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U.S. Bancorp Declares Series E Preferred Stock Dividend

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^{Published in Business and Finance on Tuesday, January 27th 2009 at 15:56 GMT, Last Modified on 2009-01-27 15:57:19 by Market Wire}  

MINNEAPOLIS--([ BUSINESS WIRE ])--The board of directors of U.S. Bancorp (NYSE: USB) has declared a cash dividend of $12.63888889 per share on its Series E Fixed-Rate Cumulative Perpetual Preferred Stock. This preferred dividend is payable on February 17, 2009, to the shareholder of record as of January 31, 2009. This is the first quarterly dividend payment to the U.S. Department of the Treasury, the shareholder of record, on the preferred stock issued to it by U.S. Bancorp under the Capital Purchase Program of the government's Troubled Asset Relief Program (TARP).

U.S. Bancorp, with $266 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States as of September 30, 2008. The company operates 2,791 banking offices and 5,164 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at [ usbank.com ].