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U.S. Bancorp Second Quarter Earnings Release and Conference Call Set for Tuesday, July 17, 2007

MINNEAPOLIS--(BUSINESS WIRE)--June 28, 2007--U.S. Bancorp (NYSE: USB) will release its second quarter 2007 earnings results before the market opens on Tuesday, July 17, 2007. At 1:00 p.m. (CDT) Richard K. Davis, president and chief executive officer, and Andrew Cecere, vice chairman and chief financial officer, will host a conference call to review the financial results. The conference call will be available by telephone or on the Internet.

Via telephone:

To access the conference call, please dial 800-896-8445 and ask for the U.S. Bancorp earnings conference call. Participants calling from outside the United States, please dial 785-830-1916.

For those unable to participate during the live call, a recording of the call will be available approximately one hour after the conference call ends on Tuesday, July 17th, and will run through Tuesday, July 24th, at 11:00 p.m. (CDT). To access the recorded message dial 800-677-7085. If calling from outside the United States, please dial 402-220-0665 to access the recording.

Via Internet: usbank.com

Minneapolis-based U.S. Bancorp ("USB"), with $221 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,498 banking offices and 4,837 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

CONTACT: U.S. Bancorp
Judith T. Murphy, Investor Relations, 612-303-0783
or
Steve Dale, Media Relations, 612-303-0784

SOURCE: U.S. Bancorp

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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