US BANCORP \DE\ — Director's Dealing 2011

Jan 20, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-05	Common Stock, $0.01 par value	G	5618.0000	$0.0000	Disposed	6282.0000	Direct
2010-03-05	Common Stock, $0.01 par value	G	5618.0000	$0.0000	Acquired	25377.2968	Indirect
2010-11-30	Common Stock, $0.01 par value	W	162.0000	$0.0000	Acquired	25693.3656	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	21220.9818	Indirect
Common Stock, $0.01 par value	2234.7530	Indirect

Footnotes

F1: Includes amounts acquired pursuant to dividend reinvestment.

F2: These shares were previously incorrectly reported as directly held.