View this email as a Web page.   The Food Industries Quarterly Update is designed to bring you the insight you need to optimize your banking strategies today and in the future. Our industry specialists provide clients with unsurpassed experience and understanding of the food and agribusiness sectors as well as regional conditions and economic cycles. Learn More: Food Industries     Issues and thoughts on today’s market Today, more than any other time in history, what is happening around the world is having a major impact on the supply and demand for food resources here in the United States. When violent weather patterns in South America create havoc or imports and exports are halted in Asia because of a pandemic, volatility in the markets rules the day. With more than 30 years working in the food industry, Elizabeth Hund, Senior Vice President and Division Head, Food Industries, understands the business, the cycles of the industry and the volatility that is prevalent today. We recently talked with Lizz to get her impressions of the current state and future of the industry.     Keith Hembre, Nuveen’s Chief Economist, discusses the economic outlook for 2012. In recent months, economic sentiment has oscillated between fears of a double dip recession and expectations for a strengthening and durable domestic recovery. In this special commentary, by Keith Hembre of Nuveen Investments, you’ll find his outlook for 2012 and insights on how the recovery will continue.     Quality & value are keys to continued success Customers continued to rank U.S. Bank highly in overall satisfaction, quality and value according to American Customer Satisfaction Index (ACSI) November 2012 research¹. U.S. Bank once again exceeded the industry average and the four largest banks in the country. The ACSI released the results of the four largest banks in the country, along with industry average and the combined average of all other banks. The highest reported score for a bank was 73 and industry average was 75 for overall satisfaction. Looking at two primary drivers of overall satisfaction - quality and value - U.S. Bank remains above the industry average and the largest four banks. In customer retention, U.S. Bank scored significantly higher than the bank industry average.     Please contact us to learn more or to discuss any financing needs: `eqf_name`, `eqf_title` U.S. Bank Food Industries `eqf_email` `eqf_phone`   Keith Hembre’s review & outlook Get vital economic news, trends, updates and perspectives on the current state of the economy and financial markets. Quarterly Market Views U.S. Bank Quarterly Profile National Western Stock Show January 7 - 22, 2012 National Grain and Feed Association (NGFA) 116th Annual Conference March 18 - 20, 2012 Grocery Manufacturers Association Executive Conference August 25 - 28, 2012   1By selecting this link, you will leave U.S. Bank and enter a third-party Web site. U.S. Bank is not responsible for the content of, or products and services provided by this third party, nor does it guarantee the system availability or accuracy of information contained in the site. This Web site is not controlled by U.S. Bank. Please note that the third-party Web site may have privacy and information security policies that differ from those of U.S. Bank. This discussion is intended to be informational only and is not exhaustive or conclusive. The factual information provided has been obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness. Deposit products offered by U.S. Bank National Association. Member FDIC. Investment products, including shares of mutual funds, are not deposits or obligations of, or guaranteed by U.S. Bank or any of its affiliates, nor are they insured by the Federal Deposit Insurance Corporation, or any other government agency. An investment in such products involves investment risk including possible loss of principal. U.S. Bank is not responsible for and does not guarantee the products and services, or the performance of the products or services, offered by its affiliates or by third parties. To ensure that you continue to receive email from us, please add us to your Address Book (1800USBanks@usbank-email.com). Thank you. You are receiving this email as a courtesy from U.S. Bank. Please know that you can modify your preferences or be removed from our mailing list at any time. View the U.S. Bank Privacy Pledge. We will never send you an email asking for personal information. Learn more at usbank.com. U.S. Bank · EP-MN-L20D · 200 South 6th Street · Minneapolis, MN 55402 © 2012 U.S. Bancorp. All rights reserved.