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U.S. Bancorp Fourth Quarter Earnings Release and Conference Call Set for Tuesday, January 15, 2008

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 26, 2007--U.S. Bancorp (NYSE: USB) will release its fourth quarter 2007 earnings before the market opens on Tuesday, January 15, 2008. At noon (CST) Richard K. Davis, chairman, 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 from locations within the United States and Canada, please dial 866-316-1409. Participants calling from outside the United States and Canada, please dial 706-634-9086. The conference ID number for all participants is 29540352.

For those unable to participate during the live call, a recording of the call will be available approximately two hours after the conference call ends on Tuesday, January 15th, and will run through Tuesday, January 22nd, at 11:00 p.m. (CST). To access the recorded message within the United States and Canada, dial 800-642-1687. If calling from outside the United States and Canada, please dial 706-645-9291 to access the recording. The conference ID is 29540352.

Via Internet:

usbank.com

Minneapolis-based U.S. Bancorp ("USB"), with $228 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,512 banking offices and 4,870 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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