US BANCORP \DE\ — Director's Dealing 2006

Jul 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2006-07-24

Reporting Person: DOLAN TERRANCE R (EVP, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-24	Common Stock, $0.01 par value	S	3127	$31.81	Disposed	15003	Direct
2006-07-24	Common Stock, $0.01 par value	I	1250.442	$31.99	Disposed	640.096	Indirect

Footnotes

F1: Includes 38.298 shares acquired under the plan since the date of the reporting person's last ownership report.