New Noninterest-Bearing Account Offers More Peace of Mind. U.S. Bank Helps Foundations and Endowments Achieve Their Goals

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1 New Noninterest-Bearing Account Offers More Peace of Mind U.S. Bank Institutional Trust & Custody has introduced a new account that will put your clients' minds at ease. Our Noninterest-Bearing Account offers unique advantages in today's topsy-turvy market. More U.S. Bank Helps Foundations and Endowments Achieve Their Goals As non-profit entities that are generally set up to solicit, manage and donate funds, foundations and endowments have unique financial, trust and custody needs. With 450 foundation and endowment clients, U.S. Bank is uniquely qualified to meet those needs. More Keeping to the Straight and Narrow For U.S. Bank Institutional Trust & Custody, the risk management team plays a key role in keeping clients' assets safe. They provide support to U.S. Bank to identify and mitigate potential risks to the business line and our clients. More Solutions for Hedge Fund Firms U.S. Bank Institutional Trust & Custody understands the unique challenges of hedge fund firms in today's market. Our broad array of custody and cash management services provides hedge fund managers with access to the information and tools they need, when they need it. More

2 New Noninterest-Bearing Account Offers More Peace of Mind U.S. Bank Institutional Trust & Custody has introduced a new account that will put your clients' minds at ease. Our Noninterest-Bearing Account offers unique advantages in today's topsy-turvy market. It's a deposit account maintained by U.S. Bank and fully guaranteed by the Federal Deposit Insurance Corporation (FDIC) under the Transaction Account Guarantee Program through December 31, "Whenever clients are deciding where to put their money, there are generally three primary considerations," explains Eric Harvey, U.S. Bank Institutional Trust & Custody product manager. They are: 1) Safety What's the likelihood that you'll lose money? 2) Liquidity Can you get your money back whenever you want it? 3) Yield How much will your money earn? Safety Is King "Last fall, safety became many investors' No. 1 concern," Harvey states. "The government introduced the Transaction Account Guarantee Program to increase FDIC protection and help reassure investors that their money is safe. The program expanded coverage of noninterest-bearing accounts to 100 percent. Noninterest-bearing accounts are fully guaranteed by the FDIC for the total amount on deposit, no matter what it is." The safety of the noninterest-bearing account is also enhanced by the fact that it's offered by U.S. Bank, one of the highest-rated banks in the country. On May 7, 2009, after estimating the adequacy of U.S. Bancorp's capital base with the Supervisory Capital Assessment Program ("stress test"), the Federal Reserve concluded that U.S. Bancorp did not need any additional capital buffer. Tops in Liquidity, Too "The Noninterest-Bearing Account also offers exceptional liquidity," Harvey comments. "You can put money in or take it out at any time, and there are no minimums or maximums for deposits and withdrawals." The Noninterest-Bearing Account can be used as an intra-day sweep vehicle, as an alternative to a money market fund, and offers the advantage of a 4:15 p.m. Central

3 Time cut-off for purchases and redemptions. A Product Whose Time Is Now U.S. Bank Institutional Trust & Custody found its Noninterest-Bearing Account was positively received by customers when it was rolled out in February. It has been used primarily by corporations and hedge funds. Contact the sales representative in your area to find out how to put the safety of US to work for your clients. U.S. Bank's Debt Ratings: Moody's Aa1* Standard & Poor's AA+** Fitch AA-*** As of May 19, 2009, Moody's Ratings ** As of May 19, 2009, Standard & Poor's Ratings *** As of May 19, 2009, Fitch Ratings

4 U.S. Bank Helps Foundations and Endowments Achieve Their Goals As nonprofit entities that are generally set up to solicit, manage and donate funds, foundations and endowments have unique financial, trust and custody needs. With 450 foundation and endowment clients, U.S. Bank is uniquely qualified to meet those needs. A Commitment to the Market "We have designated teams on both the custodial and banking sides that work exclusively with foundations, endowments and other nonprofit groups," says Jason Folken, a U.S. Bank business development officer located in Minneapolis. "Because we focus on this area, we understand the marketplace better than most. We know that nonprofit clients have specialized reporting and capital generation needs, so we tailor our services to meet their goals. "Our reporting is second to none," Folken adds. "We offer a robust analytical and performance tool and online access to all of their information, making it easier for nonprofits to meet compliance and regulatory requirements and report to their boards." Rather than provide these services from a centralized location, U.S. Bank has specialists located throughout the country. "We live and work in the communities that our clients serve," Folken says. "Having a local service provider who understands the culture of their region is particularly important to nonprofit institutions." One-Stop Financial Shopping Another benefit to your clients is the size and scope of U.S. Bank. As the sixth-largest custodian in the country, mid-market focus is perfectly suited to the size of most foundations and endowments, and our ability to provide "one-stop financial shopping" can save them time and money. Anthony Messina, U.S. Bank relationship manager in our Philadelphia office, works with foundations and endowments to find the right combination of services across the bank to meet their goals. "We specialize in custody services, but we can also offer our clients an array of other products and services," he says. "For example, if an institution has a donor who has provided them with a gift, we can either act as custodian of the gift or we can sell the gift on their behalf. We can also help them manage their planned giving programs. Our Correspondent Banking group can provide letters of credit if they

