2013 4th Quarter Statistics

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

Period-end assets $364 billion

Period-end deposits $262 billion

Period-end loans $235 billion

Earnings per common share (diluted) $.76

Return on average assets 1.62%

Return on average common equity 15.4%

Customers 17.9 million

Bank branches 3,081

ATMs 4,906

NYSE symbol USB

Year founded 1863

U.S. Bank Bill Pay Giving has generated $450,000 in

contributions to four nonprofit organizations since it

began in 2011, nearly $166,000 in 2013 alone. Nearly

340,000 customers have made a charitable contribution

through the Bill Pay Giving Program. The program

was designed to introduce customers to the online bill

payment process by having them make their first “payment”

a $1 contribution to charities supporting disaster relief,

environmental protection, education and arts, and hunger

and poverty relief. U.S. Bank matches customers’

payments up to $50,000 annually.

U.S. Bank was awarded the “Best Corporate Social

Responsibility Initiative” for the program in 2012

by London-based Retail Banking International. Bill Pay

Giving has also been recognized by United Way and

Junior Achievement.

U.S. Bank Bill Pay Giving Program

Hits Two-Year Milestone with

$450,000 in Donations

U.S. Bank — putting our

strength and integrity

behind every transaction

and into every relationship.

EXTENDING THE ADVANTAGE

G.I. Jobs Magazine has named U.S. Bank one of the nation’s Top 100

Military Friendly Employers® for the third consecutive year. The 2014

Military Friendly Employers® represent those companies with the

strongest military recruiting programs and meaningful job opportunities

for transitioning service members and spouses seeking civilian

employment. The ranking is featured in the December 2013 issue

of the magazine. In addition, Military Spouse magazine ranked

U.S. Bank in the Top 50 Military Friendly Spouse Employers. This

honor recognizes the efforts of companies to support military spouses.

In November, U.S. Bancorp Fund Services, LLC, a subsidiary of

U.S. Bancorp, announced it has agreed to acquire Quintillion Limited

(Quintillion), an Ireland domiciled full-service hedge fund administrator.

The announcement supports U.S. Bancorp Fund Services’ strategic

initiative to expand its alternative investment servicing network

supporting the European investment community.

This acquisition continues to showcase the long-term commitment

of U.S. Bancorp to grow our securities services business and enables

us to enhance our European presence through additional talented

resources, and complements our focus on the expansion and

diversification of our alternative investment business. The transaction

adds $18 billion in hedge fund assets under administration and

53 Dublin-based employees to U.S. Bancorp Fund Services existing

alternative investment business.

U.S. Bank Ranked in Top 100 Military Friendly

Employers® by G.I. Jobs Magazine

U.S. Bancorp Promotes Bill Parker to

Vice Chair and Chief Risk Officer

U.S. Bancorp has promoted P.W. “Bill” Parker to the position

of vice chairman and chief risk officer, overseeing all risk and

compliance functions at U.S. Bank. Parker was previously chief credit

officer for U.S. Bancorp, an area he will continue to oversee in his new role.

“U.S. Bank enjoys a well-deserved reputation as a leader among banks for

our operating, credit and risk profile,” said Richard Davis, chairman, president

and chief executive officer of U.S. Bancorp. “Bill’s insights and leadership

have proven to be invaluable to our company, customers and shareholders.”

Parker has been with U.S. Bancorp since 1984. He began his career

as a commercial lending officer and has held subsequent positions as

senior credit officer in retail and wholesale banking.

Banking Business Review has given U.S. Bank top honors for its Mobile

Photo Bill Pay as the “Best Technology Initiative in Banking” for 2013.

The editors of Business Banking Review selected U.S. Bank Mobile

Photo Bill Pay from a shortlist created through industry insight from its

internal analyst team, searching for the most innovative and progressive

new technology ideas in the banking industry. Business Banking Review

is a global media service that has been covering banking for 10 years.

U.S. Bank has been a pioneer in mobile and photo banking, starting with

mobile deposits in 2010, Mobile Photo Bill Pay in March 2013 and then

mobile photo balance transfer, which was announced in the fall of 2013.

