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	3600	$31.77	Disposed	111002	Direct
2007-10-19	Common Stock, $0.01 par value	S	3300	$31.78	Disposed	107702	Direct
2007-10-19	Common Stock, $0.01 par value	S	2800	$31.79	Disposed	104902	Direct
2007-10-19	Common Stock, $0.01 par value	S	2202	$31.80	Disposed	102700	Direct
2007-10-19	Common Stock, $0.01 par value	S	4900	$31.81	Disposed	97800	Direct
2007-10-19	Common Stock, $0.01 par value	S	2900	$31.82	Disposed	94900	Direct
2007-10-19	Common Stock, $0.01 par value	S	4600	$31.83	Disposed	90300	Direct
2007-10-19	Common Stock, $0.01 par value	S	3300	$31.84	Disposed	87000	Direct
2007-10-19	Common Stock, $0.01 par value	S	3200	$31.85	Disposed	83800	Direct
2007-10-19	Common Stock, $0.01 par value	S	2400	$31.86	Disposed	81400	Direct
2007-10-19	Common Stock, $0.01 par value	S	1700	$31.87	Disposed	79700	Direct
2007-10-19	Common Stock, $0.01 par value	S	800	$31.88	Disposed	78900	Direct
2007-10-19	Common Stock, $0.01 par value	S	900	$31.89	Disposed	78000	Direct
2007-10-19	Common Stock, $0.01 par value	S	300	$31.90	Disposed	77700	Direct
2007-10-19	Common Stock, $0.01 par value	S	2600	$31.91	Disposed	75100	Direct
2007-10-19	Common Stock, $0.01 par value	S	2200	$31.93	Disposed	72900	Direct
2007-10-19	Common Stock, $0.01 par value	S	2000	$31.94	Disposed	70900	Direct
2007-10-19	Common Stock, $0.01 par value	S	500	$31.95	Disposed	70400	Direct
2007-10-19	Common Stock, $0.01 par value	S	1600	$31.96	Disposed	68800	Direct
2007-10-19	Common Stock, $0.01 par value	S	600	$31.97	Disposed	68200	Direct
2007-10-19	Common Stock, $0.01 par value	S	1000	$31.98	Disposed	67200	Direct
2007-10-19	Common Stock, $0.01 par value	S	800	$31.99	Disposed	66400	Direct
2007-10-19	Common Stock, $0.01 par value	S	3500	$32.00	Disposed	62900	Direct
2007-10-19	Common Stock, $0.01 par value	S	2900	$32.01	Disposed	60000	Direct
2007-10-19	Common Stock, $0.01 par value	S	3800	$32.02	Disposed	56200	Direct
2007-10-19	Common Stock, $0.01 par value	S	2200	$32.03	Disposed	54000	Direct
2007-10-19	Common Stock, $0.01 par value	S	500	$32.04	Disposed	53500	Direct
2007-10-19	Common Stock, $0.01 par value	S	400	$32.05	Disposed	53100	Direct
2007-10-19	Common Stock, $0.01 par value	S	1200	$32.06	Disposed	51900	Direct
2007-10-19	Common Stock, $0.01 par value	S	400	$32.07	Disposed	51500	Direct