US Bancorp FR Y-9LP Reports at March 31, 2025

Board of Governors of the Federal Reserve System

FR Y-9LP

OMB Number 7100-0128

Approval expires December 31, 2027

Page 1 of 10

Parent Company Only Financial Statements for Large

Holding Companies-FR Y-9LP

Report at the close of business as of the last calendar day of the quarter

This Report is required by law: Section 5(c) of the BHC Act companies are holding companies with total consolidated (12 U.S.C. § 1844(c)), section 10 of Home Owners' Loan Act assets of $3 billion or more, or holding companies that meet certain (HOLA) (12 U.S.C. § 1467a(b)), section 618 of the Dodd-Frank criteria, regardless of size. When such holding companies are tiered Act (12 U.S.C. § 1850a(c)(1)), section 165 of the Dodd-Frank Act holding companies, separate reports are also to be filed by each (12 U.S.C. § 5365), and section 252.153(b)(2) of Regulation YY of the subsidiary holding companies. The Federal Reserve may (12 CFR 252.153(b)(2)). not conduct or sponsor, and an organization (or a person) is not

required to respond to, a collection of information unless it displays This report form is to be filed by the parent company of large a currently valid OMB control number.

holding companies. For purposes of this report, large holding

NOTE: The Parent Company Only Financial Statements for Large Holding Companies must be signed and attested by the Chief Financial Officer (CFO) of the reporting holding company (or by the individual performing this equivalent function).

I, the undersigned CFO (or equivalent) of the named holding company, attest that the Parent Company Only Financial Statements for Large Holding Companies for this report date have been prepared in conformance with the instructions issued by the Federal Reserve System and are true and correct to the best of my knowledge and belief.

Date of Report: March 31, 2025

Month / Day / Year (BHCP 9999)

CONF U.S. Bancorp

Printed Name of Chief Financial Officer (or Equivalent) (BHCP C490) Legal Title of Holding Company (RSSD 9017)

800 Nicollet Mall

Signature of Chief Financial Officer (or Equivalent) (BHCP H321) (Mailing Address of the Holding Company) Street / P.O. Box (RSSD 9110)

05/08/2025MinneapolisMN55402-7020

Date of Signature (MM/DD/YYYY) (BHPX J196) City (RSSD 9130) State (RSSD 9200) Zip Code (RSSD 9220)

Holding companies must maintain in their files a manually signed and attested printout of the data submitted.

Person to whom questions about this report should be directed:

CONF

Name / Title (BHPX 8901)

CONF

Area Code / Phone Number (BHPX 8902)

CONF

Area Code / FAX Number (BHPX 9116)

CONF

E-mail Address of Contact (BHPX 4086)

Is confidential treatment requested for any portion of this report submission?....................

In accordance with the General Instructions for this report (check only one),

1. a letter justifying this request is being provided along

   with the report (BHCP KY38)..........................................................

2. a letter justifying this request has been provided

separately (BHCP KY38) ...............................................................

Public reporting burden for this information collection is estimated to vary from 2 to 13.5 hours per response, with an average of 5.25 hours per response, including time to gather and maintain data in the required form and to review instructions and complete the information collection. Comments regarding this burden estimate or any other aspect of this information collection, including suggestions for reducing the burden, may be sent to Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551, and to the Office of Management and Budget, Paperwork Reduction Project (7100-0128), Washington, DC 20503.

U.S. Bancorp

Name of Holding Company

FR Y-9LP

Page 2 of 10

Schedule PI-Parent Company Only Income Statement

Report at the close of business 03/31/2025

MM / DD / YYYY

Report the Income Statement on a calendar year-to-date basis.

Dollar Amounts in Thousands

1. Operating Income:

   1. Income from bank subsidiaries and associated banks, excluding equity in undistributed income:

      1. Dividends .....................................................................................................................................................

      2. Interest .........................................................................................................................................................

      3. Management and service fees .....................................................................................................................

      4. Other ............................................................................................................................................................

      5. Total (sum of items 1.a(1) through 1.a(4)) ...................................................................................................

   2. Income from nonbank subsidiaries and associated nonbank companies, excluding equity in undistributed income:

      1. Dividends .....................................................................................................................................................

      2. Interest .........................................................................................................................................................

      3. Management and service fees .....................................................................................................................

      4. Other ............................................................................................................................................................

      5. Total (sum of items 1.b(1) through 1.b(4)) ...................................................................................................

