US BANCORP \DE\ - Major Shareholding Notification 2015

SC 13G/A 1 d868429dsc13ga.htm SC 13G/A SC 13G/A

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 1)*

U.S. BANCORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

902973304

(CUSIP Number)

December 31, 2014

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1 (b)

¨ Rule 13d-1 (c)

¨ Rule 13d-1 (d)

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

13G

CUSIP No. 902973304 Page 2 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Warren E. Buffett | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION United States Citizen | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 884,230 shares of Common Stock |
| | 6 | SHARED VOTING POWER 97,480,940 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER 884,230 shares of Common Stock |
| | 8 | SHARED DISPOSITIVE POWER 97,480,940 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,365,170 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not Applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 5.5% | |
| 12 | TYPE OF REPORTING PERSON IN | |

13G

CUSIP No. 902973304 Page 3 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Berkshire Hathaway Inc. | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 97,480,940 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 97,480,940 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 97,480,940 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 5.4% | |
| 12 | TYPE OF REPORTING PERSON HC, CO | |

13G

CUSIP No. 902973304 Page 4 of 35 Pages

| 1 | NAME OF
REPORTING PERSON National Indemnity Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Nebraska | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 46,823,526 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 46,823,526 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,823,526 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 2.6% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 5 of 35 Pages

| 1 | NAME OF
REPORTING PERSON National Fire & Marine Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Nebraska | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 3,050,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 3,050,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,050,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 6 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Columbia Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Nebraska | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 27,885,696 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 27,885,696 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,885,696 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 1.6% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 7 of 35 Pages

| 1 | NAME OF
REPORTING PERSON National Indemnity Company of the South | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Florida | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 297,600 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 297,600 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 297,600 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 8 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Redwood Fire and Casualty Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Nebraska | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 3,050,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 3,050,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,050,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 9 of 35 Pages

| 1 | NAME OF
REPORTING PERSON GEICO Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 12,679,300 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 12,679,300 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,679,300 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.7% | |
| 12 | TYPE OF REPORTING PERSON HC, CO | |

13G

CUSIP No. 902973304 Page 10 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Government Employees Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Maryland | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 8,191,300 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 8,191,300 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,191,300 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.5% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 11 of 35 Pages

| 1 | NAME OF
REPORTING PERSON General Re Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 17,386,443 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 17,386,443 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,386,443 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 1.0% | |
| 12 | TYPE OF REPORTING PERSON HC, CO | |

13G

CUSIP No. 902973304 Page 12 of 35 Pages

| 1 | NAME OF
REPORTING PERSON General Reinsurance Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 17,386,443 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 17,386,443 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,386,443 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 1.0% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 13 of 35 Pages

| 1 | NAME OF
REPORTING PERSON U.S. Investment Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 1,745,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 1,745,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,745,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.1% | |
| 12 | TYPE OF REPORTING PERSON HC, CO | |

13G

CUSIP No. 902973304 Page 14 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Mount Vernon Fire Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 760,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 760,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 15 of 35 Pages

| 1 | NAME OF
REPORTING PERSON U.S. Underwriters Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of North Dakota | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 175,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 175,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 175,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 16 of 35 Pages

| 1 | NAME OF
REPORTING PERSON The Medical Protective Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Indiana | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 4,204,800 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 4,204,800 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,204,800 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 17 of 35 Pages

| 1 | NAME OF
REPORTING PERSON United States Liability Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 985,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 985,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 985,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 18 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Medical Protective Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Indiana | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 4,204,800 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 4,204,800 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,204,800 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON HC, CO | |

13G

CUSIP No. 902973304 Page 19 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Benjamin Moore Pension Trust | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of New Jersey | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 590,275 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 590,275 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 590,275 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON EP | |

13G

CUSIP No. 902973304 Page 20 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Berkshire Hathaway Assurance Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of New York | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 4,173,800 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 4,173,800 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,173,800 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 21 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Berkshire Hathaway Homestate Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Nebraska | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 3,070,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 3,070,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,070,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 22 of 35 Pages

| 1 | NAME OF
REPORTING PERSON National Indemnity Company of MidAmerica | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Iowa | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 474,300 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 474,300 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 474,300 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 23 of 35 Pages

| 1 | NAME OF
REPORTING PERSON GEICO Indemnity Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Maryland | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 4,488,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 4,488,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,488,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.2% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 24 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Berkshire Hathaway Specialty Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Nebraska | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 9,151,626 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 9,151,626 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,151,626 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.5% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 25 of 35 Pages

| 1 | NAME OF
REPORTING PERSON General Star Indemnity Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 1,400,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 1,400,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,400,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 26 of 35 Pages

| 1 | NAME OF
REPORTING PERSON General Re Life Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Connecticut | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 1,427,343 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 1,427,343 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,427,343 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 27 of 35 Pages

| 1 | NAME OF
REPORTING PERSON NorGUARD Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 375,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 375,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 375,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 28 of 35 Pages

| 1 | NAME OF
REPORTING PERSON WestGUARD Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 25,000 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 25,000 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,000 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 29 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Philadelphia Reinsurance Corporation | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 373,596 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 373,596 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 373,596 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

