Ranking U.S. Bank is the 5th largest U.S. commercial bank

Period-end assets $389 billion

Period-end deposits $276 billion

Period-end loans $244 billion

Earnings per common share (diluted) $.78

Return on average assets 1.60%

Return on average common equity 15.1%

Customers 17.9 million

Bank branches 3,174

ATMs 5,005

NYSE symbol USB

Year founded 1863

2014 2nd Quarter Statistics

EXTENDING THE ADVANTAGE

From personal accounts

at your local branch, to

sophisticated financing for

commercial development,

U.S. Bank is your trusted

financial partner.

TNS Global names U.S. Bank top

business bank

U.S. Bank has received the 2014 TNS Choice Award for

Small Business Banking. TNS Global, the largest custom

market research firm in the world, recognized U.S. Bank for

having the greatest organic growth in the small business

sector among its top competitors — through strong new

customer acquisition, superior client retention and offering a

comprehensive small business banking experience to clients.

Each year, TNS recognizes outstanding performance in the

financial services marketplace with its TNS Choice Awards.

The selection of U.S. Bank was based on an analysis of more

than 4,500 interviews with small business decision-makers

conducted as part of the TNS Micro and Small Business

research program. Its analysis considers several measures

of customer acquisition, retention, satisfaction and share

of wallet across a comprehensive set of competing firms to

identify top performers.

Niti Badarinath of U.S. Bank named Digital

Banker of the Year

U.S. Bancorp’s lead bank, U.S. Bank National Association,

has purchased the document custodian business of

Ally Bank. U.S. Bank, through its Global Corporate Trust

Services division, operates a national network of document

custody locations and vault sites. As a document custodian,

U.S. Bank stores and safeguards a wide array of collateral

loan files, including commercial and residential mortgages,

equipment leases, home equity and improvement loans and

vehicle loans and leases. The acquisition added employees

to U.S. Bank, one new service location in Waterloo, Iowa,

and increased documents under custody by 15 percent. The

transaction was the most recent in a string of investments

U.S. Bank has made in its growing corporate trust services

business and provides us with an additional growth

opportunity that is consistent with our position as a leading

provider of third-party custodian services.

U.S. Bank acquires document custodian business from Ally Bank

Debbie Lassiter of U.S. Bank one of

Fortune’s “Heroes of the 500”

Debbie Lassiter, a software specialist for U.S. Bank in the Milwaukee

area, has been named one of the “Heroes of the 500” by Fortune

magazine. On the Heroes of the FORTUNE 500, Catherine Dunn

writes: “We found more than 50 people who have performed

extraordinary acts of bravery, charity, ingenuity, or selflessness —

transforming their communities (and often the lives of total strangers)

in the process. Also, they just happen to work for the biggest

companies in America.” Lassiter was nominated for her tireless

work for victims of sex trafficking via the Convergence Resource

Center, a not-for-profit, 501(c)(3) faith-based, community service

organization, which she co-founded in 2004 in Milwaukee.

Niti Badarinath of U.S. Bank was named

“Digital Banker of the Year” in June by

American Banker. Badarinath, senior vice

president and head of mobile banking and

money movement, joined U.S. Bank

in 2009 and has helped cement its position as an industry leader

in mobile banking.

U.S. Bank has become top-of-mind for industry observers and

customers seeking a full-service mobile banking experience. Recognized

by the industry for being one of its leading innovators, U.S. Bank

regularly ranks among the top banks for functional richness, superior

customer experience and ensuring customer security and privacy.

U.S. Bank and the Minnesota Twins present the

Digital Clubhouse at Target Field

Just like celebrities on the red carpet or backstage at a big event,

Twins fans attending a game this season can pose for a “selfie” at

the Selfie Mirror at the new Twins Digital Clubhouse sponsored by

U.S. Bank. Located in left field near the U.S. Bank Home Run Porch,

the Digital Clubhouse will feature several stations where fans can

create digital souvenirs, interact with other fans on social media and

charge their phones. The Clubhouse is designed around an old dugout

bench used by the Twins at the Metrodome. U.S. Bank is a founding

partner of Target Field and official bank of the Minnesota Twins.

