US Bank Charter & Stablecoin Governance Matrix

Supervisory Controls National Trust Bank

Preloaded Regulatory Presets

Entity & Charter Name

Charter Regulatory Rail

Stablecoin Supply (Circulation) $2,500,000,000

Simulated 24-Hour Redemption Run 35% ($875.0M)

Backing Reserve Composition (%)

Overnight U.S. T-Bills (<90d) 75%

Fed Reverse Repo Agreements 15%

Commercial Bank Uninsured/Cash Deposits 10%

Liquidity Coverage Ratio (LCR) 100.0% Target: ≥ 100% HQLA compliance

Tier 1 Capital Required $200,000,000 8.0% leverage buffer on liabilities

Supervisory Risk Status

Tier 1 Regulated - Conditional

Direct OCC supervisory oversight

FDIC Insurance Status Pass-Through Only Entity uninsured; accounts eligible up to $250k

Reserve Liquidity vs. Run Redemption Demand (D3 Dynamic Modeling) Resilient - No Fire Sale Required

Jurisdiction Area	National Trust (OCC)	State MSB (50 States)
State Money Transmitter Licensing	Federally Preempted (Unified)	50 Individual State Licenses
Federal Reserve Master Account	Eligible for Assessment	Ineligible (Must use intermediary)
Supervisory Examination	Continuous OCC Resident Examiner	State-by-State Periodic Audits
Rehypothecation / Yield	Strictly Prohibited on Reserves	State Permissible Investments