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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Runkel Mark G. 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)
Senior EVP, Chief Transform Of
(Last)         (First)         (Middle)
800 NICOLLET MALL
3. Date of Earliest Transaction (MM/DD/YYYY)
10/21/2021
(Street)
MINNEAPOLIS, MN 55402
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  10/21/2021    A    16082.0000 (1) A $0.0000  52654.0000  D   
Common Stock, $0.01 par value                 379.0000 (2) I  By 401(k) plan 
Common Stock, $0.01 par value                 2846.0000  I  By Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:
(1)  These restricted stock units vest 33% on each of October 21, 2022 and 2023, and 34% on October 21, 2024.
(2)  Based on a plan report dated September 30, 2021, the most recent plan report available.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Runkel Mark G.
800 NICOLLET MALL
MINNEAPOLIS, MN 55402


Senior EVP, Chief Transform Of

Signatures
James L. Chosy for Mark G. Runkel 10/25/2021
**Signature of Reporting Person Date
Grafico Azioni US Bancorp (NYSE:USB)
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Grafico Azioni US Bancorp (NYSE:USB)
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