US Bank 2004 Annual Report Download - page 66
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Please find page 66 of the 2004 US Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.U.S. BANCORP
CONSOLIDATED BALANCE SHEET
At December 31 (Dollars in Millions) 2004 2003
Assets
Cash and due from banks ******************************************************************************** $ 6,336 $ 8,630
Investment securities
Held-to-maturity (fair value $132 and $161, respectively) *************************************************** 127 152
Available-for-sale ************************************************************************************* 41,354 43,182
Loans held for sale*************************************************************************************** 1,439 1,433
Loans
Commercial****************************************************************************************** 40,173 38,526
Commercial real estate ******************************************************************************** 27,585 27,242
Residential mortgages********************************************************************************* 15,367 13,457
Retail *********************************************************************************************** 43,190 39,010
Total loans**************************************************************************************** 126,315 118,235
Less allowance for loan losses ******************************************************************* (2,080) (2,184)
Net loans ************************************************************************************* 124,235 116,051
Premises and equipment ********************************************************************************* 1,890 1,957
Customers’ liability on acceptances ************************************************************************ 95 121
Goodwill************************************************************************************************ 6,241 6,025
Other intangible assets *********************************************************************************** 2,387 2,124
Other assets ******************************************************************************************** 11,000 9,796
Total assets*************************************************************************************** $195,104 $189,471
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing *********************************************************************************** $ 30,756 $ 32,470
Interest-bearing ************************************************************************************** 71,936 74,749
Time deposits greater than $100,000 ******************************************************************* 18,049 11,833
Total deposits************************************************************************************* 120,741 119,052
Short-term borrowings************************************************************************************ 13,084 10,850
Long-term debt****************************************************************************************** 34,739 33,816
Acceptances outstanding ********************************************************************************* 95 121
Other liabilities******************************************************************************************* 6,906 6,390
Total liabilities ************************************************************************************* 175,565 170,229
Shareholders’ equity
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares issued: 2004 and 2003 —
1,972,643,007 shares****************************************************************************** 20 20
Capital surplus *************************************************************************************** 5,902 5,851
Retained earnings ************************************************************************************ 16,758 14,508
Less cost of common stock in treasury: 2004 — 115,020,064 shares; 2003 — 49,722,856 shares ************** (3,125) (1,205)
Other comprehensive income ************************************************************************** (16) 68
Total shareholders’ equity*************************************************************************** 19,539 19,242
Total liabilities and shareholders’ equity *************************************************************** $195,104 $189,471
See Notes to Consolidated Financial Statements.
64 U.S. BANCORP