US BANCORP \DE\ — Director's Dealing 2010

Jul 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-07-26

Reporting Person: Payne Richard B JR (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-26	Common Stock, $0.01 par value	F	4113	$23.71	Disposed	26806	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	1120.9007	Indirect
Common Stock, $0.01 par value	2000	Indirect

Footnotes

F1: Based on a plan report dated June 30, 2010, the most recent plan report available.