US BANCORP \DE\ — Director's Dealing 2008

Jan 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2008-01-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-02	Common Stock, $0.01 par value	G	18067	—	Disposed	2206.1903	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	16337.5501	Indirect
Common Stock, $0.01 par value	1800	Indirect
Common Stock, $0.01 par value	18067	Indirect

Footnotes

F1: The transaction involved a gift of securities by the reporting person to the reporting person's spouse.

F2: Based on a plan report dated December 31, 2007, the most recent plan report available.