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U.S. Bank Named GSA Schedule 70 Vendor


U.S. Bank has been designated as an approved Cooperative Purchasing supplier of information technology and professional services under the U.S. General Services Administration's (GSA) Schedule 70, a program that leverages the buying power of the federal government to benefit smaller state and local public entities.

GSA awarded the Schedule 70 Cooperative Purchasing status to two bank payment products: U.S. Bank Freight Payment and U.S. Bank Electronic Invoice Presentment and Payment (EIPP). These tools help public sector clients to better manage core accounting and financial processes. The Schedule 70 designation follows a rigorous evaluation of U.S. Bank's quality, pricing and legal compliance.

The Schedule 70 designation allows federal, state and local government entities, K-12 school districts and higher education institutions to take advantage of the same volume pricing available to large federal agencies. By selecting U.S. Bank from GSA's list of preapproved vendors, these public sector organizations substantially reduce their procurement costs by eliminating the need to issue and evaluate multiple bids.

"With the public sector being asked to do more with fewer resources, the time- and cost-saving advantages of our Freight Payment and EIPP products can be critical tools for educational institutions and government agencies at all levels," says Doug Ichiuji, senior vice president and public sector head for U.S. Bank Corporate Payment Systems. "As a new Schedule 70 designee, U.S. Bank is looking forward to helping these organizations streamline their financial operations."

Government customers can access information about U.S. Bank through the GSA Schedules e-Library using U.S. Bank's contract number GS-35F-0299W. To learn more about U.S. Bank's payment expertise, visit www.usbpayment.com, or call 1-866-274-5898.

About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $283 billion in assets as of June 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,002 banking offices in 24 states and 5,309 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.


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