Banking

US Bancorp : December 31, 2022 U.S. Bank N.A. (Cincinnati, OH)



Report at the close of business December 31, 2022

This report is required by law: 12 U.S.C. § 324 (State member banks); 12 U.S.C. §1817 (State nonmember banks); 12 U.S.C. §161 (National banks); and 12 U.S.C. §1464 (Savings associations).

Board of Governors of the Federal Reserve System

OMB Number 7100-0036

Federal Deposit Insurance Corporation

OMB Number 3064-0052

Office of the Comptroller of the Currency

OMB Number 1557-0081

Approval expires December 31, 2024

Page 1 of 91

Federal Financial Institutions Examination Council

Consolidated Reports of Condition and Income for

a Bank with Domestic and Foreign Offices-FFIEC 031

20221231

(RCON 9999)

This report form is to be filed by (1) banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities, (2) banks

Unless the context indicates otherwise, the term “bank” in this with domestic offices only and total consolidated assets of $100

report form refers to both banks and savings associations.billion or more, and (3) banks that are advanced approaches institutions for regulatory capital purposes.

NOTE: Each bank’s board of directors and senior management are

schedules) for this report date have been prepared

in

confor-

responsible for establishing and maintaining an effective system of

mance with the instructions issued by the appropriate Federal

internal control, including controls over the Reports of Condition and

regulatory authority and are true and correct to the best of my

Income. The Reports of Condition and Income are to be prepared in

knowledge and belief.

accordance with federal regulatory authority instructions. The Reports

of Condition and Income must be signed by the Chief Financial

We,

the

undersigned

directors

(trustees),

attest

to the

correct-

Officer (CFO) of the reporting bank (or by the individual performing an

ness of the Reports of Condition and Income (including the sup-

equivalent function) and attested to by not less than two directors

porting

schedules)

for

this report date and declare that

the

(trustees) for state nonmember banks and three directors for state

Reports of Condition and Income have been examined

by

us

and

member banks, national banks, and savings associations.

to the best of our knowledge and belief have been prepared in

conformance with the instructions issued by

the

appropriate

I, the undersigned CFO (or equivalent) of the named bank, attest

Federal regulatory authority and are true and correct.

that the Reports of Condition and Income (including the supporting

Director (Trustee)

Signature of Chief Financial Officer (or Equivalent)

Director (Trustee)

January 30, 2023

Date of Signature

Director (Trustee)

Submission of Reports

Each bank must file its Reports of Condition and Income (Call

To

fulfill

the signature

and attestation requirement

for

the

Reports

Report) data by either:

of Condition and Income for this report date, attach your bank’s

completed

signature

page (or a

photocopy

or a

computer

gener-

  1. Using computer software to prepare its Call Report and then ated version of this page) to the hard-copy record of the data file

submitting the report data directly to the FFIEC’s

Central Data submitted to the CDR that your bank must place in its files.

Repository (CDR), an Internet-based system for

data collec-

tion (https://cdr.ffiec.gov/cdr/), or

The appearance of your bank’s hard-copy record of the

  1. Completing its Call Report in paper form and arranging with a submitted data file need not match exactly the appearance of the

software vendor or another party to convert the data into the

FFIEC’s sample report

forms, but should show at least the

electronic format that can be processed by the CDR. The soft-

caption of each Call Report item and the reported amount.

ware vendor or other party then must electronically submit the

U.S. Bank National Association

bank’s data file to the CDR.

For technical assistance with submissions to the CDR, please

Legal Title of Bank (RSSD 9017)

Cincinnati

contact the CDR Help Desk by telephone at (888) CDR-3111, by

fax at (703) 774-3946, or by e-mail at [email protected].

City (RSSD 9130)

FDIC Certificate Number

6548

OH

45202

(RSSD 9050)

State Abbreviation (RSSD 9200)

Zip Code (RSSD 9220)

Legal Entity Identifier (LEI)

6BYL5QZYBDK8S7L73M02

(Report only if your institution already has an LEI.) (RCON 9224)

The estimated average burden associated with this information collection is 86.49 hours per respondent and is expected to vary by institution, depending on individual circumstances. Burden estimates include the time for reviewing instructions, gathering and maintaining data in the required form, and completing the information collection, but exclude the time for compiling and maintaining business records in the normal course of a respondent’s activities. A Federal agency may not conduct or sponsor, and an organization (or a person) is not required to respond to a collection of information, unless it displays a currently valid OMB control number. Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the Office of Information and Regulatory Affairs, Office of Management and Budget, Washington, DC 20503, and to one of the following: Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551; Legislative and Regulatory Analysis Division, Office of the Comptroller of the Currency, Washington, DC 20219; Assistant Executive Secretary, Federal Deposit Insurance Corporation, Washington, DC 20429.

