Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - US BANCORP \DE\ | d455406dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d455406dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d455406dex311.htm |
| 10-Q - 10-Q - US BANCORP \DE\ | d455406d10q.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended September 30, 2017 |
Nine Months Ended September 30, 2017 |
||||||||||
| Earnings |
| |||||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,563 | $ | 4,536 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 589 | 1,639 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,152 | $ | 6,175 | |||||||
| 4. |
Fixed charges: | |||||||||||
| a. | Interest expense excluding interest on deposits* | $ | 286 | $ | 818 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense | 28 | 83 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 314 | 901 | |||||||||
| d. | Interest on deposits | 293 | 730 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 607 | $ | 1,631 | |||||||
| 5. |
Amortization of interest capitalized | $ | – | $ | – | |||||||
| 6. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,466 | 7,076 | |||||||||
| 7. |
Earnings including interest on deposits (3 + 4e + 5) | 2,759 | 7,806 | |||||||||
| 8. |
Fixed charges excluding interest on deposits (4c) | 314 | 901 | |||||||||
| 9. |
Fixed charges including interest on deposits (4e) | 607 | 1,631 | |||||||||
| Ratio of Earnings to Fixed Charges |
| |||||||||||
| 10. |
Excluding interest on deposits (line 6/line 8) | 7.85 | 7.85 | |||||||||
| 11. |
Including interest on deposits (line 7/line 9) | 4.55 | 4.79 | |||||||||
| * | Excludes interest expense related to unrecognized tax positions. |
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
| (Dollars in Millions) | Three Months Ended September 30, 2017 |
Nine Months Ended September 30, 2017 |
||||||||||
| Earnings |
||||||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,563 | $ | 4,536 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 589 | 1,639 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,152 | $ | 6,175 | |||||||
| 4. |
Fixed charges: | |||||||||||
| a. | Interest expense excluding interest on deposits* | $ | 286 | $ | 818 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense | 28 | 83 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 314 | 901 | |||||||||
| d. | Interest on deposits | 293 | 730 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 607 | $ | 1,631 | |||||||
| 5. |
Amortization of interest capitalized | $ | – | $ | – | |||||||
| 6. |
Preferred stock dividends | 71 | 204 | |||||||||
| 7. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,466 | 7,076 | |||||||||
| 8. |
Earnings including interest on deposits (3 + 4e + 5) | 2,759 | 7,806 | |||||||||
| 9. |
Fixed charges excluding interest on deposits, and preferred stock dividends (4c+6) | 385 | 1,105 | |||||||||
| 10. |
Fixed charges including interest on deposits, and preferred stock dividends (4e+6) | 678 | 1,835 | |||||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends |
|
|||||||||||
| 11. |
Excluding interest on deposits (line 7/line 9) | 6.41 | 6.40 | |||||||||
| 12. |
Including interest on deposits (line 8/line 10) | 4.07 | 4.25 | |||||||||
| * | Excludes interest expense related to unrecognized tax positions. |
| 80 | U.S. Bancorp |