-----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,
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 t9VxQBxqcQqSv5NW1L3GEw==

<SEC-DOCUMENT>0000036104-04-000019.txt : 20040120
<SEC-HEADER>0000036104-04-000019.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120172837
ACCESSION NUMBER:		0000036104-04-000019
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040115
FILED AS OF DATE:		20040120

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			REITEN RICHARD G
		CENTRAL INDEX KEY:			0001192784

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-65358
		FILM NUMBER:		04533316

	BUSINESS ADDRESS:	
		STREET 1:		220 NW SECOND AVE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97209

	MAIL ADDRESS:	
		STREET 1:		220 NW SECOND AVE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97209

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>
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<?xml version="1.0"?>
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    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-15</periodOfReport>
    <issuer>
        <issuerCik>0000036104</issuerCik>
        <issuerName>US BANCORP \DE\</issuerName>
        <issuerTradingSymbol>USB</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001192784</rptOwnerCik>
            <rptOwnerName>REITEN RICHARD G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NORTHWEST NATURAL GAS COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>220 N.W. 2ND AVENUE</rptOwnerStreet2>
            <rptOwnerCity>PORTLAND</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97209</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Deferred Compensation Plan Participatin</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2282.3</value></transactionShares><transactionPricePerShare><value>28.48</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1"/></exerciseDate><expirationDate><footnoteId id="F1"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlying
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teId id="F10"/></conversionOrExercisePrice><exerciseDate><footnoteId id="F14"/></exerciseDate><expirationDate><value>2008-07-15</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>9552</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>9552</value><footnoteId id="F10"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">Deferred Compensation Plan Participation is valued against U.S. Bancorp common stock on a one-for-one basis and becomes payable, in cash or common stock, at the election of the reporting person, following the termination of the reporting person's directorship with U.S. Bancorp.</footnote><footnote id="
F2">Includes additional amounts acquired in April, July and October, 2003, pursuant to a dividend reinvestment feature of the U.S. Bancorp Deferred Compensation Plan.</footnote><footnote id="F3">Includes an adjustment to the number of units in the reporting person's deferred compensation plan account in order to preserve the economic value of the plan participation in connection with the special dividend paid to effect the spin-off of the company's Piper Jaffray subsidiary on December 31, 2003, by multiplying the number of units in the account by .01475.</footnote><footnote id="F4">Restricted stock units convert into common stock on a one-for-one basis.</footnote><footnote id="F5">The restricted stock units vest in four equal annual installments beginning on January 20, 2005.  Units are payable in common stock when the reporting person retires in accordance with the Company's director retirement policy; only vested units are payable when board service ends under other circumstances.</footnote><footnote id="F
6">The restricted stock units vest in four equal annual installments beginning on December 17, 2003.  Units are payable in common stock when the reporting person retires in accordance with the Company's director retirement policy; only vested units are payable when board service ends under other circumstances.</footnote><footnote id="F7">Includes restricted stock units acquired in January, April, July and October 2003 and January 2004 pursuant to a  dividend reinvestment feature of the reporting person's restricted stock unit award. </footnote><footnote id="F8">Includes an adjustment to the number of restricted stock units in order to preserve the economic value of the plan participation in connection with the spin-off of the company's Piper Jaffray subsidiary on December 31, 2003, by multiplying the number of units in the account by .01475.</footnote><footnote id="F9">The option vests in four equal annual installments beginning on January 20, 2005.</footnote><footnote id="F10">The exercise price and number 
of shares subject to the option were adjusted to preserve the economic value of the option in connection with the spin-off of the company's Piper Jaffray subsidiary on December 31, 2003, by multiplying the number of shares subject to the option, and dividing the option price, by 1.0068.</footnote><footnote id="F11">The option vests in four equal annual installments beginning on December 17, 2003.</footnote><footnote id="F12">The option vests in four equal annual installments beginning on January 2, 2003.</footnote><footnote id="F13">The option vests in four equal annual installments beginning on February 27, 2002.</footnote><footnote id="F14">The option was fully vested immediately after grant.</footnote></footnotes><remarks/><ownerSignature><signatureName>Lee R. Mitau for Richard G. Reiten</signatureName><signatureDate>2004-01-20</signatureDate></ownerSignature></ownershipDocument>

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<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:  9-3-02


				/s/Richard G. Reiten
				Signature

				Richard G. Reiten
				Printed Name



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