8-K

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: May 29, 2018

(Date of earliest event reported)

U.S. BANCORP

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

1-6880	41-0255900
(Commission file number)	(IRS Employer Identification No.)

800 Nicollet Mall

Minneapolis, Minnesota 55402

(Address of principal executive offices, including zip code)

(651) 466-3000

(Registrant’s telephone number, including area code)

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 7.01 Regulation FD Disclosure.

As previously announced, Dominic V. Venturo, U.S. Bancorp’s Chief Innovation Officer, will make a presentation at the Deutsche Bank Global Financial Services Conference in New York City, at 2:30 p.m. local time on Tuesday, May 29, 2018. A copy of the presentation slides, which will be discussed during the presentation, is attached hereto as Exhibit 99.1. These slides can also be accessed on U.S. Bancorp’s website at usbank.com by clicking on “About Us” and then “Investor Relations” and then “Webcasts and Presentations.” A live audio webcast of the presentation can also be accessed at this location on the website, and a replay of the webcast will be available at the same location on the website and will remain posted for 90 days.

The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

        99.1 Deutsche Bank Global Financial Services Conference Slides

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SIGNATURE

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
By:	/s/ James L. Chosy
	James L. Chosy Executive Vice President and General Counsel

Date: May 29, 2018

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EX-99.1

U.S. BANCORP

Deutsche Bank

Global Financial Services

Conference

Dominic Venturo

Chief Innovation Officer

May 29, 2018

Exhibit 99.1

The following information appears in accordance with the Private Securities Litigation Reform Act of 1995:

Today’s presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including

statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and assumptions and

estimates made by, management as of the date hereof. These forward-looking statements cover, among other things, anticipated future revenue

and expenses and the future plans and prospects of U.S. Bancorp. Forward-looking statements involve inherent risks and uncertainties, and

important factors could cause actual results to differ materially from those anticipated. A reversal or slowing of the current economic recovery or

another severe contraction could adversely affect U.S. Bancorp’s revenues and the values of its assets and liabilities. Global financial markets

could experience a recurrence of significant turbulence, which could reduce the availability of funding to certain financial institutions and lead to a

tightening

of

credit,

a

reduction

of

business

activity,

and

increased

market

volatility.

Stress

in

the

commercial

real

estate

markets,

as

well

as

a

downturn in the residential real estate markets could cause credit losses and deterioration in asset values. In addition, changes to statutes,

regulations, or regulatory policies or practices could affect U.S. Bancorp in substantial and unpredictable ways. U.S. Bancorp’s results could also

be adversely affected by deterioration in general business and economic conditions; changes in interest rates; deterioration in the credit quality of

its loan portfolios or in the value of the collateral securing those loans; deterioration in the value of its investment securities; legal and regulatory

developments; litigation; increased competition from both banks and non-banks; changes in customer behavior and preferences; breaches in data

security;

effects

of

mergers

and

acquisitions

and

related

integration;

effects

of

critical

accounting

policies

and

judgments;

and

management’s

ability to effectively manage credit risk, market risk, operational risk, compliance risk, strategic risk, interest rate risk, liquidity risk and reputational

risk.

For discussion of these and other risks that may cause actual results to differ from expectations, refer to U.S. Bancorp’s Annual Report on       

Form 10-K for the year ended December 31, 2017, on file with the Securities and Exchange Commission, including the sections entitled “Risk

Factors” and “Corporate Risk Profile” contained in Exhibit 13, and all subsequent filings with the Securities and Exchange Commission under

Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934. However, factors other than these also could adversely affect

U.S. Bancorp’s results, and the reader should not consider these factors to be a complete set of all potential risks or uncertainties. Forward-

looking

statements

speak

only

as

of

the

date

hereof,

and

U.S.

Bancorp

undertakes

no

obligation

to

update

them

in

light

of

new

information

or

future events.

Forward-looking Statements

U.S.

BANCORP

|

2

Innovation Enables Our Key Priorities

1) Delivering One U.S. Bank: putting the customer in the center

one U.S. Bank

2)

Leveraging

technology

and

innovation

to

drive

growth

and

efficiency

3) A relentless focus on optimization

U.S.

BANCORP

|

3

What Does Innovation Accomplish?

Assess emerging technologies and trends

Understand the implications of our customers’

evolving behaviors, needs and preferences

Develop and test ideas

Inform our business lines’ product and feature roadmaps

and help shape the bank’s strategy

U.S.

BANCORP

|

4

How We Approach Innovation

Minimum viable product development,

for example, involves rapid iteration and testing

of a product to accelerate learnings and speed time-to-market.

We design and test concepts and products in ways that are agile,

iterative and centered around the customer.

U.S.

BANCORP

|

5

Innovation and Our Strategic Investments

B2B

•

Paving the way for real-time payments

•

Adding value with data-rich payment streams

•

Improving customer convenience and control

•

Optimizing clients’ working capital

•

Enhancing fraud and risk-management

Digital &

omnichannel

•

Seamlessly delivering the whole bank to our clients

•

Serving our customers when, where and how they desire

•

Removing friction from the customer experience

•

Leveraging intelligent insights to drive next best actions

Payments

•

Building out integrated payments and e-commerce capabilities

•

Deepening vertical expertise

•

Improving margins with high value-add products and services

U.S.

BANCORP

|

6

Driving Value With Emerging Technology

Distributed ledger technology facilitates speed, automation and efficiency

throughout a wide range of business use cases.

Artificial intelligence and machine learning

enhance the customer

experience by enabling more personalized, predictive customer interactions.

KYC / Identity

management

Asset-backed

securitization

Loan

syndication

Trade

finance

International

payments

Internal

operations

72%

increase in

lead conversion*

* As a result of Salesforce Einstein AI engine scoring leads

Artificial intelligence-driven

fraud prevention techniques

protect our customers and

mitigate risk.

U.S.

BANCORP

|

7

Emerging Trends Becoming Mainstream

Fintech

engagement

Third party

data aggregation

Fraud and

risk management

We partner with Fintechs to

expand our product offerings 

and create a seamless 

customer experience.

APIs enable easier connectivity

with Fintechs and power a

more personalized, integrated

digital experience.

Technologies like artificial

intelligence and geolocation

augment fraud and risk

management capabilities.

AutoGravity

Blend

Poynt

FutureAdvisor

Risk

scoring

Transaction and

entity monitoring

Customer

identification

Machine-speed

data analytics

U.S.

BANCORP

|

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