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U.S. Bank Announces Storm Damage Assistance Program

MADISON, WI., Aug. 25, 2005 – U.S. Bank has established a special financial assistance program to aid residents and businesses suffering damages from the recent severe weather in South Central Wisconsin. The storm damage assistance program will include reduced rate auto, personal and small business loans.

Additionally, U.S. Bank has set up a special account to collect funds for the American Red Cross Badger Chapter Local Disaster Fund. Those who would like to contribute to the tornado victims can do so by stopping by any U.S. Bank branch in Wisconsin or calling 1-800-USBANKS (1-800-872-2657).

Melissa Barker, retail division manager of U.S. Bank in Southern Wisconsin, said, "As the debris is being cleared away, the next question that comes up is, ‘how am I going to pay for a replacement car or to repair my house until my insurance or federal funds are available?' We want people to know that we are here to lend a hand during this unfortunate time and that they can turn to us for help.”

U.S. Bank's storm damage assistance program is for any consumer or small business affected by the storm in South Central Wisconsin and includes personal loans available at a reduced rate. Also, U.S. Bank's home equity loans at a reduced rate, with no closing cost. Additionally, U.S. Bank will offer special loans for repairs or replacement of autos.

To benefit from this special U.S. Bank storm damage assistance program, interested individuals or small businesses should go to any U.S. Bank branch in South Central Wisconsin or call 1-800-872-2657. The storm damage assistance program will begin today, August 23, and run through October 1, 2005.

U.S. Bank will employ its standard credit qualification procedures for all loan requests in the storm damage assistance program. To participate in the storm damage assistance program consumers or small business owners should have proof of damage, such as insurance forms, estimates of repair costs or other documentation.

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, 21 in Southern Wisconsin and nine in the Madison area, 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:
Lisa H. Clark
(608) 877-7517

"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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