US BANCORP \DE\ — Director's Dealing 2007

Jan 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2006-12-28

Reporting Person: DAVIS RICHARD K (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-28	Common Stock, $0.01 par value	G	3445	—	Disposed	46906	Indirect
2006-12-28	Common Stock, $0.01 par value	G	1378	—	Disposed	45528	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	92801.3606	Direct
Common Stock, $0.01 par value	122955	Indirect
Common Stock, $0.01 par value	8905.0497	Indirect

Footnotes

F1: Based on a plan report dated December 31, 2006, the most recent plan report available.