US BANCORP \DE\ — Director's Dealing 2007

Dec 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-12-17

Reporting Person: DAVIS RICHARD K (Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-17	Common Stock, $0.01 par value	F	11529	$31.94	Disposed	82023.4641	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	9613.7081	Indirect
Common Stock, $0.01 par value	122995	Indirect
Common Stock, $0.01 par value	45528	Indirect

Footnotes

F1: Includes amounts acquired in January, April, July and October 2007 pursuant to a dividend reinvestment plan in transaction exempt under rule 16a-11.

F2: Based on a plan report dated November 30, 2007, the most recent plan report available.