US BANCORP \DE\ — Director's Dealing 2007

Dec 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-12-14

Reporting Person: OMALEY DAVID B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-14	Common Stock, $0.01 par value	G	57873	—	Disposed	109125	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	19291	Indirect
Common Stock, $0.01 par value	19291	Indirect
Common Stock, $0.01 par value	19291	Indirect

Footnotes

F1: The transaction involved a gift of securities by the reporting person to three separate Grantor Retained Annuity Trusts set up for the benefit of the reporting person's three children. The reporting person's spouse is the trustee of all three Grantor Retained Annuity Trusts.