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U.S. Bank Teaches Thousands of Students How to Save During National Teach Children to Save Day

MINNEAPOLIS--(BUSINESS WIRE)--April 25, 2005--On Tuesday, April 26, hundreds of employees from U.S. Bank will start students on the path to a positive financial future by teaching them their financial ABCs during the ninth annual National Teach Children to Save Day.

Sponsored by the American Bankers Association Education Foundation (ABAEF), National Teach Children to Save Day is a day when thousands of bankers make presentations in schools across the country to students in kindergarten through 12th grade. Last year, some 5,500 bankers connected with nearly 500,000 students in classrooms and afterschool programs to share "real life" lessons about money. These efforts help young people take an important first step in mastering their financial ABCs -- learning how to save.

This year, U.S. Bank employees from a variety of business lines will teach children about money and savings, covering topics such as budgeting, the difference between needs and wants, why it's important to save for emergencies and how interest makes money grow. Students will have an opportunity to apply concepts and practices through games and other hands-on, fun activities.

"Studies show that kids are just not getting the training and education they need to make smart financial decisions as adults," said Donald Ogilvie, president and chief executive officer, American Bankers Association. "No parent would allow their child to set foot in a car without some driver's education, but we rarely equip our sons and daughters with the money skills they need to succeed. On National Teach Children to Save Day, bankers will do their part by getting thousands of kids started on the road to financial responsibility."

U.S. Bancorp (NYSE:USB) is the parent company of U.S. Bank. With assets of $198 billion, U.S. Bancorp is the 6th largest financial holding company in the United States. The company operates 2,377 banking offices and 4,654 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 usbank.com.

Amy Frantti


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