US BANCORP \DE\ — Director's Dealing 2007

Oct 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-10-23

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-23	Common Stock, $0.01 par value	S	4400	$31.47	Disposed	135736	Direct
2007-10-23	Common Stock, $0.01 par value	S	5200	$31.48	Disposed	130536	Direct
2007-10-23	Common Stock, $0.01 par value	S	6200	$31.49	Disposed	124336	Direct
2007-10-23	Common Stock, $0.01 par value	S	11400	$31.50	Disposed	112936	Direct
2007-10-23	Common Stock, $0.01 par value	S	6600	$31.51	Disposed	106336	Direct
2007-10-23	Common Stock, $0.01 par value	S	8900	$31.52	Disposed	97436	Direct
2007-10-23	Common Stock, $0.01 par value	S	5100	$31.53	Disposed	92336	Direct
2007-10-23	Common Stock, $0.01 par value	S	7300	$31.54	Disposed	85036	Direct
2007-10-23	Common Stock, $0.01 par value	S	6225	$31.55	Disposed	78811	Direct
2007-10-23	Common Stock, $0.01 par value	S	7550	$31.56	Disposed	71261	Direct
2007-10-23	Common Stock, $0.01 par value	S	10150	$31.57	Disposed	61111	Direct
2007-10-23	Common Stock, $0.01 par value	S	200	$31.575	Disposed	60911	Direct
2007-10-23	Common Stock, $0.01 par value	S	6100	$31.58	Disposed	54811	Direct
2007-10-23	Common Stock, $0.01 par value	S	4000	$31.59	Disposed	50811	Direct
2007-10-23	Common Stock, $0.01 par value	S	2900	$31.60	Disposed	47911	Direct
2007-10-23	Common Stock, $0.01 par value	S	7200	$31.61	Disposed	40711	Direct
2007-10-23	Common Stock, $0.01 par value	S	1400	$31.62	Disposed	39311	Direct
2007-10-23	Common Stock, $0.01 par value	S	2100	$31.63	Disposed	37211	Direct
2007-10-23	Common Stock, $0.01 par value	S	1500	$31.64	Disposed	35711	Direct
2007-10-23	Common Stock, $0.01 par value	S	3200	$31.65	Disposed	32511	Direct
2007-10-23	Common Stock, $0.01 par value	S	4800	$31.66	Disposed	27711	Direct
2007-10-23	Common Stock, $0.01 par value	S	3600	$31.67	Disposed	24111	Direct
2007-10-23	Common Stock, $0.01 par value	S	3900	$31.68	Disposed	20211	Direct
2007-10-23	Common Stock, $0.01 par value	S	2411	$31.69	Disposed	17800	Direct
2007-10-23	Common Stock, $0.01 par value	S	15000	$31.70	Disposed	2800	Direct
2007-10-23	Common Stock, $0.01 par value	S	1300	$31.71	Disposed	1500	Direct
2007-10-23	Common Stock, $0.01 par value	S	800	$31.72	Disposed	700	Direct
2007-10-23	Common Stock, $0.01 par value	S	700	$31.73	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	25517.4058	Indirect
Common Stock, $0.01 par value	24782.2928	Indirect

Footnotes

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