U.S. Bank has surpassed its goal of hiring

1,000 military veterans since January 1, 2012.

So far, U.S. Bank has added 1,114 veterans

to its roster since Jan. 1, 2012, and now employs

approximately 2,000 veterans nationwide.

U.S. Bank achieved its hiring goals through an

aggressive campaign supported by executive

leadership and hiring managers across the

company. In addition, U.S. Bank has implemented

several recruiting and training programs specifically

for veterans through its Proud to Serve program.

U.S. Bank Surpasses Veteran Hiring Goal

Proudto Serve

U.S. Bancorp Fund Services, LLC Acquires

Quintillion Limited

Non-profit organizations and small municipalities can now apply for a

U.S. Bank credit card with fewer fees, a powerful online expense-management

tool and other features crafted to their unique needs. The online tools help

to manage expenses, and the organizations can earn cash rewards. The

U.S. Bank Visa® Community Credit Card has no annual fees, no late fees

and no over-limit fees and is now offered in all U.S. Bank branches.

U.S. Bank Introduces Community Card

for Tax-Exempt Organizations

Business Banking Review Names U.S. Bank Mobile Photo Bill Pay “Best Technology Initiative in Banking”

“What others say about U.S. Bank”

U.S. Bancorp Business Scope

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

• 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

• For three straight years, U.S. Bancorp was named by Forbes magazine to their list of Most Reputable Companies – April 2010, 2011, 2012

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

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

• 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

U.S. Bank has closed on a deal with

Stadium Management Company to

refinance the 12-year-old home of the

Denver Broncos, Sports Authority Field at

Mile High. The $112 million deal makes

U.S. Bank the only lender for the stadium.

The original permanent financing for the

stadium was provided in early 2002 by four

banks, including U.S. Bank. U.S. Bank

became the official bank of the Denver

Broncos in 1999 and is the only bank to

offer Broncos Checking, with the Broncos

Visa Check Card and access to unique

Broncos promotions. The Broncos and

U.S. Bank partner for a number of community-

oriented activities such as On US Random

Acts of Kindness and the Read Like a Pro

literacy initiative.

National

Wholesale Banking and Wealth Management & Securities Services

International

Payments and Corporate Trust

Regional

Consumer & Business Bankingand Wealth Management

Corporate Trust offices in London and Dublin

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

U.S. Bank Closes Deal to

Refinance Home Stadium of

the Denver Broncos

EXTENDING THE ADVANTAGE

Return on Average Assets(In Percents)

1.70

.85

0

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

1.6

5

1.4

8

1.3

8

1.0

2

0.9

5

0.9

3

0.7

8

0.7

5

0.5

3

1.5

1

2.0

1.6

1.2

0.8

15

0

16

12

8

4

0

15

.4

10

.3

75

60

45

30

15

0

1.6

2

1.1

2

54

.9

64

.3

USB Peer Median

USB Peer Median

USB Peer Median

Return on AverageCommon Equity

Return onAverage Assets Efficiency Ratio

15

.8

13

.9

13

.2

10

.9

8.9

8.4

8.1

7.2

6.4

4.6

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

52

.4 57

.7

58

.5

60

.5

60

.9 67

.0

68

.5

71

.8

72

.9 78

.2

Efficiency Ratio(In Percents)

80

40

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, LLCSecurities 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 Q4/13

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 Full year 2013

Performance Metrics 4Q13

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

On January 7th U.S. Bancorp, announced the purchase of a

Chicago branch franchise owned by RBS Citizens Financial

Group. The investment will nearly double our market share in

this important market within our footprint, strengthening our

position and adding products, services and convenience for new

and existing customers, as well as value for our shareholders.

U.S. Bancorp Acquires Chicago Branch

Banking Operations of RBS Citizens

Financial Group

Revenue Mix by Business Line

Full year 2013, taxable-equivalent basis. Excluding securities gains (losses) netRevenue percentages exclude Treasury and Corporate Support

• Payment Services

• Wealth Management and Securities Services

• Wholesale Banking and Commercial Real Estate

• Consumer and Small Business Banking

19%

28%

9%

44%

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)