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Eight U.S. Bancorp Investments, Inc. Financial Consultants Named Among ''Top 50 Bank Reps'' by Bank Investment Consultant

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 18, 2006--Eight financial consultants with U.S. Bancorp Investments, Inc., (USBI) are named among the 7th annual "Top 50 Bank Reps" by Bank Investment Consultant, a trade publication for investment consultants and senior sales management in bank investment programs.

USBI financial consultants who ranked among the Top 50 Bank Reps are:

#2   Jennifer Lovett - Oshkosh, Wisconsin
#4   Andrew Lees and Honnie Arnold - Nashville, Tennessee
#11  Annie O'Hara - San Francisco
#17  Jill Andrews - Northern Idaho
#20  Patrick Harrigan - Covington, Kentucky
#36  Casey Sears - Redmond, Washington
#37  Brad Kudick - Milwaukee

"Often, what separates the good from the great is strength of character," wrote Howard Stock, in his editor's letter in Bank Investment Consultant. "This is what turns a salesperson into a consultant, someone a client can turn to for help without worrying that they will be sold a product they neither want nor need...our Top 50 Reps have gotten where they are by being the trusted advisors the investing public is crying out for."

"The recognition by Bank Investment Consultant illustrates the fact that our financial consultants rate in the very top of the nation," said Dan McCormack, senior vice president of USBI. "This ranking isn't just about sales and revenue - it recognizes those financial consultants who go the extra mile to help their clients receive the quality service and products to help them meet their financial goals."

U.S. Bancorp Investments, Inc. the branch-based brokerage subsidiary of U.S. Bancorp, has financial professionals available to serve more than 2,300 U.S. Bank branches across the country. Financial consultants are trained to recommend specific investment strategies for clients, including retirement planning, college planning, estate planning, and asset allocation guidance. In addition, all full-service brokerage clients can utilize flexible options offered by the U.S. Bancorp Investments, Inc. website, such as easy access to account information, history, current balances, and real-time stock quotes. Experienced investors can enjoy the ease and convenience of managing their own portfolios with U.S. Bancorp Investments, Inc. Discount Brokerage.

U.S. Bancorp (NYSE:USB), with assets of $217 billion, 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.

Investment products and services are available through U.S. Bancorp Investments, Inc., member NASD and SIPC, an investment advisor and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products, including annuities, are available through U.S. Bancorp Insurance Services, LLC, U.S. Bancorp Investments, Inc., in Montana U.S. Bancorp Insurance Services of Montana, Inc., and in Wyoming U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U. S. Bank.

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Not a Deposit     Not FDIC Insured         Not Guaranteed by the Bank
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May Lose Value    Not Insured by Any Federal Government Agency
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    CONTACT: U.S. Bancorp
             Media Relations
             Amy Frantti, 612-303-0733

    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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