
Table 10		Line of Business Financial Performance


	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Three Months Ended September 30 (Dollars in Millions)	2013			2012		Percent Change			2013		2012		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	526		$	528		(.4	)%	$	1,141	$	1,193		(4.4	)%
Noninterest income		267			299		(10.7	)		719		930		(22.7	)
Securities gains (losses), net		–			–		–			–		–		–

Total net revenue		793			827		(4.1	)		1,860		2,123		(12.4	)
Noninterest expense		305			310		(1.6	)		1,150		1,236		(7.0	)
Other intangibles		2			4		(50.0	)		10		13		(23.1	)

Total noninterest expense		307			314		(2.2	)		1,160		1,249		(7.1	)

Income before provision and income taxes		486			513		(5.3	)		700		874		(19.9	)
Provision for credit losses		(38	)		–		*			160		349		(54.2	)

Income before income taxes		524			513		2.1			540		525		2.9
Income taxes and taxable-equivalent adjustment		191			187		2.1			197		191		3.1

Net income		333			326		2.1			343		334		2.7
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–		–

Net income attributable to U.S. Bancorp	$	333		$	326		2.1		$	343	$	334		2.7

Average Balance Sheet
Commercial	$	51,409		$	46,131		11.4	%	$	8,475	$	8,423		.6	%
Commercial real estate		20,663			19,661		5.1			17,084		16,203		5.4
Residential mortgages		24			54		(55.6	)		48,131		40,530		18.8
Credit card		–			–		–			–		–		–
Other retail		6			7		(14.3	)		44,728		45,653		(2.0	)

Total loans, excluding covered loans		72,102			65,853		9.5			118,418		110,809		6.9
Covered loans		340			813		(58.2	)		6,434		7,384		(12.9	)

Total loans		72,442			66,666		8.7			124,852		118,193		5.6
Goodwill		1,604			1,604		–			3,515		3,515		–
Other intangible assets		24			34		(29.4	)		2,650		1,764		50.2
Assets		78,785			72,579		8.6			139,539		135,715		2.8
Noninterest-bearing deposits		30,925			31,167		(.8	)		22,460		20,981		7.0
Interest checking		10,038			7,897		27.1			32,971		30,020		9.8
Savings products		15,103			10,358		45.8			46,483		43,647		6.5
Time deposits		22,376			21,247		5.3			20,716		23,624		(12.3	)

Total deposits		78,442			70,669		11.0			122,630		118,272		3.7
Total U.S. Bancorp shareholders’ equity		7,434			6,378		16.6			12,154		11,551		5.2


	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Nine Months Ended September 30 (Dollars in Millions)	2013			2012		Percent Change			2013		2012		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	1,557		$	1,584		(1.7	)%	$	3,427	$	3,555		(3.6	)%
Noninterest income		819			930		(11.9	)		2,276		2,700		(15.7	)
Securities gains (losses), net		–			–		–			–		–		–

Total net revenue		2,376			2,514		(5.5	)		5,703		6,255		(8.8	)
Noninterest expense		932			950		(1.9	)		3,514		3,618		(2.9	)
Other intangibles		6			12		(50.0	)		30		39		(23.1	)

Total noninterest expense		938			962		(2.5	)		3,544		3,657		(3.1	)

Income before provision and income taxes		1,438			1,552		(7.3	)		2,159		2,598		(16.9	)
Provision for credit losses		(120	)		3		*			578		878		(34.2	)

Income before income taxes		1,558			1,549		.6			1,581		1,720		(8.1	)
Income taxes and taxable-equivalent adjustment		567			564		.5			576		626		(8.0	)

Net income		991			985		.6			1,005		1,094		(8.1	)
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–		–

Net income attributable to U.S. Bancorp	$	991		$	985		.6		$	1,005	$	1,094		(8.1	)

Average Balance Sheet
Commercial	$	50,331		$	44,296		13.6	%	$	8,468	$	8,123		4.2	%
Commercial real estate		20,305			19,594		3.6			16,806		16,065		4.6
Residential mortgages		28			61		(54.1	)		46,251		38,884		18.9
Credit card		–			–		–			–		–		–
Other retail		9			5		80.0			44,737		45,602		(1.9	)

