SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 1)*

 

 

U.S. BANCORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

902973304

(CUSIP Number)

December 31, 2014

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1 (b)

¨ Rule 13d-1 (c)

¨ Rule 13d-1 (d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 


13G

 

CUSIP No. 902973304   Page 2 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Warren E. Buffett

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

884,230 shares of Common Stock

   6   

SHARED VOTING POWER

 

97,480,940 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

884,230 shares of Common Stock

   8   

SHARED DISPOSITIVE POWER

 

97,480,940 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

98,365,170 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not Applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.5%

12  

TYPE OF REPORTING PERSON

 

IN

 


13G

 

CUSIP No. 902973304   Page 3 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

97,480,940 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

97,480,940 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

97,480,940 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.4%

12  

TYPE OF REPORTING PERSON

 

HC, CO

 


13G

 

CUSIP No. 902973304   Page 4 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

National Indemnity Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

46,823,526 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

46,823,526 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

46,823,526 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

2.6%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 5 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

National Fire & Marine Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

3,050,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

3,050,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,050,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 6 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Columbia Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

27,885,696 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

27,885,696 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

27,885,696 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.6%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 7 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

National Indemnity Company of the South

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Florida

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

297,600 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

297,600 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

297,600 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 8 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Redwood Fire and Casualty Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

3,050,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

3,050,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,050,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 9 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

GEICO Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

12,679,300 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

12,679,300 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,679,300 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.7%

12  

TYPE OF REPORTING PERSON

 

HC, CO

 


13G

 

CUSIP No. 902973304   Page 10 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Government Employees Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Maryland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

8,191,300 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

8,191,300 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,191,300 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.5%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 11 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

General Re Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

17,386,443 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

17,386,443 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

17,386,443 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.0%

12  

TYPE OF REPORTING PERSON

 

HC, CO

 


13G

 

CUSIP No. 902973304   Page 12 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

General Reinsurance Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

17,386,443 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

17,386,443 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

17,386,443 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.0%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 13 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

U.S. Investment Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

1,745,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

1,745,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,745,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12  

TYPE OF REPORTING PERSON

 

HC, CO

 


13G

 

CUSIP No. 902973304   Page 14 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Mount Vernon Fire Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

760,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

760,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

760,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 15 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

U.S. Underwriters Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of North Dakota

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

175,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

175,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

175,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 16 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

The Medical Protective Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Indiana

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

4,204,800 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

4,204,800 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,204,800 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 17 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

United States Liability Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

985,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

985,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

985,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 18 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Medical Protective Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Indiana

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

4,204,800 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

4,204,800 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,204,800 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

HC, CO

 


13G

 

CUSIP No. 902973304   Page 19 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Benjamin Moore Pension Trust

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of New Jersey

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

590,275 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

590,275 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

590,275 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

EP

 


13G

 

CUSIP No. 902973304   Page 20 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Assurance Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of New York

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

4,173,800 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

4,173,800 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,173,800 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 21 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Homestate Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

3,070,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

3,070,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,070,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 22 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

National Indemnity Company of MidAmerica

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Iowa

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

474,300 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

474,300 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

474,300 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 23 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

GEICO Indemnity Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Maryland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

4,488,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

4,488,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,488,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12  

TYPE OF REPORTING PERSON

 

IC, CO

 


13G

 

CUSIP No. 902973304   Page 24 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Specialty Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

9,151,626 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

9,151,626 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

9,151,626 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.5%

12  

TYPE OF REPORTING PERSON

 

IC, CO


13G

 

CUSIP No. 902973304   Page 25 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

General Star Indemnity Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

1,400,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

1,400,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,400,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


13G

 

CUSIP No. 902973304   Page 26 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

General Re Life Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Connecticut

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

1,427,343 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

1,427,343 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,427,343 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


13G

 

CUSIP No. 902973304   Page 27 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

NorGUARD Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

375,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

375,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

375,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


13G

 

CUSIP No. 902973304   Page 28 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

WestGUARD Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

25,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

25,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

25,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


13G

 

CUSIP No. 902973304   Page 29 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Philadelphia Reinsurance Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

373,596 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

373,596 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

373,596 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


13G

 

CUSIP No. 902973304   Page 30 of 35 Pages

 

  1   

NAME OF REPORTING PERSON

 

Am Guard Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Pennsylvania

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

203,400 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

203,400 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

203,400 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


Page 31 of 35 Pages

 

SCHEDULE 13G

 

Item 1.

