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U.S. Bancorp Fourth Quarter Earnings Release and Conference Call Set for Wednesday, January 21, 2009

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 23, 2008--U.S. Bancorp (NYSE: USB) will release its fourth quarter 2008 earnings before the market opens on Wednesday, January 21, 2009. At 8:00 a.m. (CT) 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 78901067.

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 Wednesday, January 21st, and will run through Wednesday, January 28th, at 11:00 p.m. (CT). 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 78901067.

Via Internet:

To access the webcast go to www.usbank.com and click on "About U.S. Bancorp" and then "Investor/Shareholder Information". The webcast link can be found under "Webcasts and Presentations".

Minneapolis-based U.S. Bancorp ("USB"), with $247 billion in assets as of September 30, 2008, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States as of that date. The company operates 2,769 banking offices and 5,159 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 www.usbank.com.


    CONTACT: U.S. Bancorp
             Judith T. Murphy, Investors/Analysts, 612-303-0783
             or
             Steve Dale, Media, 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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