US BANCORP \DE\ — Director's Dealing 2010

Jan 26, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2009-12-31

Reporting Person: Thormodsgard Diane L (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-01	Common Stock, $0.01 par value	G	39501	—	Disposed	1147	Direct
2009-12-01	Common Stock, $0.01 par value	G	39501	—	Acquired	39501	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	4045.7699	Indirect
Common Stock, $0.01 par value	34265	Indirect

Footnotes

F1: The transaction involved a gift by the reporting person into a revocable trust.

F2: Based on a plan report dated December 31, 2009, the most recent plan report available.