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US BANCORP \DE\ Capital/Financing Update 2013

Mar 14, 2013

29924_rns_2013-03-14_e48a1603-6bb1-4321-b301-f545ae0594b4.zip

Capital/Financing Update

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8-K 1 htm_47297.htm LIVE FILING CoverPageHeader start html PUBLIC "-//W3C//DTD HTML 3.2//EN" U.S. Bancorp (Form: 8-K) Comment1

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 14, 2013

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U.S. Bancorp ______ (Exact name of registrant as specified in its charter)

Delaware 1-6880 41-0255900
___ (State or other jurisdiction _______ (Commission __ (I.R.S. Employer
of incorporation) File Number) Identification No.)
800 Nicollet Mall, Minneapolis, Minnesota 55402
_________ (Address of principal executive offices) _____ (Zip Code)

Registrant’s telephone number, including area code: 651-466-3000

Not Applicable __________ Former name or former address, if changed since last report

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On March 14, 2013, U.S. Bancorp announced that the Board of Governors of the Federal Reserve System did not object to the capital actions included in its 2013 capital plan submitted as part of its 2013 Comprehensive Capital Analysis and Review and that it will recommend in June that its board of directors approve an increase in the dividend rate on U.S. Bancorp common stock to $0.92 on an annualized basis, or $0.23 on a quarterly basis, beginning with the second quarter dividend payable in July 2013. U.S. Bancorp also announced that the board of directors had approved an authorization to repurchase up to $2.25 billion of its outstanding common stock. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated into this Item 8.01 by reference.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. 99.1 Press release dated March 14, 2013

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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/s/ James L. Chosy
Name: James L. Chosy
Title: Executive Vice President, General Counsel and Corporate Secretary

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Exhibit Index

Exhibit No. Description
99.1 Press release dated March 14, 2013

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