TABLE 25 LINE OF BUSINESS FINANCIAL PERFORMANCE


	Wholesale Banking and Commercial Real Estate							Consumer and Small Business Banking
Year Ended December 31 (Dollars in Millions)	2015		2014		Percent Change			2015		2014		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	2,034	$	2,030		.2	%	$	4,617	$	4,717		(2.1	)%
Noninterest income		890		965		(7.8	)		2,497		2,601		(4.0	)
Securities gains (losses), net		–		–		–			–		–		–
Total net revenue		2,924		2,995		(2.4	)		7,114		7,318		(2.8	)
Noninterest expense		1,295		1,224		5.8			4,818		4,552		5.8
Other intangibles		4		4		–			40		40		–
Total noninterest expense		1,299		1,228		5.8			4,858		4,592		5.8
Income before provision and income taxes		1,625		1,767		(8.0	)		2,256		2,726		(17.2	)
Provision for credit losses		235		51		*			127		393		(67.7	)
Income before income taxes		1,390		1,716		(19.0	)		2,129		2,333		(8.7	)
Income taxes and taxable-equivalent adjustment		506		624		(18.9	)		775		850		(8.8	)
Net income		884		1,092		(19.0	)		1,354		1,483		(8.7	)
Net (income) loss attributable to noncontrolling interests		–		–		–			–		–		–
Net income attributable to U.S. Bancorp	$	884	$	1,092		(19.0	)	$	1,354	$	1,483		(8.7	)
Average Balance Sheet
Commercial	$	64,369	$	57,864		11.2	%	$	10,051	$	9,070		10.8	%
Commercial real estate		19,415		18,452		5.2			19,006		18,825		1.0
Residential mortgages		8		12		(33.3	)		50,007		50,405		(.8	)
Credit card		–		–		–			–		–		–
Other retail		2		4		(50.0	)		46,964		46,220		1.6
Total loans, excluding covered loans		83,794		76,332		9.8			126,028		124,520		1.2
Covered loans		–		190		*			4,934		5,780		(14.6	)
Total loans		83,794		76,522		9.5			130,962		130,300		.5
Goodwill		1,647		1,627		1.2			3,682		3,603		2.2
Other intangible assets		20		21		(4.8	)		2,594		2,674		(3.0	)
Assets		92,205		83,787		10.0			147,832		144,137		2.6
Noninterest-bearing deposits		36,018		32,302		11.5			26,137		23,743		10.1
Interest checking		7,436		10,557		(29.6	)		39,957		36,222		10.3
Savings products		28,047		18,321		53.1			53,813		49,974		7.7
Time deposits		15,025		18,140		(17.2	)		15,829		17,951		(11.8	)
Total deposits		86,526		79,320		9.1			135,736		127,890		6.1
Total U.S. Bancorp shareholders’ equity		8,251		7,568		9.0			10,953		11,484		(4.6	)

*	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

$	386	$	383		.8	%	$	1,930		$	1,749			10.3	%	$	2,247		$	2,118			6.1	%	$	11,214		$	10,997			2.0	%
	1,466		1,396		5.0			3,371			3,292			2.4			868			907			(4.3	)		9,092			9,161			(.8	)
	–		–		–			–			–			–			–			3			*			–			3			*
	1,852		1,779		4.1			5,301			5,041			5.2			3,115			3,028			2.9			20,306			20,161			.7
	1,420		1,343		5.7			2,540			2,310			10.0			684			1,087			(37.1	)		10,757			10,516			2.3
	28		33		(15.2	)		102			122			(16.4	)		–			–			–			174			199			(12.6	)
	1,448		1,376		5.2			2,642			2,432			8.6			684			1,087			(37.1	)		10,931			10,715			2.0
	404		403		.2			2,659			2,609			1.9			2,431			1,941			25.2			9,375			9,446			(.8	)
	–		9		*			787			766			2.7			(17	)		10			*			1,132			1,229			(7.9	)
	404		394		2.5			1,872			1,843			1.6			2,448			1,931			26.8			8,243			8,217			.3
	147		143		2.8			681			670			1.6			201			22			*			2,310			2,309			–
	257		251		2.4			1,191			1,173			1.5			2,247			1,909			17.7			5,933			5,908			.4
	–		–		–			(31	)		(35	)		11.4			(23	)		(22	)		(4.5	)		(54	)		(57	)		5.3
$	257	$	251		2.4		$	1,160		$	1,138			1.9		$	2,224		$	1,887			17.9		$	5,879		$	5,851			.5

$	2,321	$	1,964		18.2	%	$	7,059		$	6,542			7.9	%	$	283		$	294			(3.7	)%	$	84,083		$	75,734			11.0	%
	571		602		(5.1	)		–			–			–			3,423			2,713			26.2			42,415			40,592			4.5
	1,816		1,392		30.5			–			–			–			9			9			–			51,840			51,818			–
	–		–		–			18,057			17,635			2.4			–			–			–			18,057			17,635			2.4
	1,517		1,457		4.1			596			672			(11.3	)		–			–			–			49,079			48,353			1.5
	6,225		5,415		15.0			25,712			24,849			3.5			3,715			3,016			23.2			245,474			234,132			4.8
	1		5		(80.0	)		–			5			*			50			1,580			(96.8	)		4,985			7,560			(34.1	)
	6,226		5,420		14.9			25,712			24,854			3.5			3,765			4,596			(18.1	)		250,459			241,692			3.6
	1,567		1,568		(.1	)		2,474			2,514			(1.6	)		–			–			–			9,370			9,312			.6
	126		159		(20.8	)		411			484			(15.1	)		–			–			–			3,151			3,338			(5.6	)
	9,178		8,500		8.0			31,796			31,097			2.2			127,854			112,483			13.7			408,865			380,004			7.6
	14,469		15,157		(4.5	)		879			740			18.8			1,700			1,513			12.4			79,203			73,455			7.8
	7,944		5,877		35.2			605			555			9.0			32			37			(13.5	)		55,974			53,248			5.1
	33,984		29,361		15.7			91			78			16.7			481			439			9.6			116,416			98,173			18.6
	3,344		3,901		(14.3	)		–			–			–			1,360			1,772			(23.3	)		35,558			41,764			(14.9	)
	59,741		54,296		10.0			1,575			1,373			14.7			3,573			3,761			(5.0	)		287,151			266,640			7.7
	2,308		2,284		1.1			5,868			5,697			3.0			17,433			15,804			10.3			44,813			42,837			4.6