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U.S. BANCORP SELECTS EDS INFORMATION SYSTEM: FIRST NON-PARTNER TO INSTALL STRATEGIC BANKING SYSTEM

 PORTLAND, Ore., March 23 /PRNewswire/ -- U.S. Bancorp (NASDAQ: USBC), a $20-billion-asset bank holding company based in Portland, and EDS today jointly announced that U.S. Bancorp has selected EDS' Strategic Banking System(TM) (SBS) to be installed throughout its branch system. The agreement marks the first implementation of the Strategic Banking System by a bank not affiliated with the system's development.
 The Strategic Banking System, an integrated, customer-oriented information system designed to enhance customer service, product development, marketing, relationship building and profitability, was a joint development project between EDS, Columbus, Ohio-based Banc One and Minneapolis-based Norwest Corp.
 "The fact that an institution of the strength and caliber of U.S. Bancorp has selected SBS as its system for the future reinforces the viability of this product," said Bobby Grisham, EDS division president. "This relationship gives U.S. Bancorp the opportunity to focus its marketing efforts more closely on its customers, and gives EDS the opportunity to demonstrate SBS' ability to meet the needs of diverse financial institutions."
 U.S. Bancorp's selection of SBS is part of a comprehensive program supporting the strategic growth plans of the company's retail business groups. U.S. Bancorp operates subsidiary banks in Oregon, Washington, Northern California, Nevada and Idaho with a system of more than 425 branches.
 "We are constantly looking to upgrade the way we handle information so that we can better serve our customers," said Gerry Cameron, vice chairman of U.S. Bancorp, responsible for the company's core retail and corporate banking businesses. "SBS allows us to more effectively build relationships with our customers. That means we can provide our customers with more targeted products and more personalized service. This should lead to greater profitability for our shareholders," he continued.
 According to Cameron, U.S. Bancorp will install the system in mid- 1994 at a pilot location and roll it out across the entire organization by the end of 1995. While he acknowledged that the implementation schedule is aggressive, Cameron expressed confidence that the timetable is achievable both because of the support and expertise that EDS provides, as well as U.S. Bancorp's strong internal information services capabilities.
 "After evaluating several different systems, we determined that EDS could best meet our needs both in terms of their experience with large- scale systems integration projects and in terms of the SBS system's capabilities," he said.
 U.S. Bancorp is the largest bank holding company headquartered in the Northwest, with assets of $20.7 billion as of Dec. 31, 1992. U.S. Bancorp is one of the nation's 35 largest bank holding companies, and has ranked among the top tier of these companies in performance and capital strength for the last several years. Banking 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. and U.S. Bancorp Investor Services. The company has the ninth-largest automated teller machine network in the nation.
 EDS has operations in 30 countries, employs more than 70,000 people and is a leader in applying information technology to meet the needs of businesses and governments around the globe. Stock reflecting EDS' performance is traded on the New York Stock Exchange under the symbol GME. EDS reported revenues of $8.2 billion in 1993.
 See following fact sheet on the Strategic Banking System:
 STRATEGIC BANKING SYSTEM PRODUCT OVERVIEW
 System Features:
 -- The Strategic Banking System is advanced banking systems software co-developed by EDS and two leading financial institutions. A fully integrated customer, deposits and loan processing platform, SBS has centralized customer information at the heart of its design. This innovative design means that all areas of the bank -- including branches in other states -- have access to the same fresh, timely, accurate information about bank customers, which is a real boost to customer service and to the concept of "relationship banking," or building multiple relationships with a single-valued customer.
 -- SBS was created using an advanced fourth-generation programming language that allows banks to make changes to the system in support of new products without the involvement of a programming staff. That means a bank's marketing group can devise a new product, say an interest- bearing checking account targeted at senior citizens, make the required system changes themselves and introduce the product to market in a matter of days -- rather than weeks or months.
 -- SBS gives banks a level of flexibility not possible with other systems. For instance, banks can choose to install and operate all components of SBS or blend SBS with existing systems to take advantage of previous investments in technology. The result is easier and faster conversions during acquisitions and mergers and fewer disruptions in operations.
 System Advantages:
 -- Improves quality of services to the customer by giving financial institutions access to all information for each relationship for each customer. With all customer information in one centralized location, banks can track customer requests and inquiries and can cross-sell new products and services to existing customers more effectively.
 -- Allows banks to determine how to view their customers -- by household, spouse, guarantor, trustee or any other relationship level they choose. This gives institutions a better picture of who their customers are and what their banking needs may be.
 -- Provides flexibility in product definition by allowing product groups to develop new offerings and generate the system code required to support them without the involvement of a programming staff. This flexibility lets financial institutions introduce products and services to the market more quickly.
 -- Enhances employee productivity by maintaining central, up-to-the- minute information on all customers in a single repository. Employees using the system, whether at the corporate headquarters or a branch in another state, have access to the same timely, accurate information, which translates into fewer errors and less gathering of redundant data.
 -- Improves business profitability by allowing banks to develop multiple relationships with their customers and target products and services more closely to customer needs.
 -- Supports a bank's requirements to update technology. As newer, faster mainframes and microprocessors and technological advances like image-based storage are introduced, banks may wish to upgrade their existing capabilities. In the past, this posed a problem because the software itself often had to be significantly altered to support hardware changes. With SBS, banks can take advantage of evolving technology without having to rebuild their applications or rewrite their software.
 -0- 3/23/93
 /CONTACT: Mary Ruble of U.S. Bancorp, 503-275-6200; or Carol Winters of EDS, 214-604-2694/
 (USBC GME)


CO: U.S. Bancorp; EDS ST: Oregon, Texas IN: FIN SU:

YC-LM -- SE003 -- 8533 03/23/93 09:12 EST
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Date:Mar 23, 1993
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