U.S. Bancorp, BoNY-Mellon Top MBS Trustee Rankings

U.S. Bancorp topped Thomson Financial's rankings of U.S. mortgage-backed debt trustees for the first three quarters of this year followed by The Bank of New York Mellon, which was named the leading trustee for all U.S. debt securities across the board. USB served as trustee for 19 MBS deals during the period ended Sept. 30 while The Bank of New York-Mellon served as trustee for 16 deals. According to Thomson Financial data during the first nine months of 2008, the Bank of New York Mellon acted as trustee for over 1,300 debt issues, covering 30% of the market, valued at over $411 billion in proceeds. In addition to mortgage-backed debt, the firm services all major debt categories, including corporate, collateralized debt obligations, derivative securities and international debt offerings. The company delivers its corporate trust and agency services through The Bank of New York subsidiary. Its corporate trust business services $12 trillion in outstanding debt from 56 locations in 18 countries around the world.