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U.S. Bank PowerTrack Supports National Defense Transportation Association Scholarship Fund

MINNEAPOLIS--(BUSINESS WIRE)--Sept. 26, 2005--PowerTrack(R), the online payment network from U.S. Bank, is pleased to support the Academic Scholarship Program for the National Defense Transportation Association (NDTA). The program is designed to help college students working towards undergraduate degrees in transportation, physical distribution or logistics.

"We are thrilled to support NDTA in its efforts to groom future logisticians and transportation professionals," said Kevin Armstrong, senior vice president and general manager for PowerTrack. "By supporting and encouraging our nation's youth to further their education, we are investing in maintaining America's leadership position in the increasingly competitive global marketplace."

Throughout the years, the NDTA Academic Scholarship Program has helped students prepare for careers that support the basic infrastructure of today's business. That infrastructure and financially efficient supply chain control are directly related to the success and profitability of companies around the globe.

PowerTrack is a patented, electronic, business-to-business payment network from U.S. Bank Corporate Payment Systems that greatly expands the concept of EIPP and invoice presentment. Some of the country's largest commercial and government organizations use PowerTrack to streamline business-to-business payment processes by enabling robust pre-payment audits, real-time exception identification, collaborative resolution, and integrated accounts payable and accounts receivable processing. PowerTrack pays sellers quickly while maintaining generous payment terms for buyers, reduces collections risk for sellers, and delivers exceptional control for cash managers.

To learn more about PowerTrack or for a demonstration, call (800) 417-1844 or visit PowerTrack on the web at powertrack.com.

U.S. Bancorp (NYSE:USB), with more than $204 billion in assets, is the 6th largest financial services holding company in the United States. The company operates 2,383 banking offices and 4,877 ATMs in 24 states, 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 in which the company pays customers if certain key banking benefits and services are not met. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

CONTACT: U.S. Bancorp Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com
OR
U.S. Bank Corporate Payment Systems
Dan Endy, 612-973-1512
dan.endy@usbank.com

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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