Total loans, excluding covered loans		70,673			63,956		10.5			116,262		108,674		7.0
Covered loans		394			1,010		(61.0	)		6,690		7,629		(12.3	)

Total loans		71,067			64,966		9.4			122,952		116,303		5.7
Goodwill		1,604			1,604		–			3,515		3,515		–
Other intangible assets		26			38		(31.6	)		2,293		1,784		28.5
Assets		77,479			70,806		9.4			139,027		132,973		4.6
Noninterest-bearing deposits		30,407			30,762		(1.2	)		21,843		19,638		11.2
Interest checking		10,385			10,621		(2.2	)		32,801		29,621		10.7
Savings products		13,354			8,962		49.0			46,061		43,022		7.1
Time deposits		18,459			17,255		7.0			21,590		24,047		(10.2	)

Total deposits		72,605			67,600		7.4			122,295		116,328		5.1
Total U.S. Bancorp shareholders’ equity		7,331			6,325		15.9			12,062		11,135		8.3

*	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

$	85	$	87		(2.3	)%	$	393		$	382			2.9	%	$	569		$	593		(4.0	)%	$	2,714		$	2,783		(2.5	)%
	305		282		8.2			822			854			(3.7	)		67			30		*			2,180			2,395		(9.0	)
	–		–		–			–			–			–			(3	)		1		*			(3	)		1		*

	390		369		5.7			1,215			1,236			(1.7	)		633			624		1.4			4,891			5,179		(5.6	)
	322		288		11.8			493			452			9.1			240			256		(6.3	)		2,510			2,542		(1.3	)
	9		10		(10.0	)		34			40			(15.0	)		–			–		–			55			67		(17.9	)

	331		298		11.1			527			492			7.1			240			256		(6.3	)		2,565			2,609		(1.7	)

	59		71		(16.9	)		688			744			(7.5	)		393			368		6.8			2,326			2,570		(9.5	)
	6		4		50.0			172			135			27.4			(2	)		–		*			298			488		(38.9	)

	53		67		(20.9	)		516			609			(15.3	)		395			368		7.3			2,028			2,082		(2.6	)
	19		24		(20.8	)		188			222			(15.3	)		3			26		(88.5	)		598			650		(8.0	)

	34		43		(20.9	)		328			387			(15.2	)		392			342		14.6			1,430			1,432		(.1	)
	–		–		–			(10	)		(10	)		–			48			52		(7.7	)		38			42		(9.5	)

$	34	$	43		(20.9	)	$	318		$	377			(15.6	)	$	440		$	394		11.7		$	1,468		$	1,474		(.4	)


$	1,774	$	1,361		30.3	%	$	6,191		$	6,062			2.1	%	$	215		$	215		–	%	$	68,064		$	62,192		9.4	%
	653		624		4.6			–			–			–			101			142		(28.9	)		38,501			36,630		5.1
	983		384		*			–			–			–			1			1		–			49,139			40,969		19.9
	–		–		–			16,931			16,551			2.3			–			–		–			16,931			16,551		2.3
	1,531		1,529		.1			729			802			(9.1	)		–			–		–			46,994			47,991		(2.1	)

	4,941		3,898		26.8			23,851			23,415			1.9			317			358		(11.5	)		219,629			204,333		7.5
	17		11		54.5			5			5			–			2,937			4,382		(33.0	)		9,733			12,595		(22.7	)

	4,958		3,909		26.8			23,856			23,420			1.9			3,254			4,740		(31.4	)		229,362			216,928		5.7
	1,533		1,469		4.4			2,509			2,346			6.9			–			–		–			9,161			8,934		2.5
	166		165		.6			557			646			(13.8	)		2			4		(50.0	)		3,399			2,613		30.1
	7,749		6,688		15.9			30,123			29,517			2.1			95,965			101,154		(5.1	)		352,161			345,653		1.9
	13,510		14,862		(9.1	)		714			623			14.6			655			494		32.6			68,264			68,127		.2
	4,770		3,943		21.0			455			1,346			(66.2	)		1			1		–			48,235			43,207		11.6
	26,339		23,089		14.1			60			40			50.0			80			139		(42.4	)		88,065			77,273		14.0
	4,170		5,463		(23.7	)		–			–			–			542			340		59.4			47,804			50,674		(5.7	)

