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	6500	$31.37	Disposed	148856	Direct
2007-10-22	Common Stock, $0.01 par value	S	6600	$31.38	Disposed	142256	Direct
2007-10-22	Common Stock, $0.01 par value	S	8800	$31.39	Disposed	133456	Direct
2007-10-22	Common Stock, $0.01 par value	S	300	$31.395	Disposed	133156	Direct
2007-10-22	Common Stock, $0.01 par value	S	15000	$31.40	Disposed	118156	Direct
2007-10-22	Common Stock, $0.01 par value	S	15300	$31.41	Disposed	102856	Direct
2007-10-22	Common Stock, $0.01 par value	S	4400	$31.42	Disposed	98456	Direct
2007-10-22	Common Stock, $0.01 par value	S	12500	$31.43	Disposed	85956	Direct
2007-10-22	Common Stock, $0.01 par value	S	500	$31.435	Disposed	85456	Direct
2007-10-22	Common Stock, $0.01 par value	S	14101	$31.44	Disposed	71355	Direct
2007-10-22	Common Stock, $0.01 par value	S	100	$31.445	Disposed	71255	Direct
2007-10-22	Common Stock, $0.01 par value	S	10999	$31.45	Disposed	60256	Direct
2007-10-22	Common Stock, $0.01 par value	S	6656	$31.46	Disposed	53600	Direct
2007-10-22	Common Stock, $0.01 par value	S	4400	$31.47	Disposed	49200	Direct
2007-10-22	Common Stock, $0.01 par value	S	4799	$31.48	Disposed	44401	Direct
2007-10-22	Common Stock, $0.01 par value	S	1700	$31.49	Disposed	42701	Direct
2007-10-22	Common Stock, $0.01 par value	S	2700	$31.50	Disposed	40001	Direct
2007-10-22	Common Stock, $0.01 par value	S	3970	$31.51	Disposed	36031	Direct
2007-10-22	Common Stock, $0.01 par value	S	3200	$31.52	Disposed	32831	Direct
2007-10-22	Common Stock, $0.01 par value	S	1631	$31.53	Disposed	31200	Direct
2007-10-22	Common Stock, $0.01 par value	S	1900	$31.54	Disposed	29300	Direct
2007-10-22	Common Stock, $0.01 par value	S	1500	$31.55	Disposed	27800	Direct
2007-10-22	Common Stock, $0.01 par value	S	1500	$31.56	Disposed	26300	Direct
2007-10-22	Common Stock, $0.01 par value	S	3200	$31.57	Disposed	23100	Direct
2007-10-22	Common Stock, $0.01 par value	S	800	$31.58	Disposed	22300	Direct
2007-10-22	Common Stock, $0.01 par value	S	2900	$31.59	Disposed	19400	Direct
2007-10-22	Common Stock, $0.01 par value	S	3400	$31.60	Disposed	16000	Direct
2007-10-22	Common Stock, $0.01 par value	S	2500	$31.61	Disposed	13500	Direct
2007-10-22	Common Stock, $0.01 par value	S	1300	$31.62	Disposed	12200	Direct
2007-10-22	Common Stock, $0.01 par value	S	700	$31.63	Disposed	11500	Direct