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Three U.S. Bancorp Reps Named to ``50 Most Valuable Players'' List in December 2005 ``Bank Investment Consultant''

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 8, 2005--Art Davis, James "Rusty" Riley and Mark Joyner, all financial consultants with U.S. Bancorp Investments and Insurance, have been named to the 2005 list of "50 Most Valuable Players" by "Bank Investment Consultant".

"Our business begins with great service, and there's no question that Art, Rusty and Mark represent the best in client service and guidance," said Steven Short, executive vice president and head of U.S. Bancorp Investments, Inc. and U.S. Bancorp Insurance Services, LLC. "Our financial consultants are clearly the reason we are earning the right to be the preferred provider of investment and insurance solutions for every client."

Davis, based in Kansas City, ranked fourth. He oversees portfolios for approximately 1,700 clients with $85 million in deposits. He has been in the investments arena for 15 years, 10 of which have been with U.S. Bancorp. The magazine highlighted the lengths to which Davis will go to support his clients, including witnessing the second marriage of an 85-year-old client and comforting the spouse at the funeral of a 97-year-old client of 10 years.

Riley, based in Lexington, Ky., ranked 17th. Riley has made a significant impact in just five years with U.S. Bancorp. He oversees a portfolio of 2,200 clients with deposits of $150 million. He is credited for his ability to create trusting relationships with his clients, and his belief in providing full service regardless of the size or complexity of his clients' needs. Riley has worked in the investment industry for 16 years.

Joyner, based in Paducah, Ky., ranked 40th. Seven of his eight years in the investments business has been with U.S. Bancorp. He oversees portfolios for 1,400 clients with $250 million in deposits. Joiner is credited for his ability to partner with commercial and business bankers to provide cross referrals and full financial service introductions.

About "Bank Investment Consultant"

Bank Investment Consultant, a SourceMedia publication, is the industry's leading magazine for financial advisers and senior sales management in bank investment programs--one of the fastest growing areas of the financial services industry. Every month, over 26,000 readers turn to Bank Investment Consultant for trusted information they can use to increase sales, build effective client relationships, and increase their business. For more information, visit www.bic-magazine.com.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB), 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 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 www.usbank.com.

Investment products and services are available through U.S. Bancorp Investments, Inc., member NASD and SIPC, an investment advisor and a brokerage subsidiary of U.S. Bancorp.

Insurance products, including annuities, are available through U.S. Bancorp Insurance Services, LLC, U.S. Bancorp Investments, Inc., in Montana U.S. Bancorp Insurance Services of Montana, Inc., and in Wyoming U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp. Policies are underwritten by unaffiliated insurance companies and may not be available in all states. CA Agency Number OD085898.

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Not a Deposit    Not FDIC Insured    Not Guaranteed by the Bank
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May Lose Value   Not Insured by Any Federal Government Agency
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CONTACT: U.S. Bancorp
Teri Charest, 612-303-0732

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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