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: 2007-10-19

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-19	Common Stock, $0.01 par value	S	300	$32.35	Disposed	2900	Direct
2007-10-19	Common Stock, $0.01 par value	S	100	$32.38	Disposed	2800	Direct
2007-10-19	Common Stock, $0.01 par value	S	200	$32.40	Disposed	2600	Direct
2007-10-19	Common Stock, $0.01 par value	S	600	$32.41	Disposed	2000	Direct
2007-10-19	Common Stock, $0.01 par value	S	1000	$32.42	Disposed	1000	Direct
2007-10-19	Common Stock, $0.01 par value	S	200	$32.43	Disposed	800	Direct
2007-10-19	Common Stock, $0.01 par value	S	200	$32.44	Disposed	600	Direct
2007-10-19	Common Stock, $0.01 par value	S	600	$32.45	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.