US BANCORP \DE\ — Director's Dealing 2014

Feb 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2014-02-14

Reporting Person: LaFontaine Michael S. (EVP, Chief Oper. Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-14	Common Stock, $0.01 par value	M	3044.0000	$0.0000	Acquired	26333.0000	Direct
2014-02-14	Common Stock, $0.01 par value	F	1077.0000	$40.2900	Disposed	25256.0000	Direct
2014-02-18	Common Stock, $0.01 par value	F	1194.0000	$40.8200	Disposed	24062.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-14	Restricted Stock Units	$	M	3044.0000	Disposed		Common Stock, $0.01 par value (3044.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	10164.0000	Indirect

Footnotes

F1: Based on a plan report dated February 7, 2014, the most recent plan report available.

F2: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.

F3: The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.