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U.S. Bank Pays Consumer Fees for Money Transfers to China, Matches Employee Donations in Support of Earthquake Relief

MINNEAPOLIS--(BUSINESS WIRE)--May 28, 2008--U.S. Bank will refund fees for MoneyGram remittances to China made by U.S. Bank consumer customers from any U.S. Bank branch. The free transfers will be available from May 23 through July 31, 2008 in an effort to support relief efforts for victims of the earthquake that hit Sichuan Province in China on May 12.

Additionally, the U.S. Bancorp Foundation matches employee contributions made to eligible charities located in the United States, and it is reminding employees of this opportunity to double their gifts in light of the earthquake in China.

U.S. Bancorp (NYSE: USB), with $242 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,522 banking offices and 4,844 ATMs, 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 www.usbank.com.

CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732

SOURCE: U.S. Bank

"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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