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Key Business Units
| • | Private Client Group fulfills private banking, personal trust and investment management needs for affluent clients and has $79 billion in assets under administration |
| • | Corporate Trust Services provides trustee services for more than $650 billion in municipal, corporate, asset-backed and international bonds |
| • | Institutional Trust and Custody provides retirement, investment and custodian services to institutional clients |
| • | Fund Services provides transfer agent, fund accounting, fund administration/ compliance and distribution to mutual fund complexes |
| • | U.S. Bancorp Asset Management, Inc., with more than $121 billion* in assets under management, advises the $54 billion* First American® family of mutual funds and provides customized portfolio management for individuals, corporations, endowments, foundations, pension funds, public entities and labor unions |
Strengths and Successes
| • | Creative, needs-based solutions |
| • | Leading technology and operational economies of scale |
| • | Breadth of asset management products |
| • | Top 2 municipal trustee |
| • | Top 3 transfer agent |
| • | Top 5 bank-affiliated U.S. mutual fund family |
| • | Top 6 among banks in record keeping assets |
Contribution to 2001
U.S. Bancorp Operating Income
| * | Assets are as of December 31, 2001 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. |
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