US BANCORP \DE\ — Director's Dealing 2011

Jan 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2011-01-18

Reporting Person: DAVIS RICHARD K (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-18	Common Stock, $0.01 par value	F	9050.0000	$27.5200	Disposed	222209.4324	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	13168.0863	Indirect
Common Stock, $0.01 par value	54678.0000	Indirect

Footnotes

F1: Based on a plan report dated December 31, the most recent plan report available.