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U.S. Bancorp to Present at the Merrill Lynch Banking & Financial Services Investor Conference

MINNEAPOLIS, Nov. 11 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) announced today that Jerry A. Grundhofer, chairman and chief executive officer, is scheduled to present at the Merrill Lynch Banking & Financial Services Investor Conference. The presentation will be held on Monday, November 15, 2004, at 12:10 p.m. (EST) at The St. Regis Hotel in New York City, NY. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.

A live audio-webcast of the presentation will be available through U.S. Bancorp's website at http://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. Individuals without Internet access may request a copy of the slide presentation on Monday by calling 612-303-0781. A replay of the webcast will be available within 24 hours at the same location on the website for 14 days.

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-                             11/11/2004
    /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
ST:  Minnesota
IN:  FIN INS
SU:  CCA

JL-AM 
-- CGTH004A --
0655 11/11/2004 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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