-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IdfAG0RB76FoZ9XXU4koX18FyZsNk4JWL43/F/5ozzJ6PG1jl8FqQeSjkt8SIHaV
 OzizfTTRE9wflJYnojYDxw==

<SEC-DOCUMENT>0000036104-04-000017.txt : 20040120
<SEC-HEADER>0000036104-04-000017.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120172741
ACCESSION NUMBER:		0000036104-04-000017
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040115
FILED AS OF DATE:		20040120

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STOKES PATRICK T
		CENTRAL INDEX KEY:			0001179834

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-65358
		FILM NUMBER:		04533310

	BUSINESS ADDRESS:	
		STREET 1:		ANHEUSER-BUSCH COMPANIES, INC.
		STREET 2:		ONE BUSCH PLACE
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63118-1852
		BUSINESS PHONE:		3147656565

	MAIL ADDRESS:	
		STREET 1:		ANHEUSER-BUSCH COMPANIES, INC.
		STREET 2:		ONE BUSCH PLACE
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63118-1852
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
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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>0001179834</rptOwnerCik>
            <rptOwnerName>STOKES PATRICK T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ANHEUSER-BUSCH COMPANIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE BUSCH PLACE</rptOwnerStreet2>
            <rptOwnerCity>ST. LOUIS</rptOwnerCity>
            <rptOwnerState>MO</rptOwnerState>
            <rptOwnerZipCode>63118</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
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teId id="F10"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Non-Employee Director Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>24.0763</value><footnoteId id="F10"/></conversionOrExercisePrice><exerciseDate><footnoteId id="F24"/></exerciseDate><expirationDate><value>2009-04-20</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2105</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2105</value><footnoteId id="F10"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership
><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Non-Employee Director Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>26.7779</value><footnoteId id="F10"/></conversionOrExercisePrice><exerciseDate><footnoteId id="F25"/></exerciseDate><expirationDate><value>2008-04-22</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2105</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2105</value><footnoteId id="F10"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Non-Employee Director Stock Option (Right to Buy)</value></securityTitle
><conversionOrExercisePrice><value>18.6432</value><footnoteId id="F10"/></conversionOrExercisePrice><exerciseDate><footnoteId id="F26"/></exerciseDate><expirationDate><value>2007-05-20</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3158</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3158</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 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="F6">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 special dividend 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="F9">The option vests in four equal annual installments beginni
ng 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 October 1, 2003.</footnote><footnote id="F13">The option vests in four equal annual installments beginning on July 1, 2003.</footnote><footnote id="F14">The option vests in four equal annual installments beginning on April 1, 2003.</footnote><footnote id="F15">The option vests in four equal annual installments beginning on January 2, 2003.</footnote><footnote id="F16">The option vests in four equal annual installments beginning on February 27,
 2002.</footnote><footnote id="F17">The option vests in four equal annual installments beginning on January 2, 2002.</footnote><footnote id="F18">The option vests in four equal annual installments beginning on December 12, 2001.</footnote><footnote id="F19">The option vests in four equal annual installments beginning on October 2, 2001.</footnote><footnote id="F20">The option vests in four equal annual installments beginning on July 3, 2001.</footnote><footnote id="F21">The option vests in four equal annual installments beginning on April 3, 2001.</footnote><footnote id="F22">The option veseds in four equal annual installments beginning on January 3, 2001.</footnote><footnote id="F23">The option vested in four equal annual installments beginning on December 14, 2000.</footnote><footnote id="F24">The option vested in four equal annual installments beginning on April 21, 2000.</footnote><footnote id="F25">The option vested in four equal annual installments beginning on April 23, 1999.</footnote><footnote id="F
26">The option vested in four equal annual installments beginning on May 21, 1998.</footnote></footnotes><remarks/><ownerSignature><signatureName>Lee R. Mitau for Patrick T. Stokes</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:  8-29-02


				/s/Patrick T. Stokes
				Signature

				Patrick T. Stokes
				Printed Name



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