todayU.S. Bancorp

Only a very few periods in time have

been as financially challenging as the past several years. The

financial strength of U.S. Bank is critical to you, our customers,

our country and the communities we serve. We are proud

to partner with you to help achieve your goals and help make

your dreams come true.

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

Period-end assets $354 billion

Period-end deposits $249 billion

Period-end loans $223 billion

Earnings per commonshare (diluted) $.72

Return on average assets 1.62%

Return on averagecommon equity 15.6%

Customers 17.6 million

Bank branches 3,084

ATMs 5,065

NYSE symbol USB

Year founded 1863

Full Year 2012 Results

Record net income +16%

Record diluted earningsper share +15%

Return on assets 1.65%

Return on common equity 16.2%

2012 Fourth Quarter Statistics

On July 13, 2013, U.S. Bank will celebrateits 150th anniversary. Our company operatesunder the national charter, signed in 1863,that originally formed the First NationalBank of Cincinnati.

Since then, our company has expandedthrough organic growth and throughnumerous acquisitions. We have managedthrough times of prosperity and throughtimes of hardship. We have focused ourefforts externally on growth and develop-ment and, when necessary, we havefocused internally to right the course.

Our past has shaped our present andour future. We are a company with a well-diversified business model, prudent riskmanagement and an ability to produceconsistent, predictable, repeatable results.We are always mindful of the responsibilitywe hold to help our customers achievetheir financial goals, while supporting andstrengthening the communities, and thiscountry, that we serve.

U.S. Bank finances affordable housingproject for veterans

U.S. Bancorp Fund Servicesexpands capabilitiesU.S. Bancorp Fund Services, LLC (USBFS), a subsidiary ofU.S. Bancorp has acquired AIS Fund Administration (AIS), a leadingprovider of fund administration and related services to alternativeinvestment managers. The transaction adds approximately $25billion in hedge fund assets under administration to U.S. BancorpFund Services’ existing alternative investments business, alongwith 176 employees in New Jersey, the United Kingdom andthe Cayman Islands. With this transaction, USBFS creates abest-of-breed middle-office and back-office services platformto provide a wide range of support services to fund managersand investors across the alternative asset spectrum.

U.S. Bank, Mercy Housing California, and New Directions haveclosed on a financing package that paves the way for El MonteVeterans Housing, a $12.8 million affordable housing develop-ment aimed at supporting returning veterans in Los AngelesCounty who might otherwise be homeless. Construction startedin January with completion expected in March 2014. Located 20miles east of downtown Los Angeles, El Monte Veterans Housingwill offer 40 permanent supportive housing units for formerlyhomeless veterans. We look for every opportunity to support ourveterans and this is the most recent example of that commitment.

Originally built in 1908, the historicalMetropolitan Building stood vacantand unoccupied for years, but withrenovations now complete it is onceagain a gathering place for creativetalent. Surrounded by museums, artgalleries, restaurants and educa-tional centers, the Metropolitan ArtistLofts will provide 72 units specificallydesigned as affordable housing tosuit the needs of artists. In addition,the building also provides studios forpainters, sculptors and clay artistsas well as sound studios with spe-cial soundproofing. A dance studioand a well-equipped fitness roomare also available to residents.

U.S. Bank and Mitekto launch Mobile PhotoBill Pay in early 2013Mobile Photo Bill Pay will allow U.S. Bank customers to set upbill payments by simply snapping a picture of their paper bill using

their camera-enabled smartphone ortablet. The new feature eliminates theneed to manually enter biller andpayment information, and allows thecustomer to make bill payments

directly from their mobile device.Partnering with MitekSystems, and its MobilePhoto Bill Pay product,U.S. Bank will be thefirst leading financialinstitution to offer thisinnovative service

to customers.

U.S. Bank celebrates grand openingof Metropolitan Artist Lofts in St. Louis

National

Wholesale Banking & Trust Services

International

Payments

Regional

Consumer & Business Banking& Wealth Management

Corporate Trustoffices in Londonand Dublin

Wealth Managementoffices in New YorkCity and Naples and Palm Beach, Florida

U.S. BancorpBusiness Scope

U.S. Bank scores #1 Online OverallCustomer Experience comparing thetop 10 banks in the country

– The Keynote Online 2012 rankings

U.S. Bank named one of the“Best Banks in America”

– Money Magazine, October, 2012

Most Admired Superregional Banktwo years in a row!

