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	4100	$31.24	Disposed	160202	Direct
2007-07-24	Common Stock, $0.01 par value	S	7200	$31.25	Disposed	153002	Direct
2007-07-24	Common Stock, $0.01 par value	S	4200	$31.26	Disposed	148802	Direct
2007-07-24	Common Stock, $0.01 par value	S	2900	$31.27	Disposed	145902	Direct
2007-07-24	Common Stock, $0.01 par value	S	1700	$31.28	Disposed	144202	Direct
2007-07-24	Common Stock, $0.01 par value	S	2700	$31.29	Disposed	141502	Direct
2007-07-24	Common Stock, $0.01 par value	S	4000	$31.30	Disposed	137502	Direct
2007-07-24	Common Stock, $0.01 par value	S	1100	$31.31	Disposed	136402	Direct
2007-07-24	Common Stock, $0.01 par value	S	3800	$31.32	Disposed	132602	Direct
2007-07-24	Common Stock, $0.01 par value	S	600	$31.325	Disposed	132002	Direct
2007-07-24	Common Stock, $0.01 par value	S	4200	$31.33	Disposed	127802	Direct
2007-07-24	Common Stock, $0.01 par value	S	4000	$31.34	Disposed	123802	Direct
2007-07-24	Common Stock, $0.01 par value	S	11300	$31.35	Disposed	112502	Direct
2007-07-24	Common Stock, $0.01 par value	S	13000	$31.36	Disposed	99502	Direct
2007-07-24	Common Stock, $0.01 par value	S	10200	$31.37	Disposed	89302	Direct
2007-07-24	Common Stock, $0.01 par value	S	14800	$31.38	Disposed	74502	Direct
2007-07-24	Common Stock, $0.01 par value	S	12200	$31.39	Disposed	62302	Direct
2007-07-24	Common Stock, $0.01 par value	S	8300	$31.40	Disposed	54002	Direct
2007-07-24	Common Stock, $0.01 par value	S	11302	$31.41	Disposed	42700	Direct
2007-07-24	Common Stock, $0.01 par value	S	3100	$31.42	Disposed	39600	Direct
2007-07-24	Common Stock, $0.01 par value	S	1700	$31.43	Disposed	37900	Direct
2007-07-24	Common Stock, $0.01 par value	S	1400	$31.44	Disposed	36500	Direct
2007-07-24	Common Stock, $0.01 par value	S	2700	$31.45	Disposed	33800	Direct
2007-07-24	Common Stock, $0.01 par value	S	5200	$31.46	Disposed	28600	Direct
2007-07-24	Common Stock, $0.01 par value	S	4000	$31.47	Disposed	24600	Direct
2007-07-24	Common Stock, $0.01 par value	S	2100	$31.48	Disposed	22500	Direct
2007-07-24	Common Stock, $0.01 par value	S	1600	$31.49	Disposed	20900	Direct
2007-07-24	Common Stock, $0.01 par value	S	1800	$31.50	Disposed	19100	Direct
2007-07-24	Common Stock, $0.01 par value	S	3700	$31.51	Disposed	15400	Direct
2007-07-24	Common Stock, $0.01 par value	S	4600	$31.52	Disposed	10800	Direct