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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 67,228 $ 53,542
Held-to-maturity (fair value $78,876 and $77,874, respectively) 88,462 [1] 88,740
Available-for-sale ($600 and $858 pledged as collateral, respectively) [2] 65,491 [1] 72,910
Loans held for sale (including $1,990 and $1,849 of mortgage loans carried at fair value, respectively) 2,381 2,200
Loans    
Total loans 387,866 388,213
Less allowance for loan losses (7,020) (6,936)
Net loans 380,846 381,277
Premises and equipment 3,735 3,858
Goodwill 12,560 12,373
Other intangible assets 6,883 7,155
Other assets (including $2,773 and $702 of trading securities at fair value pledged as collateral, respectively) [2] 54,791 52,750
Total assets 682,377 674,805
Deposits    
Noninterest-bearing 124,595 137,743
Interest-bearing 380,744 387,233
Total deposits 505,339 524,976
Short-term borrowings 56,875 31,216
Long-term debt 42,045 39,829
Other liabilities 24,664 27,552
Total liabilities 628,923 623,573
Shareholders' equity    
Preferred stock [3] 6,808 6,808
Common stock, par value $0.01 a share—authorized: 4,000,000,000 shares; issued: 3/31/23 and 12/31/22—2,125,725,742 shares 21 21
Capital surplus 8,699 8,712
Retained earnings 72,807 71,901
Less cost of common stock in treasury: 3/31/23—592,852,310 shares; 12/31/22—594,747,484 shares (25,193) (25,269)
Accumulated other comprehensive income (loss) (10,153) (11,407)
Total U.S. Bancorp shareholders' equity 52,989 50,766
Noncontrolling interests 465 466
Total equity 53,454 51,232
Total liabilities and equity 682,377 674,805
Commercial    
Loans    
Total loans 137,326 135,690
Commercial real estate    
Loans    
Total loans 55,158 55,487
Residential mortgages    
Loans    
Total loans [4] 116,948 115,845
Credit card    
Loans    
Total loans 25,489 26,295
Other retail    
Loans    
Total loans $ 52,945 $ 54,896
[1] The weighted-average maturity of total held-to-maturity investment securities was 9.2 years at December 31, 2022, with a corresponding weighted-average yield of 2.18 percent. The weighted-average maturity of total available-for-sale investment securities was 7.4 years at December 31, 2022, with a corresponding weighted-average yield of 2.94 percent.
[2] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[3] The par value of all shares issued and outstanding at March 31, 2023 and December 31, 2022, was $1.00 per share.
[4] At March 31, 2023, $542 million of loans 30–89 days past due and $2.2 billion of loans 90 days or more past due purchased and that could be purchased from Government National Mortgage Association (“GNMA”) mortgage pools under delinquent loan repurchase options whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $647 million and $2.2 billion at December 31, 2022, respectively.