U.S. Bank one of only two banks to top independent

review of mobile services

U.S. Bank was one of two

banks that received the top

scores for Forrester Research,

Inc’s 2014 Mobile Banking

Functionality Benchmark. As

part of Forrester’s May 2014

report titled “2014 U.S.

Mobile Banking Functionality

Benchmark,” five of the

largest banks in the country were evaluated and scored on more

than 35 criteria. U.S. Bank was one of two that scored highest

on the survey.

What others say about U.S. Bank

U.S. Bancorp Business Scope

• U.S. Bancorp only bank in the United States named to Bloomberg Markets 2014 list of “World’s Strongest Banks”

– June 2014

• Most Admired Superregional Bank four years in a row – Fortune, March 2011, March 2012, March 2013, March 2014

• U.S. Bancorp placed in the Top 10 of all companies in the “People Management” and “Use of Corporate Assets” subcategories – Fortune, March 2013

• Ascent Private Capital Management of U.S. Bank wins “Best Newcomer — Private Wealth Management” at the Private Asset Management Awards – 2013

• U.S. Bank again the #1 most trusted company for retail banking for the 7th time – Ponemon Institute, October 2013

• U.S. Bank again ranked one of the World’s Safest Banks – Global Finance, April 2012 and 2013

• U.S. Bank Mobile Photo Bill Pay “Best Technology Initiative in Banking” – Business Banking Review, 2013

• U.S. Bank named “Best of the Best” for Hispanics – Hispanic Network Magazine, May 2013

• U.S. Bank named “Best for Vets” employer – Military Times magazine, May 2013

• U.S. Bank ranked in Top 100 Military Friendly Employers® – G.I. Jobs magazine, 2014

• United States Department of Defense names U.S. Bank a 2013 Secretary of Defense Freedom Award winner – June 2013

• MONEY magazine named U.S. Bank Cash+ Visa as a top credit card for rewards in its annual “Best Credit Cards” report – October 2013

• U.S. Bank among the top three banks in customer service and 36th for service among 235 companies representing 19 industries – Temkin Group, October 2013

EXTENDING THE ADVANTAGE

Former Chicago-area Charter

One locations are now U.S. Bank

Quintillion named HFMWeek

Best Administrator

Quintillion Limited (Quintillion), an affiliate

of U.S. Bancorp Fund Services, LLC and

subsidiary of U.S. Bank, was named “Best

Administrator for Client Services” in the over

$30 billion in Assets Under Administration

category at the prestigious HFMWeek European

Hedge Fund Services Awards. The firm

accepted the award at the Hurlingham Club

event in London. Quintillion’s success is

attributed to a combination of an experienced

team, unique service structure and advanced

deployment of leading technology solutions.

National

Wholesale Banking and Wealth Management & Securities Services

International

Payments and Corporate Trust

Regional

Consumer & Business Bankingand Wealth Management

Wealth Management offices in New York City, Wilmington, Delaware, and Naples and Palm Beach, Florida

Corporate Trust and Fund Services offices in London and Dublin

Former branch offices of Charter One in

Chicago officially joined U.S. Bank in June

2014. All buildings now carry the U.S. Bank

brand inside and out. Our expanded

branch network in the Chicagoland area will

enable us not only to serve new customers,

but to deepen our relationships with existing

customers in the area.

Originally announced in January, the

acquisition included Charter One’s retail

branch network, as well as small business

operations and select RBS Citizens

Financial middle market client relationships.

The transaction gives U.S. Bank more than

160 branches in the Chicagoland area

and nearly doubles U.S. Bank’s deposit

market share in the Chicago area.

