SC 13G

 

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.     )*

 

 

U.S. BANCORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

902973304

(CUSIP Number)

December 31, 2013

(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.)


CUSIP No. 902973304   13G   Page 2 of 38 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

   5    

SOLE VOTING POWER

 

884,230 shares of Common Stock

   6   

SHARED VOTING POWER

 

96,707,344 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

884,230 shares of Common Stock

   8   

SHARED DISPOSITIVE POWER

 

96,707,344 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

97,591,524 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

 

5.3%

12  

TYPE OF REPORTING PERSON

 

IN


CUSIP No. 902973304   13G   Page 3 of 38 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

   5    

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

96,707,344 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

96,707,344 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

96,707,344 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

 

5.3%

12  

TYPE OF REPORTING PERSON

 

HC, CO


CUSIP No. 902973304   13G   Page 4 of 38 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

   5    

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

46,445,826 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

46,445,826 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

46,445,826 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

 

2.5%

12  

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No. 902973304   13G   Page 5 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 6 of 38 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

   5    

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

27,512,100 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

27,512,100 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

27,512,100 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

 

1.5%

12  

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No. 902973304   13G   Page 7 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 8 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 9 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 10 of 38 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

   5    

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

 

0.4%

12  

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No. 902973304   13G   Page 11 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 12 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 13 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 14 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 15 of 38 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

   5    

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

 


CUSIP No. 902973304   13G   Page 16 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 17 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 18 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 19 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 20 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 21 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 22 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 23 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 24 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 25 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 26 of 38 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

   5    

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


CUSIP No. 902973304   13G   Page 27 of 38 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

   5    

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


  SCHEDULE 13G   Page 28 of 38 Pages

 

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

9290 West Dodge Road

Omaha, NE 68114

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 29 of 38 Pages

 

U.S. Investment Corporation

190 South Warner Road

Wayne, PA 19087

Pennsylvania

 

General Reinsurance Corporation

695 East Main Street

Stamford, CT 06904

Delaware

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

 

Medical Protective Corporation

5814 Reed Road

Ft. Wayne, IN 48635

Indiana

The Medical Protective Company

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 Assurance Corporation

3024 Harvey Street

Omaha, NE 68131

New York

 

Berkshire Hathaway Homestate Insurance Company

3333 Farnam Street

Omaha, NE 68131

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


  (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 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).


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 32 of 38 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 14th day of February, 2014

 

/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

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

Central States of Omaha Companies, Inc.

Boat America 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

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 14, 2014  

/S/ Warren E. Buffett

  Warren E. Buffett
  Berkshire Hathaway Inc.
Dated: February 14, 2014  

/S/ Warren E. Buffett

  By: Warren E. Buffett
  Title: Chairman of the Board
  National Indemnity Company
Dated: February 14, 2014  

/S/ Marc D. Hamburg

  By: Marc D. Hamberg
  Title: Chairman of the Board
  National Fire & Marine Insurance Company
Dated: February 14, 2014  

/S/ Marc D. Hamburg

  By: Marc D. Hamberg
  Title: Chairman of the Board
  Columbia Insurance Company
Dated: February 14, 2014  

/S/ Marc D. Hamburg

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


  National Indemnity Company of the South
Dated: February 14, 2014  

/S/ Marc D. Hamburg

  By: Marc D. Hamberg
  Title: Chairman of the Board
  Redwood Fire and Casualty Insurance Company
Dated: February 14, 2014  

/S/ Marc D. Hamburg

  By: Marc D. Hamberg
  Title: Assistant Secretary
  GEICO Corporation
Dated: February 14, 2014  

/S/ Michael H. Campbell

  By: Michael H. Campbell
  Title: Vice President
  Government Employees Insurance Company
Dated: February 14, 2014  

/S/ Michael H. Campbell

  By: Michael H. Campbell
  Title: Vice President
  General Re Corporation
Dated: February 14, 2014  

/S/ William Gasdaska

  By: William Gasdaska
  Title: Vice President


  General Reinsurance Corporation
Dated: February 14, 2014  

/S/ William Gasdaska

  By: William Gasdaska
  Title: Vice President
  U.S. Investment Corporation
Dated: February 14, 2014  

/S/ Louis S. Rivituso

  By: Louis S. Rivituso
  Title: Treasurer
  Mount Vernon Fire Insurance Company
Dated: February 14, 2014  

/S/ Louis S. Rivituso

  By: Louis S. Rivituso
  Title: Treasurer
  U.S. Underwriters Insurance Company
Dated: February 14, 2014  

/S/ Louis S. Rivituso

  By: Louis S. Rivituso
  Title: Treasurer
  United States Liability Insurance Company
Dated: February 14, 2014  

/S/ Louis S. Rivituso

  By: Louis S. Rivituso
  Title: Treasurer
  The Medical Protective Company
Dated: February 14, 2014  

/S/ Daniel Landrigan

  By: Daniel Landrigan
  Title: Senior Vice President


  Medical Protective Corporation
Dated: February 14, 2014  

/S/ Daniel Landrigan

  By: Daniel Landrigan
  Title: Senior Vice President
  Benjamin Moore Pension Trust
Dated: February 14, 2014  

/S/ Michael Searles

  By: Michael Searles
  Title: President and Chief Executive Officer
  Berkshire Hathaway Assurance Corporation
 

/S/ Dale D. Geistkemper

  By: Dale D. Geistkemper
  Title: Treasurer
  Berkshire Hathaway Homestate Insurance Company
Dated: February 14, 2014  

/S/ Jackie L. Perry

  By: Jackie L. Perry
  Title: Treasurer
  National Indemnity Company of Mid America
Dated: February 14, 2014  

/S/ Dale D. Geistkemper

  By: Dale D. Geistkemper
  Title: Treasurer
  GEICO Indemnity Company
Dated: February 14, 2014  

/S/ Charles G. Schara

  By: Charles G. Schara
  Title: Treasurer


  Berkshire Hathaway Specialty Insurance Company
Dated: February 14, 2014  

/S/ Dale D. Geistkemper

  By: Dale D. Geistkemper
  Title: Treasurer
  General Re Life Corporation
Dated: February 14, 2014  

/S/ Joseph Conetta

  By: Joseph Conetta
  Title: Treasurer
  General Star Indemnity Company
Dated: February 14, 2014  

/S/ William H. Gardaska

  By: William H. Gardaska
  Title: Treasurer
  Am Guard Insurance Company
Dated: February 14, 2014  

/S/ Sy Foguel

  By: Sy Foguel
  Title: President