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U.S. Bancorp Second Quarter Earnings Release Set for Tuesday, July 18, 2006

MINNEAPOLIS--(BUSINESS WIRE)--July 7, 2006--U.S. Bancorp (NYSE:USB) will release its second quarter 2006 earnings before the market opens on Tuesday, July 18, 2006. Jerry A. Grundhofer, chairman and chief executive officer, and David M. Moffett, vice chairman and chief financial officer, will review the results in a pre-recorded call. The call will be available by telephone or on the Internet.

Via telephone:

The pre-recorded call will be available from approximately 7:00 am (CDT) on Tuesday, July 18th through Tuesday, July 25th at 11:00 pm (CDT). To access the recorded call, please dial 800-727-1367. Participants calling from outside the United States, please dial 402-220-2669.

Via Internet:

www.usbank.com

Minneapolis-based U.S. Bancorp ("USB"), 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
Media 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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