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US Bancorp's credit losses provision for the three months ended in Mar. 2016 was $330 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2016 was $1,198 Mil.
US Bancorp's quarterly credit losses provision increased from Sep. 2015 ($282 Mil) to Dec. 2015 ($305 Mil) and increased from Dec. 2015 ($305 Mil) to Mar. 2016 ($330 Mil).
US Bancorp's annual credit losses provision declined from Dec. 2013 ($1,340 Mil) to Dec. 2014 ($1,229 Mil) and declined from Dec. 2014 ($1,229 Mil) to Dec. 2015 ($1,132 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
US Bancorp Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2016 was 281 (Jun. 2015 ) + 282 (Sep. 2015 ) + 305 (Dec. 2015 ) + 330 (Mar. 2016 ) = $1,198 Mil.
US Bancorp Annual Data
US Bancorp Quarterly Data