Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2016

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)	2016		2015		Percent Change			2016			2015		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	520	$	480		8.3	%	$	1,167		$	1,139		2.5	%
Noninterest income		206		220		(6.4	)		552			620		(11.0	)
Securities gains (losses), net		–		–		–			–			–		–
Total net revenue		726		700		3.7			1,719			1,759		(2.3	)
Noninterest expense		338		327		3.4			1,198			1,174		2.0
Other intangibles		1		1		–			8			10		(20.0	)
Total noninterest expense		339		328		3.4			1,206			1,184		1.9
Income before provision and income taxes		387		372		4.0			513			575		(10.8	)
Provision for credit losses		201		57		*			(65	)		12		*
Income before income taxes		186		315		(41.0	)		578			563		2.7
Income taxes and taxable-equivalent adjustment		68		115		(40.9	)		210			205		2.4
Net income		118		200		(41.0	)		368			358		2.8
Net (income) loss attributable to noncontrolling interests		–		–		–			–			–		–
Net income attributable to U.S. Bancorp	$	118	$	200		(41.0	)	$	368		$	358		2.8
Average Balance Sheet
Commercial	$	69,353	$	62,714		10.6	%	$	10,192		$	9,642		5.7	%
Commercial real estate		19,471		19,247		1.2			19,197			19,183		.1
Residential mortgages		6		9		(33.3	)		52,126			49,771		4.7
Credit card		–		–		–			–			–		–
Other retail		2		3		(33.3	)		49,004			47,239		3.7
Total loans, excluding covered loans		88,832		81,973		8.4			130,519			125,835		3.7
Covered loans		–		–		–			4,466			5,163		(13.5	)
Total loans		88,832		81,973		8.4			134,985			130,998		3.0
Goodwill		1,647		1,648		(.1	)		3,681			3,680		–
Other intangible assets		18		21		(14.3	)		2,513			2,493		.8
Assets		97,255		90,501		7.5			149,320			146,503		1.9
Noninterest-bearing deposits		36,352		34,428		5.6			26,303			24,819		6.0
Interest checking		6,850		7,674		(10.7	)		42,180			39,013		8.1
Savings products		35,774		25,486		40.4			56,211			52,472		7.1
Time deposits		12,118		17,142		(29.3	)		14,651			16,952		(13.6	)
Total deposits		91,094		84,730		7.5			139,345			133,256		4.6
Total U.S. Bancorp shareholders’ equity		8,755		8,049		8.8			11,084			11,529		(3.9	)

* Not meaningful

Wealth Management and Securities Services									Payment Services									Treasury and Corporate Support									Consolidated Company
2016			2015			Percent Change			2016			2015			Percent Change			2016			2015			Percent Change			2016			2015			Percent Change
$	117		$	80			46.3	%	$	527		$	467			12.8	%	$	557		$	586			(4.9	)%	$	2,888		$	2,752			4.9	%
	379			358			5.9			816			777			5.0			193			179			7.8			2,146			2,154			(.4	)
	–			–			–			–			–			–			3			–			*			3			–			*
	496			438			13.2			1,343			1,244			8.0			753			765			(1.6	)		5,037			4,906			2.7
	368			353			4.2			647			598			8.2			153			170			(10.0	)		2,704			2,622			3.1
	6			7			(14.3	)		30			25			20.0			–			–			–			45			43			4.7
	374			360			3.9			677			623			8.7			153			170			(10.0	)		2,749			2,665			3.2
	122			78			56.4			666			621			7.2			600			595			.8			2,288			2,241			2.1
	(4	)		(2	)		*			192			197			(2.5	)		6			–			*			330			264			25.0
	126			80			57.5			474			424			11.8			594			595			(.2	)		1,958			1,977			(1.0	)
	46			29			58.6			172			154			11.7			61			30			*			557			533			4.5
	80			51			56.9			302			270			11.9			533			565			(5.7	)		1,401			1,444			(3.0	)
	–			–			–			(9	)		(8	)		(12.5	)		(6	)		(5	)		(20.0	)		(15	)		(13	)		(15.4	)
$	80		$	51			56.9		$	293		$	262			11.8		$	527		$	560			(5.9	)	$	1,386		$	1,431			(3.1	)
$	2,893		$	2,292			26.2	%	$	7,022		$	6,595			6.5	%	$	360		$	265			35.8	%	$	89,820		$	81,508			10.2	%
	535			586			(8.7	)		–			–			–			3,198			3,655			(12.5	)		42,401			42,671			(.6	)
	2,076			1,634			27.1			–			–			–			–			12			*			54,208			51,426			5.4
	–			–			–			20,244			17,823			13.6			–			–			–			20,244			17,823			13.6
	1,540			1,451			6.1			551			627			(12.1	)		–			–			–			51,097			49,320			3.6
	7,044			5,963			18.1			27,817			25,045			11.1			3,558			3,932			(9.5	)		257,770			242,748			6.2
	–			1			*			–			–			–			45			38			18.4			4,511			5,202			(13.3	)
	7,044			5,964			18.1			27,817			25,045			11.1			3,603			3,970			(9.2	)		262,281			247,950			5.8
	1,567			1,568			(.1	)		2,464			2,482			(.7	)		–			–			–			9,359			9,378			(.2	)
	109			137			(20.4	)		508			425			19.5			–			–			–			3,148			3,076			2.3
	10,172			9,201			10.6			33,999			30,988			9.7			130,811			124,643			4.9			421,557			401,836			4.9
	12,959			12,750			1.6			961			892			7.7			1,994			1,622			22.9			78,569			74,511			5.4
	8,840			7,354			20.2			–			587			*			40			30			33.3			57,910			54,658			5.9
	33,144			31,399			5.6			95			87			9.2			488			478			2.1			125,712			109,922			14.4
	3,545			2,997			18.3			–			–			–			3,373			2,278			48.1			33,687			39,369			(14.4	)
	58,488			54,500			7.3			1,056			1,566			(32.6	)		5,895			4,408			33.7			295,878			278,460			6.3
	2,371			2,299			3.1			6,326			5,780			9.4			18,202			16,421			10.8			46,738			44,078			6.0