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U.S. Bancorp Selects Faison Office Products as New Supplier

DENVER and MINNEAPOLIS (Nov. 30, 2005) - U.S. Bancorp has negotiated an agreement with Faison Office Products, LLC of Denver to make Faison the company's national office products supplier.

U.S. Bancorp, the parent company of U.S. Bank, has more than 50,000 employees, most of them located within the company's 24-state footprint. Faison Office Products is a full-service, certified minority-owned office supply company with 24 years of experience providing services to large corporations and government agencies nationwide.

Faison's success, hard work and high standard of excellence has been recognized many times. In 1990 it was awarded Supplier of the Year by Minority Enterprises, Inc. In 1992 Faison was selected as the National Supplier of the Year by the National Minority Supplier Development Council. The company was honored in 1995 and 1997 as the Large Business Supplier of the Year by Minority Enterprises, Inc.

"Faison has earned an excellent reputation in the marketplace and has established an impressive history of growth and continuity," said Mark R. Smith, president of U.S. Bank in Denver.

Faison's President and Chief Executive Officer, Jared D. Casey, attributes Faison's success to "Providing value to our customer and being a responsible member of the community." Faison continues to receive a number of awards from their prestigious customer base, such as the Excellence in Service and Support Award in 2002, and the Vendor of the Year award in 2003. Faison was the first office supply dealer in the country to be nationally 8(a) certified by the U.S. Small Business Administration and is a SBA certified Small Disadvantaged Business.

U.S. Bancorp (NYSE: USB), with assets of $207 billion, is the 6th largest financial holding company in the United States. The company operates 2,411 banking offices and 4,999 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 home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

CONTACT: Amy Frantti
U.S. Bancorp Media Relations
(612) 303-0733

"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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