# EDGAR Filing Document

**Accession Number:** 0000830013
**File Stem:** 0000036104-23-000009
**Filing Date:** 2023-3
**Character Count:** 14395
**Document Hash:** eb410fb5e696655aca63a41d319e687d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000036104-23-000009.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0000036104-23-000009

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US BANK NATIONAL ASSOCIATION
- **CENTRAL INDEX KEY:** 0000830013
- **IRS NUMBER:** 310841368
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01108
- **FILM NUMBER:** 23738113

**BUSINESS ADDRESS:**
- **STREET 1:** 800 NICOLLET MALL
- **STREET 2:** BC-MN-H15F
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-7020
- **BUSINESS PHONE:** 612-303-6000

**MAIL ADDRESS:**
- **STREET 1:** 800 NICOLLET MALL
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4302

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST BANK NATIONAL ASSOCIATION /MN/
- **DATE OF NAME CHANGE:** 19940601

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000830013

**Filer CCC:** XXXXXXXX

**Contact Name:** Craig Stites

**Contact Phone:** 7043352817

**Contact Email:** craig.stites@usbank.com

**Notification Emails:** william.hirata@usbank.com, wayne.sattler@usbank.com, craig.stites@usbank.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** US BANK NATIONAL ASSOCIATION

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**B. Doing-Business-As (DBA) Name:** U.S. Bank Municipal Advisory Group

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 31-0841368

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-01669-00

- **Municipal Advisor:** SEC File No: 867-01108

**E. Principal Office and Place of Business:** 800 Nicollet Mall, MINNEAPOLIS, MN, 55402

**Telephone Number:** 6514663000

**Additional Offices of Employment:**

- **Office #1 (Add):** 425 Walnut St., Cincinnati, OH, 45202 | Phone: 5136322460

- **Office #2 (Add):**  | Phone: 2136156829

- **Office #3 (Add):** 777 E. Wisconsin Ave., Milwaukee, WI, 53202 | Phone: 4147656012

- **Office #4 (Add):**  | Phone: 513-304-0398

- **Office #5 (Add):** 270 W 7th Street, Dubuque, IA, 52001 | Phone: 513-632-2460

**Mailing Address is Different from Principal Office:** No

**F. Website:** http://usbnetportal/wealthmanagement/institutionaltrustandcustody/ITC_Municipal_Advisory_Group.aspx

**G. Chief Compliance Officer (CCO):**

**Name:** Lacelle C Stites

**Address:** 214 N. Tryon Street, CN-NC-H26P, CHARLOTTE, NC, 28202

**Phone Number:** 7043352817

**Email:** craig.stites@usbank.com

**H. Business Affiliates:**

- **Name:** U.S. Bancorp

  - **Issuing Agency:** Federal Reserve System

  - **Jurisdiction:** 

- **Name:** U.S. Bank National Association

  - **Issuing Agency:** Office of the Comptroller of the Currency

  - **Jurisdiction:** 

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Other (—)

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** OH

**D. Date of Organization:** 10-22-2014

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 7

**B. Municipal Advisory Activities - Employees:** 7

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 0

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 24

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities, Non-profit organizations

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Fixed Fees
, Fixed Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Investment Of Proceeds MS, Advice ME Other Investments

### Item 5: Other Business Activities

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Company, Investment Adviser, Swap Dealer, Banking/Thrift institution, Trust Company, Insurance company or agency, Swap Dealer, Banking/Thrift institution, Investment Company, Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Insurance company or agency, Investment Adviser, Insurance company or agency, Insurance company or agency, Trust Company, Banking/Thrift institution, Trust Company, Trust Company, Investment Company, Investment Company, Banking/Thrift institution, Insurance company or agency, Investment Company, Investment Company, Investment Company, Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Investment Adviser, Investment Company, Investment Company, Investment Company, Investment Company, Investment Company, Investment Company, Banking/Thrift institution

**Total Associated Persons:** 23

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** Yes

- **Enter into derivatives transactions with clients for the firm's own account?:** Yes

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** Yes

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** Yes

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** Yes

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** Yes

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** Yes

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** Yes

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** Yes

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** Yes

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** Yes

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                | Title/Status                                                                                       | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Bancorp        | Shareholder of U.S. Bank National Association of which a SIDD conducts municipal advisory activity | 01-01-1980      | E - 75% or more   | Yes               | 41-0255900   |  |
| Wayne Allen Sattler | Senior Vice President                                                                              | 10-22-2018      | NA - less than 5% | Yes               |  | 000000000    |
| Lacelle C Stites    | Chief Compliance Officer                                                                           | 07-09-2021      | NA - less than 5% | No                |  | 2598209      |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity   | Name                | Title/Status                                                                                       | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | U.S. Bancorp        | Shareholder of U.S. Bank National Association of which a SIDD conducts municipal advisory activity | 01-01-1980      | E - 75% or more   | Yes               | 41-0255900   |  |
|  | Direct      |  | Wayne Allen Sattler | Senior Vice President                                                                              | 10-22-2018      | NA - less than 5% | Yes               |  | 000000000    |
|  | Direct      |  | Lacelle C Stites    | Chief Compliance Officer                                                                           | 07-09-2021      | NA - less than 5% | No                |  | 2598209      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 111912

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Asset Management, Inc.

  - **Disclosure Number:** FILE NO. 3-12029

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17868

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Investments, Inc.

  - **Disclosure Number:** 2012031945801

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17868

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Investments, Inc.

  - **Disclosure Number:** AWC 2008013057101

**Regulatory DRP for: Applicant (Responding to Questions: 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 17868

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Investments, Inc.

  - **Disclosure Number:** 6:13CV2041LRR

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for —

- **CRD Number:** —

- **Disclosure Number:** —

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** —

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17868

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Investments, Inc.

  - **Disclosure Number:** 2014042542101

**Regulatory DRP for: Applicant (Responding to Questions: 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** —

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 111192

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Asset Management, Inc.

  - **Disclosure Number:** Refer to U.S. Bancorp Asset Management, Inc. Form ADV Update

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 17868

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Investments, Inc.

  - **Disclosure Number:** 3-19818

**Regulatory DRP for: Applicant (Responding to Questions: 9-D1)**

  - **Associated Person:** —

  - **CRD Number:** 111912

  - **Filed On (AP):** Form ADV/BD/U4 for U.S. Bancorp Asset Management, Inc.

  - **Disclosure Number:** 2022-CFPB-0006

**Regulatory DRP for: Applicant (Responding to Questions: 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 17868

  - **Filed On (AP):** Form ADV/BD/U4 for US Bancorp Investments Inc.

  - **Disclosure Number:** SEC File # 3-8084

### Execution Page

**Signature:** Lacelle Craig Stites

**Signer Name:** Lacelle Craig Stites

**Title:** Chief Compliance Officer

**Date:** 03-07-2023