MINNEAPOLIS--(BUSINESS WIRE)--Jun. 21, 2019--
U.S. Bancorp (NYSE: USB) (“the Company”) today disclosed the results of its company-run Dodd-Frank Act Stress Test (“DFAST”) conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The DFAST results, along with a summary of the Company’s risks and methodologies used to calculate the results, are available on the Company’s website at www.usbank.com under About Us, Investor Relations, Financial Information, Dodd-Frank Act Stress Test Results. DFAST results for U.S. Bancorp’s primary banking subsidiary, U.S. Bank National Association, are also available on the Company’s website.
The Company’s DFAST results may differ from those calculated and published by the Federal Reserve Board due to differences in models, methodologies and assumptions, among other things.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank at www.usbank.com or follow on social media to stay up to date with company news.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190621005479/en/
Source: U.S. Bancorp
Jennifer Thompson, U.S. Bancorp Investor Relations – 612.303.0778; email@example.com
Rebekah Fawcett, U.S. Bancorp Corporate Communications – 612.303.9986; firstname.lastname@example.org