Document:

exv4w4w6

 

EXHIBIT 4.4.6

TRUST AGREEMENT OF

USB CAPITAL XII

     This
TRUST AGREEMENT of USB CAPITAL XII (the “Trust”), dated as of April 27, 2005, among (i)
U.S. Bancorp, a Delaware corporation (the “Depositor”), (ii) Delaware Trust Company, National
Association, a national banking association organized and existing under the laws of the United
States of America, as trustee of the Trust, and (iii) David M. Moffett, Daryl N. Bible and Lee R.
Mitau, each an individual employed by the Depositor, as administrative trustees of the Trust (each
of such trustees in (ii) and (iii), a “Trustee” and collectively, the “Trustees”). The Depositor
and the Trustees hereby agree as follows:

     1. The Trust created hereby shall be known as “USB Capital XII”, in which name the Trustees,
or the Depositor to the extent provided herein, may conduct the business of the Trust, make and
execute contracts, and sue and be sued.

     2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees, the sum of
$10. The Trustees hereby acknowledge receipt of such amount in trust from the Depositor, which
amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold
the trust estate in trust for the Depositor. It is the intention of the parties hereto that the
Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware
Code, 12 Del. C. Section 3801 et seq. (the “Delaware Statutory Trust Act”), and that this document
constitute the governing instrument of the Trust. The Trustees hereby are authorized and directed
to execute and file a certificate of trust with the Secretary of the State of Delaware in
accordance with the provisions of the Delaware Statutory Trust Act.

     3. The Depositor and the Trustees will enter into an Amended and Restated Trust Agreement,
satisfactory to each such party and substantially in the form to be included as an exhibit to the
1933 Act Registration Statement referred to below, to provide for the contemplated operation of the
Trust
created hereby and the issuance of the Capital Securities and the Common Securities referred to
therein. Prior to the execution and delivery of such Amended and Restated Trust Agreement, the
Trustees shall not have any duty or obligation hereunder or with respect to the trust estate,
except as otherwise required by applicable law or as may be necessary to obtain prior to such
execution and delivery any licenses, consents or approvals required by applicable law or otherwise.

      4. The Trustees hereby authorize and direct the Depositor, as an agent of the Trust (i) to
file with the Securities and Exchange Commission (the “Commission”) and execute, in each case on
behalf of the Trust, (a) a Registration Statement on Form S-3 (the “1933 Act Registration
Statement”), including any pre-effective or post-effective amendments to the 1933 Act Registration
Statement, relating to the registration under the Securities Act of 1933, as amended, of the
Capital Securities of the Trust and certain other securities and (b) a Registration Statement on
Form 8-A (the “1934 Act Registration Statement”) (including all pre-effective and post-effective
amendments thereto) relating to the registration of the Capital Securities of the Trust under
Section 12(b) of the Securities Exchange Act of 1934, as amended; (ii) to file with the New York
Stock Exchange (the “Exchange”) and execute on behalf of the Trust a listing application and all
other applications, statements, certificates, agreements and other instruments as shall be
necessary or desirable to cause the Capital Securities to be listed on the Exchange; (iii) to file
and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents,
appointments of attorney for service of process and other papers and documents as shall be
necessary or desirable to register the Capital Securities under the securities or blue sky laws of
such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv)
to execute and deliver letters or documents to, or instruments for filing with, a depository
relating to the Capital Securities of the Trust, and (v) to execute on behalf of the Trust an
underwriting agreement relating to the Capital Securities, among the Trust, the Depositor and the
several underwriters named therein, substantially in the form included as an exhibit to the 1933
Act Registration Statement. In the event that any filing referred to above is required by the rules
and regulations of the Commission, the Exchange or state securities or blue sky laws to be executed
on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or his capacity
as Trustee of the Trust, is hereby authorized and, to the extent so required, directed to join in
any such filing and to execute on behalf of the Trust any and all of the foregoing, it being
understood that Delaware Trust Company, National Association, in its capacity as Trustee of the
Trust, shall not be required to join in any such filing or execute on behalf of the Trust any such
document unless required by the rules and regulations of the Commission, the Exchange or state
securities or blue sky laws. In connection with the filings referred to above, the Depositor and
David M. Moffett, Daryl N. Bible and Lee R. Mitau, each an administrative trustee, solely in their
capacities as Trustees of the Trust, hereby constitutes and appoints David M. Moffett, Daryl N.
Bible and Lee R. Mitau, and each of them, as its or his or her true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee
or in the Depositor’s or such Trustee’s name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments) to any such filings (including the
1933 Act Registration Statement and the 1934 Act Registration Statement) and to file the same, with
all exhibits thereto and other documents in connection therewith, with the Commission, the Exchange and administrators of
state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully to all intents and purposes as the Depositor or such Trustee might
or could do in person, thereby ratifying and confirming all that said attorneys-in-fact and agents
or any of them, or their respective substitute or substitutes, shall do or cause to be done by
virtue thereof.

