US BANCORP \DE\ — Director's Dealing 2005

Apr 7, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2005-04-05

Reporting Person: Otting Joseph M (EVP, Commercial Banking)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-05	Common Stock, $0.01 par value	A	8756	$28.55	Acquired	19547	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	569.674	Indirect

Footnotes

F1: Based on a plan report dated 3/31/05, the most recent plan report available.