-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EQwYRMY8BcGsubmH/1O8C+7fKYDNbD9CGTNWDXoeV+UnjqQZmlIPnqCym2K0YmQJ
 9kJ2oIRUIC0kyVHVa23ppg==

<SEC-DOCUMENT>0001185478-03-000006.txt : 20030725
<SEC-HEADER>0001185478-03-000006.hdr.sgml : 20030725
<ACCEPTANCE-DATETIME>20030725105403
ACCESSION NUMBER:		0001185478-03-000006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030724
FILED AS OF DATE:		20030725

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHENEVICH WILLIAM L
		CENTRAL INDEX KEY:			0001185478

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06880
		FILM NUMBER:		03802367

	MAIL ADDRESS:	
		STREET 1:		800 NICOLLET MALL
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US BANCORP \DE\
		CENTRAL INDEX KEY:			0000036104
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				410255900
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		U.S.BANCORP
		STREET 2:		800 NICOLLET MALL
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		(612)973-1111

	MAIL ADDRESS:	
		STREET 1:		U.S.BANCORP
		STREET 2:		800 NICOLLET MALL
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST BANK SYSTEM INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST BANK STOCK CORP
		DATE OF NAME CHANGE:	19720317
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-07-24</periodOfReport>
    <issuer>
        <issuerCik>0000036104</issuerCik>
        <issuerName>US BANCORP \DE\</issuerName>
        <issuerTradingSymbol>USB</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001185478</rptOwnerCik>
            <rptOwnerName>CHENEVICH WILLIAM L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice Chairman, Technology &amp; Op</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock, $0.01 par value</value></securityTitle><transactionDate><value>2003-07-24</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>65000</value></transactionShares><transactionValue><value>19.23</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>161896</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><
value/></natureOfOwnership></ownershipNature></nonDerivativeSecurity><nonDerivativeSecurity><securityTitle><value>Common Stock, $0.01 par value</value></securityTitle><transactionDate><value>2003-07-24</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>65000</value></transactionShares><transactionValue><value>25.0686</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>96896</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></nonDerivativeSecurity><derivativeSecurity><securityTitle><value>Employee Stock Op
tion (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>19.23</value></conversionOrExercisePrice><transactionDate><value>2003-07-24</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>65000</value></transactionShares><transactionValue><value>0</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2002-12-18</value><footnoteId id="F2"/></exerciseDate><expirationDate><value>2011-12-18</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>260000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>195000</value><footnoteId id="F3"/></sharesOwnedFollowingT
ransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">The reporting person also indirectly beneficially owns 638.25 shares of USB stock through U.S. Bancorp's 401(k) plan as of 6/30/03, the most recent report available.</footnote><footnote id="F2">The option vests in four equal annual installments beginning on December 18, 2002.</footnote><footnote id="F3">The reporting person also directly owns the following stock options to purchase shares of USB common stock: (i) 205,000 at $21.64 per share.  The option vests 100% on 12/17/07, or 25% on December 17th of each of 2003, 2004, 2005 and 2006 if certain performance criteria are met in those years, and expires on 12/17/12; (ii) 300,000 at $21.6875 per share.  The option vests in four equal annual installments beginning on 12/12/01 and expires on 12/12/10; (iii) 110,000 at $21.375 
per share.  The option vests in four equal annual installments beginning on 12/14/00 and expires on 12/14/09; (iv) 240,000 at $33.1875 per share.  The option vested in four equal annual installments beginning on 4/26/00 and expires on 4/26/09.</footnote></footnotes><ownerSignature><signatureName>Lee R. Mitau for William L. Chenevich</signatureName><signatureDate>2003-07-25</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>3
<FILENAME>attach_1.txt
<TEXT>
POWER OF ATTORNEY

	This statement confirms that I have authorized and
designated Lee R. Mitau, Laura F. Bednarski and Tracy J.
Knewtson, and each of them, as my attorney-in-fact to
execute and file on my behalf all Forms 3, 4 and 5
(including any amendments) that I may be required to file
with the Securities and Exchange Commission as a result
of my ownership of or transactions in securities of
U.S. Bancorp.  Their authority under Statement shall
continue until I am no longer required to file Forms 4
and 5 with regard to my ownership of or transactions in
securities of U.S. Bancorp, unless I revoke it earlier
writing.  I acknowledge that they are not assuming any of
my responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934.


Dated:  8-28-02


				/s/William L. Chenevich
				Signature

				William L. Chenevich
				Printed Name



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
