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U.S. Bancorp Foundation to Assist with Disaster Relief Efforts in Japan

MINNEAPOLIS, Mar 23, 2011 (BUSINESS WIRE) --

The U.S. Bancorp Foundation is donating $100,000 to the American Red Cross to assist with disaster relief efforts in Japan. The funds will help provide food, water, medical supplies and other services to victims of the recent earthquake and tsunami. U.S. Bancorp is the parent company of U.S. Bank.

"The tragedy in Japan is a time for all of us to do what we can to help the victims," said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp. "In addition to the company's commitment, the U.S. Bancorp Employee Matching Gift program will match the next $100,000 given by U.S. Bancorp employees."

The company is encouraging all of its employees to make a contribution and double their contribution, and is waiving its minimum one-year employment requirement in order for employee donations to be matched by the U.S. Bancorp Foundation for this effort.

U.S. Bancorp (NYSE: USB), with $308 billion in assets as of Dec. 31, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,069 banking offices in 25 states and 5,310 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.

SOURCE: U.S. Bancorp

U.S. Bancorp
Steve Dale, Media Relations, 612-303-0784
Amy Frantti, Media Relations, 612-303-0733
"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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