U.S. Bancorp is replacing paper and microfiche with optical disk technology for storing reports, a project bank officials say will cut costs, provide quicker access to data, and improve information management.

Portland, Ore.-based U.S. Bank, with more than $21 billion in assets, is using a Filetek Inc. optical storage system - a computer server attached to the bank's mainframe - that lets users working on dumb terminals and personal computers view reports on their screens.

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