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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 70,642 $ 53,542
Held-to-maturity (fair value $76,285 and $77,874, respectively) 86,938 [1] 88,740
Available-for-sale ($327 and $858 pledged as collateral, respectively) [3] 69,221 [1],[2] 72,910
Loans held for sale (including $2,280 and $1,849 of mortgage loans carried at fair value, respectively) 2,361 2,200
Loans    
Total loans 379,428 388,213
Less allowance for loan losses (7,164) (6,936)
Net loans 372,264 381,277
Premises and equipment 3,695 3,858
Goodwill 12,486 12,373
Other intangible assets 6,634 7,155
Other assets (including $2,422 and $702 of trading securities at fair value pledged as collateral, respectively) [3] 56,584 52,750
Total assets 680,825 674,805
Deposits    
Noninterest-bearing 104,996 137,743
Interest-bearing 416,604 387,233
Total deposits 521,600 524,976
Short-term borrowings 32,334 31,216
Long-term debt 45,283 39,829
Other liabilities 28,124 27,552
Total liabilities 627,341 623,573
Shareholders' equity    
Preferred stock [4] 6,808 6,808
Common stock, par value $0.01 a share - authorized: 4,000,000,000 shares; issued: 6/30/23 and 12/31/22—2,125,725,742 shares 21 21
Capital surplus 8,742 8,712
Retained earnings 73,355 71,901
Less cost of common stock in treasury: 6/30/23—592,774,984 shares; 12/31/22—594,747,484 shares (25,189) (25,269)
Accumulated other comprehensive income (loss) (10,718) (11,407)
Total U.S. Bancorp shareholders' equity 53,019 50,766
Noncontrolling interests 465 466
Total equity 53,484 51,232
Total liabilities and equity 680,825 674,805
Commercial    
Loans    
Total loans 136,775 135,690
Commercial real estate    
Loans    
Total loans 54,357 55,487
Residential mortgages    
Loans    
Total loans [5] 114,449 115,845
Credit card    
Loans    
Total loans 26,626 26,295
Other retail    
Loans    
Total loans $ 47,221 $ 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] Amortized cost excludes portfolio level basis adjustments of $(1) million.
[3] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[4] The par value of all shares issued and outstanding at June 30, 2023 and December 31, 2022, was $1.00 per share.
[5] At June 30, 2023, $556 million of loans 30–89 days past due and $2.1 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.