US BANCORP \DE\ — Director's Dealing 2007

Jan 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2007-01-17

Reporting Person: JOSEPH PAMELA A (Vice Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-17	Employee Stock Option (Right to Buy)	$35.76	A	275735	Acquired	2017-01-17	Common Stock (275735)	Direct

Footnotes

F1: The option vests in four equal annual installments beginning on January 17, 2008.