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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 20,319 $ 15,705
Investment securities    
Held-to-maturity (fair value $42,906 and $42,435, respectively) 43,393 42,991
Available-for-sale ($822 and $755 pledged as collateral, respectively) [1] 67,031 66,284
Loans held for sale (including $2,687 and $4,822 of mortgage loans carried at fair value, respectively) 2,738 4,826
Loans    
Commercial 94,491 93,386
Commercial real estate 42,832 43,098
Residential mortgages 58,266 57,274
Credit card 20,387 21,749
Other retail 53,966 53,864
Total loans, excluding covered loans 269,942 269,371
Covered loans 3,635 3,836
Total loans 273,577 273,207
Less allowance for loan losses (3,816) (3,813)
Net loans 269,761 269,394
Premises and equipment 2,432 2,443
Goodwill 9,348 9,344
Other intangible assets 3,313 3,303
Other assets (including $462 and $314 of trading securities at fair value pledged as collateral, respectively) [1] 31,187 31,674
Total assets 449,522 445,964
Deposits    
Noninterest-bearing 85,222 86,097
Interest-bearing [2] 251,651 248,493
Total deposits 336,873 334,590
Short-term borrowings 12,183 13,963
Long-term debt 35,948 33,323
Other liabilities 16,085 16,155
Total liabilities 401,089 398,031
Shareholders' equity    
Preferred stock 5,419 5,501
Common stock, par value $0.01 a share - authorized: 4,000,000,000 shares; issued: 3/31/17 and 12/31/16 - 2,125,725,742 shares 21 21
Capital surplus 8,388 8,440
Retained earnings 51,069 50,151
Less cost of common stock in treasury: 3/31/17 - 433,951,270 shares; 12/31/16 - 428,813,585 shares (15,660) (15,280)
Accumulated other comprehensive income (loss) (1,439) (1,535)
Total U.S. Bancorp shareholders' equity 47,798 47,298
Noncontrolling interests 635 635
Total equity 48,433 47,933
Total liabilities and equity $ 449,522 $ 445,964
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[2] lncludes time deposits greater than $250,000 balances of $3.7 billion and $3.0 billion at March 31, 2017 and December 31, 2016, respectively.