US BANCORP \DE\ — Director's Dealing 2010

Nov 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-11-05

Reporting Person: MITAU LEE R (EVP, General Counsel, and Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-05	Common Stock, $0.01 par value	S	10000.0000	$26.1622	Disposed	60019.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	46522.0000	Direct
Common Stock, $0.01 par value	1664.0521	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $26.16 to $26.1711. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

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