U.S. Bancorp (Parent Company) (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Statement of Financial Position of Parent Company Only

Condensed Balance Sheet

At December 31 (Dollars in Millions)	2013		2012
Assets
Due from banks, principally interest-bearing	$	8,371	$	3,630
Available-for-sale securities		463		425
Investments in bank subsidiaries		37,558		38,007
Investments in nonbank subsidiaries		1,546		1,445
Advances to bank subsidiaries		2,250		6,173
Advances to nonbank subsidiaries		1,534		1,404
Other assets		1,628		1,550
Total assets	$	53,350	$	52,634
Liabilities and Shareholders’ Equity
Short-term funds borrowed	$	138	$	134
Long-term debt		11,416		12,772
Other liabilities		683		730
Shareholders’ equity		41,113		38,998
Total liabilities and shareholders’ equity	$	53,350	$	52,634

Condensed Income Statement of Parent Company Only

Condensed Statement of Income

Year Ended December 31 (Dollars in Millions)	2013			2012			2011
Income
Dividends from bank subsidiaries	$	6,100		$	250		$	1,500
Dividends from nonbank subsidiaries		9			4			7
Interest from subsidiaries		118			96			101
Other income		66			149			134
Total income		6,293			499			1,742
Expense
Interest expense		325			393			425
Other expense		81			122			79
Total expense		406			515			504
Income (loss) before income taxes and equity in undistributed income of subsidiaries		5,887			(16	)		1,238
Applicable income taxes		(88	)		(85	)		(83	)
Income of parent company		5,975			69			1,321
Equity in undistributed income (losses) of subsidiaries		(139	)		5,578			3,551
Net income attributable to U.S. Bancorp	$	5,836		$	5,647		$	4,872

Condensed Statement of Cash Flows of Parent Company Only

Condensed Statement of Cash Flows

Year Ended December 31 (Dollars in Millions)	2013			2012			2011
Operating Activities
Net income attributable to U.S. Bancorp	$	5,836		$	5,647		$	4,872
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed (income) losses of subsidiaries		139			(5,578	)		(3,551	)
Other, net		(40	)		(35	)		12
Net cash provided by operating activities		5,935			34			1,333
Investing Activities
Proceeds from sales and maturities of investment securities		75			979			297
Purchases of investment securities		(118	)		(35	)		(36	)
Equity distributions from subsidiaries		12			845			77
Net (increase) decrease in short-term advances to subsidiaries		4,543			207			(4,613	)
Long-term advances to subsidiaries		(750	)		(500	)		–
Other, net		(9	)		(22	)		(3	)
Net cash provided by (used in) investing activities		3,753			1,474			(4,278	)
Financing Activities
Net increase (decrease) in short-term borrowings		4			105			(31	)
Proceeds from issuance of long-term debt		1,500			3,550			2,426
Principal payments or redemption of long-term debt		(2,850	)		(5,412	)		(851	)
Proceeds from issuance of preferred stock		487			2,163			676
Proceeds from issuance of common stock		524			395			180
Redemption of preferred stock		(500	)		–			–
Repurchase of common stock		(2,282	)		(1,856	)		(514	)
Cash dividends paid on preferred stock		(254	)		(204	)		(118	)
Cash dividends paid on common stock		(1,576	)		(1,347	)		(817	)
Net cash provided by (used in) financing activities		(4,947	)		(2,606	)		951
Change in cash and due from banks		4,741			(1,098	)		(1,994	)
Cash and due from banks at beginning of year		3,630			4,728			6,722
Cash and due from banks at end of year	$	8,371		$	3,630		$	4,728