US Bancorp : FR Y-9C Reports at March 31, 2026

Published: 2026-05-07 14:10:13 ET USB

Published on 05/07/2026 at 02:10 pm EDT

FR Y-9C

OMB Number 7100-0128

Approval expires December 31, 2028

Page 1 of 73

Consolidated Financial Statements for Holding Companies-FR Y-9C

This Report is required by law: Section 5(c) of the BHC Act companies meeting certain criteria must file this report (FR Y-9C) (12 U.S.C. § 1844(c)), section 10 of Home Owners' Loan Act regardless of size. See page 1 of the general instructions for fur-(HOLA) (12 U.S.C. § 1467a(b)), section 618 of the Dodd-Frank Act ther information. However, when such holding companies own or (12 U.S.C. § 1850a(c)(1)), section 165 of the Dodd-Frank Act control, or are owned or controlled by, other holding companies, (12 U.S.C. § 5365), and section 252.153(b)(2) of Regulation YY only the top-tier holding company must file this report for the con-(12 CFR 252.153(b)(2)). solidated holding company organization. The Federal Reserve may not conduct or sponsor, and an organization (or a person) is

This report form is to be filed by holding companies with total not required to respond to, a collection of information unless it dis-consolidated assets of $3 billion or more. In addition, holding plays a currently valid OMB control number.

NOTE: Each holding company's board of directors and senior man- Date of Report: March 31, 2026

agement are responsible for establishing and maintaining an effec- Month / Day / Year (BHCK 9999)

tive system of internal control, including controls over the Consolidated Financial Statements for Holding Companies. The Consolidated Financial Statements for Holding Companies is to be prepared in accordance with instructions provided by the Federal Reserve System. The Consolidated Financial Statements for 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 Consolidated Financial Statements for Holding Companies (including the supporting schedules) 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.

CONF U.S. Bancorp

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

800 Nicollet Mall

Signature of Chief Financial Officer (or Equivalent) (BHCK H321) (Mailing Address of the Holding Company) Street / PO Box (RSSD 9110)

05/07/2026 Minneapolis MN 55402-7020

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

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

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

a letter justifying this request is being provided along

with the report (BHCK KY38).......................................................................

a letter justifying this request has been provided

separately (BHCK KY38).............................................................................

0=No

1=Yes

BHCK

C447

Person to whom questions about this report should be directed:

CONF

Name / Title (BHTX 8901)

CONF

Area Code / Phone Number (BHTX 8902)

CONF

Area Code / FAX Number (BHTX 9116)

CONF

E-mail Address of Contact (BHTX 4086)

For Federal Reserve Bank Use Only

RSSD ID

C.I. S.F.

Holding companies must maintain in their files a physically (ink) or electronically signed and attested submitted FR Y-9C.

Public reporting burden for this information collection is estimated to vary from 5 to 1,250 hours per response, with an average of 44.79 hours per response for non-Advanced Approaches holding companies with $5 billion or more and an average of 35.59 hours per response for non-Advanced Approaches holding companies with less than $5 billion in total assets and 49.80 hours for Advanced Approaches holding companies, 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.

03/2026

This information is being requested so the Board can distribute notifications about policy initiatives and other matters directly to the Chief Executive Officers of reporting institutions. Please provide contact information for the Chief Executive Officer of the reporting institution. Enter "none" for the Chief Executive Officer's email address if not available. Chief Executive Officer contact information is for the confidential use of the Board and will not be released to the public.

CONF

Name (BHCK FT42)

CONF

Area Code / Phone Number / Extension (BHCK FT43)

CONF

E-mail Address (BHCK FT44)

12/2021

Report all Schedules of the Report of Income on a calendar year-to-date basis.

BHCK

Amount

4435

1,439,000

4436

679,000

F821

3,319,000

4059

4065

124,000

4115

350,000

B488

220,000

B489

894,000

4060

189,000

4069

35,000

4020

531,000

4518

58,000

4107

7,838,000

HK03

256,000

HK04

103,000

6761

1,898,000

4172

27,000

4180

542,000

4185

706,000

4397

43,000

4398

4073

3,575,000

4074

4,263,000

JJ33

576,000

4070

562,000

4483

310,000

A220

172,000

FR Y-9C

For Federal Reserve Bank Use Only

RSSD ID

S.F.

Page 3 of 73

Interest income

a Interest and fee income on loans:

In domestic offices:

Dollar Amounts in Thousands

Loans secured by 1 - 4 family residential properties...........................................................

All other loans secured by real estate..................................................................................

All other loans......................................................................................................................

In foreign offices, Edge and Agreement subsidiaries, and IBFs................................................ b Income from lease financing receivables.........................................................................................

c. Interest income on balances due from depository institutions (1)...................................................... d Interest and dividend income on securities:

U.S. Treasury securities and U.S. government agency obligations

(excluding mortgage-backed securities)...................................................................................

Mortgage-backed securities.......................................................................................................

All other securities.....................................................................................................................

e Interest income from trading assets (2)..............................................................................................

