US BANCORP \DE\ — Director's Dealing 2010

Nov 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-11-15

Reporting Person: Payne Richard B JR (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-15	Common Stock, $0.01 par value	S	3000.0000	$25.0700	Disposed	23885.0740	Direct
2010-11-15	Common Stock, $0.01 par value	S	3000.0000	$25.0600	Disposed	20885.0740	Direct
2010-11-17	Common Stock, $0.01 par value	S	3924.0000	$24.7200	Disposed	16961.0740	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	1122.4871	Indirect
Common Stock, $0.01 par value	2000.0000	Indirect

Footnotes

F1: Includes amounts acquired pursuant to dividend reinvestment.

F2: Based on a plan report dated October 31, 2010, the most recent plan report available.