US BANCORP \DE\ — Director's Dealing 2012

May 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2012-05-01

Reporting Person: MITAU LEE R (EVP, General Counsel, and Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock, $0.01 par value	S	412.0000	$32.5920	Disposed	45485.0000	Direct
2012-05-01	Common Stock, $0.01 par value	S	4588.0000	$32.5900	Disposed	40897.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series G Preferred Stock Depositary Shares	4000.0000	Direct
Common Stock, $0.01 par value	35019.0000	Indirect
Series F Preferred Stock Depositary Shares	1500.0000	Indirect
Series G Preferred Stock Depositary Shares	4000.0000	Indirect