1. Agency Solutions in Today's Challenging Environment
May 14, 2015
Presented by:
Nancy Taylor, Vice President
Stephanie Haysley, Vice President
Greg Jordan, Managing Director

2. U.S. Bank Overview

3. Total Assets and Market Value
U.S.
Rank Company $Billions
1 J.P. Morgan $2,573
2 Bank of America 2,105
3 Citigroup 1,843
4 Wells Fargo 1,687
5 U.S. Bancorp 403
6 PNC 345
7 SunTrust 190
8 BB&T 187
9 Fifth Third 139
10 Regions 120
U.S.
Rank Company $Billions
1 Wells Fargo $275
2 J.P. Morgan 211
3 Bank of America 165
4 Citigroup 147
5 U.S. Bancorp 77
6 PNC 45
7 BB&T 27
8 SunTrust 21
9 Fifth Third 15
10 Regions 12
Source: company reports & FactSet
Assets as of December 31, 2014; Market Value as of January 23, 2015

4. Primary Business Lines
Payment Services
Wholesale Banking &
Commercial Real Estate
Wealth Management &
Securities Services
Consumer Banking &
Small Business Banking
National Corporate Banking
Middle Market Commercial Banking
Commercial Real Estate
Correspondent Banking
Dealer Commercial Services
Community Banking
Foreign Exchange
Government Banking
International Banking
Treasury Management
Equipment Finance
Specialized Industries and Finance
Title Industry Banking
Homeowners Association Banking
Corporate Payment Systems
Elavon: Credit, Debit, Electronic Check and Gift Card Merchant Processing
Retail Payment Solutions: Debit, Credit, Small Business, Gift and Specialty Card Issuance
Healthcare Payment Solutions
Financial Institution Services
Treasury Management
Wealth Management:
Ascent Private Capital Management
The Private Client Reserve
U.S. Bancorp Investments, Inc.
U.S. Bancorp Insurance Services, LLC
Securities Services:
Global Corporate Trust Services
Institutional Trust and Custody
U.S. Bancorp Fund Services, LLC
U.S. Bancorp Asset Management, Inc.
Community Banking
Metropolitan Branch Banking
In-store and Corporate On-site Banking
Small Business Banking
Small Business Administration (SBA) Division
Consumer Lending
24-Hour Banking and Financial Sales
The Private Client Group
Home Mortgage
Community Affairs
Workplace and Student Banking
Transaction Services: ATM and Debit Processing and Services
For U.S. Bank: Deposit Products offered by U.S. Bank National Association, Member FDIC.U.S. Bank is not responsible for and does not guarantee the products, services, performance or obligations of its affiliates. U.S. Bancorp, including each of our subsidiaries, is an Equal Opportunity Employer and a Drug-Free Workplace. For U.S. Bancorp Investments, Inc.:
Investment products and services are available through U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank. Insurance products, including annuities, are available through U.S. Bancorp Insurance Services, LLC, U.S. Bancorp Investments, Inc., in Montana U.S. Bancorp Insurance Services of Montana, Inc., and in Wyoming U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. Policies are underwritten by unaffiliated insurance companies and may not be available in all states. CA Insurance License # OE24641.

5. Global Corporate Trust Services

6. Global Corporate Trust Services – At a Glance
One of the premier corporate trust providers in the nation and globally!
Providing trustee and agency services to private and public companies, government and tax-exempt entities, municipalities, and other financial services companies who issue public or private debt.
Product and Services
Corporate Municipal: Focus on debt issuances and escrows by corporations, state, and local municipalities
Structured: Focus on mortgage and asset backed securities (MBS & ABS)
Collateralized Debt Obligations (CDO): Focus on CDOs which are securities backed by a pool of loans, bonds, or other assets
Key Statistics (Q4/ as of 1/23/15)
Employees ,866 domestic, 106 international
Offices domestic, 3 international
Assets Under Admin $3.7 trillion
# of issuances ,385
Bondholders ,230
Acquisitions deals over 20 years
Buenos Aires Argentina
South America

7. Growth Through Acquisition
Global Corporate Trust = active and long-term acquirer

8. Agency Services

9. Agency Services: General Characteristics
 DEPOSITORY
 KEYWORDS: Single Entity, Defined Purpose, Trigger-Event, Grantor, Financial Assurance, Remediation
- Cash, Securities, Letters of Credit
 SAFEKEEPING and CUSTODIAN
 KEYWORDS: Source Code, Intellectual Property, Architectural Drawings/Plans, Recipes
 TRANSACTIONAL
 KEYWORDS: M&A, Indemnification, Holdback, Exchange, IPO, Raising Capital, Government Contract

10. Case Study #1 Challenge:
Company needs contractual customers to provide financial assurance
Customers want to earn interest, and want to “see” their funds
Company needs to provide accounting and tax reporting
Customer agreements allow Company to offset funds in the event Customer breaches contract
Benefits:
Cost and operational efficiencies for Company – reduce administrative and record-keeping duties
Mitigation of risk - tax reporting
Customer receives interest and statements
Company maintains complete control over funds
Solution:
Create multiple segregated accounts within a parent agency account (solely in the name of the Company) allowing for different deposit amounts for each customer

11. Case Study #2 Challenge:
Federal legislation mandates reduction in costs and expansion of services
Agency tasked with responsibility for design and implementation of new regulations
Regulations require participants to demonstrate ability to cover potential losses.
Solution:
Prepare a template agreement and step-by-step process to hold funds or letter of credit in an escrow account. Funds are paid at end of period after calculation of losses
Benefits:
Achieve regulatory compliance for program participants
Mitigation of risk for Agency
Simple process provides efficiencies for both parties

12. Case Study #3 Project: Fund Cash Management Agreement
Parent
(Guarantor)
Fund Cash Management Agreement
among Guantor, Lender, and Cash Management Agent
Project:
Loans for construction, installation, operation, and maintenance of several small Solar Power Facilities
Guaranty
Deposit Account
Need:
Manage flow of funds to secure Borrower’s obligations under Loan Documents
Financing LLC (Lender)
Loan
Solution:
Cash Management Agreement to receive Project Revenues, pay O&M and other expenses, repay Loan,
and provide Lender security
Project Company (Borrower)
Proj Revenue
Project Cash Management Agreement
among Lender, Borrower, and Cash Management Agent
Escrowed Exp
Benefits:
Agent handles large volume of transactions (21 Projects, 126+ open accounts), tax reporting, online access to view account transactions, upload in file format compatible with internal system,
O&M Exp
Loan Interest
Loan Principal

13. A Resourceful Agent Sophisticated User-friendly Adaptable
SINGLE POINT OF CONTACT
CLEAR OPERATIONAL STRUCTURE
GROWTH & INNOVATION
STRATEGIC INVESTMENTS IN PEOPLE, RESOURCES & TECHNOLOGY
ONLINE ACCESS & REPORTS
STREAMLINED, PAPERLESS WORKPROCESS WITH SOPHISTICATED PROCESS
SYSTEMS CAPABILITIES
SECURITY AND FLEXIBILTIY OF SYSTEMS
AGREEMENTS
FAMILIAR WITH VARIOUS TYPES OF AGREEMENTS, & GOVERNING DOCUMENTS.
A Resourceful Agent
Sophisticated
User-friendly
Adaptable
Mitigate Risk
Flexible
Cost-Effective Solution
Secure
Innovative