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:  4-5-05


				/s/Joseph M. Otting
				Signature

				Joseph M. Otting
				Printed Name