MINNEAPOLIS--(BUSINESS WIRE)--Dec. 4, 2006--U.S. Bancorp
(NYSE:USB) announced today that notice of redemption was provided to
the holders of USB Capital IV 7.35% Trust Preferred Securities (CUSIP
90334V-208) and USB Capital V 7.25% Trust Preferred Securities (CUSIP
90335U-209) (collectively, the "Securities"). The Securities will be
redeemed in full at a redemption price of 100% of the principal amount
plus accrued and unpaid interest. On and after December 28, 2006,
interest on the Securities will no longer accrue, and all rights of
the holders of the Securities, except the right to receive the
redemption price plus interest accrued and unpaid to the redemption
date, will cease. Payment will be made to holders of the Securities on
December 28, 2006, only upon presentation and surrender of the
Securities to Mellon Investor Services for cancellation.
U.S. Bancorp (NYSE:USB), with $217 billion in assets, is the 6th
largest financial holding company in the United States. The company
operates 2,467 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 www.usbank.com.
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judy Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp