FOR IMMEDIATE RELEASE	
Contact: Media Relations	202-268-2155
January 6, 2004
	Rel. # 002
	www.usps.com

STATEMENT OF S. DAVID FINEMAN, CHAIRMAN BOARD OF GOVERNORS 
REGARDING ENHANCED FINANCIAL REPORTING

The President's Commission on the United States Postal Service stated 
that the Postal Service should set the standard for financial 
transparency by which all other Federal entities are judged.

In furtherance of this goal, the Commission recommended that the Postal 
Service voluntarily comply with applicable provisions of the major 
Securities and Exchange Commission (SEC) reporting requirements.

Last August, at the Board's direction, the Postal Service initiated an 
effort to enhance financial reporting.  I am pleased to report that 
significant progress has been made.  The 2003 Annual Report, which is 
posted on our web site and will be distributed this week in hard copy, 
includes enhanced disclosures in the footnotes and the Management 
Discussion and Analysis section.  Also, in the First Quarter of Fiscal 
Year 2004, the Postal Service has begun to publicly report significant 
events, on our web site, in accordance with SEC Form 8-K reporting 
requirements.  Additional progress will be achieved with the issuance 
of the Quarter 1, Fiscal Year 2004 Financial Report in February.  
Consistent with SEC Form 10-Q, this report will include an enhanced 
Management Discussion and Analysis section and expanded financial 
statements.

Finally, earlier today the Board reviewed with the Postmaster General 
and his principal officers the topic of annual disclosures as they are 
reported through SEC Form 10-K.  In the coming months we will complete 
plans to further enhance our annual financial reporting.

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