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U.S. Bancorp Ranked Second in the World in Return on Revenue by Fortune Magazine

MINNEAPOLIS--(BUSINESS WIRE)--July 21, 2005--U.S. Bancorp is ranked as the second best company in the world when it comes to return on revenue, according to the July 25 edition of Fortune magazine. The publication notes U.S. Bancorp had a return on revenue of 28.3 percent based on the company's 2004 profits as a percentage of revenues. The only company with a better return on revenue, according to Fortune, was China Construction Bank with 30.7 percent. The average return on revenue for a company making the prestigious annual Fortune Global 500 ranking was 4.3 percent.

U.S. Bancorp also ranked 420 in the Fortune Global 500 ranking of the largest companies in the world, with revenues of more than $14.7 billion in 2004. The revenues for commercial banks and savings institutions making the Fortune list were based on the sum of interest and noninterest revenues for the past fiscal year.

U.S. Bancorp (NYSE:USB), with $204 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,383 banking offices and 4,877 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. Bancorp
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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