 

 

     5. This Trust Agreement may be executed in one or more counterparts.

     6. The number of Trustees initially shall be four (4) and thereafter the number of the
Trustees shall be such number as shall be fixed from time to time by a written instrument signed by
the Depositor which may increase or decrease the number of Trustees; provided, however, that to the
extent required by the Delaware Statutory Trust Act, one Trustee shall be either a natural person
who is a resident of the State of Delaware, or, if not a natural person, an entity which has its
principal place of business in the State of Delaware and otherwise meets the requirements of
applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove
without cause any Trustee at any time. The Trustees may resign upon thirty days’ prior written
notice to the Depositor.

     7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of
the State of Delaware (without regard to conflict of laws principles).

      8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or
otherwise to the Trust, the Depositor, the Trustees or any holder of the Trust securities (the
Trust, the Depositor and any holder of the Trust Securities being a “Covered Person”) for any loss,
damage or claim incurred by reason of any act or omission performed or omitted by the Fiduciary
Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified
Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified
Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary
Indemnified Person’s gross negligence or willful misconduct with respect to such acts or omissions.

          (b) The Fiduciary Indemnified Persons shall be fully protected in relying in good faith upon
the records of the Trust and upon such information, opinions, reports or statements presented to
the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believes are
within such other person’s professional or expert competence and who has been selected with
reasonable care by or on behalf of the Trust, including information, opinions, reports or
statements as to the value and amount of the assets, liabilities, profits, losses, or any other
facts pertinent to the existence and amount of assets from which distributions to holders of Trust
Securities might properly be paid.

          (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to
indemnify and hold harmless each Fiduciary Indemnified Person from and against any loss, damage,
liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by or asserted
against the Fiduciary Indemnified Persons by reason of the creation, operation or termination of
the Trust or the transactions contemplated by this Trust Agreement, except that no Fiduciary
Indemnified Person shall be entitled to be indemnified in respect of any loss, damage or claim
incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct
with respect to such acts or omissions, and (ii) to advance expenses (including legal fees)
incurred by a Fiduciary Indemnified Person in defending any claim, demand, action, suit or
proceeding shall, from time to time, prior to the final disposition of such claim, demand, action,
suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf of such Fiduciary
Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified
Person is not entitled to be indemnified as authorized in the preceding subsection.

          (d) The provisions of this Section shall survive the termination of this Trust Agreement or
the earlier resignation or removal of the Fiduciary Indemnified Persons.

	 	 	 	 	 	 	 	 	 
	 	 	DELAWARE TRUST COMPANY, NATIONAL ASSOCIATION,
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	

	 	By:
	 	/s/ Steve Finklea	 	 
	 	 	 	 	 	 	 
	

	 	 	 	Name:
	 	Steve Finklea	 	 
	

	 	 	 	Title:
	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	U.S. BANCORP, as Depositor	 	 
	 
	 	 	 	 	 	 	 	 
	

	 	By:
	 	/s/ Laura F. Bednarski	 	 
	 	 	 	 	 	 	 
	

	 	 	 	Name:
	 	Laura F. Bednarski	 	 
	

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/ David M. Moffet	 	 
	 	 	 	 	 
	 	 	David M. Moffett, as Administrative Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/  Daryl N. Bible	 	 
	 	 	 	 	 
	 	 	Daryl N. Bible, as Administrative Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/  Lee R. Mitau	 	 
	 	 	 	 	 
	 	 	Lee R. Mitau, as Administrative Trusteeexv4w4w7

 

