U.S. Bancorp

Corporate Profile
Graphs of Selected Financial Highlights
Financial Summary
Letter to Shareholders
Corporate Governance
Service Excellence
Lines of Business
Strength in Numbers
Investing in Distribution and Scale
Attractive Business mix
High-Value National Businesses
Community Partnerships


Strength in Numbers

  • Leading depository bank for federal, state and municipal governments
  • Leading correspondent banking depository for community banks
  • Top 2 agricultural lender
  • Top 6 bank-owned equipment leasing company
  • Top 7 treasury management provider
  • Top 2 Small Business Administration (SBA) bank lender by loan dollar volume
  • Top 3 small business lender
  • Top 4 Small Business Internet Banking site as rated by Speer and Associates
  • Top 3 merchant payment processor
  • #1 commercial card issuer


  • Top 2 corporate card provider
  • Top 2 fleet card provider
  • Top 2 freight payment provider
  • Top 2 bank-owned ATM network
  • Top 12 ATM network through Fastbank, owned by Elan Financial Services
  • Top 5 check processor
  • Top 7 U.S. credit and debit card issuer in total sales volume
  • Top 8 worldwide credit and debit card issuer in total sales volume
  • Top 7 in ATM volume
  • Top 9 ATM processor


  • Processor of 7% of all ATM/debit point of sale transactions in the U.S.
  • Processor of ATM/debit/credit transactions for more than 21% of all banks in the U.S.
  • #1 municipal finance trustee
  • Top 5 in corporate, asset-backed and mortgage-backed bond issues
  • Top 5 bank-affiliated U.S. mutual fund family through First American Funds
  • Top 5 full-service, third-party provider of mutual fund services
  • Top 6 bank provider of recordkeeping by assets
  • Top 11 domestic bank securities custodian
  • Private Client Group has $68.2 billion in assets under administration
  • U.S. Bancorp Asset Management has more than $127.7 billion in assets under management*; ranks as the 37th largest asset manager domiciled in the U.S.
  • First American Funds family includes open-end funds with assets of more than $57.6 billion*


  • A number of First American Funds products have received notable recognition from both third-party rating and ranking agencies
  • #1 Retail Internet Banking site as rated by Speer and Associates
  • #1 retail auto lessor
  • Top 3 in-store branch network
  • Top 4 branch network
  • Top 6 bank dealer indirect consumer loan provider
  • Top 9 student loan provider
  • Top 20 U.S. home mortgage lender
  • U.S. Bank Consumer Finance has more than $6 billion in loan receivables

*Assets are as of December 31, 2003, and reflect U.S. Bancorp Asset Management, Inc., and its affiliated private asset management group within U.S. Bank National Association. Investment products, including shares of mutual funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank or any U.S. Bancorp affiliate, nor are they insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other agency. An investment in such products involves investment risk, including possible loss of principal. U.S. Bancorp Asset Management, Inc., serves as the investment advisor to First American Funds. First American Funds are distributed by Quasar Distributors, LLC, an affiliate of the investment advisor.


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