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U.S. Bancorp Announces Quarterly Dividends

  U.S. Bancorp Announces Quarterly Dividends

Business Wire

MINNEAPOLIS -- December 11, 2012

The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly
dividend of $0.195 per common share, payable January 15, 2013, to stockholders
of record at the close of business on December 31, 2012. At this quarterly
dividend rate, the annual dividend is equivalent to $0.78 per common share.

The board of directors has also declared the following:

  *A regular quarterly dividend of $894.444 per share (equivalent to $8.94444
    per depositary share) on U.S. Bancorp's Series A Non-Cumulative Perpetual
    Preferred Stock, payable January 15, 2013, to stockholders of record at
    the close of business on December 31, 2012.
  *A regular quarterly dividend of $223.61 per share (equivalent to $0.22361
    per depositary share) on U.S. Bancorp's Series B Non-Cumulative Perpetual
    Preferred Stock, payable January 15, 2013, to stockholders of record at
    the close of business on December 31, 2012.
  *A regular quarterly dividend of $503.13 per share (equivalent to $0.50313
    per depositary share) on U.S. Bancorp's Series D Non-Cumulative Perpetual
    Preferred Stock, payable January 15, 2013, to stockholders of record at
    the close of business on December 31, 2012.
  *A regular quarterly dividend of $406.25 per share (equivalent to $0.40625
    per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual
    Preferred Stock, payable January 15, 2013, to stockholders of record at
    the close of business on December 31, 2012.
  *A regular quarterly dividend of $375.00 per share (equivalent to $0.37500
    per depositary share) on U.S. Bancorp’s Series G Non-Cumulative Perpetual
    Preferred Stock, payable January 15, 2013, to stockholders of record at
    the close of business on December 31, 2012.

U.S. Bancorp, with $352 billion in assets as of September 30, 2012, is the
parent company of U.S. Bank, the fifth-largest commercial bank in the United
States. The company operates 3,086 banking offices in 25 states and 5,080 ATMs
and provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. U.S. Bancorp and its employees are dedicated to
improving the communities they serve, for which the company earned the 2011
Spirit of America Award, the highest honor bestowed on a company by United
Way. Visit U.S. Bancorp on the web at www.usbank.com.

Contact:

U.S. Bancorp
Thomas Joyce, Public Relations, 612-303-3167
or
Judith T. Murphy, Investor Relations, 612-303-0783
 
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