US BANCORP \DE\ — Director's Dealing 2007

Apr 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-04-18

Reporting Person: Thormodsgard Diane L (Vice Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-18	Employee Stock Option (Right to Buy)	$34.40	A	106589	Acquired	2017-04-18	Common Stock (106589)	Direct

Footnotes

F1: The option vests in four equal annual installments beginning on April 18, 2008.