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: 2007-10-22

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-22	Common Stock, $0.01 par value	S	2500	$31.64	Disposed	9000	Direct
2007-10-22	Common Stock, $0.01 par value	S	2500	$31.65	Disposed	6500	Direct
2007-10-22	Common Stock, $0.01 par value	S	2000	$31.66	Disposed	4500	Direct
2007-10-22	Common Stock, $0.01 par value	S	200	$31.665	Disposed	4300	Direct
2007-10-22	Common Stock, $0.01 par value	S	1100	$31.67	Disposed	3200	Direct
2007-10-22	Common Stock, $0.01 par value	S	1000	$31.68	Disposed	2200	Direct
2007-10-22	Common Stock, $0.01 par value	S	800	$31.69	Disposed	1400	Direct
2007-10-22	Common Stock, $0.01 par value	S	500	$31.70	Disposed	900	Direct
2007-10-22	Common Stock, $0.01 par value	S	900	$31.71	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
Common Stock, $0.01 par value	393035	Indirect

Footnotes

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