
Table 10		Line of Business Financial Performance


	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Three Months Ended June 30 (Dollars in Millions)	2013			2012		Percent Change			2013		2012		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	519		$	521		(.4	)%	$	1,132	$	1,180		(4.1	)%
Noninterest income		273			320		(14.7	)		776		905		(14.3	)
Securities gains (losses), net		–			–		–			–		–		–

Total net revenue		792			841		(5.8	)		1,908		2,085		(8.5	)
Noninterest expense		313			321		(2.5	)		1,182		1,210		(2.3	)
Other intangibles		2			4		(50.0	)		10		13		(23.1	)

Total noninterest expense		315			325		(3.1	)		1,192		1,223		(2.5	)

Income before provision and income taxes		477			516		(7.6	)		716		862		(16.9	)
Provision for credit losses		(30	)		–		*			168		274		(38.7	)

Income before income taxes		507			516		(1.7	)		548		588		(6.8	)
Income taxes and taxable-equivalent adjustment		184			188		(2.1	)		199		214		(7.0	)

Net income		323			328		(1.5	)		349		374		(6.7	)
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–		–

Net income attributable to U.S. Bancorp	$	323		$	328		(1.5	)	$	349	$	374		(6.7	)

Average Balance Sheet
Commercial	$	50,332		$	44,479		13.2	%	$	8,423	$	8,084		4.2	%
Commercial real estate		20,366			19,720		3.3			16,765		16,083		4.2
Residential mortgages		29			63		(54.0	)		46,084		38,727		19.0
Credit card		–			–		–			–		–		–
Other retail		7			4		75.0			44,570		45,570		(2.2	)

Total loans, excluding covered loans		70,734			64,266		10.1			115,842		108,464		6.8
Covered loans		371			1,077		(65.6	)		6,724		7,640		(12.0	)

Total loans		71,105			65,343		8.8			122,566		116,104		5.6
Goodwill		1,604			1,604		–			3,515		3,515		–
Other intangible assets		26			38		(31.6	)		2,208		1,824		21.1
Assets		77,914			71,380		9.2			138,303		132,730		4.2
Noninterest-bearing deposits		30,202			30,557		(1.2	)		21,889		19,366		13.0
Interest checking		10,202			10,824		(5.7	)		33,080		29,934		10.5
Savings products		12,938			7,508		72.3			46,203		43,214		6.9
Time deposits		16,415			17,032		(3.6	)		21,666		24,242		(10.6	)

Total deposits		69,757			65,921		5.8			122,838		116,756		5.2
Total U.S. Bancorp shareholders’ equity		7,346			6,333		16.0			12,063		11,106		8.6


	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Six Months Ended June 30 (Dollars in Millions)	2013			2012		Percent Change			2013		2012		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	1,030		$	1,056		(2.5	)%	$	2,284	$	2,361		(3.3	)%
Noninterest income		552			631		(12.5	)		1,559		1,770		(11.9	)
Securities gains (losses), net		–			–		–			–		–		–

Total net revenue		1,582			1,687		(6.2	)		3,843		4,131		(7.0	)
Noninterest expense		630			640		(1.6	)		2,372		2,391		(.8	)
Other intangibles		4			8		(50.0	)		21		26		(19.2	)

Total noninterest expense		634			648		(2.2	)		2,393		2,417		(1.0	)

Income before provision and income taxes		948			1,039		(8.8	)		1,450		1,714		(15.4	)
Provision for credit losses		(75	)		3		*			404		529		(23.6	)

Income before income taxes		1,023			1,036		(1.3	)		1,046		1,185		(11.7	)
Income taxes and taxable-equivalent adjustment		372			377		(1.3	)		380		431		(11.8	)

Net income		651			659		(1.2	)		666		754		(11.7	)
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–		–

Net income attributable to U.S. Bancorp	$	651		$	659		(1.2	)	$	666	$	754		(11.7	)

Average Balance Sheet
Commercial	$	49,781		$	43,365		14.8	%	$	8,367	$	7,991		4.7	%
Commercial real estate		20,133			19,570		2.9			16,666		15,996		4.2
Residential mortgages		29			64		(54.7	)		45,296		38,052		19.0
Credit card		–			–		–			–		–		–
Other retail		10			4		*			44,743		45,576		(1.8	)

