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U.S. Bancorp Second Quarter Earnings Release and Conference Call Set for Tuesday, July 19, 2005

MINNEAPOLIS--(BUSINESS WIRE)--July 12, 2005--U.S. Bancorp (NYSE:USB) will release its second quarter 2005 earnings results on Tuesday, July 19, 2005. At 7:00 a.m. (CDT) 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 800-540-0559 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, July 19th, and will run through Tuesday, July 26th, at 11:00 p.m. (CDT). To access the recorded message dial 888-274-8331. If calling from outside the United States, please dial 402-220-7332 to access the recording.

Via Internet:

usbank.com

Minneapolis-based U.S. Bancorp ("USB"), with $198 billion in assets, is the 6th largest financial services holding company in the United States. The company operates 2,377 banking offices and 4,654 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 usbank.com.

CONTACT: U.S. Bancorp
Investor Relations - H. D. McCullough, 612-303-0786
Investor Relations - Judith T. Murphy, 612-303-0783
Media Relations - Steve Dale, 612-303-0784

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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