U.S. Bancorp Lowers Prime Lending Rate

U.S. Bancorp (NYSE: USB) announced it will lower its prime lending rate to 6.50 percent from 7.25 percent, effective after the close of business today, January 22, 2008, at all U.S. Bank locations. U.S. Bancorp last announced a change in its prime lending rate on December 11, 2007, when it was decreased 25 basis points to 7.25 percent. U.S. Bancorp, with $238 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,518 banking offices and 4,867 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 www.usbank.com.