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
"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.
CONTACT: U.S. Bank
Amy Frantti, 612-303-0733
SOURCE: U.S. Bank