EXHIBIT 4.4.7

TRUST AGREEMENT OF

USB CAPITAL XIII

     This
TRUST AGREEMENT of USB CAPITAL XIII (the “Trust”), dated as of April 27, 2005, among (i)
U.S. Bancorp, a Delaware corporation (the “Depositor”), (ii) Delaware Trust Company, National
Association, a national banking association organized and existing under the laws of the United
States of America, as trustee of the Trust, and (iii) David M. Moffett, Daryl N. Bible and Lee R.
Mitau, each an individual employed by the Depositor, as administrative trustees of the Trust (each
of such trustees in (ii) and (iii), a “Trustee” and collectively, the “Trustees”). The Depositor
and the Trustees hereby agree as follows:

     1. The Trust created hereby shall be known as “USB Capital XIII”, in which name the Trustees,
or the Depositor to the extent provided herein, may conduct the business of the Trust, make and
execute contracts, and sue and be sued.

     2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees, the sum of
$10. The Trustees hereby acknowledge receipt of such amount in trust from the Depositor, which
amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold
the trust estate in trust for the Depositor. It is the intention of the parties hereto that the
Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware
Code, 12 Del. C. Section 3801 et seq. (the “Delaware Statutory Trust Act”), and that this document
constitute the governing instrument of the Trust. The Trustees hereby are authorized and directed
to execute and file a certificate of trust with the Secretary of the State of Delaware in
accordance with the provisions of the Delaware Statutory Trust Act.

     3. The Depositor and the Trustees will enter into an Amended and Restated Trust Agreement,
satisfactory to each such party and substantially in the form to be included as an exhibit to the
1933 Act Registration Statement referred to below, to provide for the contemplated operation of the
Trust
created hereby and the issuance of the Capital Securities and the Common Securities referred to
therein. Prior to the execution and delivery of such Amended and Restated Trust Agreement, the
Trustees shall not have any duty or obligation hereunder or with respect to the trust estate,
except as otherwise required by applicable law or as may be necessary to obtain prior to such
execution and delivery any licenses, consents or approvals required by applicable law or otherwise.

      4. The Trustees hereby authorize and direct the Depositor, as an agent of the Trust (i) to
file with the Securities and Exchange Commission (the “Commission”) and execute, in each case on
behalf of the Trust, (a) a Registration Statement on Form S-3 (the “1933 Act Registration
Statement”), including any pre-effective or post-effective amendments to the 1933 Act Registration
Statement, relating to the registration under the Securities Act of 1933, as amended, of the
Capital Securities of the Trust and certain other securities and (b) a Registration Statement on
Form 8-A (the “1934 Act Registration Statement”) (including all pre-effective and post-effective
amendments thereto) relating to the registration of the Capital Securities of the Trust under
Section 12(b) of the Securities Exchange Act of 1934, as amended; (ii) to file with the New York
Stock Exchange (the “Exchange”) and execute on behalf of the Trust a listing application and all
other applications, statements, certificates, agreements and other instruments as shall be
necessary or desirable to cause the Capital Securities to be listed on the Exchange; (iii) to file
and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents,
appointments of attorney for service of process and other papers and documents as shall be
necessary or desirable to register the Capital Securities under the securities or blue sky laws of
such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv)
to execute and deliver letters or documents to, or instruments for filing with, a depository
relating to the Capital Securities of the Trust, and (v) to execute on behalf of the Trust an
underwriting agreement relating to the Capital Securities, among the Trust, the Depositor and the
several underwriters named therein, substantially in the form included as an exhibit to the 1933
Act Registration Statement. In the event that any filing referred to above is required by the rules
and regulations of the Commission, the Exchange or state securities or blue sky laws to be executed
on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or his capacity
as Trustee of the Trust, is hereby authorized and, to the extent so required, directed to join in
any such filing and to execute on behalf of the Trust any and all of the foregoing, it being
understood that Delaware Trust Company, National Association, in its capacity as Trustee of the
Trust, shall not be required to join in any such filing or execute on behalf of the Trust any such
document unless required by the rules and regulations of the Commission, the Exchange or state
securities or blue sky laws. In connection with the filings referred to above, the Depositor and
David M. Moffett, Daryl N. Bible and Lee R. Mitau, each an administrative trustee, solely in their
capacities as Trustees of the Trust, hereby constitutes and appoints David M. Moffett, Daryl N.
Bible and Lee R. Mitau, and each of them, as its or his or her true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee
or in the Depositor’s or such Trustee’s name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments) to any such filings (including the
1933 Act Registration Statement and the 1934 Act Registration Statement) and to file the same, with
all exhibits thereto and other documents in connection therewith, with the Commission, the Exchange and administrators of
state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully to all intents and purposes as the Depositor or such Trustee might
or could do in person, thereby ratifying and confirming all that said attorneys-in-fact and agents
or any of them, or their respective substitute or substitutes, shall do or cause to be done by
virtue thereof.

