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U.S. Bancorp Fourth Quarter Earnings Release and Live Conference Call Set for Tuesday, January 16, 2007

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 28, 2006--U.S. Bancorp (NYSE:USB) will release its fourth quarter 2006 earnings results before the market opens on Tuesday, January 16, 2007. At 1:00 p.m. (CST) Richard K. Davis, president and chief executive officer, and David Moffett, vice chairman and chief financial officer, will host a conference call to review the financial results. The conference call will be available by telephone or on the Internet.

Via telephone:

To access the conference call, please dial 800-896-8445 and ask for the U.S. Bancorp earnings conference call. Participants calling from outside the United States, please dial 785-830-1916.

For those unable to participate during the live call, a recording of the call will be available approximately one hour after the conference call ends on Tuesday, January 16th, and will run through Tuesday, January 23rd, at 11:00 p.m. (CST). To access the recorded message dial

800-283-4216. If calling from outside the United States, please dial 402-220-9033 to access the recording.

Via Internet:
www.usbank.com

Minneapolis-based U.S. Bancorp ("USB"), 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 in 24 states, 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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