











|
 |


Key Business Units
| | Private Advisory Services helps affluent clients meet their financial goals through a network of 123 brokerage offices |
| | Equity Capital Markets provides research, trading, sales and equity investment banking activities, including public offerings and advisory services for mergers and acquisitions, with niches in communications, consumer, health care, financial institutions, industrial growth and technology |
| | Fixed Income Capital Markets provides financing and investment expertise to public finance issuers, corporate debt issuers and institutional investors |
Strengths and Successes
| | Strong retail distribution network |
| | "Middle Market Mergers & Acquisitions Bank of the Year," Mergers & Acquisitions magazine, February 2001 |
| | Top-performing equity bookrunner for lead-managed IPOs and follow-on offerings |
| | Record year for Fixed Income Capital Markets |
| | Leading manager of fixed income new issuance, underwriting $11.5 billion in agency securities and $6.3 billion in municipal bonds |
Contribution to 2001 U.S. Bancorp Operating Income
|