U.s. bancorp receives approval from federal reserve board of governors

U.s. bancorp receives approval from federal reserve board of governors for additional capital distribution.u.s. bancorp - approved an authorization, effective immediately, to repurchase up to $2.5 billion of its outstanding common stock.u.s. bancorp - stock may be repurchased in open market or in privately negotiated transactions through june 30, 2020.u.s. bancorp - acquired shares to be held as treasury shares, may be reissued for various corporate purposes.
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