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U.S. Bancorp Makes Barron's Survey of the Most Respected Corporations

MINNEAPOLIS, Sep 16, 2005 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB) was ranked as the second most respected banking company in the United States and the 50th most respected company in world, according to a recent survey of institutional investors published in the September 12 edition of Barron's.

The survey ranked the world's 100 largest companies by market capitalization. Six U.S. banking corporations made the list, with only Wells Fargo and U.S. Bancorp cracking the top 50 ranking. Other U.S. banks to make the list included Wachovia, Bank of America, Citigroup and JPMorgan Chase.

The publication noted that respondents to the survey overwhelmingly cited strong management and business strategy as the two most important criteria for ranking corporations on the list. Other criteria included competitive edge, consistent sales and profit growth, ethical business practices and product innovation.

The Barron's article entitled "Real Asset," written by Michael Santoli, said, "It doesn't show up on balance sheets or earnings statements, but the respect paid to corporations--or the lack thereof--can translate into returns for their investors." He went on to write, "For large companies, respect must be earned over decades, but it can be lost in an instant."

The ranking by Barron's comes on the heels of U.S. Bancorp being 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.

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 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.

SOURCE: U.S. Bancorp

U.S. Bancorp
Steve Dale

"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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