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U.S. Bancorp President and Chief Executive Officer to Chair Community Build Day 2007

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 29, 2007--Richard Davis, president and chief executive officer of U.S. Bancorp (NYSE:USB), the parent company of U.S. Bank, has been named chairman of Community Build Day 2007, a marquee event by The Financial Services Roundtable, a trade association of 100 of the largest integrated financial services companies in the United States.

"The Roundtable is thrilled that Richard is taking over as chairman for Community Build Day this year," said Steve Bartlett, president and chief executive officer of The Roundtable. "Last year we had 120 builds across the United States and I know Richard will take this initiative to the next level. Community Build Day is the ultimate win-win-win situation. Our members build their communities every day, and this initiative illustrates these contributions in a tangible way for people who need a helping hand."

"Companies in the financial services industry historically have been pillars of the community, contributing generously year after year to nonprofit organizations that make our cities better places to live and work. Equally important to the industry's legacy of giving is its constant drive to give more, and give better, which is what has inspired the leaders of the Roundtable to make Community Build Day a successful event that grows year after year," said Davis.

Community Build Day embraces the good work that is already taking place in cities across the country, and inspires new projects in new places and with new participants and beneficiaries. The Roundtable recognizes work throughout the month of August, with special events recognizing the sixth annual Community Build Day on August 4, 2007.

True to the spirit of building, companies and employees volunteer to build their communities, socially or physically, through a variety of different activities from actual building projects to food drives to a walking or running event for a good cause.

In 2006, 46 companies participated in Community Build Day with 120 events in 50 states raising nearly $1 million for the nonprofit partners of Community Build Day. Approximately 5,000 volunteers participated in projects that made an impact on 2,000 families, 14,700 individuals and 25,000 school children. More than five million people were made aware of the benefits of Community Build Day through news media coverage. To learn more about Community Build Day and how organizations may participate, visit www.fsround.org.

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the chief executive officer and other senior executives nominated by the CEO. Roundtable member companies provide fuel for America's economic engine, accounting directly for $50.5 trillion in managed assets, $1.1 trillion in revenue, and 2.4 million jobs.

U.S. Bancorp, with assets of $219 billion, is the 6th largest financial holding company in the United States. The company operates 2,472 banking offices and 4,841 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, 612-303-0784
             OR
             The Roundtable
             Gina Maffei, 202-589-2427

    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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