US BANCORP \DE\ — Director's Dealing 2006

Oct 25, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2006-10-20

Reporting Person: GRUNDHOFER JERRY A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-20	Common Stock, $0.01 par value	S	2400	$33.61	Disposed	1300	Direct
2006-10-20	Common Stock, $0.01 par value	S	1300	$33.62	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	24288.2881	Indirect
Common Stock, $0.01 par value	15000	Indirect
Common Stock, $0.01 par value	227351	Indirect

Footnotes

F1: Based on a plan report dated September 30, 2006, the latest plan report available.