I N S T I T U T I O N A L T R U S T & C U S T O D Y

Big Bank Capabilities, Mid-Market FocusSM

Securit ies Lending

Generate additional revenue in a risk-controlled environment, without interrupting trading activities or cash and interest proceeds.

A trusted partner

Since 1990, U.S. Bank Institutional Trust & Custody has

helped institutions enhance investment performance through

our securities lending program. You receive the fiduciary

expertise of U.S. Bank Institutional Trust & Custody combined

with the investment and risk management experience of FAF

Advisors, a registered investment advisor with more than $100

billion in assets under management.*

We oversee every detail

We work in close partnership with you to understand your

objectives and tailor a U.S. Bank Institutional Trust & Custody

securities lending program that meets your return and risk

parameters.

Once you authorize lending of your portfolio’s securities, we

facilitate and oversee the entire process:

Lending your securities to carefully selected borrowers.•

Negotiating rebates.•

Receiving cash collateral, valued at 102% of the •

securities borrowed, and investing the securities

according to your investment quality guidelines.

Paying you a percentage of earned interest from those •

investments while your securities are out on loan.

Securities lending can help your organization generate incremental

revenue by lending the securities in your portfolio to carefully selected

institutional borrowers.

U.S. Bank

2. Loan

Client

Borrower

1. Authorize

3. Cash

4. Earnings

* FAF Advisors, Inc. is a registered investment advisor and subsidiary of U.S. Bank National Association. U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp. Total assets listed as of December 31, 2006.

Risks are strictly controlled

U.S. Bank Institutional Trust & Custody adheres to a

conservative approach to risk management and our

fiduciary responsibilities to you. We have stringent risk

management policies that govern borrowers, collateral and

loan terms.

Our borrowers are leading financial institutions that •

pass our rigorous and ongoing financial and credit

analysis.

We require borrowers to provide 102% collateral •

at loan inception, reducing your credit risk exposure.

We mark to market the value of your securities every •

business day until securities are returned.

We offer an indemnified program for an additional •

layer of protection.

Our securities lending program investment policy establishes

strict quality guidelines for collateral investment. All issuers

must be pre-approved by FAF Advisors, providing you with

an additional layer of credit oversight. Software automates

compliance with the investment policy.

Choose the lending program that fits your organization

We work closely with you to establish and monitor a

securities lending program that fits your investment

objectives. We offer a flexible, client-centered approach

to securities lending that features unique cash collateral

products designed exclusively for securities lending:

Registered investment products that meet a range of •

client risk profiles.

An independent board of trustees oversees the •

products and independent auditors provide financial

statements.

Separate accounts for clients who mandate unique •

investment policies or require lending restrictions.

Leverage your corporate cash

We can help you earn incremental revenue from your

corporate cash without impacting your balance sheet. Our

corporate cash securities lending program runs quarter to

quarter, so your lent securities are back on your balance

sheet as assets by quarter-end.

Access your securities lending portfolio 24/7

Always know the status of your securities lending portfolio

with our Securities Lending Client Access. This secure

online site allows you to:

Access real-time information on your account, •

such as securities on loan, earnings, activity

and borrowers.

Obtain detailed information on your securities.•

Generate a variety of reports.•

Download information in a variety of formats.•

Make efficient use of your assets

With our high 36% average utilization rate,* we keep your

assets working for you as efficiently as possible. In fact,

we match or exceed industry utilization rates, often by as

much as three to four times the industry average in the case

of equities or government agency securities.

To learn more, talk to your U.S. Bank

Institutional Trust & Custody representative.

* Source: Risk Management Association, Third Quarter 2006 Composite of 18 Lending Institutions.

Big Bank Capabilities, Mid-Market FocusSM

As the nation’s sixth-largest financial institution*, with more than 100 years of trust and custody experience, U.S. Bank provides

the financial resources and services of a leading national bank – with a difference. We focus on tailoring these capabilities to

fit the unique needs of the middle market. Unlike some large custodians, U.S. Bank does not solely target our services toward

very large relationships. We have the capabilities, experience and expertise to provide creative and effective solutions specifically

designed for mid-market portfolios.

For more information, please contact your U.S. Bank Institutional Trust & Custody representative.

You also may call us at 866-681-5052 or log onto our Web site at usbank.com/itc.

866-681-5052usbank.com/itc

*Source: U.S. Bancorp 2007 Annual Report

U.S. Bank National Association is a wholly owned subsidiary of U.S. Bancorp. U.S. Bank Institutional Trust & Custody is a division of U.S. Bank National Association that focuses on trust, custody, investment and retirement services to institutional clients. Its product offerings include institutional trust and custody services for accounts holding assets for qualified retirement plans, non-qualified deferred compensation plans, non-profits and insurance companies.

U.S. Bank and its representatives do not provide tax or legal advice. Each individual’s tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Investment products are not deposits or obligations of, or guaranteed by U.S. Bank or any of its affiliates, nor are they used by the Federal Deposit Insurance Corporation, or any other government agency. Any investment involves investment risk, including possible loss of principal.

Past performance is no guarantee of future results. All information has been obtained from sources deemed to be reliable, but is not guaranteed as to accuracy or completeness. It is not intended to provide specific advice or to be construed as an offering of securities or recommendation to invest. Investors should consult their investment professional for advice or information concerning their particular financial situation.

Copyright © 2009 U.S. Bank 11/2007 7005-02