US BANCORP \DE\ — Director's Dealing 2007

Apr 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-04-24

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-24	Common Stock, $0.01 par value	S	300	$34.33	Disposed	300	Direct
2007-04-24	Common Stock, $0.01 par value	S	300	$34.34	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	25065.129	Indirect
Common Stock, $0.01 par value	24782.2928	Indirect
Common Stock, $0.01 par value	282082	Indirect

Footnotes

F1: Based on a plan report dated March 31, 2007, the most recent plan report available.