US Bank 2003 Annual Report Download - page 106

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Supplemental Disclosures to the Consolidated Financial Statements
Consolidated Statement of Cash Flows Listed below are supplemental disclosures to the Consolidated Statement of
Cash Flows:
Year Ended December 31 (Dollars in Millions) 2003 2002 2001
Income taxes paid********************************************************************** $1,257.8 $ 1,129.5 $ 658.1
Interest paid *************************************************************************** 2,077.0 2,890.1 5,092.2
Net noncash transfers to foreclosed property ********************************************** 110.0 89.5 59.9
Acquisitions and divestitures
Assets acquired********************************************************************* $ — $ 2,068.9 $1,150.8
Liabilities assumed ****************************************************************** — (3,821.9) (509.0)
Net***************************************************************************** $ — $(1,753.0) $ 641.8
Money Market Investments Money market investments are included with cash and due from banks as part of cash and cash
equivalents. Money market investments consisted of the following at December 31:
(Dollars in Millions) 2003 2002
Interest-bearing deposits **************************************************************************************** $ 4 $102
Federal funds sold ********************************************************************************************** 109 61
Securities purchased under agreements to resell ******************************************************************* 39 271
Total money market investments**************************************************************************** $152 $434
Regulatory Capital The measures used to assess capital Net Gains on the Sale of Loans Included in noninterest
include the capital ratios established by bank regulatory income, primarily in mortgage banking revenue, for the
agencies, including the specific ratios for the ‘‘well years ended December 31, 2003, 2002 and 2001, the
capitalized’’ designation. For a description of the regulatory Company had net gains on the sale of loans of $162.9
capital requirements and the actual ratios as of million, $243.4 million and $164.2 million, respectively.
December 31, 2003 and 2002, for the Company and its
bank subsidiaries, see Table 20 included in Management’s
Discussion and Analysis which is incorporated by reference
into these Notes to Consolidated Financial Statements.
104 U.S. Bancorp
Note 25