U.S. Bank and Firstar Open Relief Funds for Contributions

MINNEAPOLIS (Sept. 11, 2001) - U.S. Bank and Firstar Bank, subsidiaries of U.S. Bancorp (NYSE: USB), have opened "Disaster Relief Funds" for people who want to contribute to victims of today's apparent terrorist attacks. Also, U.S. Bancorp is encouraging all of its employees to take time to donate blood to the American Red Cross for use in the devastated areas. Additionally, U.S. Bank and Firstar Bank have established a program to help people impacted by the recent events, which includes those needing travel assistance or help for family or friends in the disaster areas.

Contributions can be made at any of the 2,166 Firstar Bank or U.S. Bank locations, which can be found online at usbank.com or firstar.com, or by calling 1-800-USBANKS. Donations to the Disaster Relief Funds will be forwarded to the American Red Cross.

All of U.S. Bancorp is deeply saddened by the devastation that has gripped our country. The organization is fully prepared to offer relief to our customers, employees, family and friends who live and work in the areas that have been hardest hit by this tragedy.

All U.S. Bank and Firstar Bank locations have been instructed to assist customers through the waiver of fees associated with credit card cash advances, wire transfer of funds, cashiers checks and money orders when those transactions are needed to assist individuals impacted by the disaster or stranded while traveling. In addition, U.S. Bank and Firstar Bank have created an emergency credit line product, which is available to individuals impacted by this tragedy.

U.S. Bank and Firstar Bank want to remind customers that their accounts are FDIC insured and strongly encourage them not to carry or withdraw large sums of cash from their accounts. When held in a bank account, a customer's money is FDIC insured and any cash held in their possession is uninsured and at the risk of theft or loss. As a reminder some individuals may attempt to take advantage of customers during a time of uncertainty, therefore we urge customers not to release any personal banking information such as account numbers or balances to anyone.

U.S. Bank and Firstar remains open during this time of heightened awareness in order to provide maximum service to customers. As always, local bank presidents for both banks have the authority to do what is in the best interest of employees and customers in their communities. Some branches may have been impacted or temporarily closed for reasons beyond our control, such as outside property management groups closing buildings in which they are located. For this we apologize.

Minneapolis-based U.S. Bancorp, with assets in excess of $264 billion, is the 6th largest commercial bank in the United States. The company operates 2,847 banking offices and 5,183 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 the parent company of Firstar Banks and U.S. Bank. Visit U.S. Bancorp on the web at usbank.com and Firstar Bank at firstar.com.