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U.S. Bank Corporate Payment Systems' PowerTrack Delivers Assistance to Military Families

MINNEAPOLIS, Nov 6, 2003 (BUSINESS WIRE) -- Since 9/11, many members of the National Guard and Reserve Forces have been called to active duty, and the need to provide assistance for their families is greater than ever. In response, the PowerTrack(R) group from U.S. Bank Corporate Payment Systems, is proud to announce that it will join forces with the Sponsor-a-Family program, which is dedicated to easing the burden on military families throughout Minnesota by donating 100 percent of all contributions received to military families, regardless of political or religious affiliations.

The Sponsor-a-Family program offers military families assistance in numerous ways, which includes providing help with home repairs, gift certificates to purchase food and other household items, clothing and even a "wish list" for children who might otherwise not receive gifts this holiday season.

"At U.S. Bank we take our community involvement seriously, and we want to do our share in this time of need," said Richard Langer, senior vice president and general manager of PowerTrack. "As a citizen-soldier myself, I understand how important this program is to military families, and this is our opportunity to say thank you for the sacrifices they are making on behalf of us all."

When the men and women of the armed forces are called to action, they not only protect our country, they also severely disrupt their lives. They are forced to leave family, friends and jobs and many suffer both financial and family hardships. It is estimated that more than 7,000 Minnesotans are currently serving overseas, and some 10 percent of those qualify for assistance because their income has dropped below poverty levels.

If you would like to provide assistance or learn more about the Sponsor-a-Family program, please call (612) 664-8595 in Minneapolis, (800) 285-3014 in St. Paul or go online to governor.state.mn.us/flmain1.asp and read about Minnesota's Military Family Care Initiative.

PowerTrack is a patented, electronic, business-to-business payment platform from U.S. Bank Corporate Payment Systems, a division of U.S. Bancorp (NYSE:USB). With assets in excess of $189 billion, U.S. Bancorp is the 8th largest financial services holding company in the United States. The company operates 2,201 banking offices and 4,506 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.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Dan Endy, 612-973-6901 (Corporate Payment Systems)
                  dan.endy@usbank.com
                  or
                  Karen Greenwood, 612-303-0731 (Media Relations)
                  karen.greenwood1@usbank.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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