U.S. Bancorp operates as the holding company for U.S. Bank that provides commercial banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, and time certificates of deposit accounts. The company also originates a portfolio of loans comprising commercial loans and lease financing; commercial real estate; residential mortgage; and retail loans, including credit card, retail leasing, home equity and second mortgages, and other retail loans. It also offers wholesale lending, equipment finance, small-ticket leasing, depository, treasury management, capital markets, foreign exchange, and international trade services to middle market, large corporate, commercial real estate, and public sector clients. In addition, U.S. Bancorp provides telebanking, online banking, direct mail, and automated teller machine services. The company, through other subsidiaries, provides trust, private banking, financial advisory, investment management, retail brokerage services, insurance, and custody and mutual fund services. Its payment services include consumer and business credit cards, stored-value cards, debit cards, corporate and purchasing card services, ATM processing, and merchant processing. Further, the company offers treasury and corporate support services consisting of investment portfolios, funding, capital management, asset securitization, interest rate risk management, and transfer pricing. U.S. Bancorp primarily serves individuals, estates, foundations, business corporations, and charitable organizations. As of December 31, 2007, it operated 2,518 branches and 4,867 ATMs. The company was founded in 1929 and is headquartered in Minneapolis, Minnesota.