MINNEAPOLIS, Apr 8, 2003 (BUSINESS WIRE) -- Children in classrooms will learn a
lesson in saving from U.S. Bank on Thurs., April 10 as part of National Teach
Children to Save Day, a nationwide event sponsored by the American Bankers
Association Education Foundation (ABAEF) geared to teach kids their financial
ABCs. More than 250 U.S. Bank employees across most of the bank's 24-state
footprint will visit schools in their communities.
In addition, a classroom of fifth graders from the Jeffco School District in the
Denver area will tour the Federal Reserve branch bank in Denver and learn about
currency, checks and more. U.S. Bank will also visit with the students at the
Federal Reserve branch bank in Denver about saving money and money management.
A number of U.S. Bank's business lines are participating, including: retail,
cash vault services, government banking, private banking, treasury management,
technology and support, investments and insurance, trust accounting, home
mortgage, human resources, information delivery systems, legal, and the U.S.
U.S. Bank joins banks across the nation that are participating in the classroom
event, which is in its seventh year. The Teach Children to Save program was
created to address the growing financial literacy problem in America. According
to the Jump$tart Coalition for Personal Financial Literacy in Washington, D.C.,
more than 85 percent of students do not have access to personal finance
education in schools. Also, according to Teen Research Unlimited in Northbrook,
Ill., teenagers spent $172 billion last year, an average of $104 per week. This
spending comes with little or no money management training, says Lynda L. Glass,
chairman of the ABAEF and senior vice president, banking services, Adams County
National Bank in Gettysburg, Pa.
National Teach Children to Save Day presentations are made to students in
kindergarten through 12th grade nationwide. U.S. Bank employees will cover
topics such as budgeting, the difference between needs and wants, why it's
important to save for emergencies and how interest makes money grow. Students
will have an opportunity to apply concepts and practices through games and other
U.S. Bancorp (NYSE:USB) is the parent company of U.S. Bank. With assets in
excess of $180 billion, U.S. Bancorp is the 8th largest financial services
holding company in the United States. The company operates 2,142 banking offices
and 4,604 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. Visit U.S. Bancorp
on the web at usbank.com.
CONTACT: U.S. Bank Media Relations
Amy Frantti, 612/303-0733
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SOURCE: U.S. Bank