TABLE 24 LINE OF BUSINESS FINANCIAL PERFORMANCE


	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Year Ended December 31 (Dollars in Millions)	2014		2013			Percent Change			2014		2013		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	2,061	$	2,011			2.5	%	$	4,313	$	4,598		(6.2	)%
Noninterest income		976		1,092			(10.6	)		2,602		2,892		(10.0	)
Securities gains (losses), net		–		–			–			–		–		–
Total net revenue		3,037		3,103			(2.1	)		6,915		7,490		(7.7	)
Noninterest expense		1,238		1,218			1.6			4,571		4,482		2.0
Other intangibles		4		8			(50.0	)		41		41		–
Total noninterest expense		1,242		1,226			1.3			4,612		4,523		2.0
Income before provision and income taxes		1,795		1,877			(4.4	)		2,303		2,967		(22.4	)
Provision for credit losses		43		(89	)		*			393		600		(34.5	)
Income before income taxes		1,752		1,966			(10.9	)		1,910		2,367		(19.3	)
Income taxes and taxable-equivalent adjustment		637		716			(11.0	)		695		862		(19.4	)
Net income		1,115		1,250			(10.8	)		1,215		1,505		(19.3	)
Net (income) loss attributable to noncontrolling interests		–		–			–			–		–		–
Net income attributable to U.S. Bancorp	$	1,115	$	1,250			(10.8	)	$	1,215	$	1,505		(19.3	)
Average Balance Sheet
Commercial	$	57,989	$	50,774			14.2	%	$	9,074	$	8,495		6.8	%
Commercial real estate		20,954		19,566			7.1			18,836		17,923		5.1
Residential mortgages		20		26			(23.1	)		50,414		47,080		7.1
Credit card		–		–			–			–		–		–
Other retail		4		7			(42.9	)		46,221		44,848		3.1
Total loans, excluding covered loans		78,967		70,373			12.2			124,545		118,346		5.2
Covered loans		190		363			(47.7	)		5,779		6,566		(12.0	)
Total loans		79,157		70,736			11.9			130,324		124,912		4.3
Goodwill		1,628		1,604			1.5			3,602		3,514		2.5
Other intangible assets		21		25			(16.0	)		2,675		2,406		11.2
Assets		86,361		77,180			11.9			144,164		140,248		2.8
Noninterest-bearing deposits		32,642		31,037			5.2			23,771		22,104		7.5
Interest checking		10,599		10,507			.9			36,227		33,046		9.6
Savings products		18,667		14,105			32.3			50,034		46,357		7.9
Time deposits		18,147		18,482			(1.8	)		17,953		21,138		(15.1	)
Total deposits		80,055		74,131			8.0			127,985		122,645		4.4
Total U.S. Bancorp shareholders’ equity		7,743		7,287			6.3			11,483		12,218		(6.0	)

*	Not meaningful


Wealth Management and Securities Services							Payment Services									Treasury and Corporate Support								Consolidated Company
2014		2013		Percent Change			2014			2013			Percent Change			2014			2013		Percent Change			2014			2013		Percent Change

$	370	$	342		8.2	%	$	1,740		$	1,584			9.8	%	$	2,513		$	2,293		9.6	%	$	10,997		$	10,828		1.6	%
	1,395		1,267		10.1			3,292			3,205			2.7			896			309		*			9,161			8,765		4.5
	–		–		–			–			–			–			3			9		(66.7	)		3			9		(66.7	)
	1,765		1,609		9.7			5,032			4,789			5.1			3,412			2,611		30.7			20,161			19,602		2.9
	1,349		1,306		3.3			2,356			2,282			3.2			1,002			763		31.3			10,516			10,051		4.6
	33		37		(10.8	)		121			137			(11.7	)		–			–		–			199			223		(10.8	)
	1,382		1,343		2.9			2,477			2,419			2.4			1,002			763		31.3			10,715			10,274		4.3
	383		266		44.0			2,555			2,370			7.8			2,410			1,848		30.4			9,446			9,328		1.3
	9		6		50.0			766			769			(.4	)		18			54		(66.7	)		1,229			1,340		(8.3	)
	374		260		43.8			1,789			1,601			11.7			2,392			1,794		33.3			8,217			7,988		2.9
	137		94		45.7			651			582			11.9			189			2		*			2,309			2,256		2.3
	237		166		42.8			1,138			1,019			11.7			2,203			1,792		22.9			5,908			5,732		3.1
	–		–		–			(35	)		(39	)		10.3			(22	)		143		*			(57	)		104		*
$	237	$	166		42.8		$	1,103		$	980			12.6		$	2,181		$	1,935		12.7		$	5,851		$	5,836		.3

$	1,960	$	1,711		14.6	%	$	6,542		$	6,086			7.5	%	$	169		$	208		(18.8	)%	$	75,734		$	67,274		12.6	%
	607		652		(6.9	)		–			–			–			195			96		*			40,592			38,237		6.2
	1,383		875		58.1			–			–			–			1			1		–			51,818			47,982		8.0
	–		–		–			17,635			16,813			4.9			–			–		–			17,635			16,813		4.9
	1,456		1,533		(5.0	)		672			737			(8.8	)		–			–		–			48,353			47,125		2.6
	5,406		4,771		13.3			24,849			23,636			5.1			365			305		19.7			234,132			217,431		7.7
	4		14		(71.4	)		5			5			–			1,582			3,095		(48.9	)		7,560			10,043		(24.7	)
	5,410		4,785		13.1			24,854			23,641			5.1			1,947			3,400		(42.7	)		241,692			227,474		6.3
	1,568		1,535		2.1			2,514			2,511			.1			–			–		–			9,312			9,164		1.6
	159		173		(8.1	)		483			572			(15.6	)		–			2		*			3,338			3,178		5.0
	8,489		7,644		11.1			31,098			29,844			4.2			109,892			97,764		12.4			380,004			352,680		7.7
	15,120		14,595		3.6			739			703			5.1			1,183			581		*			73,455			69,020		6.4
	5,866		4,789		22.5			555			449			23.6			1			1		–			53,248			48,792		9.1
	29,288		26,819		9.2			78			57			36.8			106			90		17.8			98,173			87,428		12.3
	3,899		4,903		(20.5	)		–			–			–			1,765			694		*			41,764			45,217		(7.6	)
	54,173		51,106		6.0			1,372			1,209			13.5			3,055			1,366		*			266,640			250,457		6.5
	2,283		2,385		(4.3	)		5,697			6,046			(5.8	)		15,631			11,981		30.5			42,837			39,917		7.3