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U.S. BANCORP ELECTS NEW BOARD MEMBER

 PORTLAND, Ore., Nov. 19 ~PRNewswire~ -- U.S. Bancorp (NASDAQ: U SBC), one of the nation's 35 largest financial institutions, has elected Robert Stevens "Steve" Miller Jr., a member of the investment banking firm of James D. Wolfensohn Inc., to its board of directors, according to Roger L. Breezley, U.S. Bancorp chairman and chief executive officer.
 James D. Wolfensohn Inc., based in New York, provides financial advisory and investment banking services to major international corporations. Paul Volcker, former head of the Federal Reserve Board, serves as chairman of the firm.
 "We're extremely pleased to welcome Steve Miller to our board," said Breezley. "His expertise in economics, law and industrial competitiveness, and his strong national perspective will be extremely valuable to us as our corporation continues to grow. Steve will be a strong addition to our current, highly qualified board."
 Miller is chair of the Congressional Economic Leadership Institute, a Washington-based organization that promotes better understanding of industrial competitiveness issues. He is also a director of the Economic Strategy Institute, a Washington-based think-tank backed by key American industrial companies.
 From 1990 to 1992, Miller was vice chairman of the board of Chrysler Corp. Previous to that position, he served as Chrysler's chief financial officer for nine years.
 Prior to Chrysler, Miller held various financial management positions with Ford Motor Co. for 11 years, including chief financial officer for Ford's Asia-Pacific Headquarters in Melbourne, Australia, and vice president of finance at Ford Venezuela in Caracas.
 Miller is a graduate of the Stanford Graduate School of Business and Harvard Law School. He also received a bachelor's degree in economics from Stanford University.
 Miller was born and raised in Portland.
 U.S. Bancorp is the largest financial services company headquartered in the Northwest, with assets of $21.1 billion as of Sept. 30. U.S. Bancorp is one of the nation's 35 largest financial institutions, and has ranked among the top tier of these companies in performance and capital strength for the last several years. Subsidiaries include U.S. Bank of Oregon; U.S. Bank of Washington; U.S. Bank of California; U.S. Bank of Nevada; and U.S. Bank of Idaho. Other financial services businesses include U.S. Bancorp Mortgage Co., U.S. Bancorp Investor Services, U.S. Bancorp Leasing and U.S. Bancorp Financial Services.
 -0- 11~19~92
 ~CONTACT: Mary Ruble, vice president, Public Relations, of U.S. Bancorp, 503-275-6200~
 (USBC)


CO: U.S. Bancorp ST: Oregon IN: FIN SU: PER

SW-LM -- SE001 -- 2694 11~19~92 08:55 EST
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Publication:PR Newswire
Date:Nov 19, 1992
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