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U.S. Bancorp Foundation Awards Grants to Seventeen Reno Area Organizations

RENO, Nev., Aug 4, 2003 (BUSINESS WIRE) -- Seventeen Reno area organizations recently received grants from the U.S. Bancorp Foundation.

    The grants, totaling $88,550 were awarded to:

    --  Affordable Housing Resource Council to support operational
        expenses;

    --  Nevada Museum of Art to support the Scholastic Art Awards;

    --  Nevada Humanities Council to support the Young Chautauqua
        program;

    --  Reno Film Festival to provide operational support;

    --  VSA Arts of Nevada to support VSA programming;

    --  Desert Research Institute to support the capital campaign;

    --  Children's Museum of Northern Nevada to support the Moneyville
        exhibit;

    --  United Way of Northern Nevada and the Sierra to support the
        annual United Way campaign;

    --  Citizens for Affordable Homes to support the Disabled
        Assistance Program and Rental Assistance Program;

    --  Association of Fundraising Professionals (AFP) to provide
        operational support for Philanthropy Day;

    --  Sierra Philharmonic League to support the Pops in the Park
        program;

    --  Pioneer Center for the Performing Arts to support youth
        programs;

    --  Churchill Arts Council to support operational expenses;

    --  Big Brothers, Big Sisters of Nevada to support operational
        expenses;

    --  Education Collaborative to support the Agnes Risley Elementary
        School partner in education program;

    --  Nevada Opera Association to support the "Viva Kids!" program;
        and

    --  KNPB Channel 5 Public Broadcasting to support "News Hour with
        Jim Lehrer" and the "TeacherLine."

U.S. Bancorp (NYSE:USB), 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
                  Karen Greenwood, 612-303-0731

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

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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