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U.S. Bancorp Announces Quarterly Dividends

  U.S. Bancorp Announces Quarterly Dividends

Business Wire

MINNEAPOLIS -- September 17, 2013

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly
dividend of $0.23 per common share, payable October 15, 2013, to shareholders
of record at the close of business on September 30, 2013. At this quarterly
dividend rate, the annual dividend is equivalent to $0.92 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 October 15, 2013, to shareholders of record at
    the close of business on September 30, 2013.
  *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 October 15, 2013, to shareholders of record at
    the close of business on September 30, 2013.
  *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 October 15, 2013, to shareholders of record at
    the close of business on September 30, 2013.
  *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 October 15, 2013, to shareholders of record at
    the close of business on September 30, 2013.
  *A regular quarterly dividend of $321.88 per share (equivalent to $0.32188
    per depositary share) on U.S. Bancorp’s Series H Non-Cumulative Perpetual
    Preferred Stock, payable October 15, 2013, to shareholders of record at
    the close of business on September 30, 2013.

U.S. Bancorp, with$353 billionin assets as ofJune 30, 2013, is the parent
company ofU.S. Bank, the 5th largest commercial bank inthe 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.
Bancorpon the web atwww.usbank.com.

Contact:

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