	48,789		47,357		3.0			1,229			2,009			(38.8	)		1,278			974		31.2			252,368			239,281		5.5
	2,398		2,240		7.1			6,102			5,667			7.7			11,848			12,783		(7.3	)		39,936			38,619		3.4


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

$	267	$	264		1.1	%	$	1,168		$	1,154			1.2	%	$	1,676	$	1,629			2.9	%	$	8,095	$	8,186			(1.1	)%
	910		827		10.0			2,397			2,402			(.2	)		208		149			39.6			6,610		7,008			(5.7	)
	–		–		–			–			–			–			8		(18	)		*			8		(18	)		*

	1,177		1,091		7.9			3,565			3,556			.3			1,892		1,760			7.5			14,713		15,176			(3.1	)
	962		854		12.6			1,454			1,344			8.2			563		796			(29.3	)		7,425		7,562			(1.8	)
	27		30		(10.0	)		104			127			(18.1	)		–		–			–			167		208			(19.7	)

	989		884		11.9			1,558			1,471			5.9			563		796			(29.3	)		7,592		7,770			(2.3	)

	188		207		(9.2	)		2,007			2,085			(3.7	)		1,329		964			37.9			7,121		7,406			(3.8	)
	7		5		40.0			553			548			.9			45		5			*			1,063		1,439			(26.1	)

	181		202		(10.4	)		1,454			1,537			(5.4	)		1,284		959			33.9			6,058		5,967			1.5
	65		73		(11.0	)		529			560			(5.5	)		60		29			*			1,797		1,852			(3.0	)

	116		129		(10.1	)		925			977			(5.3	)		1,224		930			31.6			4,261		4,115			3.5
	–		–		–			(29	)		(30	)		3.3			148		142			4.2			119		112			6.3

$	116	$	129		(10.1	)	$	896		$	947			(5.4	)	$	1,372	$	1,072			28.0		$	4,380	$	4,227			3.6


$	1,687	$	1,264		33.5	%	$	6,030		$	5,904			2.1	%	$	203	$	203			–	%	$	66,719	$	59,790			11.6	%
	654		607		7.7			–			–			–			107		123			(13.0	)		37,872		36,389			4.1
	775		379		*			–			–			–			1		4			(75.0	)		47,055		39,328			19.6
	–		–		–			16,627			16,675			(.3	)		–		–			–			16,627		16,675			(.3	)
	1,544		1,516		1.8			744			817			(8.9	)		–		–			–			47,034		47,940			(1.9	)

	4,660		3,766		23.7			23,401			23,396			–			311		330			(5.8	)		215,307		200,122			7.6
	14		12		16.7			5			5			–			3,272		4,953			(33.9	)		10,375		13,609			(23.8	)

	4,674		3,778		23.7			23,406			23,401			–			3,583		5,283			(32.2	)		225,682		213,731			5.6
	1,529		1,468		4.2			2,509			2,349			6.8			–		–			–			9,157		8,936			2.5
	174		172		1.2			584			717			(18.5	)		2		4			(50.0	)		3,079		2,715			13.4
	7,513		6,477		16.0			29,659			29,684			(.1	)		97,370		100,867			(3.5	)		351,048		340,807			3.0
	13,807		13,904		(.7	)		694			638			8.8			432		481			(10.2	)		67,183		65,423			2.7
	4,716		3,950		19.4			444			1,329			(66.6	)		1		1			–			48,347		45,522			6.2
	27,081		23,203		16.7			54			37			45.9			85		136			(37.5	)		86,635		75,360			15.0
	5,228		4,892		6.9			–			–			–			842		479			75.8			46,119		46,673			(1.2	)

	50,832		45,949		10.6			1,192			2,004			(40.5	)		1,360		1,097			24.0			248,284		232,978			6.6
	2,375		2,223		6.8			6,033			5,698			5.9			11,874		11,724			1.3			39,675		37,105			6.9