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U.S. Bancorp to Participate in Record Number of Projects for Community Build Day 2007

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 3, 2007--Thousands of U.S. Bancorp (NYSE:USB) employees will volunteer time in their communities on Saturday, Aug. 4 for Community Build Day 2007 to help them be better places to live, play and work. To date, U.S. Bancorp employees will participate with more than 170 build projects in 119 of its communities in 30 states. The Financial Services Roundtable, a trade association of 100 of the largest integrated financial services companies in the United States, is sponsoring this nationwide event. More than 307 total builds are taking place across the nation on Community Build Day 2007.

"U.S. Bancorp is proud to participate with Community Build Day 2007 to help improve the quality of life in its communities," said Richard Davis, president and chief executive officer of U.S. Bancorp, the parent company of U.S. Bank. Davis is also national chairman of Community Build Day 2007. "Most of our employees are participating through their local U.S. Bancorp Employee Development Network, which is designed to assist them in taking an active role in their career and personal development. Employee volunteers will participate with a variety of projects including book and school supply drives, Habitat for Humanity builds, blood drives, food drives, Special Olympics and Junior Achievement events, home repair and remodeling projects, as well as runs and walks to raise money for local community organizations."

Community Build Day embraces the good work that is already taking place in cities across the country, and inspires new projects in new places and with new participants and beneficiaries. The Roundtable recognizes work throughout the month of August, with special events recognizing the sixth annual Community Build Day on Saturday, Aug. 4, 2007. True to the spirit of building, companies and employees volunteer to build their communities, socially or physically, through a variety of activities from building projects to food drives to a walking or running event for a good cause.

Last year, 46 companies participated in Community Build Day with 120 events in 50 states raising nearly $1 million for the nonprofit partners of Community Build Day. Approximately 5,000 volunteers participated in projects that made an impact on 2,000 families, 14,700 individuals and 25,000 school children. More than five million people were made aware of the benefits of Community Build Day through news media coverage. To learn more about Community Build Day and how organizations may participate, visit www.fsround.org.

The Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the chief executive officer and other senior executives nominated by the CEO. Roundtable member companies provide fuel for America's economic engine, accounting directly for $50.5 trillion in managed assets, $1.1 trillion in revenue, and 2.4 million jobs.

U.S. Bancorp, with assets of $223 billion, is the 6th largest commercial bank in the United States. The company operates 2,499 banking offices and 4,867 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

CONTACT: U.S. Bancorp
Amy Frantti, Media Relations, 612-303-0733

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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