US BANCORP \DE\ — Director's Dealing 2004

Feb 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2004-02-11

Reporting Person: SCHNUCK CRAIG D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-11	Common Stock, $0.01 par value	M	6947	$21.2306	Acquired	14004	Direct
2004-02-11	Common Stock, $0.01 par value	M	5311	$20.7961	Acquired	19315	Direct
2004-02-11	Common Stock, $0.01 par value	M	705	$20.734	Acquired	20020	Direct
2004-02-11	Common Stock, $0.01 par value	M	629	$22.4101	Acquired	20649	Direct
2004-02-11	Common Stock, $0.01 par value	M	8961	$21.541	Acquired	29610	Direct
2004-02-11	Common Stock, $0.01 par value	M	1158	$23.2792	Acquired	30768	Direct
2004-02-11	Common Stock, $0.01 par value	M	8860	$23.2792	Acquired	39628	Direct
2004-02-11	Common Stock, $0.01 par value	M	3158	$18.6432	Acquired	42786	Direct
2004-02-11	Common Stock, $0.01 par value	M	2105	$26.7779	Acquired	44891	Direct
2004-02-11	Common Stock, $0.01 par value	M	2105	$24.0763	Acquired	46996	Direct
2004-02-11	Common Stock, $0.01 par value	S	39100	$27.72	Disposed	7896	Direct
2004-02-11	Common Stock, $0.01 par value	S	569	$27.81	Disposed	7327	Direct
2004-02-11	Common Stock, $0.01 par value	S	270	$27.82	Disposed	7057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$21.2306	M	6947	Disposed	2004-02-27	Common Stock (6947)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$20.7961	M	5311	Disposed	2004-02-27	Common Stock (5311)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$20.734	M	705	Disposed	2004-02-27	Common Stock (705)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$22.4101	M	629	Disposed	2004-02-27	Common Stock (629)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$21.541	M	8961	Disposed	2004-02-27	Common Stock (8961)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$23.2792	M	1158	Disposed	2004-02-27	Common Stock (1158)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$23.2792	M	8860	Disposed	2004-02-27	Common Stock (8860)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$18.6432	M	3158	Disposed	2004-02-27	Common Stock (3158)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$26.7779	M	2105	Disposed	2004-02-27	Common Stock (2105)	Direct
2004-02-11	Non-Employee Director Stock Option (Right to Buy)	$24.0763	M	2105	Disposed	2004-02-27	Common Stock (2105)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	9756	Indirect