US BANCORP \DE\ — Director's Dealing 2008

Jan 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2008-01-22

Reporting Person: JOSEPH PAMELA A (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-22	Common Stock, $0.01 par value	F	6029	$29.00	Disposed	56886.3367	Direct
2008-01-22	Common Stock, $0.01 par value	F	539	$29.00	Disposed	56347.3367	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	883.6326	Indirect

Footnotes

F1: Based on a plan report dated December 31, 2007, the most recent plan report available.