US BANCORP \DE\ — Director's Dealing 2003

Dec 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2003-12-03

Reporting Person: DAVIS RICHARD K (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-03	Common Stock, $0.01 par value	G	8525	—	Disposed	37438	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	96745.48	Direct
Common Stock, $0.01 par value	6368.46	Indirect

Footnotes

F1: Includes share amounts acquired in July and October pursuant to the U.S. Bancorp Dividend Reinvestment Plan in transactions exempt under Rule 16a-11.

F2: Based on a plan report dated 11/30/03, the most recent plan report available.