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

to resell.............................................................................................................................................

g Other interest income.......................................................................................................................

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

Interest expense

a Interest on deposits:

In domestic offices:

Time deposits of $250,000 or less.......................................................................................

Time deposits of more than $250,000.................................................................................

Other deposits.....................................................................................................................

In foreign offices, Edge and Agreement subsidiaries, and IBFs................................................ b Expense on federal funds purchased and securities sold under agreements to repurchase...........

c. Interest on trading liabilities and other borrowed money(2)

(excluding subordinated notes and debentures) ............................................................................. d Interest on subordinated notes and debentures and on mandatory convertible

securities (2).......................................................................................................................................

e Other interest expense.....................................................................................................................

f. Total interest expense (sum of items 2.a through 2.e).....................................................................

Net interest income (item 1.h minus item 2.f)......................................................................................

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

Noninterest income:

a Income from fiduciary activities........................................................................................................

b Service charges on deposit accounts in domestic offices................................................................

c. Trading revenue (2,4).........................................................................................................................

1.a.(1)(a)

1.a.(1)(b)

1.a.(1)(c)

1.a.(2)

1.b.

1.c.

1.d.(1)

1.d.(2)

1.d.(3)

1.e.

1.f.

1.g.

1.h.

2.a.(1)(a)

2.a.(1)(b)

2.a.(1)(c)

2.a.(2)

2.b.

2.c.

2.d.

2.e.

2.f.

5.a.

5.b.

5.c.

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

To be completed by holding companies with $5 billion or more in total assets. (Asset-size test is based on the prior year June 30 report date). Income and or expenses pertaining to these items should be reported in the "other" categories 1.g, 2.e, and 5.l, respectively by holding companies with less than $5 billion in total assets.

Holding companies should report in item 4, the provisions for credit losses for all financial assets and off-balance sheet credit exposures.

For holding companies required to complete Schedule HI, memoranda item 9, trading revenue reported in Schedule HI, item 5.c must equal the sum of memoranda items 9.a through 9.e.

03/2024

Dollar Amounts in Thousands

BHCK

Amount

Holding companies with less than $5 billion in total assets should report data items 5.d.(6) and 5.d.(7) only and leave 5.d.(1) through 5.d.(5) blank.

b. Realized gains (losses) on available-for-sale debt securities..............................................................

(excluding salaries and employee benefits and mortgage interest)....................................................

(2) Amortization expense and impairment losses for other intangible assets......................................

(sum of items 3, 5.m, 6.a, 6.b, minus items 4 and 7.e)........................................................................

(sum of items 8.a and 8.b)...................................................................................................................

(minority) interests (sum of items 10 and 11)............................................................................................

(if net income, report as a positive value; if net loss, report as a negative value).....................................

C886

126,000

C888

130,000

C887

24,000

C386

C387

1,000

KX46

N/A

KX47

N/A

B491

5,000

B492

74,000

B493

8560

68,000

8561

1,000

B496

(18,000)

B497

1,578,000

4079

3,033,000

3521

3196

(35,000)

4135

2,628,000

4217

304,000

C216

C232

110,000

4092

1,224,000

4093

4,266,000

HT69

2,419,000

HT70

4301

2,419,000

4302

469,000

4300

1,950,000

FT28

G104

1,950,000

G103

5,000

4340

1,945,000

d. Income from securities-related and insurance activities:

Fees and commissions from securities brokerage.........................................................................

Investment banking, advisory, and underwriting fees and commissions........................................

Fees and commissions from annuity sales....................................................................................

Underwriting income from insurance and reinsurance activities....................................................

Income from other insurance activities...........................................................................................

Fees and commissions from securities brokerage, investment banking, advisory, and underwriting fees and commissions...............................................................................................

Income from insurance activities(5).................................................................................................

Venture capital revenue(6)....................................................................................................................

Net servicing fees................................................................................................................................

Net securitization income(6)..................................................................................................................

Not applicable.

Net gains (losses) on sales of loans and lease...................................................................................

Net gains (losses) on sales of other real estate owned.......................................................................

Net gains (losses) on sales of other assets (7)....................................................................................

Other noninterest income (8)...............................................................................................................

Total noninterest income (sum of items 5.a through 5.l)......................................................................

a. Realized gains (losses) on held-to-maturity securities........................................................................

Noninterest expense:

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

Expenses of premises and fixed assets (net of rental income)

(1) Goodwill impairment losses............................................................................................................

Other noninterest expense (9)..............................................................................................................

Total noninterest expense (sum of items 7.a through 7.d)..................................................................

a. Income (loss) before change in net unrealized holding gains (losses) on equity securities not held for trading, applicable income taxes, and discontinued operations

Change in net unrealized holding gains (losses) on equity securities not held for trading(10)..............

Income (loss) before applicable income taxes and discontinued operations

Applicable income taxes (on item 8.c).......................................................................................................

Income (loss) before discontinued operations (item 8.c minus item 9).....................................................

