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U.S. BANCORP AND MICROSOFT JOIN TO DELIVER HOME BANKING SERVICES

 PORTLAND, Ore., Nov. 17/ PRNewswire/ -- Anticipating consumer desire for easier ways to do banking and manage their financial lives, U.S. Bancorp (NASDAQ: USBC) stated it will become a founding member of a new alliance offering home banking to consumers via their personal computers.
 The strategic alliance connects Microsoft Corp. (NASDAQ: MSFT), the nation's leading computer software company, with the largest financial services company headquartered in the Pacific Northwest.
 Details of the alliance, called the Home Banking Network, were announced today in New Orleans at the 1993 Retail Delivery Systems Conference sponsored by the Bank Administration Institute. U.S. Bancorp senior vice president, Rick Comandich, was joined at the announcement by officials from Microsoft and the other two founding regional banks in the network, The First National Bank of Chicago and Michigan National Bank.
 "U.S. Bank understands that many of our customers are pressed for time and want a variety of convenient methods for handling banking transactions and accessing account information," said Rick Comandich, who manages the convenience banking division for U.S. Bancorp. "By joining the Home Banking Network, we're offering U.S. Bank customers a powerful new tool for managing their financial lives."
 Comandich noted home banking is getting new consideration now that nearly 30 percent of American households and 40 percent of Northwest households have personal computers. "U.S. Bank has been committed to the concept of home banking for some time, but we wanted to wait until we had the best vehicle to make home banking easy for our customers," he said. "Our relationship with Microsoft, through the Home Banking Network, puts us in partnership with the undisputed leader in user-friendly software."
 The alliance gives Microsoft a ready-made market for home banking in the Pacific Northwest. U.S. Bancorp is the market leader or a strong contender in all five states where it operates retail banks: Oregon, Washington, Northern California, Nevada and Idaho.
 U.S. Bank's entry into home banking via computer is the latest in a variety of convenience-focused delivery channels the bank has developed. The organization operates 1100 UBANK ATMs in branches and retail sites throughout its market; its non-branch ATM network is the second largest in the United States. U.S. Bancorp also launched a highly successful debit card product last year; and offers customers telephone bill paying services as well as 24-hour banking via its 800-USBANKS telephone financial center, which handles over two million calls a month.
 U.S. Bancorp is the largest bank holding company headquartered in the Northwest, with assets of $21 billion as of Sept. 30, 1993. U.S. Bancorp is one of the nation's 35 largest bank holding companies, and has consistently ranked among the top tier of these companies in performance and capital strength. Banking subsidiaries include U.S. Bank of Oregon; U.S. Bank of Washington; U.S. Bank of California; U.S. Bank of Nevada; U.S. Bank of Idaho; and U.S. Bank (Canada). Other financial services businesses include U.S. Bancorp Mortgage Co. and U.S. Bancorp Securities and Trust Group.
 -0- 11/17/93
 /CONTACT: Mary Ruble, Public Relations, of U.S. Bancorp, 503-275-6200; or Cindy Duryee, Public Relations, of U.S. Bank of Washington, 206-344-5311/
 (USBC MSFT)


CO: U.S. Bancorp; Microsoft Corp.; The First National Bank of Chicago;
 Michigan National Bank ST: Oregon, Washington IN: CPR FIN SU:


RB -- SE001 -- 5467 11/17/93 12:03 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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