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ADVISORY/U.S. Bank Hosts Frank Abagnale, White-Collar Crime Expert, on Wednesday, May 5 from 8:30 - 10:30 A.M. at Hilton Milwaukee City Center

MILWAUKEE, May 3, 2004 (BUSINESS WIRE) -- As the technology for counterfeit checks becomes increasingly sophisticated, more and more businesses are dealing with the reality of check fraud. To address this issue with its customers, U.S. Bank will host world-famous white-collar crime expert Frank Abagnale, who will make a presentation on check fraud prevention on Wednesday, May 5 from 8:30 a.m. until 10:30 a.m. at the Hilton Milwaukee City Center at 509 West Wisconsin Avenue, in the Crystal Ballroom on the 5th Floor. Registration and continental breakfast will be served beginning at 7:30 a.m.

"U.S. Bank is pleased to bring Frank Abagnale to Milwaukee," said Andy Randall, U.S. Bank Wisconsin president. "This is one of the value-added approaches the bank is using to help our clients. Attendees will find the information useful in helping them protect their organization from fraud."

The presentation will provide invited guests with the latest information on how to protect their institutions and corporations from forgery and check fraud. Topics will include:

    --  current trends and statistics for check fraud;

    --  new counterfeiting technologies and forgery methods;

    --  potential liability for companies under the Revision to the
        Uniform Commercial Code 3-406;

    --  strategies and techniques for securing company documents;

    --  recognizing forged checks at point of sale;

    --  concerns of identity theft; and

    --  treasury management products that can help you reduce check
        fraud losses.

Abagnale is one of the world's leading authorities on check fraud who has consulted with hundreds of financial institutions and corporations for the past 25 years on white-collar crime.

Abagnale's rare blend of inside information and expertise began with his own personal experiences. Apprehended by French police when he was 21 years old, Abagnale had already cashed more than $2.5 million in counterfeit checks. His autobiography, titled "Catch Me If You Can," reached the top 10 best seller list of Time Magazine and The New York Times within two weeks. DreamWorks Entertainment released the motion picture of Abagnale's autobiography last year.

U.S. Bancorp (NYSE:USB), with assets of $192 billion, is the 7th largest financial services holding company in the United States. The company operates 2,275 banking offices and 4,472 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.

Media note: This is an invitation only event that media are welcome to attend. We ask that you reserve a seat by calling (608) 877-7517. Frank Abagnale will answer questions related to his presentation.


CONTACT:          U.S. Bank Media Relations
                  Lisa Clark, 608-877-7517
                  888-437-8620 pager

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"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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