U.S. Bancorp's Chief Executive Officer and
Chief Financial Officer File Sworn Statements

August 13, 2002

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 13, 2002--U.S. Bancorp
(NYSE:USB) today announced that Jerry A. Grundhofer, president and chief executive officer, and David M. Moffett, vice chairman and chief financial officer, have signed and filed with the Securities and Exchange Commission (SEC) sworn statements regarding the accuracy of the company's Form 10-Q for the second quarter of 2002, as required by the Sarbanes-Oxley Act of 2002.

U.S. Bancorp announced last week that Grundhofer and Moffett had filed, pursuant to an SEC order affecting large U.S. public companies, sworn statements relating to the company's 2001 annual report on Form 10-K, its report on Form 10-Q for the first quarter of 2002, its proxy statement for its 2001 annual shareholders' meeting and its Form 8-K filings regarding the company's 2001 earnings press releases.

Minneapolis-based U.S. Bancorp, with assets in excess of $173 billion, is the 8th largest financial services holding company in the United States. The company operates 2,131 banking offices and 4,818 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 home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

--30--CER/se*

CONTACT: U.S. Bancorp

Steve Dale (Media), 612/973-0898

H.D. McCullough (Analysts), 612/973-2261

Judith Murphy (Analysts), 612/973-2264

KEYWORD: MINNESOTA

INDUSTRY KEYWORD: BANKING

SOURCE: U.S. Bancorp

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