U.S. Bancorp Releases 2019 Dodd-Frank Act Stress Test Results
June 21 2019 - 4:49PM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190621005479/en/
Jennifer Thompson, U.S. Bancorp Investor Relations –
612.303.0778; jen.thompson@usbank.com Rebekah Fawcett, U.S. Bancorp
Corporate Communications – 612.303.9986;
rebekah.fawcett@usbank.com
Twitter @usbank_news
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