US BANCORP \DE\ — Director's Dealing 2005

Apr 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2005-04-01

Reporting Person: PETRY THOMAS E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-01	Deferred Compensation Plan Participation	$	I	136358.03	Disposed		Common Stock (136358.03)	Direct

Footnotes

F1: Deferred Compensation Plan Participation is valued against U.S. Bancorp common stock on a one-for-one basis and is payable in common stock, at the election of the reporting person, following the termination of the reporting person's directorship with U.S. Bancorp.

F2: Includes additional amounts acquired in January, April, July and October 2004 and January 2005, pursuant to a dividend reinvestment feature of the U.S. Bancorp Deferred Compensation Plan.