US BANCORP \DE\ — Director's Dealing 2010

Mar 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-03-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-02	Common Stock, $0.01 par value	M	8349	—	Acquired	16837	Direct
2010-03-02	Common Stock, $0.01 par value	F	2731	$24.85	Disposed	14106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-02	Restricted Stock Units	$0	M	8349	Disposed		Common Stock, $0.01 par value (8349)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	20896.8139	Indirect
Common Stock, $0.01 par value	19759.2968	Indirect

Footnotes

F1: Based on a plan report dated February 28, 2010, the most recent plan report available.

F2: Includes amount acquired pursuant to dividend reinvestment since the last report filed.

F3: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.

F4: The restricted stock units vest in four equal annual installments beginning on March 2, 2010.