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): | August 9, 2011 |
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
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))
Item 8.01 Other Events.
On August 9, 2011, U.S. Bancorp (the “Company”) submitted redemption notices to the property trustee for each trust listed below, which will result in the redemption of the trust preferred securities identified below on the redemption date specified for each security. The trust preferred securities will be redeemed at the redemption price of $25 per trust preferred security plus accrued and unpaid distributions through the redemption date. The USB Capital VI trust preferred securities have been callable at any time on or after March 9, 2010, and the USB Capital VII trust preferred securities have been callable at any time on or after August 15, 2010. Under applicable regulatory capital guidelines issued by bank regulatory agencies, upon notice of redemption, these trust preferred securities will no longer qualify as Tier 1 capital for the Company. These redemptions are consistent with the capital plan the Company submitted to the Federal Reserve Board, and will be funded by general corporate reserves.
| Trust | Security | Principal Amount | CUSIP | Redemption Date | ||||
| USB Capital VI | 5.75% Trust Preferred Securities |
$275,000,000 |
903304202 |
September 8, 2011 |
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| USB Capital VII | 5.875% Trust Preferred Securities |
$300,000,000 |
903301208 |
September 8, 2011 |
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.
| U.S. Bancorp | ||||
| August 9, 2011 | By: |
Lee R. Mitau
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| Name: Lee R. Mitau | ||||
| Title: Executive Vice President, General Counsel and Corporate Secretary | ||||