SC 13G/A

NAME OF REPORTING PERSON

Warren E. Buffett

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

United States Citizen

SC 13G/A 1 d113978dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

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. 7)*

U.S. BANCORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

902973304

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

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

☒ 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.)


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		SCHEDULE 13G		Page 40 of 45 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 1314 Douglas Street Omaha, Nebraska 68102 Nebraska		National Indemnity Company of the South 1314 Douglas Street Omaha, NE 68102 Iowa

Berkshire Hathaway Direct Insurance Company 1314 Douglas Street Omaha, Nebraska 68102 Nebraska		Redwood Fire & Casualty Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska

Columbia Insurance Company 1314 Douglas Street Omaha, Nebraska 68102 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 Nebraska

		General Star Indemnity Company 120 Long Ridge Road Stamford, CT 06902 Delaware


				Page 41 of 45 Pages


Am Guard Insurance Company c/o Berkshire Hathaway Guard P.O. Box A-H Wilkes-Barre, PA 18703 Pennsylvania		Berkshire Hathaway Specialty Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska

U.S. Investment Corporation 190 South Warner Road Wayne, PA 19087 Pennsylvania		General Reinsurance Corporation 120 Long Ridge Road Stamford, CT 06902 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		MedPro Group Inc. 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 1314 Douglas Street Omaha, NE 68102 New York		Berkshire Hathaway Homestate Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska

National Indemnity Company of Mid America 1314 Douglas Street Omaha, NE 68102 Iowa		GEICO Indemnity Company 5260 Western Ave. Chevy Chase, MD 20815 Nebraska

NorGUARD Insurance Company c/o Berkshire Hathaway Guard P.O. Box A-H Wilkes – Barre, PA 18703 Pennsylvania		NRG America Holding Company 1314 Douglas Street Omaha, NE 68102 Delaware

WestGUARD Insurance Company c/o Berkshire Hathaway GUARD P.O. Box A-H Wilkes – Barre, PA 18703 Pennsylvania		Cypress Insurance Company 525 Market Street San Francisco, CA 94105 California


				Page 42 of 45 Pages


Berkshire Hathaway Life Insurance Company of Nebraska 1314 Douglas Street Omaha, NE 68102 Nebraska corporation		BHG Life Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska corporation

Genesis Insurance Company 120 Long Ridge Road Stamford, CT 06902 Delaware corporation		National Fire & Marine Insurance Company 1314 Douglas Street Omaha, NE 68102 Nebraska corporation

Old United Casualty Company 8500 Shawnee Mission Parkway Merriam, KS 66202 Kansas corporation		General Star National Insurance Company 120 Long Ridge Road Stamford, CT 06902 Delaware corporation

East GUARD Insurance Company 16 S. River Street Wilkes-Barre, PA 18703 Pennsylvania corporation		British Insurance Company of Cayman 1314 Douglas Street Omaha, NE 68102 The Cayman Islands corporation

MPP Company 8500 Shawnee Mission Parkway Merriam, KS 66202 Kansas corporation


				Page 43 of 45 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, MedPro Group Inc. and NRG America Holding Company are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company, Berkshire Hathaway Direct 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, Berkshire Hathaway Specialty Insurance Company, General Star Indemnity Company, NorGUARD Insurance Company, WestGUARD Insurance Company, Am Guard Insurance Company, Cypress Insurance Company, Berkshire Hathaway Life Insurance Company of Nebraska, BHG Life Insurance Company, British Insurance Company of Cayman, General Star National Insurance Company, Genesis Insurance Company, National Fire & Marine Insurance Company, East GUARD Insurance Company and Old United Casualty 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.


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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 45 of 45 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 16th day of February, 2021


/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, AM GUARD INSURANCE
COMPANY, NRG AMERICA HOLDING
COMPANY, NORGUARD INSURANCE
COMPANY, WESTGUARD INSURANCE
COMPANY; CYPRESS INSURANCE
COMPANY, BERKSHIRE HATHAWAY DIRECT
INSURANCE COMPANY, BERKSHIRE
HATHAWAY LIFE INSURANCE COMPANY OF
NEBRASKA, BHG LIFE INSURANCE
COMPANY, BRITISH INSURANCE COMPANY
OF CAYMAN, GENERAL STAR NATIONAL
INSURANCE COMPANY, GENESIS
INSURANCE COMPANY, NATIONAL FIRE &
MARINE INSURANCE COMPANY, EAST
GUARD INSURANCE COMPANY, MPP
COMPANY AND OLD UNITED CASUALTY
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

MedPro Group Inc.

NRG America Holding Company

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 Star Indemnity Company

Am Guard Insurance Company

Berkshire Hathaway Specialty Insurance Company

Berkshire Hathaway Direct Insurance Company

NorGUARD Insurance Company

WestGUARD Insurance Company

Cypress Insurance Company

Berkshire Hathaway Life Insurance Company of Nebraska

BHG Life Insurance Company

British Insurance Company of Cayman

General Star National Insurance Company

Genesis Insurance Company

National Fire & Marine Insurance Company

East GUARD Insurance Company

Old United Casualty 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. 684,230 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. 883,000 shares or less than 0.1% of the Common Stock of U.S. Bancorp are held directly by MPP Company and NRG America Holding Company none of which are persons specified in Rule 13d-1(b)(1)(ii)(A) through (J).

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 16, 2021				/S/ Warren E. Buffett
				Warren E. Buffett

				Berkshire Hathaway Inc.

