US BANCORP \DE\ — Director's Dealing 2007

Feb 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-02-23

Reporting Person: Thormodsgard Diane L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-23	Common Stock, $0.01 par value	G	34265	—	Disposed	33206	Direct
2007-02-27	Common Stock, $0.01 par value	G	1193	—	Disposed	32013	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	340.73	Indirect
Common Stock, $0.01 par value	34265	Indirect

Footnotes

F1: This transaction involved a gift of securities by the reporting person to her husband.

F2: Based on a plan report dated February 16, 2007, the most recent plan report available.