US BANCORP \DE\ — Director's Dealing 2007

Jul 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-07-24

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-24	Common Stock, $0.01 par value	S	5600	$31.53	Disposed	5200	Direct
2007-07-24	Common Stock, $0.01 par value	S	2500	$31.54	Disposed	2700	Direct
2007-07-24	Common Stock, $0.01 par value	S	1300	$31.55	Disposed	1400	Direct
2007-07-24	Common Stock, $0.01 par value	S	1100	$31.56	Disposed	300	Direct
2007-07-24	Common Stock, $0.01 par value	S	300	$31.57	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	25214.529	Indirect
Common Stock, $0.01 par value	24782.2928	Indirect
Common Stock, $0.01 par value	337300	Indirect

Footnotes

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