   3. (This item is to be completed only by holding companies that have subsidiary holding companies or associated holding companies.)

      Income from subsidiary holding companies and associated holding companies, excluding equity in undistributed income:

      1. Dividends .....................................................................................................................................................

      2. Interest .........................................................................................................................................................

      3. Management and service fees .....................................................................................................................

      4. Other ............................................................................................................................................................

      5. Total (sum of items 1.c(1) through 1.c(4)) ...................................................................................................

   4. Securities gains/(losses) ....................................................................................................................................

   5. All other operating income .................................................................................................................................

   6. Total operating income (sum of items 1.a(5), 1.b(5), 1.c(5), 1.d, and 1.e) .........................................................

2. Operating expense:

   1. Salaries and employee benefits ........................................................................................................................

   2. Interest expense ................................................................................................................................................

   3. Provision for credit losses(1)..............................................................................................................................

   4. All other expenses .............................................................................................................................................

   5. Total operating expense (sum of items 2.a through 2.d) ...................................................................................

3. a. Income (loss) before change in net unrealized holding gains (losses) on equity securities not

   1.a.(1)

   1.a.(2)

   1.a.(3)

   1.a.(4)

   1.a.(5)

   1.b.(1)

   1.b.(2)

   1.b.(3)

   1.b.(4)

   1.b.(5)

   1.c.(1)

   1.c.(2)

   1.c.(3)

   1.c.(4)

   1.c.(5)

   1.d.

   1.e.

   1.f.

   2.a.

   2.b.

   2.c.

   2.d.

   2.e.

   held for trading, applicable income taxes, and discontinued operations (item1.f minus item 2.e).....................			3.a.
   b. Change in net unrealized holding gains (losses) on equity securities not held for trading (2).............................			3.b.
   c. Income (loss) before applicable income taxes, discontinued operations and undistributed income
   (sum of items 3.a and 3.b) .................................................................................................................................			3.c.
   4. Applicable income taxes ........................................................................................................................................			4.
   5. Discontinued operations, net of applicable income taxes ......................................................................................			5.
   6. Income (loss) before undistributed income of subsidiaries and associated companies

   (sum of items 3.c and 5 minus item 4) ...................................................................................................................

   1. Equity in undistributed income (losses) of subsidiaries and associated companies:

      1. Bank ..................................................................................................................................................................

      2. Nonbank ............................................................................................................................................................

      3. Subsidiary holding companies ...........................................................................................................................

   2. Net Income (loss) (sum of items 6, 7.a, 7.b, and 7.c).............................................................................................

   6.

   7.a.

   7.b.

   7.c.

   8.

   1. Holding companies should report in item 2.c. the provisions for credit losses for all financial assets and off-balance-sheet credit exposures.

   2. Item 3.b is to be completed by all holding companies. See the instructions for this item and the FR Y-9C Glossary entry for "Securities Activities" for further detail on accounting for investments in equity securities.

   Schedule PI-Continued

   Memoranda

   	BHCP	Amount
   	4647	0
   	4635	0
   	4605	0
   	C254	0
   	J980	0

   Dollar Amounts in Thousands

   1. Noncash items included in operating expense ...............................................................................................

   2. Loan and lease financing receivables charged-off .........................................................................................

   3. Loan and lease financing receivables recoveries ..........................................................................................

   4. Interest expense paid to special-purpose subsidiaries that issued trust preferred securities

      (included in item 2.d above) ...........................................................................................................................

      Memorandum item 5 is to be completed by holding companies that have elected to account for financial instruments or servicing assets and liabilities at fair value under a fair value option.

   5. Net change in fair values of financial instruments accounted for under a fair value option ...........................

      FR Y-9LP

      Page 3 of 10

      M.1.

      M.2.

      M.3.

      M.4.

      M.5.

      INSTRUCTIONS MUST BE REVIEWED AS THIS SCHEDULE REQUIRES NEGATIVE ENTRIES FOR CERTAIN REPORTED ITEMS. FR Y-9LP

      Page 4 of 10

      	BHCP	Amount
      	BHPA
      	4340	1,709,000
      	BHCP
      	3611	3,690
      	3612	0
      	3613	(331,202)
      	3615	23,842
      	3616	(108,628)
      	3617	545,531
      	3618	133,233
      	3619	1,842,233

      Schedule PI-A-Cash Flow Statement

      Part I. Cash Flows from Operating Activities:

      Dollar Amounts in Thousands

      1. Net income (loss) (must equal Schedule PI, item 8) .....................................................................