Dated: February 16, 2021				/S/ Warren E. Buffett
				By: Warren E. Buffett
				Title: Chairman of the Board

				National Indemnity Company

Dated: February 16, 2021				/S/ Marc D. Hamburg
				By: Marc D. Hamberg
				Title: Chairman of the Board

				National Fire & Marine Insurance Company

Dated: February 16, 2021				/S/ Marc D. Hamburg
				By: Marc D. Hamberg
				Title: Chairman of the Board

				Columbia Insurance Company

Dated: February 16, 2021				/S/ Marc D. Hamburg
				By: Marc D. Hamberg
				Title: Chairman of the Board

				National Indemnity Company of the South

Dated: February 16, 2021				/S/ Marc D. Hamburg
				By: Marc D. Hamberg
				Title: Chairman of the Board


				Redwood Fire and Casualty Insurance Company

Dated: February 16, 2021				/S/ Marc D. Hamburg
				By: Marc D. Hamberg
				Title: Assistant Secretary

				GEICO Corporation

Dated: February 16, 2021				/S/ Todd A. Combs
				By: Todd A. Combs
				Title: President

				Government Employees Insurance Company

Dated: February 16, 2021				/S/ Todd A. Combs
				By: Todd A. Combs
				Title: President

				General Re Corporation

Dated: February 16, 2021				/S/ Kara Raiguel
				By: Kara Raiguel
				Title: President

				General Reinsurance Corporation

Dated: February 16, 2021				/S/ Kara Raiguel
				By: Kara Raiguel
				Title: President

				U.S. Investment Corporation

Dated: February 16, 2021				/S/ Stephen J. Rivituso
				By: Stephen J. Rivituso
				Title: Vice President

				Mount Vernon Fire Insurance Company

Dated: February 16, 2021				/S/ Stephen J. Rivituso
				By: Stephen J. Rivituso
				Title: Senior Vice President

				U.S. Underwriters Insurance Company

Dated: February 16, 2021				/S/ Stephen J. Rivituso
				By: Stephen J. Rivituso
				Title: Senior Vice President


				United States Liability Insurance Company

Dated: February 16, 2021				/S/ Stephen J. Rivituso
				By: Stephen J. Rivituso
				Title: Senior Vice President

				The Medical Protective Company

Dated: February 16, 2021				/S/ Anthony A. Bowser
				By: Anthony A. Bowser
				Title: Chief Financial Officer

				MedPro Group Inc.

Dated: February 16, 2021				/S/ Anthony A. Bowser
				By: Anthony A. Bowser
				Title: Chief Financial Officer

				Benjamin Moore Pension Trust

Dated: February 16, 2021				/S/ Talia Griep
				By: Talia Griep
				Title: Senior Vice President

				Berkshire Hathaway Assurance Corporation

Dated: February 16, 2021				/S/ Dale D. Geistkemper
				By: Dale D. Geistkemper
				Title: Treasurer

				Berkshire Hathaway Homestate Insurance Company

Dated: February 16, 2021				/S/ Andrew Linkhart
				By: Andrew Linkhart
				Title: Treasurer

				GEICO Indemnity Company

Dated: February 16, 2021				/S/ Todd A. Combs
				By: Todd A. Combs
				Title: President


				Berkshire Hathaway Specialty Insurance Company

Dated: February 16, 2021				/S/ Dale D. Geistkemper
				By: Dale D. Geistkemper
				Title: Treasurer

				General Star Indemnity Company

Dated: February 16, 2021				/S/ Edward M. Nosenzo
				By: Edward M. Nosenzo
				Title: Treasurer

				Am Guard Insurance Company

Dated: February 16, 2021				/S/ Sy Foguel
				By: Sy Foguel
				Title: President

				NorGuard Insurance Company

Dated: February 16, 2021				/S/ Sy Foguel
				By: Sy Foguel
				Title: President

				WestGuard Insurance Company

Dated: February 16, 2021				/S/ Sy Foguel
				By: Sy Foguel
				Title: President

				NRG America Holding Copany

Dated: February 16, 2021				/S/ Dale D. Geistkemper
				By: Dale D. Geistkemper
				Title: Treasurer

				Cypress Insurance Company

Dated: February 16, 2021				/S/ Andrew Linkhaut
				By: Andrew Linkhaut
				Title: Treasurer


				Berkshire Hathaway Direct Insurance Company

Dated: February 16, 2021				/S/ Dale G. Geistkemper
				By: Dale G. Geistkemper
				Title: Treasurer

Dated: February 16, 2021				Berkshire Hathaway Life Insurance Company of Nebraska

				/S/ Dale D. Geistkemper
				By: Dale D. Geistkemper
				Title: Treasurer

Dated: February 16, 2021				BHG Life Insurance Company

				/S/ Dale D. Geistkemper
				By: Dale D. Geistkemper
				Title: Treasurer

Dated: February 16, 2021				Genesis Insurance Company

				/S/ Edward M. Nosenzo
				By: Edward M. Nosenzo
				Title: Treasurer

Dated: February 16, 2021				National Fire & Marine Insurance Company

				/S/ Dale D. Geistkemper
				By: Dale D. Geistkemper
				Title: Treasurer

Dated: February 16, 2021				Old United Casualty Company

				/S/ Glen I. Mayer
				By: Glen I. Mayer
				Title: President

Dated: February 16, 2021				General Star National Insurance Company

				/S/ Edward M. Nosenzo
				By: Edward M. Nosenzo
				Title: Treasurer

Dated: February 16, 2021				East GUARD Insurance Company

				/S/ Sy Foguel
				By: Sy Foguel
				Title: President

Dated: February 16, 2021				MPP Company

				/S/ Glen I. Mayer
				By: Glen I. Mayer
				Title: President

Dated: February 16, 2021				British Insurance Company of Cayman

				/S/ Donald F. Wurster
				By: Donald F. Wurster
				Title: Director