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U.S. Bancorp to Present at the Goldman Sachs 15th Annual Bank CEO Conference

MINNEAPOLIS, Dec. 3 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) announced today that Jerry A. Grundhofer, chairman and chief executive officer, is scheduled to present at the Goldman Sachs 15th Annual Bank CEO Conference. The presentation will be held on Tuesday, December 7, 2004, at 2:30 p.m. (EST) at The Pierre 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 usbank.com. To access the webcast and slides used in the presentation, go to U.S. Bancorp's website and click on "About U.S. Bancorp" and then "Investor/Shareholder Information". The webcast link can be found under "Webcasts and Presentations" in the "News and Events" section. Individuals without Internet access may request a copy of the slide presentation on Tuesday by calling 612-303-0781. A replay of the webcast will be available approximately four hours after the live presentation on December 3rd at the same location on the website for 60 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 usbank.com.

SOURCE  U.S. Bancorp
    -0-                             12/03/2004
    /CONTACT:  Judith T. Murphy, Investor Relations, +1-612-303-0783, or H.D.
McCullough, Investor Relations, +1-612-303-0786, or Steve Dale, Public
Relations, +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; Goldman Sachs 15th Annual Bank CEO Conference
ST:  Minnesota, New York
IN:  FIN
SU:  MAV CCA

DL-PF 
-- CLF028 --
0840 12/03/2004 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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