      2. Adjustments to reconcile net income to net cash provided by operating activities:

         1. Provision for deferred income taxes .........................................................................................

         2. (Gain) or loss on sales of assets ..............................................................................................

         3. Equity in undistributed (earnings) losses of subsidiaries..........................................................

         4. Not applicable.

         5. Net change in other liabilities ...................................................................................................

         6. Net change in other assets ......................................................................................................

         7. Other, net .................................................................................................................................

         8. Total adjustments (sum of items 2.a through 2.g) ....................................................................

      3. Net cash provided (used) by operating activities (sum of Part I, items 1 and 2.h) ........................

      	BHCP	Amount
      Part II. Cash Flows from Investing Activities: (sum of Part II, items 2, 2.a, 4, 6, and 7 minus items 1, 1.a, 3, and 5) ..........................................
      	6552	0
      	HU25	0
      	6567	1,185
      	HU26	0
      	6571	10,410,261
      	6573	6,424,111
      	F737	0
      	F817	0
      	6588	88
      	6589	(3,984,877)

      1. Purchases of held-to-maturity and available-for-sale securities ....................................................

         1. Purchases of equity securities with readily determinable fair value (1) ......................................

      2. Sales and maturities of held-to-maturity and available-for-sale securities ....................................

         1. Sales and maturities of equity securities with readily determinable fair value(1) .......................

      3. Payments for investments in and advances to subsidiaries ..........................................................

      4. Sale or repayment of investments in and advances to subsidiaries ..............................................

      5. Outlays for business acquisitions...................................................................................................

      6. Proceeds from business divestitures .............................................................................................

      7. Other, net ......................................................................................................................................

      8. Net cash provided (used) by investing activities

      	BHCP	Amount
      Part III. Cash Flows from Financing Activities: (sum of Part III, items 1, 3, 5, 7, 9, and 12 minus items 4, 6, 8, 10, and 11) .................................
      	F818	0
      	6592	0
      	6596	0
      	6600	2,754,536
      	6604	0
      	6607	16,000
      	8518	160,000
      	6619	0
      	6741	0
      	6742	859,000
      	6743	0
      	6744	1,751,536

      1. Net change in purchased funds and other short-term borrowings ................................................

      2. Not applicable.

      3. Proceeds from advances from subsidiaries ..................................................................................

      4. Repayment of advances from subsidiaries ...................................................................................

      5. Proceeds from issuance of long-term debt ....................................................................................

      6. Repayment of long-term debt ........................................................................................................

      7. Proceeds from issuance of common stock ....................................................................................

      8. Payment to repurchase common stock .........................................................................................

      9. Proceeds from issuance of preferred stock ...................................................................................

      10. Payment to repurchase preferred stock ........................................................................................

      11. Dividends paid ...............................................................................................................................

      12. Other, net ......................................................................................................................................

      13. Net cash provided (used) by financing activities

      	BHCP	Amount
      Part IV. Cash and Cash Equivalents: (sum of Part I, item 3, Part II, item 8, and Part III, item 13) ...........................................................
      	6758	(391,108)
      	6773	9,377,440
      	6775	8,986,332

      1. Net (decrease) increase in cash and cash equivalents

      2. Cash and cash equivalents at beginning of year ...........................................................................

      3. Cash and cash equivalents, current year-to-date (sum of Part IV, items 1 and 2) ........................

      1.

      2.a.

      2.b.

      2.c.

      2.e.

      2.f.

      2.g.

      2.h.

      3.

      1. 1.a.

      1.

      3.

1.

2.

3.

1. To be completed by all holding companies. See the instructions for this item and the FR Y-9C Glossary entry for "Securities Activities" for further detail on accounting for investments in equity securities.

Schedule PC-Parent Company Only Balance Sheet

FR Y-9LP

Page 5 of 10

1.a.

1.b.

2.a.

2.b.

2.c.

3.

4.a.(1)

4.a.(2)

4.b.

4.c.

4.d.

4.e.

4.f.

5.

7.a.

7.b.

7.c.

8.

9.a.

9.b.

9.c.

10.

1. Holding companies should report held-to-maturity securities net of any applicable allowance for credit loss.

2. Holding companies should report in items 3 and 8 amounts net of any applicable allowance for credit loss.

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U.S. Bancorp published this content on May 08, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2025 at 14:58 UTC.