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: 2008-01-18

Reporting Person: CARLSON JENNIE P (EVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-18	Common Stock, $0.01 par value	S	.1929	$29.8899	Disposed	8488	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	16337.5501	Indirect
Common Stock, $0.01 par value	18313.9613	Indirect
Common Stock, $0.01 par value	1800	Indirect

Footnotes

F1: Total amount of direct holdings was previosuly misreported due to an an administrative error.

F2: Includes amounts acquired in January 2008 pursuant to a dividend reinvestment plan in a transaction exempt under rule 16a-11.

F3: Based on a plan report dated December 31, 2007, the most recent plan report available.