12/2022

FFIEC 031

Page 2 of 91

Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices

Table of Contents

Signature Page

1

Contact Information

3, 4

Report of Income

Schedule RI-Income Statement

RI-1, 2, 3, 4

Schedule RI-A-Changes in Bank Equity Capital

RI-5

Schedule RI-B-Charge-offs and Recoveries on

Loans and Leases and Changes in Allowances

for Credit Losses:

Part I. Charge-offs and Recoveries on Loans and

Leases

RI-5, 6

Part II. Changes in Allowances for Credit

Losses

RI-7

Schedule RI-C-Disaggregated Data on the

Allowance for Loan and Lease Losses

(to be completed only by selected banks):

Part I. Disaggregated Data on the Allowance for Loan

and Lease Losses

RI-8

Part II. Disaggregated Data on the Allowances for Credit

Losses

RI-9

Schedule RI-D-Income from Foreign Offices……………………………..RI-10

Schedule RI-E-Explanations……………………………………………RI-11,12

Report of Condition

Schedule RC-Balance Sheet

RC-1, 2, 3

Schedule RC-A-Cash and Balances Due

from Depository Institutions

RC-4

Schedule RC-B-Securities

RC-4, 5, 6, 7, 8

Schedule RC-C-Loans and Lease Financing

Receivables:

Part I. Loans and Leases

RC-9, 10, 11, 12, 13

Part II. Loans to Small Businesses and

Small Farms

RC-14, 15

Schedule RC-D-Trading Assets and Liabilities (to be completed only by selected

banks)………………………………………………………………RC-16, 17

Schedule RC-E-Deposit Liabilities:

Part I. Deposits in Domestic Offices

RC-18, 19, 20

Part II. Deposits in Foreign Offices (including

Edge and Agreement Subsidiaries and IBFs)

RC-20

Schedule RC-F-Other Assets

RC-21

Schedule RC-G-Other Liabilities

RC-21

Schedule RC-H-Selected Balance Sheet Items for

Domestic Offices

RC-22, 23

Schedule RC-I-Assets and Liabilities of IBFs

RC-23

Schedule RC-K-QuarterlyAverages……………………………RC-24

Schedule RC-L-Derivatives and

Off-Balance-SheetItems………………………….RC-25, 26, 27, 28

Schedule RC-M-Memoranda……………………RC-29, 30, 31, 32

Schedule RC-N-Past Due and Nonaccrual Loans,

Leases, and Other Assets………………….RC-33, 34, 35, 36, 37

Schedule RC-O-Other Data for Deposit Insurance Assessments………………..…….….…RC- 38, 39, 40, 41, 42, 43

Schedule RC-P-1-4 Family Residential Mortgage

Banking Activities in Domestic Offices

(to be completed only by selected banks)

……………………RC-44

Schedule RC-Q-Assets and Liabilities Measured

at Fair Value on a Recurring Basis

(to be completed only by selected banks)

…………RC-45, 46, 47

Schedule RC-R-Regulatory Capital:

Part I. Regulatory Capital Components

and Ratios

RC-48, 49, 50, 51, 52

Part II. Risk-Weighted Assets

RC-53, 54,

55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66

Schedule RC-S-Servicing, Securitization,

and Asset Sale Activities

RC-67, 68, 69

Schedule RC-T-Fiduciary and Related Services……………………………………………RC-70, 71, 72, 73

Schedule RC-V-Variable Interest Entities

RC-74

Optional Narrative Statement Concerning

the Amounts Reported in…………………………………………….the Consolidated Reports

RC-75

of Condition and Income

For information or assistance, national banks, state nonmember banks, and savings associations should contact the FDIC’s Data Collection and Analysis Section, 550 17th Street, NW, Washington, DC 20429, toll free on (800) 688-FDIC(3342), Monday through Friday between 8:00 a.m. and 5:00 p.m., Eastern Time. State member banks should contact their Federal Reserve District Bank.

