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U.S. Bank to Participate in Teach Children to Save Day in Oregon

PORTLAND, Ore., Apr 9, 2003 (BUSINESS WIRE) --

Who:      Tina Foster and Kathy Webb, U.S. Bank
          Randall Edwards, Oregon State Treasurer
          Jeff Rose, Russell Elementary Principal
          Second grade students

What:     Edwards will read "Lucky the Golden Goose," a story about
          saving, to the second grade class and U.S. Bank
          representatives will conduct savings lessons as part of
          National Teach Children to Save Day

When:     Thursday, April 10 at 2 p.m.

Where:    Russell Elementary School - 2700 NE 127th in Portland

More than 100 U.S. Bank representatives will visit schools throughout Oregon as part of National Teach Children to Save Day, a national event sponsored by the American Bankers Association Education Foundation that is designed to teach kids their financial ABCs.

The Teach Children to Save program, now in its seventh year, 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. Teen Research Unlimited in Northbrook, Ill. estimates that teenagers spent $172 billion last year, an average of $104 per week, with little or no money management training.

National Teach Children to Save Day presentations are geared to students in kindergarten through 12th grade. 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 www.usbank.com.

CONTACT:          U.S. Bank
                  Teri Charest, Media Relations, 612/303-0732

URL:              http://www.businesswire.com
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Copyright (C) 2003 Business Wire.  All rights reserved.

SOURCE: U.S. Bank

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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