Total loans, excluding covered loans		69,953			63,003		11.0			115,072		107,615		6.9
Covered loans		415			1,103		(62.4	)		6,832		7,766		(12.0	)

Total loans		70,368			64,106		9.8			121,904		115,381		5.7
Goodwill		1,604			1,604		–			3,514		3,515		–
Other intangible assets		27			40		(32.5	)		2,112		1,794		17.7
Assets		76,813			69,908		9.9			138,779		131,719		5.4
Noninterest-bearing deposits		30,052			30,470		(1.4	)		21,631		19,048		13.6
Interest checking		10,524			11,950		(11.9	)		32,754		29,470		11.1
Savings products		12,400			8,193		51.3			45,914		42,772		7.3
Time deposits		16,428			15,193		8.1			22,075		24,306		(9.2	)

Total deposits		69,404			65,806		5.5			122,374		115,596		5.9
Total U.S. Bancorp shareholders’ equity		7,279			6,298		15.6			12,026		10,937		10.0

*	Not meaningful


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

$	91	$	83		9.6	%	$	387		$	376			2.9	%	$	543		$	553			(1.8	)%	$	2,672	$	2,713			(1.5	)%
	310		278		11.5			828			816			1.5			83			55			50.9			2,270		2,374			(4.4	)
	–		–		–			–			–			–			6			(19	)		*			6		(19	)		*

	401		361		11.1			1,215			1,192			1.9			632			589			7.3			4,948		5,068			(2.4	)
	319		285		11.9			491			445			10.3			197			270			(27.0	)		2,502		2,531			(1.1	)
	9		10		(10.0	)		34			43			(20.9	)		–			–			–			55		70			(21.4	)

	328		295		11.2			525			488			7.6			197			270			(27.0	)		2,557		2,601			(1.7	)

	73		66		10.6			690			704			(2.0	)		435			319			36.4			2,391		2,467			(3.1	)
	1		2		(50.0	)		183			197			(7.1	)		40			(3	)		*			362		470			(23.0	)

	72		64		12.5			507			507			–			395			322			22.7			2,029		1,997			1.6
	26		23		13.0			184			184			–			(8	)		10			*			585		619			(5.5	)

	46		41		12.2			323			323			–			403			312			29.2			1,444		1,378			4.8
	–		–		–			(10	)		(10	)		–			50			47			6.4			40		37			8.1

$	46	$	41		12.2		$	313		$	313			–		$	453		$	359			26.2		$	1,484	$	1,415			4.9


$	1,794	$	1,270		41.3	%	$	6,035		$	6,001			.6	%	$	178		$	186			(4.3	)%	$	66,762	$	60,020			11.2	%
	651		604		7.8			–			–			–			102			142			(28.2	)		37,884		36,549			3.7
	759		372		*			–			–			–			1			4			(75.0	)		46,873		39,166			19.7
	–		–		–			16,416			16,696			(1.7	)		–			–			–			16,416		16,696			(1.7	)
	1,548		1,512		2.4			741			814			(9.0	)		–			–			–			46,866		47,900			(2.2	)

	4,752		3,758		26.5			23,192			23,511			(1.4	)		281			332			(15.4	)		214,801		200,331			7.2
	15		12		25.0			5			5			–			3,270			5,004			(34.7	)		10,385		13,738			(24.4	)

	4,767		3,770		26.4			23,197			23,516			(1.4	)		3,551			5,336			(33.5	)		225,186		214,069			5.2
	1,527		1,469		3.9			2,508			2,350			6.7			–			–			–			9,154		8,938			2.4
	173		175		(1.1	)		585			734			(20.3	)		2			4			(50.0	)		2,994		2,775			7.9
	7,620		6,479		17.6			29,401			29,785			(1.3	)		96,351			100,055			(3.7	)		349,589		340,429			2.7
	13,805		13,476		2.4			675			632			6.8			295			500			(41.0	)		66,866		64,531			3.6
	4,672		3,833		21.9			448			1,336			(66.5	)		1			1			–			48,403		45,928			5.4
	28,021		23,114		21.2			54			37			45.9			81			139			(41.7	)		87,297		74,012			17.9
	5,585		4,662		19.8			–			–			–			1,153			894			29.0			44,819		46,830			(4.3	)

