MINNEAPOLIS--(BUSINESS WIRE)--Oct. 31, 2007--U.S. Bancorp
(NYSE:USB) announced it will lower its prime lending rate to 7.50
percent from 7.75 percent, effective after the close of business
today, October 31, 2007, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
September 18, 2007, when it was decreased 50 basis points to 7.75
U.S. Bancorp, with assets of $228 billion, is the 6th largest
commercial bank in the United States. The company operates 2,512
banking offices and 4,870 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
Steve Dale, Media, 612-303-0784
Judy Murphy, Analysts, 612-303-0783
SOURCE: U.S. Bancorp