Debt Ratings

Moody’s S&P Fitch DBRS

Ratings Outlook Stable Stable Stable Stable

U.S. Bancorp Senior Debt

& MTNs A1 A+ AA- AA

U.S. Bank N.A. Long-term

Deposits Aa3 AA- AA- AA (high)

Return on Average Assets(In Percents)

1.70

.85

0

Peer 1USB Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9

1.3

4

1.3

0

1.0

2

1.0

0

0.9

9

0.9

6

0.4

2

1.6

0

0.8

9

1.4

7

0

4

8

12

16

0

15

30

45

60

75

0.0

0.5

1.0

1.5

2.02.0

1.5

1.0

0.5

0

16

12

8

4

0

15

.1

9.3

75

60

45

30

15

0

1.6

0

1.0

1

53

.1

63

.1

USB Peer Median

USB Peer Median

USB Peer Median

Return on AverageCommon Equity

Return onAverage Assets Efficiency Ratio

15

.1

13

.4

11

.9

10

.8

10

.1

8.4

8.0

7.4

7.3

3.7

Return on Average Common Equity(In Percents)

1.70

.85

0

Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9USB

53

.1 57

.5

58

.4

60

.2

62

.5

63

.7

66

.6

67

.1

68

.9

85

.9

Efficiency Ratio(In Percents)

100

50

0

Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9USB

Payment Services

• Corporate Payment Systems • Elavon: Credit, Debit, Electronic Check

and Gift Card Merchant Processing • Retail Payment Solutions: Debit, Credit,

Small Business, Gift and Specialty Card Issuance

• Healthcare Payment Solutions • Elavon Financial Institution Solutions• Treasury Management

Wholesale Banking and Commercial Real Estate

• National Corporate Banking • Middle Market Commercial Banking • Commercial Real Estate • Capital Markets • Debt Capital Markets • Leveraged Finance • Correspondent Banking • Dealer Commercial Services • Community Banking • Foreign Exchange • Government Banking • International Banking • Treasury Management • Equipment Finance • Specialized Industries and Finance • Title Industry Banking• Homeowners Association Banking

Wealth Management and Securities Services

Wealth Management: • Ascent Private Capital Management • The Private Client Reserve • U.S. Bancorp Investments, Inc. • U.S. Bancorp Insurance Services, LLC

Securities Services: • Global Corporate Trust Services • Institutional Trust and Custody • U.S. Bancorp Fund Services, LLC • U.S. Bancorp Asset Management, Inc.

Consumer and Small Business Banking

• Community Banking • Metropolitan Branch Banking • In-store and Corporate On-site Banking • Small Business Banking • Small Business Administration (SBA) Division • Consumer Lending • 24-Hour Banking and Financial Sales • The Private Client Group • Home Mortgage • Community Affairs • Workplace and Student Banking • Transaction Services: ATM and

Debit Processing and Services

For U.S. Bank:

Deposit Products offered by U.S. Bank National Association, Member FDIC.

Credit products subject to normal credit approval.

Credit products offered by U.S. Bank National Association.

U.S. Bancorp, including each of our subsidiaries, is an Equal Opportunity Employer and a Drug-Free Workplace.

For U.S. Bancorp Investments:

Investment products and services are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License # OE24641.

40371 Q2/14

Investment and Insurance products are:

usbank.com

NOT A DEPOSIT NOT FDIC INSURED

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

MAY LOSE VALUE NOT GUARANTEED BY THE BANK

Performance vs. Peers 2Q14

Performance Metrics 2Q14

Return on Average Assets(In Percents)

Return on Average Common Equity(In Percents)

Return on Average Assets(In Percents)

Efficiency Ratio(In Percents)

Return on Average Common Equity(In Percents)

Efficiency Ratio(In Percents)

Source: SNL and company reports Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC

Lines of Business

Revenue Mix by Business Line

2Q14 YTD taxable-equivalent basis, excluding securities gains (losses) net

Revenue percentages exclude Treasury and Corporate Support

As of 7/22/14

• Payment Services

• Wealth Management and Securities Services

• Wholesale Banking and Commercial Real Estate

• Consumer and Small Business Banking

19%

29%

10%

42%