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U.S. Bancorp to Participate in Conference Call Hosted by Prudential Equity Group, LLC

MINNEAPOLIS, June 8 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) announced today that Jerry A. Grundhofer, chairman, president and chief executive officer, is scheduled to participate in a conference call hosted by Prudential Equity Group, LLC. The conference call is scheduled for Wednesday, June 9, 2004, at 2:00 p.m. (EDT).

To access the conference call, please dial 800-374-0784 and ask for the Prudential/U.S. Bancorp conference call. Participants calling from outside the United States, please dial 706-634-2237. For those unable to participate in the live call, a recording of the call will be available shortly after the live call for two weeks. To access the recorded message, please dial 800-570-7821. If calling from outside the United States, please dial 706-758-5509 to access the recording.

Minneapolis-based U.S. Bancorp, with $192 billion in assets, is the 7th largest financial services holding company in the United States. The company operates 2,275 banking offices and 4,472 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

SOURCE  U.S. Bancorp
    -0-                             06/08/2004
    /CONTACT:  Investor Relations, Judith T. Murphy, +1-612-303-0783, or H.D.
McCullough, +1-612-303-0786, or Public Relations, Steve Dale, +1-612-303-0784,
all of U.S. Bancorp/
    /Company News On-Call:  http://www.prnewswire.com/comp/312402.html /
    /Web site:  http://www.usbank.com /

CO:  U.S. Bancorp; Prudential Equity Group, LLC
ST:  Minnesota

-- CGTU067 --
7430 06/08/2004 16:08 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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