Lines of Business Overview Wholesale Banking Payment Services Private Client, Trust & Asset Management Consumer Banking Private Client, Trust & Asset Management meets diverse wealth management needs through best-in-class personal trust, corporate trust, institutional trust and custody, private banking, financial advisory, investment management and mutual fund and alternative investment product services. Expert advisors and relationship managers offering sophisticated knowledge and personalized service give U.S. Bank a competitive advantage. Successes • Launched a number of new products to meet individual and institutional investors' needs, including the First American Stable Asset Advisor Fund – designed for investors who seek preservation of principal and competitive returns; new institutional-class money market shares; and a unique alliance with Coast Asset Management to provide qualified investors with absolute-return hedge-fund-of-fund products. • Expanded U.S. Bancorp Fund Services, LLC service offerings to include private investment products, such as investment partnerships and separately managed accounts. • Unveiled the U.S. Bank Trust Investor Reporting web site usbank.com/abs, providing investors in public and private corporate trust transactions the ability to assign entitlements for access to private deals; offers a customized portfolio, improved factor and payment searching and a simplified navigational flow for excellent customer usability. • Expanded TrustNow Essentials, a new comprehensive online reporting system allowing Corporate Trust Services, Institutional Trust & Custody and Private Client Group customers to view, print and download trust statements and reports via the Internet 24 hours a day, seven days a week. • Successfully completed purchase of State Street Corporate Trust and resulting systems conversions, seamlessly integrating approximately 20,000 new client issuances, 365,000 bondholders and $689 billion in assets to the U.S. Bank Corporate Trust Services platform. Overview Wholesale Banking Payment Services Private Client, Trust & Asset Management Consumer Banking   Download the Financial Section. (PDF 421KB) (You need Adobe Acrobat Reader installed on your computer to view the file) Key Business Units • Corporate Trust Services - Escrow - Public Finance/Structured Finance/Corporate Finance - Document Custody • Institutional Trust & Custody - Retirement Plans - Institutional Custody - Master Trust • Private Client Group - Private Banking - Personal Trust - Investment Management - Financial and Estate Planning • U.S. Bancorp Asset Management, Inc. - First American FundsTM - Private Asset Management - Institutional Advisory - Securities Lending • U.S. Bancorp Fund Services, LLC - Mutual Fund Administration and Compliance - Transfer Agent - Mutual Fund Accounting - Fund Distribution - Partnership Administration - Offshore Trust Administration