US BANCORP \DE\ — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2011-02-14

Reporting Person: McCullough Howell D. III (EVP and Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-14	Common Stock, $0.01 par value	F	152.0000	$28.4000	Disposed	7467.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	19867.0372	Indirect

Footnotes

F1: Based on a plan report dated February 7, 2011, the most recent plan report available.