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Cuyahoga County Residents Will Be Able to Pay Taxes Online Through U.S. Bank E-Payment Service

CLEVELAND, Jan 6, 2004 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)

U.S. Bank and the Cuyahoga County treasurer's office have partnered to provide the residents of Cuyahoga County a more convenient method for making County payments. The system allows real estate tax payments to be made via the Internet to Jim Rokakis, Cuyahoga County treasurer.

Using the U.S. Bank E-Payment Service, residents of Cuyahoga County, Ohio can pay their real estate property taxes online directly through the Cuyahoga County Web site at www.cuyahoga.oh.us. U.S. Bank has served as the custodian of securities in the Cuyahoga County portfolio for the past four years.

"We have enjoyed a successful relationship with U.S. Bank for more than four years and are very excited about our expanded partnership," said Rokakis. "The E-Payment Service is one more way the treasurer's office is making it more convenient for the residents of our county to make their payments to us."

After receiving and reviewing their bills, residents will have the ability to sign onto the Cuyahoga County Web site and select a 'payment' option. Residents will then provide specific information about the type of payment they are making and submit their payment direct to the County electronically, without the need to write a check and mail it to the county offices. This electronic payment option is all done in a safe, secure Internet environment, and without the need to leave their homes.

According to Caren Galloway, vice president and regional manager for U.S. Bank Government Banking, "The U.S. Bank E-Payment Service is a one of the newest forms of electronic payment applications available to business organizations. The decision by Cuyahoga County to employ this program, and the efficiencies that it creates for the county, signifies a win-win for both the county and its residents."

U.S. Bancorp (NYSE:USB) 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 www.usbank.com.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Karen Greenwood, 612-303-0731

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Copyright (C) 2004 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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