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U.S. Bancorp to Present at the Lehman Brothers 2005 Financial Services Conference

MINNEAPOLIS--(BUSINESS WIRE)--Sept. 9, 2005--U.S. Bancorp (NYSE:USB) announced today that Jerry A. Grundhofer, chairman and chief executive officer, is scheduled to be the keynote lunch speaker at the Lehman Brothers 2005 Financial Services Conference. The presentation will begin at approximately 11:55 a.m. EDT on Tuesday, September 13, 2005, at The Hilton New York in New York City. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.

A live audio-webcast of the presentation will be available through U.S. Bancorp's website at usbank.com. In addition, a 30 minute break-out question and answer session will be held immediately following the formal presentation. The break-out session will also be included in the live audio-webcast. To access the webcast and slides used in the presentation, go to U.S. Bancorp's website and click on "Investor/Shareholder Information" and then "Webcasts and Presentations," under the Investor Information section. Individuals without Internet access may request a copy of the slide presentation on Tuesday by calling 612-303-0781. A replay of the webcast will be available within 24 hours at the same location on the website for 90 days.

Minneapolis-based U.S. Bancorp, 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, 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
Judith T. Murphy, 612-303-0783
or
Public 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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