13G

CUSIP No. 902973304 Page 30 of 35 Pages

| 1 | NAME OF
REPORTING PERSON Am Guard Insurance Company | |
| --- | --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x (b) ¨ | |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF
ORGANIZATION State of Pennsylvania | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER NONE |
| | 6 | SHARED VOTING POWER 203,400 shares of Common Stock |
| | 7 | SOLE DISPOSITIVE POWER NONE |
| | 8 | SHARED DISPOSITIVE POWER 203,400 shares of Common Stock |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 203,400 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ Not applicable. | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less than 0.1% | |
| 12 | TYPE OF REPORTING PERSON IC, CO | |

Page 31 of 35 Pages

SCHEDULE 13G

ITEM 1.

(a) Name of Issuer

U.S. Bancorp

(b) Address of Issuers Principal Executive Offices

800 Nicollett Mall, Minneapolis, MN 55402

Item 2(a). Name of Person Filing:

Item 2(b). Address of Principal Business Office:

Item 2(c). Citizenship:

Warren E. Buffett 3555 Farnam Street Omaha, Nebraska 68131 United States citizen	Berkshire Hathaway Inc. 3555 Farnam Street Omaha, Nebraska 68131 Delaware
National Indemnity Company 3024 Harney
Street Omaha, Nebraska 68131 Nebraska	National Indemnity Company of the South 3024
Harney Street Omaha, NE 68131 Florida
National Fire & Marine Insurance Company 3024 Harney Street Omaha, Nebraska 68131 Nebraska	Redwood Fire & Casualty Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska
Columbia Insurance Company 3024 Harney
Street Omaha, Nebraska 68131 Nebraska	GEICO Corporation One GEICO Plaza Washington, DC 20076 Delaware
General Re Corporation 120 Long Ridge Road Stamford, CT 06902 Delaware	Government Employees Insurance Company One
GEICO Plaza Washington, DC 20076 Delaware
General Re Life Corporation 120 Long Ridge
Road Stamford, CT 06902 Delaware Am Guard Insurance Company c/o Berkshire Hathaway Guard P.O. Box A-H Wilkes-Barre, PA 18703 Pennsylvania	General Star Indemnity Company 120 Long Ridge
Road Stamford, CT 06902 Delaware Berkshire Hathaway Specialty Insurance Company 3024 Harney Street Omaha, NE 68131 Nebraska

Page 32 of 35 Pages

| U.S. Investment Corporation 190 South Warner
Road Wayne, PA 19087 Pennsylvania | General Reinsurance Corporation 120 Long Ridge
Road Stamford, CT 06902 |
| --- | --- |
| Mount Vernon Fire Insurance Company 190 South
Warner Road Wayne, PA 19087 Pennsylvania | U.S. Underwriters Insurance Company 190 South
Warner Road Wayne, PA 19087 North Dakota |
| United States Liability Insurance Company 190 South Warner Road Wayne, PA 19087 Pennsylvania The Medical Protective Company 5814 Reed Road Ft. Wayne, IN 48635 Indiana Berkshire Hathaway Assurance Corporation 3024 Harvey Street Omaha, NE 68131 New York | Medical Protective Corporation 5814 Reed
Road Ft. Wayne, IN 48635 Indiana Benjamin Moore Pension Trust c/o Benjamin Moore & Co. 51 Chestnut Ridge Road Montvale, New Jersey 07645 New Jersey Berkshire Hathaway Homestate Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska |
| National Indemnity Company of Mid America 3024
Harvey Street Omaha, NE 68131 Iowa | GEICO Indemnity Company 5260 Western Ave. Chevy Chase, MD 20815 Maryland |
| NorGUARD Insurance Company c/o Berkshire
Hathaway Guard P.O. Box A-H Wilkes Barre, PA 18703 Pennsylvania | Philadelphia Reinsurance Corporation 3024
Harvey Street Omaha, NE 68131 Pennsylvania |
| WestGUARD Insurance Company c/o Berkshire
Hathaway GUARD P.O. Box A-H Wilkes Barre, PA 18703 Pennsylvania | |

Page 33 of 35 Pages

(d) Title of Class of Securities

Common Stock

(e) CUSIP Number

902973304

ITEM 3. If this statement is filed pursuant to § 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.), Berkshire Hathaway Inc., GEICO Corporation, General Re Corporation, U.S. Investment Corporation, and Medical Protective Corporation are each a Parent Holding Company or Control Person, in accordance with § 240 . 13d-1(b)(1)(ii)(G).

