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U.S. Bank Establishes Tsunami Relief Fund

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 29, 2004--U.S. Bank has established a "Tsunami Relief Fund" for people who want to contribute to relief efforts in the aftermath of the devastating and deadly disaster in South Asia. Contributions can be made at any of U.S. Bank's 2,346 locations, which can be found online at usbank.com or by calling 1-800-USBANKS. Current U.S. Bank customers can also make donations via phone by calling 1-800-USBANKS and speaking with a customer service representative. Donations to the fund will be forwarded to the American Red Cross International Response Fund.

With this being one of the world's largest natural disasters involving human tragedies, U.S. Bank is making the process of giving easier for those who wish to help in this humanitarian effort. When catastrophic events of this type occur people often look for ways to help and U.S. Bank is trying to accommodate this compassion. U.S. Bank will maintain this relief fund until January 31, 2005.

U.S. Bancorp (NYSE:USB), with $193 billion in assets, is the 6th largest bank holding company in the United States. The company operates 2,346 banking offices and 4,621 ATMs in 24 states, 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 home of the Five Star Service Guarantee in which the company pays customers if certain key banking benefits and services are not met. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

    CONTACT: U.S. Bank
             Steve Dale, 612-303-0784
             Teri Charest, 612-303-0732

    SOURCE: U.S. Bancorp
"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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