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U.S. Bancorp Fourth Quarter Earnings Release and Conference Call Set for Tuesday, January 18, 2005

MINNEAPOLIS, Jan. 3 /PRNewswire-FirstCall/ -- U.S. Bancorp (NYSE: USB) will release its fourth quarter 2004 earnings results before the market opens on Tuesday, January 18, 2005. At 1:00 p.m. (CST) Jerry A. Grundhofer, chairman and chief executive officer, and David Moffett, vice chairman and chief financial officer, will host a conference call to review the financial results. The conference call will be available by telephone or on the Internet.

Via telephone:

To access the conference call, please dial 877-707-9628 and ask for the U.S. Bancorp earnings conference call. Participants calling from outside the United States, please dial 785-832-1508.

For those unable to participate during the live call, a recording of the call will be available approximately one hour after the conference call ends on Tuesday, January 18th, and will run through Tuesday, January 25th, at 11:00 p.m. (CST). To access the recorded message dial 800-839-8389. If calling from outside the United States, please dial 402-271-9156 to access the recording.

    Via Internet:

Minneapolis-based U.S. Bancorp ("USB"), 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 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 the parent company of U.S. Bank. Visit U.S. Bancorp on the web at http://usbank.com .

SOURCE  U.S. Bancorp
    -0-                             01/03/2005
    /CONTACT:  H. D. McCullough, Investor Relations, +1-612-303-0786, or
Judith T. Murphy, Investor Relations, +1-612-303-0783, or Steve Dale, Media
Relations, +1-612-303-0784, all for U.S. Bancorp/
    /Company News On-Call:  http://www.prnewswire.com/comp/312402.html /
    /Web site:  http://www.usbank.com /

CO:  U.S. Bancorp
ST:  Minnesota, New York

-- CGM036 --
1015 01/03/2005 16:07 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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