Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - US BANCORP \DE\ | d231217d10q.htm |
| EX-32 - EX-32 - US BANCORP \DE\ | d231217dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d231217dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d231217dex311.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended September 30, 2016 |
Nine Months Ended September 30, 2016 |
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| Earnings |
|
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| 1. |
Net income attributable to U.S. Bancorp |
$ | 1,502 | $ | 4,410 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions |
566 | 1,612 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) |
$ | 2,068 | $ | 6,022 | |||||||
| 4. |
Fixed charges: |
|
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| a. | Interest expense excluding interest on deposits* |
$ | 266 | $ | 768 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense |
27 | 82 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) |
293 | 850 | |||||||||
| d. | Interest on deposits |
161 | 452 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) |
$ | 454 | $ | 1,302 | |||||||
| 5. |
Amortization of interest capitalized |
$ | — | $ | — | |||||||
| 6. |
Earnings excluding interest on deposits (3 + 4c + 5) |
2,361 | 6,872 | |||||||||
| 7. |
Earnings including interest on deposits (3 + 4e + 5) |
2,522 | 7,324 | |||||||||
| 8. |
Fixed charges excluding interest on deposits (4c) |
293 | 850 | |||||||||
| 9. |
Fixed charges including interest on deposits (4e) |
454 | 1,302 | |||||||||
| Ratio of Earnings to Fixed Charges |
|
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| 10. |
Excluding interest on deposits (line 6/line 8) |
8.06 | 8.08 | |||||||||
| 11. |
Including interest on deposits (line 7/line 9) |
5.56 | 5.63 | |||||||||
| * | Excludes interest expense related to unrecognized tax positions. |
| U.S. Bancorp | 83 |