US BANCORP \DE\ — Director's Dealing 2007

Oct 31, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-10-30

Reporting Person: Thormodsgard Diane L (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-30	Common Stock, $0.01 par value	G	400	—	Disposed	44613	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	851.7255	Indirect
Common Stock, $0.01 par value	34265	Indirect

Footnotes

F1: Based on a plan report dated September 30, 2007, the most recent plan report available.