance

Table 10 Line of Business Financial Performance

	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Three Months Ended March 31 (Dollars in Millions)	2013			2012		Percent Change			2013		2012		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	511		$	535		(4.5	)%	$	1,151	$	1,181		(2.5	)%
Noninterest income		278			311		(10.6	)		783		865		(9.5	)
Securities gains (losses), net		–			–		–			–		–		–
Total net revenue		789			846		(6.7	)		1,934		2,046		(5.5	)
Noninterest expense		318			319		(.3	)		1,201		1,181		1.7
Other intangibles		2			4		(50.0	)		11		13		(15.4	)
Total noninterest expense		320			323		(.9	)		1,212		1,194		1.5
Income before provision and income taxes		469			523		(10.3	)		722		852		(15.3	)
Provision for credit losses		(53	)		3		*			244		255		(4.3	)
Income before income taxes		522			520		.4			478		597		(19.9	)
Income taxes and taxable-equivalent adjustment		190			189		.5			174		217		(19.8	)
Net income		332			331		.3			304		380		(20.0	)
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–		–
Net income attributable to U.S. Bancorp	$	332		$	331		.3		$	304	$	380		(20.0	)
Average Balance Sheet
Commercial	$	49,221		$	42,253		16.5	%	$	8,313	$	7,896		5.3	%
Commercial real estate		19,901			19,422		2.5			16,566		15,911		4.1
Residential mortgages		30			64		(53.1	)		44,498		37,378		19.0
Credit card		–			–		–			–		–		–
Other retail		13			4		*			44,917		45,581		(1.5	)
Total loans, excluding covered loans		69,165			61,743		12.0			114,294		106,766		7.1
Covered loans		460			1,129		(59.3	)		6,941		7,893		(12.1	)
Total loans		69,625			62,872		10.7			121,235		114,659		5.7
Goodwill		1,604			1,604		–			3,515		3,515		–
Other intangible assets		27			42		(35.7	)		2,014		1,765		14.1
Assets		75,703			68,438		10.6			139,259		130,711		6.5
Noninterest-bearing deposits		29,878			30,371		(1.6	)		21,392		18,745		14.1
Interest checking		10,893			13,104		(16.9	)		32,412		28,998		11.8
Savings products		11,858			8,885		33.5			45,653		42,360		7.8
Time deposits		16,715			13,353		25.2			22,493		24,373		(7.7	)
Total deposits		69,344			65,713		5.5			121,950		114,476		6.5
Total U.S. Bancorp shareholders' equity		7,211			6,264		15.1			11,988		10,769		11.3

Wealth Management and Securities Services								Payment Services									Treasury and Corporate Support							Consolidated Company
2013		2012			Percent Change			2013			2012			Percent Change			2013		2012		Percent Change			2013		2012		Percent Change
$	92	$	94			(2.1	)%	$	388		$	396			(2.0	)%	$	567	$	484		17.1	%	$	2,709	$	2,690		.7	%
	294		267			10.1			747			732			2.0			58		64		(9.4	)		2,160		2,239		(3.5	)
	–		–			–			–			–			–			5		–		*			5		–		*
	386		361			6.9			1,135			1,128			.6			630		548		15.0			4,874		4,929		(1.1	)
	322		281			14.6			481			454			5.9			91		254		(64.2	)		2,413		2,489		(3.1	)
	9		10			(10.0	)		35			44			(20.5	)		–		–		–			57		71		(19.7	)
	331		291			13.7			516			498			3.6			91		254		(64.2	)		2,470		2,560		(3.5	)
	55		70			(21.4	)		619			630			(1.7	)		539		294		83.3			2,404		2,369		1.5
	–		(1	)		*			205			216			(5.1	)		7		8		(12.5	)		403		481		(16.2	)
	55		71			(22.5	)		414			414			–			532		286		86.0			2,001		1,888		6.0
	20		26			(23.1	)		151			151			–			79		–		*			614		583		5.3
	35		45			(22.2	)		263			263			–			453		286		58.4			1,387		1,305		6.3
	–		–			–			(9	)		(10	)		10.0			50		43		16.3			41		33		24.2
$	35	$	45			(22.2	)	$	254		$	253			.4		$	503	$	329		52.9		$	1,428	$	1,338		6.7
$	1,741	$	1,156			50.6	%	$	5,860		$	5,647			3.8	%	$	164	$	179		(8.4	)%	$	65,299	$	57,131		14.3	%
	640		575			11.3			–			–			–			111		77		44.2			37,218		35,985		3.4
	580		382			51.8			–			–			–			1		7		(85.7	)		45,109		37,831		19.2
	–		–			–			16,528			16,778			(1.5	)		–		–		–			16,528		16,778		(1.5	)
	1,553		1,508			3.0			763			837			(8.8	)		–		–		–			47,246		47,930		(1.4	)
	4,514		3,621			24.7			23,151			23,262			(.5	)		276		263		4.9			211,400		195,655		8.0
	9		12			(25.0	)		5			5			–			3,606		5,467		(34.0	)		11,021		14,506		(24.0	)
	4,523		3,633			24.5			23,156			23,267			(.5	)		3,882		5,730		(32.3	)		222,421		210,161		5.8
	1,528		1,467			4.2			2,508			2,350			6.7			–		–		–			9,155		8,936		2.5
	182		176			3.4			612			771			(20.6	)		3		4		(25.0	)		2,838		2,758		2.9
	7,394		6,242			18.5			29,444			29,752			(1.0	)		99,587		101,144		(1.5	)		351,387		336,287		4.5
	14,095		13,359			5.5			692			660			4.8			343		448		(23.4	)		66,400		63,583		4.4
	4,668		4,050			15.3			430			1,305			(67.0	)		1		1		–			48,404		47,458		2.0
	26,851		23,365			14.9			47			34			38.2			96		129		(25.6	)		84,505		74,773		13.0
	5,946		4,542			30.9			–			–			–			555		202		*			45,709		42,470		7.6
	51,560		45,316			13.8			1,169			1,999			(41.5	)		995		780		27.6			245,018		228,284		7.3
	2,361		2,204			7.1			5,949			5,729			3.8			11,668		10,449		11.7			39,177		35,415		10.6