Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Line of Business Financial Performance

Table 11  Line of Business Financial Performance

	Wholesale Banking and Commercial Real Estate								Consumer and Small Business Banking
Three Months Ended March 31 (Dollars in Millions)	2015		2014			Percent Change			2015		2014		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	513	$	484			6.0	%	$	1,047	$	1,088		(3.8	)%
Noninterest income		221		244			(9.4	)		623		618		.8
Securities gains (losses), net		–		–			–			–		–		–
Total net revenue		734		728			.8			1,670		1,706		(2.1	)
Noninterest expense		330		312			5.8			1,173		1,113		5.4
Other intangibles		1		1			–			10		8		25.0
Total noninterest expense		331		313			5.8			1,183		1,121		5.5
Income before provision and income taxes		403		415			(2.9	)		487		585		(16.8	)
Provision for credit losses		59		(18	)		*			12		133		(91.0	)
Income before income taxes		344		433			(20.6	)		475		452		5.1
Income taxes and taxable-equivalent adjustment		125		158			(20.9	)		173		164		5.5
Net income		219		275			(20.4	)		302		288		4.9
Net (income) loss attributable to noncontrolling interests		–		–			–			–		–		–
Net income attributable to U.S. Bancorp	$	219	$	275			(20.4	)	$	302	$	288		4.9
Average Balance Sheet
Commercial	$	62,831	$	54,485			15.3	%	$	9,649	$	8,333		15.8	%
Commercial real estate		21,697		20,573			5.5			19,198		18,622		3.1
Residential mortgages		17		22			(22.7	)		49,796		50,294		(1.0	)
Credit card		–		–			–			–		–		–
Other retail		3		4			(25.0	)		47,241		45,482		3.9
Total loans, excluding covered loans		84,548		75,084			12.6			125,884		122,731		2.6
Covered loans		–		245			*			5,163		6,049		(14.6	)
Total loans		84,548		75,329			12.2			131,047		128,780		1.8
Goodwill		1,648		1,604			2.7			3,681		3,515		4.7
Other intangible assets		21		21			–			2,493		2,741		(9.0	)
Assets		93,045		82,243			13.1			146,556		141,689		3.4
Noninterest-bearing deposits		34,794		32,183			8.1			24,863		21,981		13.1
Interest checking		7,706		10,464			(26.4	)		39,019		34,880		11.9
Savings products		25,857		17,098			51.2			52,544		48,093		9.3
Time deposits		17,149		18,385			(6.7	)		16,954		18,710		(9.4	)
Total deposits		85,506		78,130			9.4			133,380		123,664		7.9
Total U.S. Bancorp shareholders’ equity		8,225		7,526			9.3			11,530		11,569		(.3	)

* Not meaningful

Wealth Management and Securities Services									Payment Services									Treasury and Corporate Support									Consolidated Company
2015			2014			Percent Change			2015			2014			Percent Change			2015			2014			Percent Change			2015			2014			Percent Change
$	92		$	80			15.0	%	$	465		$	414			12.3	%	$	635		$	640			(.8	)%	$	2,752		$	2,706			1.7	%
	356			339			5.0			777			775			.3			177			127			39.4			2,154			2,103			2.4
	–			–			–			–			–			–			–			5			*			–			5			*
	448			419			6.9			1,242			1,189			4.5			812			772			5.2			4,906			4,814			1.9
	350			333			5.1			595			569			4.6			174			168			3.6			2,622			2,495			5.1
	7			9			(22.2	)		25			31			(19.4	)		–			–			–			43			49			(12.2	)
	357			342			4.4			620			600			3.3			174			168			3.6			2,665			2,544			4.8
	91			77			18.2			622			589			5.6			638			604			5.6			2,241			2,270			(1.3	)
	(2	)		(4	)		50.0			197			201			(2.0	)		(2	)		(6	)		66.7			264			306			(13.7	)
	93			81			14.8			425			388			9.5			640			610			4.9			1,977			1,964			.7
	34			29			17.2			155			141			9.9			46			60			(23.3	)		533			552			(3.4	)
	59			52			13.5			270			247			9.3			594			550			8.0			1,444			1,412			2.3
	–			–			–			(8	)		(9	)		11.1			(5	)		(6	)		16.7			(13	)		(15	)		13.3
$	59		$	52			13.5		$	262		$	238			10.1		$	589		$	544			8.3		$	1,431		$	1,397			2.4
$	2,292		$	1,848			24.0	%	$	6,595		$	5,997			10.0	%	$	141		$	171			(17.5	)%	$	81,508		$	70,834			15.1	%
	590			616			(4.2	)		–			–			–			1,186			239			*			42,671			40,050			6.5
	1,609			1,266			27.1			–			–			–			4			2			*			51,426			51,584			(.3	)
	–			–			–			17,823			17,407			2.4			–			–			–			17,823			17,407			2.4
	1,449			1,474			(1.7	)		627			697			(10.0	)		–			–			–			49,320			47,657			3.5
	5,940			5,204			14.1			25,045			24,101			3.9			1,331			412			*			242,748			227,532			6.7
	1			8			(87.5	)		–			5			*			38			2,020			(98.1	)		5,202			8,327			(37.5	)
	5,941			5,212			14.0			25,045			24,106			3.9			1,369			2,432			(43.7	)		247,950			235,859			5.1
	1,568			1,565			.2			2,481			2,519			(1.5	)		–			–			–			9,378			9,203			1.9
	137			171			(19.9	)		425			507			(16.2	)		–			1			*			3,076			3,441			(10.6	)
	9,178			8,227			11.6			30,988			30,370			2.0			122,069			101,783			19.9			401,836			364,312			10.3
	12,714			14,716			(13.6	)		892			698			27.8			1,248			1,246			.2			74,511			70,824			5.2
	7,345			5,420			35.5			587			540			8.7			1			1			–			54,658			51,305			6.5
	31,318			27,080			15.6			87			70			24.3			116			103			12.6			109,922			92,444			18.9
	2,996			4,163			(28.0	)		–			–			–			2,270			1,648			37.7			39,369			42,906			(8.2	)
	54,373			51,379			5.8			1,566			1,308			19.7			3,635			2,998			21.2			278,460			257,479			8.1
	2,298			2,296			.1			5,780			5,668			2.0			16,245			14,702			10.5			44,078			41,761			5.5