US BANCORP \DE\ — Director's Dealing 2011

Aug 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2011-08-17

Reporting Person: COLLINS ARTHUR D JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-17	Common Stock, $0.01 par value	M	1007.0000	$21.8713	Acquired	46297.0000	Direct
2011-08-17	Common Stock, $0.01 par value	S	1007.0000	$22.5000	Disposed	45290.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-17	Non-Employee Director Stock Option (Right to Buy)	$21.8713	M	1007.0000	Disposed	2011-10-01	Common Stock, $0.01 par value (1007.0000)	Direct

Footnotes

F1: The option vested in four equal annual installments beginning on October 1, 2002.