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U.S. Bancorp to Present at the Morgan Stanley Under the Hood Conference: The Future of the Payments Industry

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 2, 2005--U.S. Bancorp (NYSE:USB) announced today that Pamela Joseph, vice chairman of U.S. Bancorp and chief executive officer of NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp, is scheduled to present at the Morgan Stanley Under the Hood Conference: The Future of the Payments Industry - Evolution, Revolution, and Devolution. The presentation will be held on Tuesday, December 6, 2005, at 1:15 p.m. (EST) at Morgan Stanley's headquarters in New York City, NY.

A live audio-webcast of the presentation will be available through U.S. Bancorp's website at usbank.com. To access the webcast and handouts used in the presentation, go to U.S. Bancorp's website and click on "About U.S. Bancorp" and then "Investor/Shareholder Information". The webcast link can be found under "Webcasts and Presentations". Individuals without Internet access may request a copy of the handout on Tuesday by calling 612-303-0781. A replay of the webcast will be available approximately eight hours after the live presentation on December 6th at the same location on the website for 60 days.

Minneapolis-based U.S. Bancorp, with $207 billion in assets, 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 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
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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