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U.S. Bancorp's credit losses provision for the three months ended in Dec. 2014 was $288 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2014 was $1,229 Mil.
U.S. Bancorp's quarterly credit losses provision declined from Jun. 2014 ($324 Mil) to Sep. 2014 ($311 Mil) and declined from Sep. 2014 ($311 Mil) to Dec. 2014 ($288 Mil).
U.S. Bancorp's annual credit losses provision declined from Dec. 2012 ($1,882 Mil) to Dec. 2013 ($1,340 Mil) and declined from Dec. 2013 ($1,340 Mil) to Dec. 2014 ($1,229 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.
U.S. Bancorp Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2014 was 306 (Mar. 2014 ) + 324 (Jun. 2014 ) + 311 (Sep. 2014 ) + 288 (Dec. 2014 ) = $1,229 Mil.
U.S. Bancorp Annual Data
U.S. Bancorp Quarterly Data