US BANCORP \DE\

Forward-Looking Statements The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This report contains forward-looking statements about U.S. Bancorp ( U.S. Bancorp or the Company ). Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and assumptions and estimates made by, management as of the date hereof. These forward-looking statements cover, among other things, future economic conditions and the anticipated future revenue, expenses, financial condition, asset quality, capital and liquidity levels, plans, prospects, targets, initiatives and operations of U.S. Bancorp. Forward-looking statements often use words such as anticipates, targets, expects, hopes, estimates, projects, forecasts, intends, plans, goals, believes, continue and other similar expressions or future or conditional verbs such as will, may, might, should, would and could. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those set forth in forward-looking statements, including the following risks and uncertainties: Deterioration in general business, political and economic conditions or turbulence in domestic or global financial markets, which could adversely affect U.S.