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U.S. Bancorp to Present at the UBS 2007 Global Financial Services Conference

MINNEAPOLIS--(BUSINESS WIRE)--May 10, 2007--U.S. Bancorp (NYSE:USB) announced today that Richard K. Davis, president and CEO, is scheduled to present at the UBS 2007 Global Financial Services Conference. The presentation will begin at 11:00 a.m. (EDT) on Tuesday, May 15, 2007, at The Pierre Hotel, New York City, NY. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.

A live audio-webcast of the presentation will be available through U.S. Bancorp's website at usbank.com. To access the webcast and slides used in the presentation, go to U.S. Bancorp's website and click on "About U.S. Bancorp" and then "Investor/Shareholder Information". The links to the webcast and slides will be found in the "Webcasts and Presentations" section. Individuals without Internet access may request a copy of the slide presentation on Tuesday by calling 612-303-0781. A replay of the webcasts will begin approximately 3 hours after the live presentation time and will be available until June 14, 2007, at the same location on the website.

Minneapolis-based U.S. Bancorp, with $221 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,498 banking offices and 4,837 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.


    CONTACT: U.S. Bancorp
             Investor Relations
             Judith T. Murphy, 612-303-0783
             or
             Public 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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