Freddie Mac Appoints U.S. Bank as Global Agent on New Bond Note Offering

  Freddie Mac Appoints U.S. Bank as Global Agent on New Bond Note Offering

Business Wire

MINNEAPOLIS -- July 29, 2013

U.S. Bank Global Corporate Trust Services will serve as global agent on
Freddie Mac’s landmark $500 million unsecured bond offering which closed on
July 26.

The new offering, known as Freddie Mac’s STACR^SM (Structured Agency Credit
Risk) debt notes is unique in that it allows private investors to purchase
securities that are linked to a $22.5 billion reference pool of residential
mortgage loans purchased by Freddie Mac. STACR represents a significant
milestone for the mortgage industry as it serves as the first step in the
Federal Housing Finance Agency’s (FHFA) strategic plan to create a vehicle for
private investors to participate in the default risk of the loans held by
Government Sponsored Enterprises (GSE’s), like Freddie Mac.

“We look forward to expanding our relationship with Freddie Mac and our
appointment to this landmark deal is a testament to U.S. Bank’s expertise and
agility in delivering unique corporate trust services to the mortgage and
asset-backed market,” said Bryan Calder, president of U.S. Bank Global
Corporate Trust Services. “We appreciate the opportunity to partner with
Freddie on this complex finance offering.”

Given the structure and strategic importance of the transaction, U.S. Bank
created customized investor and collateral reporting methods to meet both the
specific needs of Freddie Mac as well as investors of the STACR debt notes. In
addition to creating the reporting structure, in its role as global agent,
U.S. Bank will serve as paying agent and calculating agent for Freddie Mac.

“U.S. Bank is a valuable business partner to Freddie Mac who has shown the
expertise to develop the type of customized solutions required for our first
STACR transaction," said Kevin Palmer, vice president of Costing & Portfolio
Management for Freddie Mac.

U.S. Bank Global Corporate Trust Services is one of the premier providers of
corporate trust services in the United States and Europe, serving private and
public companies, government and tax-exempt entities, and financial services
companies. The group operates a network of 48 domestic offices and
international locations in London, England; and Dublin, Ireland.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2013, is
the parent company of U.S. Bank, the 5th largest commercial bank in the United
States. Celebrating its 150th anniversary this year, the company operates
3,087 banking offices in 25 states and 5,032 ATMs and provides a comprehensive
line of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com

Contact:

U.S. Bank
Nicole Garrison-Sprenger, 612-303-0731
nicole.sprenger@usbank.com