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
CONTACT: U.S. Bank
SOURCE: U.S. Bank