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U.S. BANCORP FOUNDATION AWARDS GRANTS TO PUEBLO, COLORADO COMMUNITY GROUPS
PUEBLO, Colo. (Nov. 1, 2004) — Fourteen community groups in the Pueblo, Colorado, area were awarded more than $40,000 in grants by the U.S. Bancorp (NYSE: USB) Foundation. Alice Birch, president of U.S. Bank in Pueblo, announced the affordable housing, artistic and cultural enrichment, education and economic opportunity grants.

“All of these community organizations make life in Pueblo richer and more meaningful,” said Birch. “U.S. Bank is glad to help fund their valuable programs and services.”

U.S. Bank is providing grants to the following nonprofit organizations:
• Boys and Girls Ranch – to provide funding for its education, prevention and recreation programs for at-risk youth at five centers in Pueblo and Otero counties;
• El Pueblo – to support the adolescent treatment community's programs that have a rich tradition of serving youth who have experienced years of abuse and neglect;
• Habitat for Humanity – to assist with funding its affordable housing efforts that uplift families and communities;
• Junior Achievement – to help with its economic education for youth activities;
• Kennedy Center Colorado Connections – to provide funding for its year-round programs that establish partnerships between arts and cultural resources, businesses, libraries and schools for the enrichment of youth;
• Mi Casa Resource Center for Women, Inc. – to support its programs which lead women and youth to the path of self-sufficiency with programs and projects which identify and develop hidden potential;
• Neighborhood Housing Services – to assist with its mission of assisting low to moderate-income families purchase their first home through its financial literacy programs, free inspections of prospective home purchases and post-purchase counseling;
• PCC Small Business Development – to assist this organization which provides no-cost business counseling for people interested about going into business for themselves, people already in business and business people with concerns about regulation and compliance;
• Pueblo Hispanic Education Foundation – to help promote its educational achievement and academic success by providing educational opportunity and access to post-secondary education to Hispanic, other minority and low to moderate-income children;
• Pueblo Zoological Society – to further enhance its educational programs that reach students and families throughout the region;
• Sangre de Cristo Arts – to support its education and performing arts programs, as well as its award-winning children's museum;
• Tri-County Housing – to help fund its programs in Otero, Bent and Crowley counties in Southeast Colorado;
• United Way of Pueblo County – to provide support for its programs that improve the quality of life for Pueblo County citizens; and
• YMCA – to fund the construction of the YMCA Community Campus of Pueblo which will help the group fulfill its missions to strengthening and enriching the development of individuals and families through quality programs and services.

U.S. Bancorp, with assets of $193 billion, is the 6th largest financial services holding company in the United States. The company operates 2,346 banking offices and 4,621 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.

"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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