Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Line of Business Financial Performance

Wholesale Banking and Commercial Real Estate									Consumer and Small Business Banking
Year Ended December 31 (Dollars in Millions)	2013			2012		Percent Change				2013		2012			Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	2,088		$	2,104		(.8	)%		$	4,554	$	4,737			(3.9	)%
Noninterest income		1,092			1,234		(11.5	)			2,904		3,565			(18.5	)
Securities gains (losses), net		–			–		–				–		–			–
Total net revenue		3,180			3,338		(4.7	)			7,458		8,302			(10.2	)
Noninterest expense		1,248			1,265		(1.3	)			4,684		4,923			(4.9	)
Other intangibles		8			16		(50.0	)			40		51			(21.6	)
Total noninterest expense		1,256			1,281		(2.0	)			4,724		4,974			(5.0	)
Income before provision and income taxes		1,924			2,057		(6.5	)			2,734		3,328			(17.8	)
Provision for credit losses		(97	)		2		*				607		1,167			(48.0	)
Income before income taxes		2,021			2,055		(1.7	)			2,127		2,161			(1.6	)
Income taxes and taxable-equivalent adjustment		736			748		(1.6	)			774		786			(1.5	)
Net income		1,285			1,307		(1.7	)			1,353		1,375			(1.6	)
Net (income) loss attributable to noncontrolling interests		–			–		–				–		(1	)		*
Net income attributable to U.S. Bancorp	$	1,285		$	1,307		(1.7	)		$	1,353	$	1,374			(1.5	)
Average Balance Sheet
Commercial	$	50,873		$	45,091		12.8	%		$	8,396	$	8,225			2.1	%
Commercial real estate		20,550			19,635		4.7				16,934		16,136			4.9
Residential mortgages		26			60		(56.7	)			47,081		39,827			18.2
Credit card		–			–		–				–		–			–
Other retail		8			7		14.3				44,847		45,594			(1.6	)
Total loans, excluding covered loans		71,457			64,793		10.3				117,258		109,782			6.8
Covered loans		363			921		(60.6	)			6,566		7,510			(12.6	)
Total loans		71,820			65,714		9.3				123,824		117,292			5.6
Goodwill		1,604			1,604		–				3,515		3,515			–
Other intangible assets		25			36		(30.6	)			2,406		1,787			34.6
Assets		78,253			71,606		9.3				139,174		134,258			3.7
Noninterest-bearing deposits		31,153			31,224		(.2	)			21,969		20,386			7.8
Interest checking		10,515			10,354		1.6				33,006		29,911			10.3
Savings products		14,144			9,413		50.3				46,308		43,342			6.8
Time deposits		18,481			17,197		7.5				21,136		23,787			(11.1	)
Total deposits		74,293			68,188		9.0				122,419		117,426			4.3
Total U.S. Bancorp shareholders’ equity		7,356			6,436		14.3				12,148		11,268			7.8

* 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
	$	356	$	355		.3	%		$	1,584		$	1,548			2.3	%		$	2,246		$	2,225			.9	%		$	10,828	$	10,969			(1.3	)%
		1,235		1,121		10.2				3,205			3,195			.3				329			219			50.2				8,765		9,334			(6.1	)
		–		–		–				–			–			–				9			(15	)		*				9		(15	)		*
		1,591		1,476		7.8				4,789			4,743			1.0				2,584			2,429			6.4				19,602		20,288			(3.4	)
		1,304		1,155		12.9				1,964			1,830			7.3				851			1,009			(15.7	)			10,051		10,182			(1.3	)
		36		40		(10.0	)			139			167			(16.8	)			–			–			–				223		274			(18.6	)
		1,340		1,195		12.1				2,103			1,997			5.3				851			1,009			(15.7	)			10,274		10,456			(1.7	)
		251		281		(10.7	)			2,686			2,746			(2.2	)			1,733			1,420			22.0				9,328		9,832			(5.1	)
		6		14		(57.1	)			769			697			10.3				55			2			*				1,340		1,882			(28.8	)
		245		267		(8.2	)			1,917			2,049			(6.4	)			1,678			1,418			18.3				7,988		7,950			.5
		89		96		(7.3	)			697			746			(6.6	)			(40	)		84			*				2,256		2,460			(8.3	)
		156		171		(8.8	)			1,220			1,303			(6.4	)			1,718			1,334			28.8				5,732		5,490			4.4
		–		–		–				(39	)		(38	)		(2.6	)			143			196			(27.0	)			104		157			(33.8	)
	$	156	$	171		(8.8	)		$	1,181		$	1,265			(6.6	)		$	1,861		$	1,530			21.6			$	5,836	$	5,647			3.3
	$	1,712	$	1,333		28.4	%		$	6,086		$	5,962			2.1	%		$	207		$	219			(5.5	)%		$	67,274	$	60,830			10.6	%
		650		609		6.7				–			–			–				103			125			(17.6	)			38,237		36,505			4.7
		874		400		*				–			–			–				1			3			(66.7	)			47,982		40,290			19.1
		–		–		–				16,813			16,653			1.0				–			–			–				16,813		16,653			1.0
		1,533		1,527		.4				737			810			(9.0	)			–			–			–				47,125		47,938			(1.7	)
		4,769		3,869		23.3				23,636			23,425			.9				311			347			(10.4	)			217,431		202,216			7.5
		14		11		27.3				5			5			–				3,095			4,711			(34.3	)			10,043		13,158			(23.7	)
		4,783		3,880		23.3				23,641			23,430			.9				3,406			5,058			(32.7	)			227,474		215,374			5.6
		1,535		1,473		4.2				2,510			2,361			6.3				–			–			–				9,164		8,953			2.4
		173		171		1.2				572			690			(17.1	)			2			4			(50.0	)			3,178		2,688			18.2
		7,643		6,538		16.9				29,843			29,580			.9				97,767			100,867			(3.1	)			352,680		342,849			2.9
		14,610		14,514		.7				703			643			9.3				585			474			23.4				69,020		67,241			2.6
		4,821		3,975		21.3				449			1,192			(62.3	)			1			1			–				48,792		45,433			7.4
		26,830		23,543		14.0				57			39			46.2				89			133			(33.1	)			87,428		76,470			14.3
		4,906		5,105		(3.9	)			–			–			–				694			477			45.5				45,217		46,566			(2.9	)
		51,167		47,137		8.5				1,209			1,874			(35.5	)			1,369			1,085			26.2				250,457		235,710			6.3
		2,385		2,232		6.9				6,046			5,701			6.1				11,982			11,974			.1				39,917		37,611			6.1