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U.S. Bancorp Second Quarter Earnings Release and Conference Call Set For

Tuesday, July 16, 2002

MINNEAPOLIS, July 10 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) will release its second quarter 2002 earnings results on Tuesday, July 16, 2002, at approximately 11:00 a.m. (CDT).  At 1:00 p.m. (CDT) U.S. Bancorp's Vice Chairman and Chief Financial Officer David M. Moffett 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, please dial 800-233-2795 and ask for the U.S. Bancorp earnings conference call.  Participants calling from outside the United States, please dial 785-832-1077.

For those unable to participate during the live call, a recording of the call will be available from 5:00 p.m. (CDT) on Tuesday, July 16th through Tuesday, July 23rd at 11:00 p.m. (CDT).  To access the recorded message dial 800-283-8217.  If calling from outside the United States, please dial 402-220-0868 to access the recording.

Via Internet:

www.usbank.com

Minneapolis-based U.S. Bancorp (USB), with $165 billion in assets, is the 8th largest financial services holding company in the United States.  The company operates 2,147 banking offices and 4,929 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, and trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.  Visit U.S. Bancorp on the web at www.usbank.com and Firstar Bank at www.firstar.com .

MAKE YOUR OPINION COUNT -  Click Here

http://tbutton.prnewswire.com/prn/11690X70111331

SOURCE  U.S. Bancorp

    -0-                             07/10/2002

/CONTACT:  H. D. McCullough, Investor Relations, +1-612-973-2261, or Judith T. Murphy, Investor Relations, +1-612-973-2264, or Steve Dale, Media Relations, +1-612-973-0898, all for U.S. Bancorp/

/Company News On-Call:  http://www.prnewswire.com/comp/312402.html  /

/Web site:  http://www.firstar.com  /

/Web site:  http://www.usbank.com  /

(USB)

CO:  U.S. Bancorp
ST:  Minnesota
IN:  FIN
SU:  CCA

CK-JA
-- MNW006 --
1037 07/10/2002 11:15 EDT http://www.prnewswire.com

"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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