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U.S. Bancorp to Present at the Morgan Stanley Under the Hood Conference: Battle of the Payments Networks

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 3, 2006--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: Battle of the Payments Networks. The presentation will be held on Wednesday, November 8, 2006, at 12:30 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". A replay of the webcast will be available approximately eight hours after the live presentation on November 8th at the same location on the website for 60 days.

Minneapolis-based U.S. Bancorp, with $217 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,462 banking offices and 4,943 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
Judith T. Murphy, 612-303-0783
Investor Relations
or
Steve Dale, 612-303-0784
Public Relations
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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