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U.S. Bank to Help Create a Generation That Values Saving on National Teach Children to Save Day April 25

MINNEAPOLIS--(BUSINESS WIRE)--April 24, 2006--On Tuesday, April 25, hundreds of employees at U.S. Bank will meet with students, and teach them how to save money and make it part of their lifestyle during the tenth annual American Bankers Association (ABA) Education Foundation's National Teach Children to Save Day.

The ABA Education Foundation's 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. On April 26, 2005, more than 7,400 bankers exchanged balance sheets for blackboards and gave nearly 328,000 students some basic saving and money management lessons. These efforts help young people take an important first step in mastering their financial ABCs -- learning how to save.

"Fewer than 10 states require a personal finance course for graduation, and many parents feel their own financial shortcomings leave them ill-equipped to teach their kids," said Susan Cole, ABA Education Foundation director. "Unfortunately, most young people learn financial skills by making financial mistakes."

"This is a critical time for our nation's youth," said Richard Davis, president and chief operating officer of U.S. Bancorp, the parent company of U.S. Bank. "Many U.S. Bank employees are seizing the opportunity to empower students with the information they need to learn how to save money and enrich their financial futures."

This year, U.S. Bank employees from all lines of business will teach children about money and savings. Topics that will be covered include 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 interactive, fun activities appropriate for their grade level.

"For many kids, the only thing they know about money is how to spend it," said Cole. "That's not surprising considering that the American family spends an estimated $1.22 for every $1 it earns. Bankers have the skills and knowledge to help turn this trend around and create a generation that values saving over spending."

U.S. Bancorp (NYSE:USB) is the parent company of U.S. Bank. With assets of $210 billion, U.S. Bancorp is the 6th largest financial holding company in the United States. The company operates 2,430 banking offices and 4,941 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Amy Frantti, 612-303-0733


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