On May 2, 2013, in accordance with the Deposit Agreement, dated as of March 17, 2008, by and among the Company, U.S. Bank National Association and the Holders of Receipts issued thereunder from time to time, the Company provided notice to the Depositary to redeem all 20,000 outstanding shares of its 7.875% Series D Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share, and its depositary shares each representing a 1/1,000th interest in a share of the Series D Preferred Stock. The Series D Preferred Stock will be redeemed at a redemption price per share equal to $25,000 (equivalent to $25 per Series D Depositary Share), plus any accrued and unpaid dividends to, but excluding, the redemption date. The redemption date will be June 3, 2013.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  U.S. Bancorp, 7.875% Depositary Shares each representing a 1/1000 interest in a share of the Series D Non-cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 4/15/2013 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.875% ($1.96875) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date which will be the last business day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-27 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.88% $1.96875	$25.00 $25.00	Called for 6/03/2013 None	Baa1 BBB+ 6/11/2013	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Company's Online Information Links

HOME PAGE:     http://www.usbank.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Email Address	judith.murphy@usbank.com
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Address and Phone Numbers

Address:   800 Nicollet Mall, Minneapolis, MN 55402
Main Phone Number	651-466-3000
Fax Number	612-303-0782
Investor Relations   Judith T. Murphy	612-303-0783
Toll Free Phone Number	866-775-9668

CEO - Richard K. Davis

CFO - Andrew Cecere