National Indemnity Company, National Fire & Marine Insurance Company, Columbia Insurance Company, National Indemnity Company of the South, Redwood Fire and Casualty Insurance Company, Government Employees Insurance Company, General Reinsurance Corporation, Mount Vernon Insurance Company, U.S. Underwriters Insurance Company, United States Liability Insurance Company, The Medical Protective Company, Berkshire Hathaway Assurance Corporation, Berkshire Hathaway Homestate Insurance Company, National Indemnity Company of Mid America, GEICO Indemnity Company and Berkshire Hathaway Specialty Insurance Company, General Star Indemnity Company, General Re Life Corporation, Philadelphia Reinsurance Corporation, NorGUARD Insurance Company, WestGUARD Insurance Company, and Am Guard Insurance Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

Benjamin Moore Pension Trust is an Employee Benefit Plan in accordance with § 240.13d-1(b)(1)(ii)(F).

The Reporting Persons together are a group in accordance with § 240.13d-1(b)(i)(ii)(K).

Page 34 of 35 Pages

ITEM 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned

See the Cover Pages for each of the Reporting Persons.

(b) Percent of class

See the Cover Pages for each of the Reporting Persons.

(i) sole power to vote or to direct the vote

(ii) shared power to vote or to direct the vote

(iii) sole power to dispose or to direct the disposition of

(iv) shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons .

ITEM 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

ITEM 8. Identification and Classification of Members of the Group.

Not Applicable.

ITEM 9. Notice of Dissolution of Group.

Not Applicable.

ITEM 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

Page 35 of 35 Pages

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 17 th day of February, 2015

/s/ Warren E. Buffett
Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:	/s/ Warren E. Buffett
	Warren E. Buffett
	Chairman of the Board
NATIONAL INDEMNITY COMPANY, NATIONAL FIRE AND MARINE INSURANCE COMPANY, COLUMBIA INSURANCE COMPANY, NATIONAL INDEMNITY COMPANY OF THE
SOUTH, REDWOOD FIRE AND CASUALTY INSURANCE COMPANY, GEICO CORPORATION, GOVERNMENT EMPLOYEES INSURANCE CORPORATION, GENERAL
RE CORPORATION, GENERAL REINSURANCE CORPORATION, U.S. INVESTMENT CORPORATION, MOUNT VERNON FIRE INSURANCE COMPANY, U.S.
UNDERWRITERS INSURANCE COMPANY, UNITED STATES LIABILITY INSURANCE COMPANY, MEDICAL PROTECTIVE CORPORATION, THE MEDICAL PROTECTIVE COMPANY,
BENJAMIN MOORE PENSION TRUST, BERKSHIRE HATHAWAY
ASSURANCE CORPORATION, BERKSHIRE HATHAWAY HOMESTATE INSURANCE
COMPANY, NATIONAL INDEMNITY COMPANY OF MID AMERICA, GEICO INDEMNITY COMPANY AND BERKSHIRE HATHAWAY SPECIALTY INSURANCE COMPANY, GENERAL STAR INDEMNITY COMPANY, GENERAL RE LIFE CORPORATION, AND AM GUARD INSURANCE COMPANY PHILADELPHIA REINSURANCE CORPORATION NORGUARD INSURANCE
COMPANY WESTGUARD INSURANCE COMPANY
By:	/s/ Warren E. Buffett
	Warren E. Buffett
	Attorney-in-Fact

SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

GEICO Corporation

General Re Corporation

U.S. Investment Corporation

Medical Protective Corporation

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

National Fire & Marine Insurance Company

Columbia Insurance Company

National Indemnity Company of the South

Redwood Fire and Casualty Company

Government Employees Insurance Company

General Reinsurance Corporation

Mount Vernon Fire Insurance Company

U.S. Underwriters Insurance Company

United States Liability Insurance Company

The Medical Protective Company

Berkshire Hathaway Assurance Corporation

Berkshire Hathaway Homestate Insurance Company

National Indemnity Company of Mid America

GEICO Indemnity Company

General Re Life Corporation

General Star Indemnity Company

Am Guard Insurance Company

Berkshire Hathaway Specialty Insurance Company

Philadelphia Reinsurance Corporation

NorGUARD Insurance Company

WestGUARD Insurance Company

EMPLOYEE BENEFIT PLANS IN ACCORDANCE WITH 13d-1-(b)(1)(ii)(F)

Benjamin Moore Pension Trust

Note: No Common Stock of U.S. Bancorp is held directly by Berkshire Hathaway Inc. 884,230 shares of Common Stock of U.S. Bancorp are held directly by Warren E. Buffett, an individual who may be deemed to control Berkshire Hathaway Inc.

SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

AND POWER OF ATTORNEY

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Common Stock of U.S. Bancorp may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

Dated: February 17, 2015	/S/ Warren E. Buffett
	Warren E. Buffett
	Berkshire Hathaway Inc.
Dated: February 17, 2015	/S/ Warren E. Buffett
	By: Warren E. Buffett
	Title: Chairman of the Board
	National Indemnity Company
Dated: February 17, 2015	/S/ Marc D. Hamburg
	By: Marc D. Hamburg
	Title: Chairman of the Board
	National Fire & Marine Insurance Company
Dated: February 17, 2015	/S/ Marc D. Hamburg
	By: Marc D. Hamburg
	Title: Chairman of the Board
	Columbia Insurance Company
Dated: February 17, 2015	/S/ Marc D. Hamburg
	By: Marc D. Hamburg
	Title: Chairman of the Board

	National Indemnity Company of the South
Dated: February 17, 2015	/S/ Marc D. Hamburg
	By: Marc D. Hamburg
	Title: Chairman of the Board
	Redwood Fire and Casualty Insurance Company
Dated: February 17, 2015	/S/ Marc D. Hamburg
	By: Marc D. Hamburg
	Title: Assistant Secretary
	GEICO Corporation
Dated: February 17, 2015	/S/ Michael H. Campbell
	By: Michael H. Campbell
	Title: Vice President
	Government Employees Insurance Company
Dated: February 17, 2015	/S/ Michael H. Campbell
	By: Michael H. Campbell
	Title: Vice President
	General Re Corporation
Dated: February 17, 2015	/S/ William Gasdaska
	By: William Gasdaska
	Title: Vice President
	General Reinsurance Corporation
Dated: February 17, 2015	/S/ William Gasdaska
	By: William Gasdaska
	Title: Vice President

	U.S. Investment Corporation
Dated: February 17, 2015	/S/ Louis S. Rivituso
	By: Louis S. Rivituso
	Title: Treasurer
	Mount Vernon Fire Insurance Company
Dated: February 17, 2015	/S/ Louis S. Rivituso
	By: Louis S. Rivituso
	Title: Treasurer
	U.S. Underwriters Insurance Company
Dated: February 17, 2015	/S/ Louis S. Rivituso
	By: Louis S. Rivituso
	Title: Treasurer
	United States Liability Insurance Company
Dated: February 17, 2015	/S/ Louis S. Rivituso
	By: Louis S. Rivituso
	Title: Treasurer
	The Medical Protective Company
Dated: February 17, 2015	/S/ Daniel Landrigan
	By: Daniel Landrigan
	Title: Senior Vice President
	Medical Protective Corporation
Dated: February 17, 2015	/S/ Daniel Landrigan
	By: Daniel Landrigan
	Title: Senior Vice President

	Benjamin Moore Pension Trust
Dated: February 17, 2015	/S/ Michael Searles
	By: Michael Searles
	Title: President and Chief Executive Officer
	Berkshire Hathaway Assurance Corporation
Dated: February 17, 2015	/S/ Dale D. Geistkemper
	By: Dale D. Geistkemper
	Title: Treasurer
	Berkshire Hathaway Homestate Insurance Company
Dated: February 17, 2015	/S/ Andrew Linkhart
	By: Andrew Linkhart
	Title: Treasurer
	GEICO Indemnity Company
Dated: February 17, 2015	/S/ Michael H. Campbell
	By: Michael H. Campbell
	Title: Vice President
	Berkshire Hathaway Specialty Insurance Company
Dated: February 17, 2015	/S/ Dale D. Geistkemper
	By: Dale D. Geistkemper
	Title: Treasurer
	General Re Life Corporation
Dated: February 17, 2015	/S/ Joseph Conetta
	By: Joseph Conetta
	Title: Treasurer

	General Star Indemnity Company
Dated: February 17, 2015	/S/ William H. Gardaska
	By: William H. Gardaska
	Title: Treasurer
	Am Guard Insurance Company
Dated: February 17, 2015	/S/ Sy Foguel
	By: Sy Foguel
	Title: President
	NorGuard Insurance Company
Dated: February 17, 2015	/S/ Sy Foguel
	By: Sy Foguel
	Title: President
	WestGuard Insurance Company
Dated: February 17, 2015	/S/ Sy Foguel
	By: Sy Foguel
	Title: President
	Philadelphia Reinsurance Company
Dated: February 17, 2015	/S/ Dale D. Geistkemper
	By: Dale D. Geistkemper
	Title: Treasurer

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