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U.S. Bank Business Customers Process More Than One Million Transactions with U.S. Bank on-Site Electronic Deposit

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 12, 2005--U.S. Bank business customers have processed more than one million transactions through the bank's remote deposit solution known as U.S. Bank On-Site Electronic Deposit. To date, more than 200 locations use U.S. Bank's On-Site Electronic Deposit to electronically deposit customer checks to the bank from their computers instead of having to make a trip to the bank or sending them through the mail.

"Reaching this milestone solidifies U.S. Bank's position as an industry leader in Check 21 and check conversion technology," states Kristine Oberg, vice president and product development manager for U.S. Bank Treasury Management Services.

Launched in September 2004, U.S. Bank On-Site Electronic Deposit was among the first remote capture solutions marketed to commercial customers that receive checks at one or more locations via a dropbox, the mail, or at a walk-up window. U.S. Bank supplies check scanning machines and software to its commercial customers, enabling them to electronically deposit checks when accepting payments. The checks are scanned on-site by the biller and are then electronically transmitted to U.S. Bank for deposit into their account.

A new set of quality enhancements were recently added to give U.S. Bank business customers the option to automate check data entry using Courtesy Amount Recognition - Legal Amount Recognition ("CAR LAR") technology, deposit to multiple accounts from a single computer workstation, and to expand check settlement and reporting capabilities.

U.S. Bank is a subsidiary of U.S. Bancorp (NYSE: USB). With $207 billion in assets, U.S. Bancorp 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. Visit U.S. Bancorp on the web at www.usbank.com.

CONTACT: U.S. Bank Media Relations
Amy Frantti, 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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