The Federal Reserve Board has granted U.S. Bancorp permission to underwrite a broader range of municipal revenue bonds and other securities.

The $70 billion-asset bank holding company, based in Minneapolis, will conduct its new section 20 powers through an existing subsidiary called U.S. Bancorp Investments Inc., according to a Nov. 26 Fed order.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.