US BANCORP \DE\ — Director's Dealing 2009

Jan 16, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2009-01-14

Reporting Person: JOHNSON JOEL W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-14	Deferred Compensation Plan Participation	$	A	2313.716	Acquired		Common Stock (2313.716)	Direct

Footnotes

F1: Deferred Compensation Plan Participation is valued against U.S. Bancorp common stock on a one-for-one basis and is payable in common stock following the termination of the reporting person's directorship with U.S. Bancorp.

F2: Includes amounts acquired pursuant to dividend reinvestment in April, July and October of 2008.