06/2020

FFIEC 031

Page 3 of 91

Contact Information for the Reports of Condition and Income

To facilitate communication between the Agencies and the bank concerning the Reports of Condition and Income, please provide contact information for (1) the Chief Financial Officer (or equivalent) of the bank signing the reports for this quarter, and (2) the person

at the bank -other than the Chief Financial Officer (or equivalent) – to whom questions about the reports should be directed. If the Chief Financial Officer (or equivalent) is the primary contact for questions about the reports, please provide contact information for another person at the bank who will serve as a secondary contact for communications between the Agencies and the bank concerning the Reports of Condition and Income. Enter “none” for the contact’s e-mail address or fax number if not available. Contact information for the Reports of Condition and Income is for the confidential use of the Agencies and will not be released to the public.

Chief Financial Officer (or Equivalent)

Other Person to Whom Questions about the

Signing the Reports

Reports Should be Directed

CONF

CONF

Name (TEXT C490)

Name (TEXT C495)

CONF

CONF

Title (TEXT C491)

Title (TEXT C496)

CONF

CONF

E-mail Address (TEXT C492)

E-mail Address (TEXT 4086)

CONF

CONF

Area Code / Phone Number / Extension (TEXT C493)

Area Code / Phone Number / Extension (TEXT 8902)

CONF

CONF

Area Code / FAX Number (TEXT C494)

Area Code / FAX Number (TEXT 9116)

Chief Executive Officer Contact Information

This information is being requested so the Agencies can distribute notifications about policy initiatives, deposit insurance assessments, and other matters directly to the Chief Executive Officers of reporting institutions. Notifications about other matters may include emergency notifications that may or may not also be sent to the institution’s emergency contacts listed below. Please provide contact information for the Chief Executive Officer of the reporting institution. Enter “none” for the Chief Executive Officer’s e-mail address or fax number if not available. Chief Executive Officer contact information is for the confidential use of the Agencies and will not be released to the public.

Chief Executive Officer

CONF

CONF

Name (TEXT FT42)

Area Code / Phone Number / Extension (TEXT FT43)

CONF

CONF

E-mail Address (TEXT FT44)

Area Code / FAX Number (TEXT FT45)

Emergency Contact Information

This information is being requested so the Agencies can distribute critical, time-sensitive information to emergency contacts at banks. Please provide primary contact information for a senior official of the bank who has decision-making authority. Also provide information for a secondary contact if available. Enter “none” for the contact’s e-mail address or fax number if not available. Emergency contact information is for the confidential use of the Agencies and will not be released to the public.

Primary Contact

Secondary Contact

CONF

CONF

Name (TEXT C366)

Name (TEXT C371)

CONF

CONF

Title (TEXT C367)

Title (TEXT C372)

CONF

CONF

E-mail Address (TEXT C368)

E-mail Address (TEXT C373)

CONF

CONF

Area Code / Phone Number / Extension (TEXT C369)

Area Code / Phone Number / Extension (TEXT C374)

CONF

CONF

Area Code / FAX Number (TEXT C370)

Area Code / FAX Number (TEXT C375)

09/2016

FFIEC 031

Page 4 of 91

USA PATRIOT Act Section 314(a) Anti-Money Laundering

Contact Information

This information is being requested to identify points-of-contact who are in charge of your bank’s USA PATRIOT Act Section 314(a) information requests. Bank personnel listed could be contacted by law enforcement officers or the Financial Crimes Enforcement Network (FinCEN) for additional information related to specific Section 314(a) search requests or other anti-terrorist financing and anti- money-laundering matters. Communications sent by FinCEN to the bank for purposes other than Section 314(a) notifications will state the intended purpose and should be directed to the appropriate bank personnel for review. Any disclosure of customer records to law enforcement officers or FinCEN must be done in compliance with applicable law, including the Right to Financial Privacy Act (12 U.S.C. 3401 et seq.).

Please provide information for a primary and secondary contact. Information for a third and fourth contact may be provided at the bank’s option. Enter “none” for the contact’s e-mail address if not available. This contact information is for the confidential use of the Agencies, FinCEN, and law enforcement officers and will not be released to the public.

