US Bank 2005 Annual Report Download - page 82
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The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2004 and 2005:
Private Client,
Wholesale Consumer Trust and Asset Payment Consolidated
(Dollars in Millions) Banking Banking Management Services Company
Balance at December 31, 2003 ******************************* $1,225 $2,242 $ 742 $1,816 $6,025
Goodwill acquired ***************************************** — — 101 105 206
Other (a) ************************************************* — — — 10 10
Balance at December 31, 2004 ******************************* $1,225 $2,242 $ 843 $1,931 $6,241
Goodwill acquired ***************************************** — — 500 248 748
Other (a) ************************************************* — — — 16 16
Balance at December 31, 2005 ******************************* $1,225 $2,242 $1,343 $2,195 $7,005
(a) Other changes in goodwill include foreign exchange effects on non-dollar-denominated goodwill.
SHORT-TERM BORROWINGS
The following table is a summary of short-term borrowings for the last three years:
2005 2004 2003
(Dollars in Millions) Amount Rate Amount Rate Amount Rate
At year-end
Federal funds purchased*********************************** $ 3,133 3.93% $ 3,379 1.25% $ 5,098 .91%
Securities sold under agreements to repurchase ************** 10,854 3.65 4,848 1.95 3,586 .71
Commercial paper **************************************** 4,419 3.89 2,634 2.11 699 .88
Treasury, tax and loan notes******************************** 430 3.84 251 1.72 809 .69
Other short-term borrowings ******************************* 1,364 3.90 1,972 2.20 658 .65
Total ************************************************* $20,200 3.76% $13,084 1.84% $10,850 .81%
Average for the year
Federal funds purchased*********************************** $ 2,916 6.63% $ 3,823 3.10% $ 4,966 2.36%
Securities sold under agreements to repurchase ************** 11,849 2.93 6,144 1.19 3,374 .79
Commercial paper **************************************** 3,326 3.11 1,144 .91 681 1.06
Treasury, tax and loan notes******************************** 142 3.17 804 1.01 634 .95
Other short-term borrowings ******************************* 1,149 3.62 2,619 2.01 848 1.13
Total ************************************************* $19,382 3.56% $14,534 1.81% $10,503 1.59%
Maximum month-end balance
Federal funds purchased*********************************** $ 4,559 $ 6,342 $ 6,658
Securities sold under agreements to repurchase ************** 14,931 8,972 4,173
Commercial paper **************************************** 4,419 2,687 952
Treasury, tax and loan notes******************************** 430 7,867 4,223
Other short-term borrowings ******************************* 1,563 3,856 2,676
80 U.S. BANCORP
Note 13