X0202 4 2007-07-23 0000036104 US BANCORP \DE\ USB 0001105789 GRUNDHOFER JERRY A U.S. BANCORP 800 NICOLLET MALL MINNEAPOLIS MN 55402 1 0 0 0 Common Stock, $0.01 par value 2007-07-23 4 S 0 7400 31.92 D 42500 D Common Stock, $0.01 par value 2007-07-23 4 S 0 6200 31.93 D 36300 D Common Stock, $0.01 par value 2007-07-23 4 S 0 3700 31.94 D 32600 D Common Stock, $0.01 par value 2007-07-23 4 S 0 5200 31.95 D 27400 D Common Stock, $0.01 par value 2007-07-23 4 S 0 2900 31.96 D 24500 D Common Stock, $0.01 par value 2007-07-23 4 S 0 1300 31.97 D 23200 D Common Stock, $0.01 par value 2007-07-23 4 S 0 700 31.98 D 22500 D Common Stock, $0.01 par value 2007-07-23 4 S 0 200 31.99 D 22300 D Common Stock, $0.01 par value 2007-07-23 4 S 0 300 32.00 D 22000 D Common Stock, $0.01 par value 2007-07-23 4 S 0 1300 32.01 D 20700 D Common Stock, $0.01 par value 2007-07-23 4 S 0 6800 32.02 D 13900 D Common Stock, $0.01 par value 2007-07-23 4 S 0 2500 32.03 D 11400 D Common Stock, $0.01 par value 2007-07-23 4 S 0 3600 32.04 D 7800 D Common Stock, $0.01 par value 2007-07-23 4 S 0 2400 32.05 D 5400 D Common Stock, $0.01 par value 2007-07-23 4 S 0 800 32.06 D 4600 D Common Stock, $0.01 par value 2007-07-23 4 S 0 1300 32.07 D 3300 D Common Stock, $0.01 par value 2007-07-23 4 S 0 300 32.08 D 3000 D Common Stock, $0.01 par value 2007-07-23 4 S 0 500 32.09 D 2500 D Common Stock, $0.01 par value 2007-07-23 4 S 0 2500 32.14 D 0 D Common Stock, $0.01 par value 25214.529 I By 401(k) plan Common Stock, $0.01 par value 24782.2928 I By IRA Common Stock, $0.01 par value 337300 I By family trust Based on a plan report dated June 30, 2007, the most recent plan report available. A. The transactions reported on this form were made pursuant to a written 10b5-1 trading plan adopted in accordance with SEC Rule 10b5-1 on August 3, 2006. B. This is the second of two Form 4 reports reporting transactions by the Reporting Person on the transaction date. The remainder of the transactions can be found on another Form 4 concurrently filed by the Reporting Person. Lee R. Mitau for Jerry A. Grundhofer 2007-07-24