Primary Contact

Secondary Contact

CONF

CONF

Name (TEXT C437)

Name (TEXT C442)

CONF

CONF

Title (TEXT C438)

Title (TEXT C443)

CONF

CONF

E-mail Address (TEXT C439)

E-mail Address (TEXT C444)

CONF

CONF

Area Code/ Phone Number/ Extension (TEXT C440)

Area Code/ Phone Number/ Extension (TEXT C445)

Third Contact

Fourth Contact

CONF

CONF

Name (TEXT C870)

Name (TEXT C875)

CONF

CONF

Title (TEXT C871)

Title (TEXT C876)

CONF

CONF

E-mail Address (TEXT C872)

E-mail Address (TEXT C877)

CONF

CONF

Area Code/ Phone Number/ Extension (TEXT C873)

Area Code/ Phone Number/ Extension (TEXT C878)

06/2012

Consolidated Report of Income

for the period January 1, 2022-December 31, 2022

All Report of Income schedules are to be reported on a calendar year-to-date basis in thousands of dollars.

Schedule RI-Income Statement

Dollar Amounts in Thousands

RIAD

1. Interest income:

a. Interest and fee income on loans:

(1) In domestic offices:

(a) Loans secured by real estate:

(1) Loans secured by 1-4 family residential properties

4435

(2) All other loans secured by real estate

4436

(b) Loans to finance agricultural production and other loans to farmers

4024

(c) Commercial and industrial loans

4012

(d) Loans to individuals for household, family, and other personal expenditures:

(1) Credit cards

B485

(2) Other (includes revolving credit plans other than credit cards, automobile loans,

and other consumer loans)

B486

(e) Loans to foreign governments and official institutions

4056

(f) All other loans in domestic offices

B487

(2) In foreign offices, Edge and Agreement subsidiaries, and IBFs

4059

(3) Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(2))

4010

b. Income from lease financing receivables

4065

c. Interest income on balances due from depository institutions (1)

4115

d. Interest and dividend income on securities:

(1) U.S. Treasury securities and U.S. Government agency obligations

(excluding mortgage-backed securities)

B488

(2) Mortgage-backed securities

B489

(3) All other securities

(includes securities issued by states and political subdivisions in the U.S.)

4060

e. Interest income from trading assets

4069

f. Interest income on federal funds sold and securities purchased under agreements to resell

4020

g. Other interest income

4518

h. Total interest income (sum of items 1.a.(3) through 1.g)

4107

2. Interest expense:

a. Interest on deposits:

(1) Interest on deposits in domestic offices:

(a) Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS

accounts, and telephone and preauthorized transfer accounts)

4508

(b) Nontransaction accounts:

(1) Savings deposits (includes MMDAs)

0093

(2) Time deposits of $250,000 or less

HK03

(3) Time deposits of more than $250,000

HK04

(2) Interest on deposits in foreign offices, Edge and Agreement subsidiaries, and IBFs

4172

b. Expense of federal funds purchased and securities sold under agreements to repurchase

4180

c. Interest on trading liabilities and other borrowed money

4185

1. Includes interest income on time certificates of deposit not held for trading.

FFIEC 031

Page 5 of 91

RI-1

Amount

3,361,640 1.a.(1)(a)(1)

1,514,215 1.a.(1)(a)(2)

28,802 1.a.(1)(b)

3,340,067 1.a.(1)(c)

2,640,147 1.a.(1)(d)(1)

1,508,318 1.a.(1)(d)(2)

0 1.a.(1)(e)

722,536 1.a.(1)(f)

9,662 1.a.(2)

13,125,387 1.a.(3)

438,125 1.b.

512,978 1.c.

445,193 1.d.(1)

2,501,545 1.d.(2)

375,465 1.d.(3)

6,118 1.e.

631 1.f.

93,144 1.g.

17,498,586 1.h.

164,914 2.a.(1)(a)

1,353,071 2.a.(1)(b)(1)

81,121 2.a.(1)(b)(2)

86,065 2.a.(1)(b)(3)

212,936 2.a.(2)

33,106 2.b.

748,835 2.c.

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U.S. Bancorp published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 15:37:02 UTC.

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Analyst Recommendations on US BANCORP

Sales 2022 24 486 M

Net income 2022 5 986 M

Net Debt 2022

P/E ratio 2022 11,9x
Yield 2022 3,85%
Capitalization 74 676 M
74 676 M
Capi. / Sales 2022 3,05x
Capi. / Sales 2023 2,51x
Nbr of Employees 77 000
Free-Float 70,4%



Duration :


Period :




US Bancorp Technical Analysis Chart | MarketScreener

Technical analysis trends US BANCORP

Short Term Mid-Term Long Term
Trends Bullish Neutral Neutral

Income Statement Evolution

Sell

Buy

Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 48,80 $
Average target price 54,59 $
Spread / Average Target 11,9%




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