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U.S. Bancorp to Present at the UBS 2006 Global Financial Services Conference

MINNEAPOLIS--(BUSINESS WIRE)--May 10, 2006--U.S. Bancorp (NYSE:USB) announced today that Jerry A. Grundhofer, chairman and CEO, is scheduled to present at the UBS 2006 Global Financial Services Conference. The presentation will begin at 11:00 a.m. (EDT) on Monday, May 15, 2006, at the Grand Hyatt New York, New York City, NY. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.

A live audio-webcast of the presentation will be available through U.S. Bancorp's website at usbank.com. In addition, an audio-webcast of the 30 minute break-out question and answer session that follows the formal presentation will also be available through the Company's website. To access the webcasts and slides used in the presentation, go to U.S. Bancorp's website and click on "About U.S. Bancorp" and then "Investor/Shareholder Information". The link to the webcasts and slides will be found in the "Webcasts and Presentations" section. Individuals without Internet access may request a copy of the slide presentation on Monday by calling 612-303-0781. A replay of the webcasts will begin 3 hours after the live presentation time and will be available until June 19, 2006, at the same location on the website.

Minneapolis-based U.S. Bancorp, with $210 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,430 banking offices and 4,941 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
OR
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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