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U.S. Bank Visits Classrooms as Part of National Teach Children to Save Day

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. Bancorp Foundation.

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 hands-on activities.

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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