U.S. Bank gives Online Banking customers access to free credit score

Second Quarter 2015 Performance

Ranking U.S. Bank is the 5th largest U.S. commercial bank Period-end assets $419 billion

Period-end deposits $297 billion

Period-end loans $249 billion

Earnings per common share (diluted) $0.80

Return on average assets 1.46%

Return on average common equity 14.3%

Customers 18.5 million

Bank branches 3,164

ATMs 5,020

NYSE symbol USB

Year founded 1863

U.S. Bank is now offering all online banking customers free access to their credit score, plus an online simulator that tells them how the financial choices they make today may affect their score and their ability to access credit in the future. The service, CreditView, is provided by TransUnion. CreditView appears as a custom dashboard with the customer’s TransUnion credit score, factors that are influencing that score and variables that can simulate what may happen to that score if, for example, the customer paid off his or her credit card, or applied for a loan. The tool provides added information as consumers think through how to best position themselves financially.

2015 Second Quarter Profile

U.S. BANK AND MINNESOTA VIKINGS INTRODUCE “U.S. BANK STADIUM,” ANNOUNCE “PLACES TO PLAY” PROGRAM

U.S. Bank has signed a 20-year exclusive naming rights investment into the new state-of-the-art, multi-use stadium that will serve as the Vikings home beginning in 2016. On June 15, U.S. Bank and Vikings also announced the “Places to Play” program, a multi-year, $1,000,000, statewide investment into locations for Minnesota youth to play. The PTP program reinforces U.S. Bank’s and the Vikings’ commitment to supporting an active lifestyle of the youth and communities in Minnesota. U.S. Bank Stadium exhibits a bold, progressive design and combines efficient functionality with stunning architecture. The stadium features a transparent ETFE roof, combined with the world’s largest pivoting glass doors and an entire glass wall that overlooks the downtown Minneapolis skyline.

GLOBALCAPITAL NAMES U.S. BANK “BEST TRUSTEE” AT ANNUAL SECURITIZATION AWARDS

In June, GlobalCapital named U.S. Bank “Best Trustee” at its 2015 U.S. Securitization Awards. The award is the result of an open nomination process in which top capital markets firms were asked to name the most impressive trustee in the market over the past year. GlobalCapital, formerly known as EuroWeek, is a leading news, opinion and data service for people and institutions using and working in the international capital markets.

REBA DOMINSKI NAMED SENIOR VICE PRESIDENT OF U.S. BANK FOUNDATION AND COMMUNITY RELATIONS

Reba Dominski has joined U.S. Bank as senior vice president of the U.S. Bank Foundation and Community Relations. Dominski brings a wealth of corporate giving and community relations experience to this role, which oversees the U.S. Bank Foundation and employee volunteerism. Last year, the foundation provided more than $23.5 million in grant funding and employees donated more than 370,000 volunteer hours. Dominski joins U.S. Bank from Target Corporation, where she spent more than 20 years, including the past six years as senior director of community relations focused on education.

U.S. BANK CUSTOMERS WILL SOON BE ABLE TO ADD THEIR CARDS TO ANDROID PAY

U.S. Bank has worked with Google to make U.S. Bank cardmembers among the first to have access to Android Pay for credit and debit card transactions when the service launches. This is the latest in a series of innovations from U.S. Bank to make payments simple, more convenient and secure. With Android Pay, customers can use their Android phones to make purchases in stores and in apps. It offers a fast, simple and secure way to use a card to buy things in-app or in-store.

U.S. BANK BECOMES MEMBER OF CLEARXCHANGE TO BRING CUSTOMERS FASTER, MORE SECURE DIGITAL PAYMENTS

U.S. Bank has made an investment in and joined clearXchange, the largest bank-focused digital payments network in the United States. With the addition of U.S. Bank, the clearXchange network now includes 5 of the largest banks in the United States, along with multiple regional financial institutions, who together serve over 100 million online banking and 50 million mobile banking customers. Through clearXchange, it will be even easier for U.S. Bank customers to send payments to anyone with a United States bank account from the security and convenience of their U.S. Bank online and mobile banking experience. The only information the sender needs is the receiver’s mobile number or email address, eliminating the need to share sensitive account information.

U.S. Bank stands apart

SMALL BUSINESS OPTIMISM HITS NEW HIGH IN 2015 U.S. BANK SMALL BUSINESS SURVEY

In May, U.S. Bank announced results of the 2015 U.S. Bank Small Business Annual Survey. Results show small business owners are more confident about the future of their businesses now than at any time in the six year history of the survey. Optimism is on the rise, businesses are healthier, and they may be on the verge of taking action to expand; however, few are actually seeking credit to do it. “The economy is gaining momentum and we are starting to see optimism rise among small businesses,” said Andrew Cecere, chief operating officer of U.S. Bancorp.