Discontinued operations, net of applicable income taxes (11)....................................................................

Net income (loss) attributable to holding company and noncontrolling

LESS: Net income (loss) attributable to noncontrolling (minority) interests

Net income (loss) attributable to holding company (item 12 minus item 13).............................................

5.d.(1)

5.d.(2)

5.d.(3)

5.d.(4)

5.d.(5)

5.d.(6)

5.d.(7)

5.e.

5.f.

5.g.

5.i.

5.j.

5.k.

5.l.

5.m.

6.a.

6.b.

7.a.

7.b.

7.c.(1)

7.c.(2)

7.d.

7.e.

8.a.

8.b.

8.c.

10.

11.

12.

13.

14.

Includes underwriting income from insurance and reinsurance activities.

Excludes net gains (losses) on sales of trading assets and held-to-maturity and available-for-sale debt securities.

See Schedule HI, memoranda item 6.

See Schedule HI, memoranda item 7.

Item 8.b is to be completed by all holding companies. See the instructions for this item and the Glossary entry for "Securities Activities" for further detail on accounting for investments in equity securities.

Describe on Schedule HI, memoranda item 8.

03/2022

Schedule HI-Continued

Memoranda

Dollar Amounts in Thousands

BHCK

Amount

Memo Items 1 and 2 are to be reported by holding companies with $5 billion or more in total assets. (1)

on a fully taxable equivalent basis.............................................................................................................................

(included in Schedule HI, items 1.a and 1.b, above).................................................................................................

(included in Schedule HI, item 1.d.(3), above)..........................................................................................................

(round to nearest whole number)..............................................................................................................................

Memo Items 6.a through 6.j are to be completed annually on a calendar year-to-date basis in the December report only by holding companies with less than $5 billion in total assets. Holding companies with $5 billion or more in total assets should report these items on a quarterly basis. (1)

4519

4,291,000

4592

2,447,000

4313

48,000

4507

71,000

BHCK

Number

4150

66,840

BHCK

Amount

C013

C014

C016

4042

C015

F555

405,000

T047

TEXT 8562

Merchant processing services

8562

436,000

TEXT 8563

Corporate payment products revenue

8563

190,000

TEXT 8564

8564

Memo Items 7.a through 7.p are to be completed annually on a calendar year-to-date basis in the December report only by holding companies with less than $5 billion in total assets. Holding companies with $5 billion or more in total assets should report these items on a quarterly basis. (1)

7 Other noninterest expense (from Schedule HI, item 7.d, above) (only report amounts greater than $100,000 that exceed 7 percent of the sum of Schedule HI, item 7.d):

C017

142,000

0497

190,000

4136

C018

8403

4141

4146

CONF

F556

F557

F558

F559

Y923

Net interest income (item 3 above) on a fully taxable equivalent basis.....................................................................

Net income before applicable income taxes, and discontinued operations (item 8.c above)

Income on tax-exempt loans and leases to states and political subdivisions in the U.S.

Income on tax-exempt securities issued by states and political subdivisions in the U.S.

Number of full-time equivalent employees at end of current period

Other noninterest income (from Schedule HI, item 5.l, above) (only report amounts greater than $100,000 that exceed 7 percent of Schedule HI, item 5.I):

Income and fees from the printing and sale of checks.......................................................................................

Earnings on/increase in value of cash surrender value of life insurance............................................................

Income and fees from automated teller machines (ATMs).................................................................................

Rent and other income from other real estate owned.........................................................................................

Safe deposit box rent..........................................................................................................................................

Bank card and credit card interchange fees.......................................................................................................

Income and fees from wire transfers..................................................................................................................

Data processing expenses........................................................................................................................................

Advertising and marketing expenses........................................................................................................................

Directors' fees...........................................................................................................................................................

Printing, stationery, and supplies..............................................................................................................................

Postage.....................................................................................................................................................................

Legal fees and expenses..........................................................................................................................................

FDIC deposit insurance assessments (2)................................................................................................................

Accounting and auditing expenses............................................................................................................................

Consulting and advisory expenses............................................................................................................................

Automated teller machine (ATM) and interchange expenses...................................................................................

Telecommunications expenses.................................................................................................................................

Other real estate owned expenses............................................................................................................................

FR Y-9C

Page 5 of 73

M.1.

M.2.

M.3.

M.4.

M.5.

M.6.a.

M.6.b.

M.6.c.

M.6.d.

M.6.e.

M.6.f.

M.6.g.

M.6.h.

M.6.i.

M.6.j.

M.7.a.

M.7.b.

M.7.c.

M.7.d.

M.7.e.

M.7.f.

M.7.g.

M.7.h.

M.7.i.

M.7.j.

M.7.k.

M.7.l.

Asset-size test is based on the total assets reported as of prior year June 30 report date.

Amounts reported in Memorandum item 7.g will not be made available to the public on an individual institution basis.

03/2022

Disclaimer

U.S. Bancorp published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 18:09 UTC.