US BANCORP \DE\ — Director's Dealing 2007

Jan 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-01-26

Reporting Person: GLUCKMAN VICTORIA BUYNISKI (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-26	Common Stock, $0.01 par value	M	18122	$13.6985	Acquired	65344	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-26	Non-Employee Director Stock Option (Right to Buy)	$13.6985	M	18122	Acquired	2007-04-06	Common Stock (18122)	Direct

Footnotes

F1: The option vested in four equal annual installments beginning on April 8, 1998.