UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.     )
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U.S. Bancorp
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*** Exercise Your Right to Vote *** Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on April 19, 2016. U.S. BANCORP For information on how to obtain directions to be able to You are receiving this communication because you hold shares in the company named above. This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of U.S. BANCORP INVESTOR RELATIONS 800 NICOLLET MALL BC-MN-H23K MINNEAPOLIS, MN 55402-7014 the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at www.proxyvote.com or easily request a paper copy (see reverse side). We encourage you to access and review all of the important information contained in the proxy materials before voting. proxy materials and voting instructions. E03127-P72995-Z67139 See the reverse side of this notice to obtain Meeting Information Meeting Type:Annual Meeting For holders as of:February 23, 2016 Date: April 19, 2016Time: 11:00 AM Location: Sheraton Denver Downtown Hotel Grand Ballroom 1550 Court Place Denver, CO attend the annual meeting and vote in person, please call Investor Relations at (866) 775-9668.

Before You Vote How to Access the Proxy Materials Have the information that is printed in the box marked by the arrow XXXX XXXX XXXX XXXX (located on the by the arrow XXXX XXXX XXXX XXXX (located on the following page) in the subject line. How To Vote Please Choose One of the Following Voting Methods box marked by the arrow XXXX XXXX XXXX XXXX (located on the following page) available and follow the instructions. E03128-P72995-Z67139 Vote In Person: Many shareholder meetings have attendance requirements including, but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote these shares. Vote By Internet: To vote now by Internet, go to www.proxyvote.com. Have the information that is printed in the Vote By Mail: You can vote by mail by requesting a paper copy of the materials, which will include a proxy card. Proxy Materials AAvvaaiillaabbllee ttooVVIEIEWWoorrRREECCEEIVIVEE: : NOTICE AND PROXY STATEMENTANNUAL REPORT How to View Online: following page) and visit: www.proxyvote .com. How to Request and Receive a PAPER or E-MAIL Copy: If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make your request: 1) BY INTERNET:www.proxyvote.com 2) BY TELEPHONE: 1-800-579-1639 3) BY E-MAIL*:sendmaterial@proxyvote.com * If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the box marked Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed above on or before April 5, 2016 to facilitate timely delivery.

The Board of Directors recommends a vote "FOR" each of the following nominees: 1 - Election of Directors: 1a. Douglas M. Baker, Jr. The Board of Directors recommends a vote "FOR" the following proposals: 2 - The ratification of the selection of Ernst & Young LLP as our independent auditor for the 2016 fiscal year. 3 - An advisory vote to approve the compensation of our executives disclosed in the proxy statement. 1b. Warner L. Baxter 1c. Marc N. Casper 1d. Arthur D. Collins, Jr. The Board of Directors recommends a vote "AGAINST" the following proposals: 4 - SHAREHOLDER PROPOSAL: A shareholder proposal seeking the adoption of a policy requiring that the Chairman of the Board be an independent director. 1e. Richard K. Davis 1f. Kimberly J. Harris 1g. Roland A. Hernandez 5 - SHAREHOLDER PROPOSAL: A shareholder proposal seeking the adoption of a policy requiring senior executives to retain a significant percentage of shares acquired as equity compensation. 1h. Doreen Woo Ho 1i. Olivia F. Kirtley 1j. Karen S. Lynch 1k. David B. O’Maley 1l. O’dell M. Owens, M.D., M.P.H. 1m. Craig D. Schnuck 1n. Scott W. Wine E03129-P72995-Z67139 Voting Items

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