 

 

     5. This Trust Agreement may be executed in one or more counterparts.

     6. The number of Trustees initially shall be four (4) and thereafter the number of the
Trustees shall be such number as shall be fixed from time to time by a written instrument signed by
the Depositor which may increase or decrease the number of Trustees; provided, however, that to the
extent required by the Delaware Statutory Trust Act, one Trustee shall be either a natural person
who is a resident of the State of Delaware, or, if not a natural person, an entity which has its
principal place of business in the State of Delaware and otherwise meets the requirements of
applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove
without cause any Trustee at any time. The Trustees may resign upon thirty days’ prior written
notice to the Depositor.

     7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of
the State of Delaware (without regard to conflict of laws principles).

      8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or
otherwise to the Trust, the Depositor, the Trustees or any holder of the Trust securities (the
Trust, the Depositor and any holder of the Trust Securities being a “Covered Person”) for any loss,
damage or claim incurred by reason of any act or omission performed or omitted by the Fiduciary
Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified
Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified
Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary
Indemnified Person’s gross negligence or willful misconduct with respect to such acts or omissions.

          (b) The Fiduciary Indemnified Persons shall be fully protected in relying in good faith upon
the records of the Trust and upon such information, opinions, reports or statements presented to
the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believes are
within such other person’s professional or expert competence and who has been selected with
reasonable care by or on behalf of the Trust, including information, opinions, reports or
statements as to the value and amount of the assets, liabilities, profits, losses, or any other
facts pertinent to the existence and amount of assets from which distributions to holders of Trust
Securities might properly be paid.

          (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to
indemnify and hold harmless each Fiduciary Indemnified Person from and against any loss, damage,
liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by or asserted
against the Fiduciary Indemnified Persons by reason of the creation, operation or termination of
the Trust or the transactions contemplated by this Trust Agreement, except that no Fiduciary
Indemnified Person shall be entitled to be indemnified in respect of any loss, damage or claim
incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct
with respect to such acts or omissions, and (ii) to advance expenses (including legal fees)
incurred by a Fiduciary Indemnified Person in defending any claim, demand, action, suit or
proceeding shall, from time to time, prior to the final disposition of such claim, demand, action,
suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf of such Fiduciary
Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified
Person is not entitled to be indemnified as authorized in the preceding subsection.

          (d) The provisions of this Section shall survive the termination of this Trust Agreement or
the earlier resignation or removal of the Fiduciary Indemnified Persons.

	 	 	 	 	 	 	 	 	 
	 	 	DELAWARE TRUST COMPANY, NATIONAL ASSOCIATION,
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	

	 	By:
	 	/s/ Steve Finklea	 	 
	 	 	 	 	 	 	 
	

	 	 	 	Name:
	 	Steve Finklea	 	 
	

	 	 	 	Title:
	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	U.S. BANCORP, as Depositor	 	 
	 
	 	 	 	 	 	 	 	 
	

	 	By:
	 	/s/ Laura F. Bednarski	 	 
	 	 	 	 	 	 	 
	

	 	 	 	Name:
	 	Laura F. Bednarski	 	 
	

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/  David M. Moffet	 	 
	 	 	 	 	 
	 	 	David M. Moffett, as Administrative Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/  Daryl N. Bible	 	 
	 	 	 	 	 
	 	 	Daryl N. Bible, as Administrative Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/ Lee R. Mitau	 	 
	 	 	 	 	 
	 	 	Lee R. Mitau, as Administrative Trustee

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