US BANCORP \DE\ — Director's Dealing 2006

Jan 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2006-01-23

Reporting Person: COORS PETER H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-23	Common Stock, $0.01 par value	M	9552	$14.7894	Acquired	20318	Direct
2006-01-23	Common Stock, $0.01 par value	M	5731	$15.5741	Acquired	26049	Direct
2006-01-23	Common Stock, $0.01 par value	S	7934	$29.18	Disposed	18115	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-23	Non-Employee Director Stock Option (Right to Buy)	$14.7894	M	9552	Disposed	2006-02-21	Common Stock (9552)	Direct
2006-01-23	Non-Employee Director Stock Option (Right to Buy)	$15.5741	M	5731	Disposed	2006-04-17	Common Stock (5731)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	394	Indirect

Footnotes

F1: The proceeds of the sale of shares were used to pay the expenses of the option exercises reported on this form.

F2: The option was fully vested immediately after grant.