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

RENO, Nev., Nov 14, 2003 (BUSINESS WIRE) -- (NYSE:USB)

Five Reno area organizations recently received grants from the U.S. Bancorp Foundation.

The grants, totaling $41,000, were awarded to:

-- Bruka Theatre of the Sierra to support operational expenses;

--  Nevada Museum of Art to support the 2004 Scholastic Art Awards
    program;

-- Reno Philharmonic to support operational expenses;

-- The Theater Coalition to provide operational support;

--  Truckee Meadows Community College to support the U.S. Bank Book
    Scholarship program.

"These organizations enrich our quality of life in the Reno area," said Ken Ladd, regional president of U.S. Bank. "The educational, economic opportunity and civic services they provide benefit us all. U.S. Bank is grateful for the opportunity to help these organizations make Reno such a great place to live and work."

U.S. Bancorp, with assets of $189 billion, 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. 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
                  Karen Greenwood, 612-303-0731

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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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