US BANCORP \DE\ — Director's Dealing 2008

May 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2008-05-12

Reporting Person: DAVIS RICHARD K (Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-12	Common Stock, $0.01 par value	G	9590	—	Disposed	51409	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	229665.9882	Direct
Common Stock, $0.01 par value	10267.5842	Direct

Footnotes

F1: Based on a plan report dated April 30, 2008, the most recent plan report available.