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|Steve Dale||Judith T. Murphy|
|(612) 303-0784||(612) 303-0783|
FOR THE FOURTH QUARTER OF 2008
|||Average loan growth of 17.0 percent (12.7 percent excluding acquisitions) over the fourth quarter of 2007, driven by:|
|||Average total commercial loan growth of 14.7 percent, principally in high quality corporate lending|
|||Average retail loan growth of 17.0 percent, led by credit card balances, home equity lines and student loans|
|||Average loan growth of 6.4 percent (3.1 percent excluding acquisitions, 12.4 percent annualized) over the third quarter of 2008, including:|
|||Average total commercial loan growth of 4.3 percent (17.2 percent annualized)|
|||Average total commercial real estate growth of 2.9 percent (11.6 percent annualized)|
|||Average retail loan growth of 3.6 percent (14.4 percent annualized)|
The following information was filed by Us Bancorp De (USB) on Wednesday, January 21, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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