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U.S. Bancorp to Present at the Sandler O'Neill & Partners, L.P. 2004 Financial Services Conference

MINNEAPOLIS, Nov. 9 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) announced today that Jerry A. Grundhofer, chairman and chief executive officer, is scheduled to present at the Sandler O'Neill & Partners, L.P. 2004 Financial Services Conference. The presentation will begin at 8:55 a.m. EST on Thursday, November 11, 2004, at the PGA National Resort & Spa in Palm Beach Gardens, Florida. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies. The presentation will be available on the Internet and by telephone.

The live audio-webcast of the presentation will be available through U.S. Bancorp's website at usbank.com. To access the webcast 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. A replay of the webcast will be available at the same location on the website for 30 days after the event, beginning on Friday, November 12th.

To access the presentation via telephone, please dial 706-645-9215 and ask for the Sandler O'Neill Conference, Session #1. Individuals without Internet access may request a copy of the slide presentation on Thursday by calling 612-303-0781.

Minneapolis-based U.S. Bancorp, with $193 billion in assets, is the 6th largest financial services holding company in the United States. The company operates 2,346 banking offices and 4,621 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-                             11/09/2004
    /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; Sandler O'Neill & Partners, L.P. 2004 Financial Services
ST:  Minnesota, Florida

-- CGTU066 --
7075 11/09/2004 16:00 EST 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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