Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MITAU LEE R
   2. Issuer Name and Ticker or Trading Symbol
US BANCORP \DE\ [USB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, General Counsel & Sec
(Last)
(First)
(Middle)
U.S. BANCORP, 800 NICOLLET MALL		 3. Date of Earliest Transaction (Month/Day/Year)
02/13/2006
(Street)

MINNEAPOLIS, MN 55402		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value 02/13/2006   F   20,179 D $ 29.96 0 D  
Common Stock, $0.01 par value 02/13/2006   F   44,679 D $ 29.96 40,340 I By Spouse
Common Stock, $0.01 par value 02/13/2006   M   66,663 A $ 28.7545 66,663 D  
Common Stock, $0.01 par value 02/13/2006   F   3,574 D $ 29.96 36,766 I By Spouse
Common Stock, $0.01 par value 02/13/2006   M   3,821 A $ 27.0858 70,484 D  
Common Stock, $0.01 par value 02/13/2006   F   16,362 D $ 29.96 20,404 I By Spouse
Common Stock, $0.01 par value 02/13/2006   M   16,837 A $ 28.7048 87,321 D  
Common Stock, $0.01 par value 02/13/2006   F   20,404 D $ 29.96 0 I By Spouse
Common Stock, $0.01 par value 02/13/2006   M   20,805 A $ 29.1021 108,126 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 28.7545 02/13/2006   M     66,663 05/01/2000 12/19/2006 Common Stock 66,663 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 29.87 02/13/2006   A   64,858   08/13/2006 12/19/2006 Common Stock 64,858 $ 0 64,858 D  
Employee Stock Option (Right to Buy) $ 27.0858 02/13/2006   M     3,821 04/21/1998 12/19/2006 Common Stock 3,821 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 29.87 02/13/2006   A   3,574   08/13/2006 12/19/2006 Common Stock 3,574 $ 0 3,574 D  
Employee Stock Option (Right to Buy) $ 28.7048 02/13/2006   M     16,837 05/09/2000 12/19/2006 Common Stock 16,837 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 29.87 02/13/2006   A   16,362   08/13/2006 12/19/2006 Common Stock 16,362 $ 0 16,362 D  
Employee Stock Option (Right to Buy) $ 29.1021 02/13/2006   M     20,805 10/31/1999 12/19/2006 Common Stock 20,805 $ 0 30,958 D  
Employee Stock Option (Right to Buy) $ 29.87 02/13/2006   A   20,404   08/13/2006 12/19/2006 Common Stock 20,404 $ 0 20,404 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MITAU LEE R
U.S. BANCORP
800 NICOLLET MALL
MINNEAPOLIS, MN 55402		       EVP, General Counsel & Sec  

Signatures

 Lee R. Mitau   02/15/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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