 

  (a) Name of Issuer

U.S. Bancorp

 

  (b) Address of Issuer’s Principal Executive Offices

800 Nicollett Mall, Minneapolis, MN 55402

 

Item 2(a). Name of Person Filing:

 

Item 2(b). Address of Principal Business Office:

 

Item 2(c). Citizenship:

 

Warren E. Buffett

3555 Farnam Street

Omaha, Nebraska 68131

United States citizen

  

Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, Nebraska 68131

Delaware

National Indemnity Company

3024 Harney Street

Omaha, Nebraska 68131

Nebraska

  

National Indemnity Company of the South

3024 Harney Street

Omaha, NE 68131

Florida

National Fire & Marine Insurance Company

3024 Harney Street

Omaha, Nebraska 68131

Nebraska

  

Redwood Fire & Casualty Insurance Company

1314 Douglas Street

Omaha, NE 68102

Nebraska

Columbia Insurance Company

3024 Harney Street

Omaha, Nebraska 68131

Nebraska

  

GEICO Corporation

One GEICO Plaza

Washington, DC 20076

Delaware

General Re Corporation

120 Long Ridge Road

Stamford, CT 06902

Delaware

  

Government Employees Insurance Company

One GEICO Plaza

Washington, DC 20076

Delaware

General Re Life Corporation

120 Long Ridge Road

Stamford, CT 06902

Delaware

 

Am Guard Insurance Company

c/o Berkshire Hathaway Guard

P.O. Box A-H

Wilkes-Barre, PA 18703

Pennsylvania

  

General Star Indemnity Company

120 Long Ridge Road

Stamford, CT 06902

Delaware

 

Berkshire Hathaway Specialty Insurance Company

3024 Harney Street

Omaha, NE 68131

Nebraska


Page 32 of 35 Pages

 

U.S. Investment Corporation

190 South Warner Road

Wayne, PA 19087

Pennsylvania

  

General Reinsurance Corporation

120 Long Ridge Road

Stamford, CT 06902

Mount Vernon Fire Insurance Company

190 South Warner Road

Wayne, PA 19087

Pennsylvania

  

U.S. Underwriters Insurance Company

190 South Warner Road

Wayne, PA 19087

North Dakota

United States Liability

Insurance Company

190 South Warner Road

Wayne, PA 19087

Pennsylvania

 

The Medical Protective Company

5814 Reed Road

Ft. Wayne, IN 48635

Indiana

 

Berkshire Hathaway Assurance Corporation

3024 Harvey Street

Omaha, NE 68131

New York

  

Medical Protective Corporation

5814 Reed Road

Ft. Wayne, IN 48635

Indiana

 

Benjamin Moore Pension Trust

c/o Benjamin Moore & Co.

51 Chestnut Ridge Road

Montvale, New Jersey 07645

New Jersey

 

Berkshire Hathaway Homestate Insurance Company

1314 Douglas Street

Omaha, NE 68102

Nebraska

National Indemnity Company of Mid America

3024 Harvey Street

Omaha, NE 68131

Iowa

  

GEICO Indemnity Company

5260 Western Ave.

Chevy Chase, MD 20815

Maryland

NorGUARD Insurance Company

c/o Berkshire Hathaway Guard

P.O. Box A-H

Wilkes – Barre, PA 18703

Pennsylvania

  

Philadelphia Reinsurance Corporation

3024 Harvey Street

Omaha, NE 68131

Pennsylvania

WestGUARD Insurance Company

c/o Berkshire Hathaway GUARD

P.O. Box A-H

Wilkes – Barre, PA 18703

Pennsylvania

  


Page 33 of 35 Pages

 

  (d) Title of Class of Securities

Common Stock

 

  (e) CUSIP Number

902973304

 

Item 3. If this statement is filed pursuant to § 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.), Berkshire Hathaway Inc., GEICO Corporation, General Re Corporation, U.S. Investment Corporation, and Medical Protective Corporation are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company, National Fire & Marine Insurance Company, Columbia Insurance Company, National Indemnity Company of the South, Redwood Fire and Casualty Insurance Company, Government Employees Insurance Company, General Reinsurance Corporation, Mount Vernon Insurance Company, U.S. Underwriters Insurance Company, United States Liability Insurance Company, The Medical Protective Company, Berkshire Hathaway Assurance Corporation, Berkshire Hathaway Homestate Insurance Company, National Indemnity Company of Mid America, GEICO Indemnity Company and Berkshire Hathaway Specialty Insurance Company, General Star Indemnity Company, General Re Life Corporation, Philadelphia Reinsurance Corporation, NorGUARD Insurance Company, WestGUARD Insurance Company, and Am Guard Insurance Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

Benjamin Moore Pension Trust is an Employee Benefit Plan in accordance with § 240.13d-1(b)(1)(ii)(F).

