US Bank 2002 Annual Report Download - page 15

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U.S. Bancorp 13
Capital Markets
Under the U.S. Bancorp Piper Jaffray brand, the division engages in equity
and fixed income trading activities, offers investment banking and underwriting
services for corporate and public sector clients and provides financial advisory
services and securities, mutual funds, annuities and insurance products to con-
sumers and regionally based businesses through a network of brokerage offices.
Successes
•Launched U.S. Bank E-Payment Service, allowing government entities and businesses
to accept or collect payments via the Internet (e-check).
•Enhanced imaging functionality and Internet access for lockbox customers.
•U.S. Bancorp Equipment Finance ended 2002 with record bookings in the small
ticket leasing group.
•Corporate Banking Capital Markets had a record year using interest rate risk manage-
ment products to help customers take full advantage of the historical low interest rates.
•Record spread on new business volume in U.S. Bancorp Equipment Finance.
•Launched U.S. Bank Global Trade Works, an Internet-based international trade
solution for initiating and reviewing import, export and standby letters of credit,
as well as documentary collections.
Wholesale Banking
U.S. Bank is a full financial partner with the expertise, flexibility and responsiveness to make
a difference. We offer lending, depository, treasury management and other financial solutions
to meet the complex needs of middle market, large corporate, financial institution and public
sector clients. Whether working with local or global clients, U.S. Bank understands industries
and markets, and has enormous resources to help our customers grow. Partnering with all
areas of U.S. Bank, including Corporate Payment Systems, ATM and Merchant Processing,
Trust, e-Commerce and more, we deliver all the financial “pieces” that can mean success.
Key Business Units
•Equity Capital Markets
•Fixed Income Capital Markets
•Private Advisory Services
•Venture Capital
Successes
•Private Advisory Services enhanced
financial advisor tools and streamlined
back office systems, creating greater
client convenience and satisfaction.
•Equity Capital Markets continued to
gain share in merger and acquisition
product area, despite a decline in the
overall industry.
•Expanded in various strategic product
categories, including a significant addi-
tion to convertible securities investment
banking and trading product offering.
•Record year for Fixed Income Capital
Markets in public finance deal volume.
•Fixed Income taxable co-managed
deals doubled over 2001.
Key Business Units
•Commercial Banking
•Corporate Banking
•Government Banking
•International Banking
•Real Estate Banking
•Treasury Management
•U.S. Bancorp Equipment Finance
Strengths
•Leading provider of fixed-income
investment banking services
•Leading growth company
investment bank
•Experienced, trusted advisors
•Offers personalized guidance and
convenient financial products and
services to meet investment needs
•Provides in-depth research in the
communications, consumer, health
care, financial institutions, industrial
growth and technology industries
Strengths
•Leading depository bank for federal, state and municipal governments
•Leading correspondent banking depository for community banks
•Top 5 bank-owned leasing company
•Top 7 treasury management provider
•Locally based relationship managers
•Combine superior relationship-based partnerships with the most
effective new electronic systems and technology platforms
•Strategic solutions driven by customer need
5.8%
Contribution to 2002
U.S. Bancorp Total Net Revenue*
21.5%
Contribution to 2002
U.S. Bancorp Total Net Revenue*
U.S. Bancorp 13