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U.S. Bancorp Foundation Awards Grants to 18 Bay Area Organizations

SAN FRANCISCO, Jul 30, 2003 (BUSINESS WIRE) -- Eighteen San Francisco Bay Area groups recently received grants from U.S. Bank through the U.S. Bancorp Foundation in an amount totaling $154,500.

    The organizations include:

    --  The Garden Project in San Francisco, which offers prisoners
        and parolees the opportunity to develop job skills through
        landscaping and growing plants in a wholesale nursery;

    --  Habitat for Humanity in Peninsula in which U.S. Bank is
        sponsoring a quarter build of a home in the south San
        Francisco area;

    --  Junior Achievement of the Bay Area in San Francisco, where
        funds will be directed to the underserved community of
        Bayview/Hunters' Point;

    --  Children's Council of San Francisco;

    --  Shelter of Contra Costa County;

    --  Chinatown CDC;

    --  Davis Street Community Center for the administration of their
        Individual Development Account (IDA) program (an IDA is opened
        in connection with a nonprofit organization for first-time
        homeownership, small business or education and grants are used
        to match the savings of the individual sometimes up to three
        times what the person has saved);

    --  East Bay Asian Local Development Corporation also for their
        IDA program;

    --  Fremont Symphony Orchestra;

    --  Girl Source in San Francisco;

    --  Businesses United in Investing, Lending and Development in
        Menlo Park;

    --  Kmhmu Catholic Community in Berkeley, which serves a Laotian
        community in San Leandro;

    --  The Machen Center in San Francisco;

    --  Marin Symphony Orchestra in San Rafael;

    --  Boys and Girls Club of San Leandro;

    --  Yerba Buena Center for the Arts;

    --  Contra Costa Interfaith Sponsoring Committee to advocate for
        affordable housing; and

    --  Peoples Community Credit Union is in Oakland.

U.S. Bancorp, with assets of $195 billion, is the 8th largest financial services holding company in the United States. The company operates 2,199 banking offices and 4,575 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 usbank.com.

SOURCE: U.S. Bancorp

CONTACT:          U.S. Bancorp
                  Joyce Keane, 916/924-4672
                  Teri Charest, 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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