US BANCORP \DE\ — Director's Dealing 2003

Oct 28, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2003-10-27

Reporting Person: CECERE ANDREW (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-27	Common Stock, $0.01 par value	S	8600	$27.00	Disposed	153650	Direct
2003-10-27	Common Stock, $0.01 par value	S	1400	$27.01	Disposed	152250	Direct
2003-10-27	Common Stock, $0.01 par value	G	400	—	Disposed	151850	Direct
2003-10-27	Common Stock, $0.01 par value	G	200	—	Disposed	151650	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	4745.87	Indirect
Common Stock, $0.01 par value	341	Indirect

Footnotes

F1: Based on a plan report dated 9/30/03, the most recent plan report available.