USB US Bancorp

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 * CECERE ANDREW	2. Issuer Name and Ticker or Trading Symbol US BANCORP DE [ USB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Chairman, President and CEO
(Last)          (First)          (Middle) 800 NICOLLET MALL	3. Date of Earliest Transaction (MM/DD/YYYY) 4/22/2021
(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	4/22/2021		M		184187.0000	A	$28.6300	1037110.0000	D
Common Stock, $0.01 par value	4/22/2021		S		184187.0000	D	$56.4800 (1)	852923.0000	D
Common Stock, $0.01 par value								12359.0000 (2)	I	By 401(k) plan
Common Stock, $0.01 par value								341.0000	I	By Spouse

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
Employee Stock Option (Right to Buy)	$28.6300	4/22/2021		M			184187.0000	(3)	2/15/2022	Common Stock, $0.01 par value	184187.0000	$0.0000	0.0000	D

Explanation of Responses:
(1)	The price in Column 4 is a weighted average price. The prices actually received ranged from $56.20 to $56.72. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
(2)	Based on a plan report dated March 31, 2021, the most recent plan report available.
(3)	This option vested in four equal annual installments beginning on February 15, 2013.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
CECERE ANDREW 800 NICOLLET MALL MINNEAPOLIS, MN 55402	X		Chairman, President and CEO

Signatures
James L. Chosy for Andrew Cecere		4/23/2021
**Signature of Reporting Person		Date