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Thirteen Utah Community Groups Receive Grants from U.S. Bancorp Foundation

SALT LAKE CITY, Jan 5, 2004 (BUSINESS WIRE) -- Thirteen nonprofit organizations in Utah were recently awarded more than $42,000 in grants by the U.S. Bancorp (NYSE:USB) Foundation. Damon Miller, president of U.S. Bank in Utah, announced the grants for artistic and cultural enrichment, economic opportunity, K-12 education and United Way.

"U.S. Bank is glad to help these groups which provide vital programs and services which make Utah a stronger and healthier community," said Miller.

    U.S. Bank awarded grants to the following nonprofits:

    --  Draper Historic Theatre - to assist with general operating
        expenses;

    --  Ogden City School District - to help fund its after school
        program;

    --  Salt Lake Neighboring Housing Services - to support its
        affordable housing projects;

    --  SCORE - to help cover general operating expenses;

    --  Scottish Rite Children's Learning Center - for its Opening
        Doors program;

    --  Thanksgiving Point - to help finance the Fork to Farm project;

    --  United Way of Davis County - for its annual campaign;

    --  United Way of Dixie - to support the annual campaign;

    --  United Way of Northern Utah - for the annual campaign;

    --  United Way of Salt Lake - to assist with its annual campaign;

    --  United Way of Utah County - to support the annual campaign;

    --  Women's Business Center - to help with general operating
        expenses; and

    --  YMCA - for its Study Buddies Math Club.

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 usbank.com.

SOURCE: U.S. Bancorp

CONTACT:          U.S. Bancorp
                  Amy Frantti, 612-303-0733
                  amy.frantti@usbank.com

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Copyright (C) 2004 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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