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U.S. Bancorp to Present at the Banc of America Securities 34th Annual Investment Conference

MINNEAPOLIS, Sept. 16 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) announced today that Jerry A. Grundhofer, chairman, president and chief executive officer, is scheduled to present at the Banc of America Securities 34th Annual Investment Conference. The presentation will begin at 8:30 a.m. PDT on Monday, September 20, 2004, at The Ritz-Carlton Hotel in San Francisco, CA. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.

A live audio-webcast of both the presentation and the breakout session that follows will be available through U.S. Bancorp's website at http://usbank.com . To access the webcasts and slides used in the presentation, go to U.S. Bancorp's website and click on "Investor/Shareholder Information" and then "Webcasts and Presentations," under the Investor Information section. Individuals without Internet access may request a copy of the slide presentation on Monday by calling 612-303-0781. Replays of the presentation and the breakout session will be available at the same location on the website through October 8, 2004.

Minneapolis-based U.S. Bancorp, with $190 billion in assets, is the 6th largest financial services holding company in the United States. The company operates 2,344 banking offices and 4,578 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 http://usbank.com .

SOURCE  U.S. Bancorp
    -0-                             09/16/2004
    /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 /
    (USB)

CO:  U.S. Bancorp; Banc of America Securities 34th Annual Investment
     Conference
ST:  Minnesota, California
IN:  FIN
SU:  CCA MAV

AM-JS 
-- CGTH041 --
5075 09/16/2004 16:00 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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