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U.S. Bancorp Foundation Awards Grants to 10 San Diego Organizations

SAN DIEGO, Jun 17, 2003 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)

Ten San Diego area organizations recently received grants from U.S. Bank through the U.S. Bancorp Foundation. The grants were made in the Arts and Culture funding category. Arts and Culture grants are given to organizations that build audiences for the arts especially among underserved populations, bring select and limited civic amenities to underserved, rural communities, and promote the arts in education.

The artistic and cultural enrichment grants totaled $73,000. Operating support grants were awarded to City Ballet, Mingei International Museum, San Diego Institute for Art Education, the Vista Foundation/Moonlight Amphitheater, and the San Diego Opera. Program grants were awarded to the North Coast Repertory Theatre to support the Theatre School outreach education program, San Diego Museum of Art's Artist in Residence Program, San Diego Natural History Museum's K-12 audience development program, the San Diego Symphony "The Next Movement" educational outreach program, and the Young People's Education Programs at The Globe Theatres.

U.S. Bancorp, with assets in excess of $182 billion, is the 8th largest financial services holding company in the United States. The company operates 2,200 banking offices and 4,582 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

SOURCE: U.S. Bancorp

CONTACT:          U.S. Bancorp
                  Erica Opstad, Community Development, 858/720-7128
                  Teri Charest, Media Relations, 612/303-0732

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SOURCE: U.S. Bancorp

"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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