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U.S. Bancorp's credit losses provision for the three months ended in Sep. 2014 was $311 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2014 was $1,218 Mil.
U.S. Bancorp's quarterly credit losses provision increased from Mar. 2014 ($306 Mil) to Jun. 2014 ($324 Mil) but then declined from Jun. 2014 ($324 Mil) to Sep. 2014 ($311 Mil).
U.S. Bancorp's annual credit losses provision declined from Dec. 2011 ($2,343 Mil) to Dec. 2012 ($1,882 Mil) and declined from Dec. 2012 ($1,882 Mil) to Dec. 2013 ($1,340 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 Sep. 2014 was 277 (Dec. 2013 ) + 306 (Mar. 2014 ) + 324 (Jun. 2014 ) + 311 (Sep. 2014 ) = $1,218 Mil.
U.S. Bancorp Annual Data
U.S. Bancorp Quarterly Data