• U.S. Bancorp ranked the highest in its peer group, in Forbes’ sixth annual “Best and Worst Banks” ranking – December 2014

• U.S. Bank earns another “Best Bank” accolade from Money Magazine in the small business category, tying for “best bank” for “new business” – October 2014

• U.S. Bancorp is the only bank in the United States named to Bloomberg Markets 2014 list of “World’s Strongest Banks” – June 2014

• U.S. Bank wins TNS Global Choice Award for Small Business Banking. TNS is the largest custom market research firm in the world – 2014

• U.S. Bank ranked in Top 100 Military Friendly Employers® – G.I. Jobs magazine, 2014

• U.S. Bank among “Most Reputable Companies” – Forbes, April 2012, 2013 and 2014

• U.S. Bank is Most Admired Superregional Bank five years in a row – Fortune, March 2011, 2012, 2013, 2014 and 2015

• U.S. Bank again ranked one of the World’s Safest Banks – Global Finance, April 2012, 2013 and 2014

• United States Department of Defense names U.S. Bank a 2013 Secretary of Defense Freedom Award winner – June 2013

• U.S. Bank named as a 2015 World’s Most Ethical Company – The Ethisphere Institute, March, 2015

• U.S. Bank #1 Most Trusted Bank in consumer protection for nine years in a row – Ponemon Institute, June, 2015

U.S. BANK NAMES REX RUDY HEAD OF COMMERCIAL REAL ESTATE DIVISION

Rex Rudy has joined U.S. Bank to head its commercial real estate division, succeeding Joe Hoesley, who retired in March. Rudy brings more than 20 years of experience in the industry, most recently as managing director and group head of real estate investment trust (REIT) finance at Wells Fargo. Rudy will oversee 350 employees in the bank’s 24 commercial real estate offices across the country. The division focuses on establishing long-term relationships with commercial real estate developers, REITs and commercial property owners.

U.S. BANK NAMED TOP 100 LOGISTICS IT PROVIDER BY INBOUND LOGISTICS

In its annual logistics IT research survey, Inbound Logistics magazine named U.S. Bank a Top 100 sector leader for its suite of Freight Payment tools that promote secure, automated cash-flow management through a variety of audit, payment and financing programs. The bank’s Freight Payment tools were praised for market-leading technology. This is the third consecutive year the bank’s industry-leading freight payment solution has made the list. The Inbound Logistics selection team chose its 100 top technology leaders from a pool of more than 400 candidates. The full list appears in the April 2015 issue.

CONSUMER + SMALL BUSINESS

BANKING

WHOLESALE BANKING +

COMMERCIAL REAL ESTATE

WEALTH MANAGEMENT +

SECURITIES SERVICES

PAYMENT SERVICES

People, potential and purpose intersect in our four powerful lines of business.

42%30%

11%17%

Debt ratings

Moody’s S&P Fitch DBRS

Ratings Outlook Stable Stable Stable Stable

U.S. Bancorp Senior Debt

& MTNs A1 A+ AA- AA

U.S. Bank N.A. Long-term

Deposits Aa1 AA- AA AA (high)

40371 Q2/15usbank.com

Revenue mix by business line

U.S. Bancorp Business Scope — Diversified Business and Markets

Q2 2015 YTD taxable-equivalent basis, excluding securities gains (losses) net

Revenue percentages exclude Treasury and Corporate Support

Source: SNL and company reports Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC

Source: company reports & FactSet Market Value as of July 21, 2015

• Payment Services

• Wealth Management and Securities Services

• Wholesale Banking and Commercial Real Estate

• Consumer and Small Business Banking

As of 7/21/15

53.2%

58.260.360.662.3

64.465.665.665.9

Peer 1Peer 2Peer 3Peer 4Peer 5Peer 6Peer 7Peer 8

69.8Peer 9

USB

0 50 100

EFFICIENCY RATIO

14.3%

12.710.8

9.79.1

8.58.7

8.28.1

Peer 1Peer 2Peer 3Peer 4Peer 5Peer 6Peer 7Peer 8

6.7Peer 9

USB

0 7.5 15

RETURN ON AVERAGE COMMON EQUITY

1.46% RETURN ON AVERAGE ASSETS

1.331.18

1.041.031.021.01

0.990.95

Peer 1Peer 2Peer 3Peer 4Peer 5Peer 6Peer 7Peer 8

0.90 Peer 9

USB

0 .85 1.7

ASSETS

2,4501 J.P. Morgan2,1492 Bank of America1,8273 Citigroup1,7214 Wells Fargo

4195 U.S. Bancorp3546 PNC1917 BB&T1898 SunTrust1429 Fifth Third12210 Regions

U.S. Rank $Billions

MARKET VALUE

2981 Wells Fargo2562 J.P. Morgan1893 Bank of America1784 Citigroup

815 U.S. Bancorp516 PNC307 BB&T238 SunTrust179 Fifth Third1410 Regions

U.S. Rank $Billions

Regional Consumer & Business Bankingand Wealth Management

National Wholesale Banking and Wealth Management & Securities Services

InternationalPayments and Securities Services

Wealth Management offices in New York City, Wilmington, Delaware, and Naples and Palm Beach, Florida

Corporate Trust and Fund Services offices in London and Dublin

For U.S. Bank:

Deposit Products offered by U.S. Bank National Association, Member FDIC.

Credit products are offered by U.S. Bank National Association and subject to normal credit approval.

U.S. Bancorp, including each of our subsidiaries, is an Equal Opportunity Employer and a Drug-Free Workplace.

The factual information provided has been obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness.

For U.S. Bancorp Investments:

Investment products and services are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License # OE24641.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments.

Investment and Insurance products are:

NOT A DEPOSIT NOT FDIC INSURED

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

MAY LOSE VALUE NOT GUARANTEED BY THE BANK

Total Assets and Market Value

2Q15

Outperforming our peers

2Q15 (In Percents)