	52,083		45,085		15.5			1,177			2,005			(41.3	)		1,530			1,534			(.3	)		247,385		231,301			7.0
	2,370		2,224		6.6			6,020			5,670			6.2			12,105			11,933			1.4			39,904		37,266			7.1


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

$	183	$	177		3.4	%	$	775		$	772			.4	%	$	1,109	$	1,037			6.9	%	$	5,381	$	5,403			(.4	)%
	604		545		10.8			1,575			1,548			1.7			140		119			17.6			4,430		4,613			(4.0	)
	–		–		–			–			–			–			11		(19	)		*			11		(19	)		*

	787		722		9.0			2,350			2,320			1.3			1,260		1,137			10.8			9,822		9,997			(1.8	)
	641		566		13.3			970			899			7.9			302		524			(42.4	)		4,915		5,020			(2.1	)
	18		20		(10.0	)		69			87			(20.7	)		–		–			–			112		141			(20.6	)

	659		586		12.5			1,039			986			5.4			302		524			(42.4	)		5,027		5,161			(2.6	)

	128		136		(5.9	)		1,311			1,334			(1.7	)		958		613			56.3			4,795		4,836			(.8	)
	1		1		–			388			413			(6.1	)		47		5			*			765		951			(19.6	)

	127		135		(5.9	)		923			921			.2			911		608			49.8			4,030		3,885			3.7
	46		49		(6.1	)		335			335			–			66		10			*			1,199		1,202			(.2	)

	81		86		(5.8	)		588			586			.3			845		598			41.3			2,831		2,683			5.5
	–		–		–			(19	)		(20	)		5.0			100		90			11.1			81		70			15.7

$	81	$	86		(5.8	)	$	569		$	566			.5		$	945	$	688			37.4		$	2,912	$	2,753			5.8


$	1,767	$	1,213		45.7	%	$	5,948		$	5,824			2.1	%	$	171	$	183			(6.6	)%	$	66,034	$	58,576			12.7	%
	650		594		9.4			–			–			–			104		107			(2.8	)		37,553		36,267			3.5
	670		377		77.7			–			–			–			1		5			(80.0	)		45,996		38,498			19.5
	–		–		–			16,472			16,737			(1.6	)		–		–			–			16,472		16,737			(1.6	)
	1,550		1,510		2.6			752			825			(8.8	)		–		–			–			47,055		47,915			(1.8	)

	4,637		3,694		25.5			23,172			23,386			(.9	)		276		295			(6.4	)		213,110		197,993			7.6
	12		12		–			5			5			–			3,437		5,236			(34.4	)		10,701		14,122			(24.2	)

	4,649		3,706		25.4			23,177			23,391			(.9	)		3,713		5,531			(32.9	)		223,811		212,115			5.5
	1,528		1,468		4.1			2,508			2,350			6.7			–		–			–			9,154		8,937			2.4
	177		176		.6			598			753			(20.6	)		3		4			(25.0	)		2,917		2,767			5.4
	7,511		6,366		18.0			29,421			29,768			(1.2	)		97,959		100,597			(2.6	)		350,483		338,358			3.6
	13,950		13,419		4.0			683			646			5.7			318		474			(32.9	)		66,634		64,057			4.0
	4,686		3,952		18.6			439			1,320			(66.7	)		1		1			–			48,404		46,693			3.7
	27,456		23,257		18.1			50			36			38.9			88		134			(34.3	)		85,908		74,392			15.5
	5,766		4,603		25.3			–			–			–			993		548			81.2			45,262		44,650			1.4

	51,858		45,231		14.7			1,172			2,002			(41.5	)		1,400		1,157			21.0			246,208		229,792			7.1
	2,366		2,214		6.9			5,985			5,699			5.0			11,887		11,193			6.2			39,543		36,341			8.8