– Fortune, March 2011 and March 2012

U.S. Bank one of America’s GreenestBanks for the second year in a row

– Bank Technology News, April 2012

For the third straight year, U.S. Bancorphas been named by Forbes magazine totheir list ofMost Reputable Companies

– April 2012

U.S. Bank recognized by JuniorAchievement with Silver U.S.President’s Volunteer Service Award

– March 2012

U.S. Bank “Most Innovative PrepaidProgram”

– 2012 Paybefore Awards

Elavon winsMerchant Acquirer of theYear Award

– 2011 Cards & Payments Europe, June 2011

U.S. Bank wins its second “Best Bank inthe United States” award in the Euromoneymagazine Awards for Excellence

– Euromoney, July 2011

U.S. Bank AccelaPay mobile banking appnamed “Best in Category” for MobilePrepaid Application

– 2011 Paybefore Awards

U.S. Bank again the #1 most trustedbank in consumer protection

– Ponemon Institute, 2012

U.S. Bank again ranked one of theWorld’s 50 Safest Banks

– Global Finance, October 2012

Elavon wins award for Best MerchantAcquiring Initiative for our InternationalPayment Processing technology

– 2012 Cards & Payments Awards,February 2012

“What others sayabout U.S. Bank”

U.S. Bank’s new connectwebsite encourages smallbusiness growth success

U.S. Bank strengthensposition as a leader inthe prepaid marketU.S. Bank’s acquisition of FSV PaymentSystems combines U.S. Bank’s paymentsstrength and prepaid expertise with FSV’splatform which will position the combinedentity as one of the few financial institutionsin the industry capable of providing efficientend-to-end prepaid programs and servicesfor its clients. FSV is a recognized leaderin the prepaid card market, which hasbeen a strategic focus for U.S. Bank thelast decade; and we are pleased to expandour capabilities in this area.

U.S. Bank partnerswith Habitat forHumanityThe community development sub-sidiary of U.S. Bank and Habitat forHumanity affiliates throughout thecountry have partnered once againas the bank has recently providedinvestments of nearly $19 million oftax credit equity made in partnershipwith CEI Capital Management, LLC,Iowa Community Development, HarborBankshares Corporation and SmithNMTC Associates to help finance theconstruction of 712 affordable homesin 18 states. The investments are thelatest in a series of similar fundingcommitments made by U.S. Bank.

Lines of BusinessPayment Services• Corporate Payment Systems• Elavon: Credit, Debit, Electronic Check

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

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

Wholesale Banking andCommercial 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 Managementand Securities ServicesWealth Management:• Ascent Private Capital Management• The Private Client Reserve• U.S. Bancorp Investments, Inc.• U.S. Bancorp Insurance Services, LLCSecurities Services:• Global Corporate Trust Services• Institutional Trust and Custody• U.S. Bancorp Fund Services, LLC• U.S. Bancorp Asset Management, Inc.

Consumer andSmall 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 andDebit Processing and Services

• Payment Services

• Wholesale Banking andCommercial Real Estate

• Wealth Managementand Securities Services

• Consumer andSmall Business Banking

Revenue by Business LineFull Year 2012

26%

19%

8%

47%

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 ND

U.S. Bank is not responsible for and does not guarantee the products,services, performance or obligations of its affiliates.

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

usbank.com 40371 Q4/12

Investment and Insurance products are: For U.S. Bancorp Investments, Inc.:

Investment products and services are available through U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investmentadviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products, including annuities, are available through U.S. Bancorp Insurance Services, LLC, U.S. Bancorp Investments, Inc.,in Montana U.S. Bancorp Insurance Services of Montana, Inc., and in Wyoming U.S. Bancorp Insurance & Investments, Inc.All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. Policies are underwritten byunaffiliated insurance companies and may not be available in all states. CA Insurance License # OE24641.

NOT A DEPOSIT NOT FDIC INSURED

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

MAY LOSE VALUE NOT GUARANTEED BY THE BANK

Loans and Deposit GrowthYear-over-year growth

ProfitabilitySince 1/1/08

Loans

Return on Average Assets

Return on Average Common Equity

Efficiency Ratio

Deposits

Source: SNL; 1Q08 through 4Q12 annualizedPeer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC

$ in billions, ending balances