CORRECTING and REPLACING U.S. Bank Internet Banking Enhanced at usbank.com

Business Wire, July 31, 2003

Business Editors

CORRECTION...by U.S. Bank

MINNEAPOLIS--(BUSINESS WIRE)--July 31, 2003

In BW5060, issued July 30, 2003, (MN-U.S.-BANK) U.S. Bank Internet Banking Enhanced at usbank.com, second graph, second line should read xxx usbank.com/espanol, (sted usbank.com/enspanol).

The corrected release reads:

U.S. BANK INTERNET BANKING ENHANCED AT USBANK.COM

U.S. Bank recently added several enhancements to usbank.com that make navigating in Spanish easier, Internet banking seamless, applying for credit cards simple and Verified by Visa enrollment effortless.

Hispanic consumers and businesses can now access the Spanish language site directly at usbank.com/espanol, or from a direct link on the usbank.com home page. The site includes information on U.S. Bank products and services including new information for small businesses. The enhancement is yet another example of the great strides U.S. Bank is making to lead the nation in providing financial services to the Hispanic market.

U.S. Bank Internet Bill Pay also received a new look within U.S. Bank Internet Banking, making it even easier and more convenient to use. It was enhanced to provide a more seamless, consistent and improved customer experience, and it includes the same functionality and features as before.

In addition, instant decisions on applications - a feature that is widely-used and of great value to many customers - is now available for the U.S. Bank Cash Rewards Cards as well as the U.S. Bank Student Checking Account.

In a move to increase online purchase security, U.S. Bank customers can now enroll in Verified by Visa directly through usbank.com. Verified by Visa is an Internet shopping protection program that asks the buyer for his or her password before processing the card number for an online purchase. Password protection through Verified by Visa, a service that is free to the cardholder, helps fend off any unauthorized uses of the card number on the Internet should it be lost or stolen. Users may also sign up when they purchase an item from a Verified by Visa Internet merchant and use a U.S. Bank credit card. A pop-up screen automatically prompts the cardholder through the enrollment process.

U.S. Bancorp (NYSE:USB), with assets of $195 billion, is the 8th largest financial services holding company in the United States. The company operates 2,199 banking offices and 4,575 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.