5 are looking to establish or transfer a line of credit from another institution. "Our goal is to help clients achieve their specific missions, whether it's safekeeping the assets of an endowment or foundation or helping it grow," Messina says. "We will do whatever we can to help support their objectives, and we will do it with an exceptional level of customer service." Our Tools Provide Solutions If you are working with foundations or endowments, you can help your clients benefit from the specialized products and services that U.S. Bank Institutional Trust & Custody offers. To learn more about comprehensive services available through U.S. Bank, please contact the sales representative in your area

6 Keeping to the Straight and Narrow For U.S. Bank Institutional Trust & Custody, the risk management team plays a key role in keeping clients' assets safe. "Identifying and managing risk is the responsibility of all bank employees," states Doug Hinton, senior risk manager. "It's not just a risk management team responsibility." The risk management team provides support to U.S. Bank to identify and mitigate potential risks to the business line and our clients. Identifying Risks Some of the primary risks that the risk management team addresses for U.S. Bank include: Operational Compliance ensuring compliance with bank/business line policies and procedures. Legal and Compliance (including fiduciary) Regulatory Compliance ensuring compliance with customers' requirements, and laws and regulations. System Access controlling unauthorized system access. Reputation ensuring compliance with other risks noted above reduces this risk in the open market. Managing Risks The risk management team is primarily responsible for mitigating potential risks by identifying, implementing, and monitoring the control environment by performing the following functions: Focus reviews a test of existing controls. Certifications performs or supports various certifications, such as operational losses, Sarbanes-Oxley, system access and others. Trainings related to new or revised processes. Regulatory compliance monitoring ensure controls are operating effectively to monitor for new and existing regulations. Drafting policies and procedures relates to new or existing policies and procedures. Risk committees ensure that specific business line risks and controls are continually reviewed and monitored. Project management ensure action plans are in place and implemented to address initiatives with identified gaps. Results for Managing Risk The goal is to ensure that we can confidently recommend U.S. Bank to potential clients, knowing that we have a rigorous risk compliance process. The basis for establishing a sound control environment is to ensure that there is integrity around the

7 Solutions for Hedge Fund Firms U.S. Bank Institutional Trust & Custody understands the unique challenges of hedge fund firms in today's market. Our broad array of custody and cash management services provides hedge fund managers with access to the information and tools they need, when they need it. Hedge funds represent a significant and growing market. In fact, global hedge fund assets are projected to reach $2.6 trillion by 2013.* Opportunities for consultants in this area are noteworthy, and U.S. Bank can help you take advantage of those opportunities. Transparency and Efficiency Hedge funds have been on the regulatory radar lately, and the environment for these funds may be changing. U.S. Treasury Secretary Timothy Geithner has called for stricter regulation of the hedge fund market.** Your clients need a custody provider who is serious about risk management (see "Keeping to the Straight and Narrow") and has the human, technological and financial resources to provide a range of services. Larry Woodcock, U.S. Bank business development officer, explains, "We offer a package of services for hedge fund firms, providing custody for their cash, custody for their actual investment portfolio, daily liquidity with investments in short-term investment vehicles, and hedge fund administration if needed." Ron Richter, U.S. Bank business development officer, adds, "Utilizing a third-party custodian such as U.S. Bank Institutional Trust & Custody can provide a verification of assets that are not controlled by clients. As an independent third party holding the assets, we bring transparency and efficiency to the hedge fund marketplace." Richter and Woodcock have 43 combined years of experience with U.S. Bank. They continue to leverage industry experts and the latest technology to provide hedge fund firms with the right combination of products and services to meet the unique needs of hedge funds. Full Suite of Solutions U.S. Bank is a leading provider to the middle market, offering solutions specifically designed for portfolios of up to $2 billion. Along with custodial services, U.S. Bank Institutional Trust & Custody offers robust reporting capabilities, real-time access to

8 data and customizable reporting options. Additionally, clients can take advantage of direct investments of their cash reserves while using one custody partner. Financial Strength and Stability U.S. Bank was one of the 19 banks scrutinized under the Federal Reserve's Supervisory Capital Assessment Program ("stress test"). The bank issued a press release once the results were public, stating that, "After estimating the adequacy of U.S. Bancorp's capital base under a hypothetical two-year scenario that involved economic conditions more adverse than actually expected, the Federal Reserve concluded that U.S. Bancorp did not need any additional capital buffer."*** Your clients can feel confident that U.S. Bank Institutional Trust & Custody provides the financial resources and services of a leading national bank. Yet, we focus on the unique needs of the middle market. We have the experience and expertise to provide the transparency and effective solutions your clients require. To learn more, contact the sales representative in your area. * Source: Forbes, April 20, ** Source: USAToday.com, March 27, *** Source: U.S. Bancorp press release, May 7, U.S. Bank National Association is a wholly owned subsidiary of U.S. Bancorp. U.S. Bank Institutional Trust & Custody is a division of U.S. Bank National Association that focuses on trust, custody, investment and retirement services to institutional clients. Its product offerings include institutional trust and custody services for accounts holding assets for qualified retirement plans, deferred compensation plans, non-profits and insurance companies. Powered by Priority