U.S. Bancorp Lowers Prime Lending Rate

U.S. Bancorp (NYSE:USB) announced it will lower its prime lending rate to 7.75 percent from 8.25 percent, effective after the close of business today, September 18, 2007, at all U.S. Bank locations. U.S. Bancorp last announced a change in its prime lending rate on June 29, 2006, when it was increased 25 basis points to 8.25 percent. U.S. Bancorp, with assets of $223 billion, is the 6th largest commercial bank in the United States. The company operates 2,499 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.