i US BANCORP \DE\ i false i FY i 0000036104Includes
only collateral pledged by
the Company where counterparties have the right to sell or pledge the collateral.Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21 percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity.Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security
is purchased at par or a discount.Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par.Reflects dividends declared per share on
the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, respectively.Effective
January 1, 2020,
the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses. Upon adoption,
the
Company increased its allowance for credit losses and reduced retained earnings net of deferred taxes through a cumulative-effect adjustment.Reflects dividends declared per share on
the Company’s Series A, Series B, Series F, Series H, Series I, Series J, Series K and Series L Non-Cumulative Perpetual Preferred Stock of $3,558.332, $889.58, $1,625.00, $1,287.52, $1,281.25, $1,325.00, $1,375.00 and $203.13, respectively. Reflects dividends declared per share on
the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L, Series M and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778 and $202.986, respectively. The weighted-average maturity of total available-for-sale investment securities was 3.4
years at
December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.Represents stock issuance costs originally recorded in preferred stock upon the issuance of
the Company’s Series I and Series F Preferred Stock that were reclassified to retained earnings on the date
the Company announced its intent to redeem the outstanding shares.Represents stock issuance costs originally recorded in preferred stock upon the issuance of
the Company’s Series H Preferred Stock that were reclassified to retained earnings on the date
the Company announced its intent to redeem the outstanding
shares.Effective
January 1, 2020,
the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses.
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