Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [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)	2017			2016		Percent Change			2017		2016			Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	587		$	529		11.0	%	$	1,222	$	1,157			5.6	%
Noninterest income		244			206		18.4			585		551			6.2
Securities gains (losses), net		(3	)		–		*			–		–			–
Total net revenue		828			735		12.7			1,807		1,708			5.8
Noninterest expense		384			348		10.3			1,272		1,210			5.1
Other intangibles		1			1		–			7		8			(12.5	)
Total noninterest expense		385			349		10.3			1,279		1,218			5.0
Income before provision and income taxes		443			386		14.8			528		490			7.8
Provision for credit losses		36			201		(82.1	)		65		(67	)		*
Income before income taxes		407			185		*			463		557			(16.9	)
Income taxes and taxable-equivalent adjustment		148			67		*			168		203			(17.2	)
Net income		259			118		*			295		354			(16.7	)
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–			–
Net income attributable to U.S. Bancorp	$	259		$	118		*		$	295	$	354			(16.7	)
Average Balance Sheet
Commercial	$	72,413		$	69,496		4.2	%	$	9,915	$	10,048			(1.3	)%
Commercial real estate		21,305			20,644		3.2			18,555		18,025			2.9
Residential mortgages		8			6		33.3			55,248		52,126			6.0
Credit card		–			–		–			–		–			–
Other retail		1			2		(50.0	)		51,689		49,004			5.5
Total loans, excluding covered loans		93,727			90,148		4.0			135,407		129,203			4.8
Covered loans		–			–		–			3,717		4,466			(16.8	)
Total loans		93,727			90,148		4.0			139,124		133,669			4.1
Goodwill		1,647			1,647		–			3,681		3,681			–
Other intangible assets		15			18		(16.7	)		2,768		2,513			10.1
Assets		102,308			98,444		3.9			153,666		148,019			3.8
Noninterest-bearing deposits		36,882			36,702		.5			26,974		25,965			3.9
Interest checking		9,256			6,861		34.9			46,320		42,141			9.9
Savings products		48,804			35,823		36.2			59,895		56,127			6.7
Time deposits		12,431			12,120		2.6			13,260		14,649			(9.5	)
Total deposits		107,373			91,506		17.3			146,449		138,882			5.4
Total U.S. Bancorp shareholders’ equity		9,680			8,817		9.8			11,523		11,019			4.6

* Not meaningful

Wealth Management and Securities Services								Payment Services									Treasury and Corporate Support									Consolidated Company
2017		2016			Percent Change			2017			2016			Percent Change			2017			2016			Percent Change			2017			2016			Percent Change
$	179	$	117			53.0	%	$	549		$	527			4.2	%	$	458		$	558			(17.9	)%	$	2,995		$	2,888			3.7	%
	398		379			5.0			857			816			5.0			216			194			11.3			2,300			2,146			7.2
	–		–			–			–			–			–			32			3			*			29			3			*
	577		496			16.3			1,406			1,343			4.7			706			755			(6.5	)		5,324			5,037			5.7
	399		370			7.8			692			656			5.5			153			120			27.5			2,900			2,704			7.2
	5		6			(16.7	)		31			30			3.3			–			–			–			44			45			(2.2	)
	404		376			7.4			723			686			5.4			153			120			27.5			2,944			2,749			7.1
	173		120			44.2			683			657			4.0			553			635			(12.9	)		2,380			2,288			4.0
	1		(2	)		*			241			192			25.5			2			6			(66.7	)		345			330			4.5
	172		122			41.0			442			465			(4.9	)		551			629			(12.4	)		2,035			1,958			3.9
	63		44			43.2			161			169			(4.7	)		9			74			(87.8	)		549			557			(1.4	)
	109		78			39.7			281			296			(5.1	)		542			555			(2.3	)		1,486			1,401			6.1
	–		–			–			(7	)		(9	)		22.2			(6	)		(6	)		–			(13	)		(15	)		13.3
$	109	$	78			39.7		$	274		$	287			(4.5	)	$	536		$	549			(2.4	)	$	1,473		$	1,386			6.3
$	3,189	$	2,894			10.2	%	$	7,611		$	7,022			8.4	%	$	611		$	360			69.7	%	$	93,739		$	89,820			4.4	%
	510		534			(4.5	)		–			–			–			2,788			3,198			(12.8	)		43,158			42,401			1.8
	2,644		2,076			27.4			–			–			–			–			–			–			57,900			54,208			6.8
	–		–			–			20,845			20,244			3.0			–			–			–			20,845			20,244			3.0
	1,614		1,540			4.8			480			551			(12.9	)		–			–			–			53,784			51,097			5.3
	7,957		7,044			13.0			28,936			27,817			4.0			3,399			3,558			(4.5	)		269,426			257,770			4.5
	–		–			–			–			–			–			15			45			(66.7	)		3,732			4,511			(17.3	)
	7,957		7,044			13.0			28,936			27,817			4.0			3,414			3,603			(5.2	)		273,158			262,281			4.1
	1,566		1,567			(.1	)		2,453			2,464			(.4	)		–			–			–			9,347			9,359			(.1	)
	87		109			(20.2	)		437			508			(14.0	)		–			–			–			3,307			3,148			5.1
	11,437		10,285			11.2			34,588			33,999			1.7			139,312			130,810			6.5			441,311			421,557			4.7
	13,862		12,889			7.5			1,024			961			6.6			1,996			2,052			(2.7	)		80,738			78,569			2.8
	10,065		8,864			13.5			–			–			–			40			44			(9.1	)		65,681			57,910			13.4
	42,116		33,176			26.9			99			95			4.2			454			491			(7.5	)		151,368			125,712			20.4
	4,756		3,545			34.2			–			–			–			199			3,373			(94.1	)		30,646			33,687			(9.0	)
	70,799		58,474			21.1			1,123			1,056			6.3			2,689			5,960			(54.9	)		328,433			295,878			11.0
	2,402		2,374			1.2			6,407			6,326			1.3			17,911			18,202			(1.6	)		47,923			46,738			2.5