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: COORS PETER H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-18	Common Stock, $0.01 par value	M	6495	$19.0008	Acquired	25091	Direct
2007-04-18	Common Stock, $0.01 par value	S	3610	$34.34	Disposed	21481	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-18	Non-Employee Director Stock Option	$19.0008	M	6495	Disposed	2007-04-24	Common Stock (6495)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comon Stock, $0.01 par value	394	Indirect

Footnotes

F1: The option vested in four equal annual installments beginning on April 24, 1998.