The Reporting Persons together are a group in accordance with § 240.13d-1(b)(i)(ii)(K).


Page 34 of 35 Pages

 

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned

See the Cover Pages for each of the Reporting Persons.

 

  (b) Percent of class

See the Cover Pages for each of the Reporting Persons.

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

 

  (ii) shared power to vote or to direct the vote

 

  (iii) sole power to dispose or to direct the disposition of

 

  (iv) shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons.

 

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

 

Item 8. Identification and Classification of Members of the Group.

Not Applicable.

 

Item 9. Notice of Dissolution of Group.

Not Applicable.

 

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.


Page 35 of 35 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 17th day of February, 2015

 

/s/ Warren E. Buffett

Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:  

/s/ Warren E. Buffett

  Warren E. Buffett
  Chairman of the Board

NATIONAL INDEMNITY COMPANY,

NATIONAL FIRE AND MARINE INSURANCE COMPANY,

COLUMBIA INSURANCE COMPANY, NATIONAL

INDEMNITY COMPANY OF THE SOUTH, REDWOOD FIRE

AND CASUALTY INSURANCE COMPANY, GEICO

CORPORATION, GOVERNMENT EMPLOYEES INSURANCE

CORPORATION, GENERAL RE CORPORATION, GENERAL

REINSURANCE CORPORATION, U.S. INVESTMENT

CORPORATION, MOUNT VERNON FIRE INSURANCE

COMPANY, U.S. UNDERWRITERS INSURANCE COMPANY,

UNITED STATES LIABILITY INSURANCE COMPANY,

MEDICAL PROTECTIVE CORPORATION, THE MEDICAL

PROTECTIVE COMPANY, BENJAMIN

MOORE PENSION TRUST,

BERKSHIRE HATHAWAY ASSURANCE

CORPORATION, BERKSHIRE

HATHAWAY HOMESTATE INSURANCE COMPANY,

NATIONAL INDEMNITY

COMPANY OF MID AMERICA,

GEICO INDEMNITY COMPANY AND

BERKSHIRE HATHAWAY SPECIALTY

INSURANCE COMPANY,

GENERAL STAR INDEMNITY COMPANY,

GENERAL RE LIFE CORPORATION, AND

AM GUARD INSURANCE COMPANY

PHILADELPHIA REINSURANCE CORPORATION

NORGUARD INSURANCE COMPANY

WESTGUARD INSURANCE COMPANY

By:  

/s/ Warren E. Buffett

  Warren E. Buffett
  Attorney-in-Fact


SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

GEICO Corporation

General Re Corporation

U.S. Investment Corporation

Medical Protective Corporation

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

National Fire & Marine Insurance Company

Columbia Insurance Company

National Indemnity Company of the South

Redwood Fire and Casualty Company

Government Employees Insurance Company

General Reinsurance Corporation

Mount Vernon Fire Insurance Company

U.S. Underwriters Insurance Company

United States Liability Insurance Company

The Medical Protective Company

Berkshire Hathaway Assurance Corporation

Berkshire Hathaway Homestate Insurance Company

National Indemnity Company of Mid America

GEICO Indemnity Company

General Re Life Corporation

General Star Indemnity Company

Am Guard Insurance Company

Berkshire Hathaway Specialty Insurance Company

Philadelphia Reinsurance Corporation

NorGUARD Insurance Company

WestGUARD Insurance Company

EMPLOYEE BENEFIT PLANS IN ACCORDANCE WITH 13d-1-(b)(1)(ii)(F)

Benjamin Moore Pension Trust


Note: No Common Stock of U.S. Bancorp is held directly by Berkshire Hathaway Inc. 884,230 shares of Common Stock of U.S. Bancorp are held directly by Warren E. Buffett, an individual who may be deemed to control Berkshire Hathaway Inc.


SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

AND POWER OF ATTORNEY

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Common Stock of U.S. Bancorp may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

 

Dated: February 17, 2015   

/S/ Warren E. Buffett

   Warren E. Buffett
   Berkshire Hathaway Inc.
Dated: February 17, 2015   

/S/ Warren E. Buffett

   By: Warren E. Buffett
   Title: Chairman of the Board
   National Indemnity Company
Dated: February 17, 2015   

/S/ Marc D. Hamburg

   By: Marc D. Hamburg
   Title: Chairman of the Board
   National Fire & Marine Insurance Company
Dated: February 17, 2015   

/S/ Marc D. Hamburg

   By: Marc D. Hamburg
   Title: Chairman of the Board
   Columbia Insurance Company
Dated: February 17, 2015   

/S/ Marc D. Hamburg

   By: Marc D. Hamburg
   Title: Chairman of the Board


   National Indemnity Company of the South
Dated: February 17, 2015   

/S/ Marc D. Hamburg

   By: Marc D. Hamburg
   Title: Chairman of the Board
   Redwood Fire and Casualty Insurance Company
Dated: February 17, 2015   

/S/ Marc D. Hamburg

   By: Marc D. Hamburg
   Title: Assistant Secretary
   GEICO Corporation
Dated: February 17, 2015   

/S/ Michael H. Campbell

   By: Michael H. Campbell
   Title: Vice President
   Government Employees Insurance Company
Dated: February 17, 2015   

/S/ Michael H. Campbell

   By: Michael H. Campbell
   Title: Vice President
   General Re Corporation
Dated: February 17, 2015   

/S/ William Gasdaska

   By: William Gasdaska
   Title: Vice President
   General Reinsurance Corporation
Dated: February 17, 2015   

/S/ William Gasdaska

   By: William Gasdaska
   Title: Vice President


   U.S. Investment Corporation
Dated: February 17, 2015   

/S/ Louis S. Rivituso

   By: Louis S. Rivituso
   Title: Treasurer
   Mount Vernon Fire Insurance Company
Dated: February 17, 2015   

/S/ Louis S. Rivituso

   By: Louis S. Rivituso
   Title: Treasurer
   U.S. Underwriters Insurance Company
Dated: February 17, 2015   

/S/ Louis S. Rivituso

   By: Louis S. Rivituso
   Title: Treasurer
   United States Liability Insurance Company
Dated: February 17, 2015   

/S/ Louis S. Rivituso

   By: Louis S. Rivituso
   Title: Treasurer
   The Medical Protective Company
Dated: February 17, 2015   

/S/ Daniel Landrigan

   By: Daniel Landrigan
   Title: Senior Vice President
   Medical Protective Corporation
Dated: February 17, 2015   

/S/ Daniel Landrigan

   By: Daniel Landrigan
   Title: Senior Vice President


   Benjamin Moore Pension Trust
Dated: February 17, 2015   

/S/ Michael Searles

   By: Michael Searles
   Title: President and Chief Executive Officer
   Berkshire Hathaway Assurance Corporation
Dated: February 17, 2015    /S/ Dale D. Geistkemper
   By: Dale D. Geistkemper
   Title: Treasurer
   Berkshire Hathaway Homestate Insurance Company
Dated: February 17, 2015   

/S/ Andrew Linkhart

   By: Andrew Linkhart
   Title: Treasurer
   GEICO Indemnity Company
Dated: February 17, 2015   

/S/ Michael H. Campbell

   By: Michael H. Campbell
   Title: Vice President
   Berkshire Hathaway Specialty Insurance Company
Dated: February 17, 2015   

/S/ Dale D. Geistkemper

   By: Dale D. Geistkemper
   Title: Treasurer
   General Re Life Corporation
Dated: February 17, 2015   

/S/ Joseph Conetta

   By: Joseph Conetta
   Title: Treasurer


   General Star Indemnity Company
Dated: February 17, 2015   

/S/ William H. Gardaska

   By: William H. Gardaska
   Title: Treasurer
   Am Guard Insurance Company
Dated: February 17, 2015   

/S/ Sy Foguel

   By: Sy Foguel
   Title: President
   NorGuard Insurance Company
Dated: February 17, 2015   

/S/ Sy Foguel

   By: Sy Foguel
   Title: President
   WestGuard Insurance Company
Dated: February 17, 2015   

/S/ Sy Foguel

   By: Sy Foguel
   Title: President
   Philadelphia Reinsurance Company
Dated: February 17, 2015   

/S/ Dale D. Geistkemper

   By: Dale D. Geistkemper
   Title: Treasurer