Financial Summary
Year Ended December 31
(Dollars and Shares in Millions, Except Per Share Data)		   2011     2010     2009   2011 v 2010   2010 v 2009  
Total net revenue (taxable-equivalent basis) $ 19,108   $ 18,148   $ 16,668   5.3 % 8.9 %
Noninterest expense   9,911     9,383     8,281   5.6   13.3  
Provision for credit losses   2,343     4,356     5,557   (46.2)   (21.6)  
Income taxes and taxable-equivalent adjustments   2,066     1,144     593   80.6   92.9  
Net income   4,788     3,265     2,237   46.6   46.0  
Net (income) loss attributable to noncontrolling interests   84     52     (32)   61.5   *  
Net income attributable to U.S. Bancorp $ 4,872   $ 3,317   $ 2,205   46.9   50.4  
Net income applicable to U.S. Bancorp common shareholders
$
4,721		  
$
3,332		  
$
1,803		  
41.7		  
84.8		  
Per Common Share                        
Earnings per share $ 2.47   $ 1.74   $ .97   42.0 % 79.4 %
Diluted earnings per share $ 2.46   $ 1.73   $ .97   42.2   78.4  
Dividends declared per share   .50     .20     .20   *   —  
Book value per share   16.43     14.36     12.79   14.4   12.3  
Market value per share   27.05     26.97     22.51   .3   19.8  
Average common shares outstanding   1,914     1,912     1,851   .1   3.3  
Average diluted common shares outstanding   1,923     1,921     1,859   .1   3.3  
Financial Ratios                    
Return on average assets   1.53 %   1.16 %   .82 %        
Return on average common equity   15.8     12.7     8.2          
Net interest margin (taxable-equivalent basis)   3.65     3.88     3.67          
Efficiency ratio(a)    51.8     51.5     48.4          
Average Balances                          
Loans $ 201,427   $ 193,022   $ 185,805   4.4 % 3.9 %
Investment securities   63,645     47,763     42,809   33.3   11.6  
Earning assets   283,290     252,042     237,287   12.4   6.2  
Assets   318,264     285,861     268,360   11.3   6.5  
Deposits   213,159     184,721     167,801   15.4   10.1  
Total U.S. Bancorp shareholders' equity   32,200     28,049     26,307   14.8   6.6  
Period End Balances                          
Loans $ 209,835   $ 197,061   $ 194,755   6.5 % 1.2 %
Allowance for credit losses   5,014     5,531     5,264   (9.3)   5.1  
Investment securities   70,814     52,978     44,768   33.7   18.3  
Assets   340,122     307,786     281,176   10.5   9.5  
Deposits   230,885     204,252     183,242   13.0   11.5  
Total U.S. Bancorp shareholders' equity   33,978     29,519     25,963   15.1   13.7  
Capital ratios                          
Tier 1 capital   10.8 %   10.5 %   9.6 %        
Total risk-based capital   13.3     13.3     12.9          
Leverage   9.1     9.1     8.5          
Tier 1 common equity to risk-weighted assets
using Basel I definition(b) 		   8.6     7.8     6.8          
Tier 1 common equity to risk-weighted assets
using anticipated Basel III definition(b) 		   8.2     7.3                
Tangible common equity to tangible assets(b)    6.6     6.0     5.3          
Tangible common equity to risk-weighted assets(b)    8.1     7.2     6.1          
* Not meaningful
(a) Computed as noninterest expense divided by the sum of net interest income on a taxable-equivalent basis and noninterest income excluding net securities gains (losses).
(b) See Non-Regulatory Capital Ratios on page 62.