Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - US BANCORP \DE\ | d938086dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d938086dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d938086dex311.htm |
| 10-Q - 10-Q - US BANCORP \DE\ | d938086d10q.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended June 30, 2015 |
Six Months Ended June 30, 2015 |
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| Earnings |
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| 1. |
|
Net income attributable to U.S. Bancorp |
$ | 1,483 | $ | 2,914 | ||||||||
| 2. |
|
Applicable income taxes, including expense related to unrecognized tax positions |
528 | 1,007 | ||||||||||
| 3. |
|
Net income attributable to U.S. Bancorp before income taxes (1 + 2) |
$ | 2,011 | $ | 3,921 | ||||||||
| 4. |
|
Fixed charges: |
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| a. | Interest expense excluding interest on deposits* |
$ | 239 | $ | 484 | |||||||||
| b. | Portion of rents representative of interest and amortization of debt expense |
27 | 55 | |||||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) |
266 | 539 | |||||||||||
| d. | Interest on deposits |
113 | 231 | |||||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) |
$ | 379 | $ | 770 | |||||||||
| 5. |
|
Amortization of interest capitalized |
$ | – | $ | – | ||||||||
| 6. |
|
Earnings excluding interest on deposits (3 + 4c + 5) |
2,277 | 4,460 | ||||||||||
| 7. |
|
Earnings including interest on deposits (3 + 4e + 5) |
2,390 | 4,691 | ||||||||||
| 8. |
|
Fixed charges excluding interest on deposits (4c) |
266 | 539 | ||||||||||
| 9. |
|
Fixed charges including interest on deposits (4e) |
379 | 770 | ||||||||||
| Ratio of Earnings to Fixed Charges |
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| 10. |
|
Excluding interest on deposits (line 6/line 8) |
8.56 | 8.27 | ||||||||||
| 11. |
|
Including interest on deposits (line 7/line 9) |
6.31 | 6.09 | ||||||||||
| * | Excludes interest expense related to unrecognized tax positions |
| U.S. Bancorp | 81 |